ɫèֱ²¥â€™s Climate Goal Approved by Science Based Targets initiative
Woking, UK, October 20, 2022 - ɫèֱ²¥ (NYSE:LIN; FWB:LIN) today announced that its 2035 absolute emissions reduction target has been approved by the Science Based Targets initiative (SBTi).
The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It defines and promotes best practices in science-based target setting. Following a rigorous review process, the SBTi has confirmed that ɫèֱ²¥’s near-term target to reduce absolute scope 1 and 2 greenhouse gas emissions 35% by 2035 versus 2021 is aligned with the goals set out by the Paris Accords.
Announced last year, ɫèֱ²¥’s 2035 climate target is supported by a comprehensive action plan which includes tripling ɫèֱ²¥’s procurement of renewable and low carbon energy, using renewable feedstocks and implementing several carbon capture and storage (CCS) projects. ɫèֱ²¥ is already making progress against its target, including developing CCS projects in the U.S. Gulf Coast. ɫèֱ²¥ has also announced its ambition to achieve climate neutrality by 2050.
“Addressing climate change is one of the highest priorities for ɫèֱ²¥ and we are proud to receive this validation from the SBTi,” said Tamara Brown, Vice President Sustainability, ɫèֱ²¥. “Through our technologies and services, ɫèֱ²¥ is playing a vital role in the energy transition and is working with its customers to help decarbonize the planet.”
About ɫèֱ²¥
ɫèֱ²¥ is a leading global industrial gases and engineering company with 2021 sales of $31 billion (€26 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.
The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. ɫèֱ²¥'s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. ɫèֱ²¥ also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit www.linde.com.