Reducing our carbon emissions
We prioritise the circular economy, giving materials a new life and saving them from landfills or incinerators.
While this decarbonises our customers' trajectory, it also generates CO₂ emissions. We recognise the need to reduce our own carbon footprint and have set ambitious targets to achieve this.
In today's economic landscape, investing in waste-to-material solutions addresses both economic and social challenges. Climate action is critical, with carbon reduction being our top priority, aligned with the Paris Agreement goals.
Despite the Paris Agreement, global temperature rise is still projected to reach 2.1ᵒC by 2100, potentially up to 3.4ᵒC. This underscores the urgency for global action to phase out fossil fuels and adopt low-carbon solutions, as highlighted at COP28.
By the end of FY23, we committed to setting near-term science-based targets, still to be validated by the Science-Based Targets initiative (SBTi).
Our goal is to reduce absolute Scope 1&2 GHG emissions by 50% and Scope 3 emissions by 25% by 2030, using FY22 as our baseline.
On our journey, we focus on reducing the carbon intensity of our collection activities through increasing the proportion of EURO-6 and electric trucks in our fleet. In our operations, we are working towards using 100% renewable electricity on-site and increasing the share of hybrid and/or electric lease cars. We are also exploring carbon capture technologies to reduce process emissions.