FLSmidth received validation from the Science Based Targets initiative for its carbon emission reduction targets

By implementing its MissionZero programme to achieve these targets, the company will help keep global warming below 1.5°C at the same time as delivering solutions to help reduce global CO₂ emissions by more than 10% – and becoming carbon neutral in its own operations by 2030.

Commenting on the targets, CEO Thomas Schulz says that he truly believes that the global climate challenge more than anything will find it’s solution in technology, and as a technology leader FLSmidth is uniquely placed to address this.

MissionZero programme

In November 2019, FLSmidth announced its new sustainability ambition, as defined in the MissionZero programme. In short, the programme aims to provide zero-emission technology to the mining and cement industry by 2030, enabling a potential 10% reduction in the world’s CO₂ emissions.

The Science Based Targets cover the company’s emissions throughout the value chain – from its own operations, from its supply chain and, most prominently, from its customers. The latter account for > 95% of its emissions.

According to the Science Based Targets pledge, by 2030 FLSmidth will:

• Be carbon-neutral in its own operations
• Have 30% of its spend with suppliers with similar decarbonisation targets
• Cut customer-associated emissions per revenue by 56%, or 7% year on year

To achieve these ambitious targets, FLSmidth will:

·         Work in partnership with its customers to improve their sustainability performance with FLSmidth’s flagship solutions

·         Accelerate investment in sustainability-related R&D and engage in strategic industry and university partnerships around the world to develop new solutions

·         Invest in renewable energy for its own operations

FLSmidth provides sustainable productivity to the global mining and cement industries. The company’s operations span the globe, and we have close to 10,700 employees in more than 60 countries. In 2020, FLSmidth generated revenue of DKK 16.4 billion. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030.

SBTi is a joint initiative by CDP, UN Global Compact (UNGC), World Resources Institute (WRI) and WWF whose mission is to increase corporate ambition on climate action by mobilising companies to set greenhouse gas emission reduction targets consistent with science-based requirements to limit global warming to less than 1.5ºC/2°C compared to pre-industrial temperatures. For more information, visit sciencebasedtargets.org