Net-Zero 2040 validated by third party
The Science Based Target initiative (SBTi) has now reviewed Coor’s plan to reach net zero greenhouse gas emissions by 2040 and validated that the initiatives correspond to evidence-based requirements for reaching the target.
To achieve net zero emissions is one of the most ambitious climate goals any business can currently undertake. According to the standard produced by the SBTi, associated companies must achieve the goal by no later than 2050.
“The fact that our Net-Zero target has been validated by a third party once again demonstrates that our sustainability strategy is focusing on the right things. This is one of the actions we are taking to future-proof our company and retain our market-leading position in facility management in the Nordics,” AnnaCarin Grandin, CEO and President of Coor, explains.
Coor’s long-term climate goal is to reduce absolute greenhouse gas emissions in scope 1, 2 and 3 by 90% from the base year 2018 by 2040. Any residual emissions within Coor’s value chain will be neutralized with an equivalent amount of carbon dioxide removals – beyond value chain mitigation. This includes activities that avoid or reduce greenhouse gas emissions, and those that remove and store greenhouse gases from the atmosphere.
“We have started the journey, including the electrification of our vehicle fleet, and by using fossil-free electricity and choosing suppliers that share our ambitious climate goals. But we also know that an even bigger transition lies ahead and that a great deal will be required from us as a company, but also from our customers, suppliers and society as a whole. We all need to help out if we are going to achieve the 1.5°C target,” AnnaCarin Grandin comments.
As part of its short-term climate goals, Coor has undertaken to reduce absolute emissions of greenhouse gases in scope 1 and 2 by 75% by 2030, from base year 2018 levels. Coor has also set a target that states that 75% of the company’s emissions from purchased goods and services, upstream transports and distribution shall be derived from companies whose climate targets have been validated by the SBTi.
“Coor is a change-oriented company with a deeply rooted passion and willingness to create long-term sustainable deliveries. We continuously challenge ourselves to find ways of reducing the climate impact in everything we do, from transport of goods and services to developing optimally climate-smart services. Here, we have a significant advantage as a result of established collaborations with innovative startups and our familiarity with embracing new technology. For example, we already use AI daily in several areas of our operations,” AnnaCarin Grandin concludes.
Please find more information, images etc at www.coor.com or contact:
AnnaCarin Grandin, President and CEO, Coor
+46 10 559 57 70
Maria Ekman, VP Group Sustainability, Coor
+46 70 585 40 08
Magdalena Öhrn, Communications Director, Coor
+46 10 559 55 19
About Coor:
As the leading provider of facility management services, Coor aims to create the happiest, healthiest, and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing, and streamlining our customers’ service activities. This enables our customers to do what they do best.
Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, Aibel, Alleima, the Danish Building and Property Agency, DNV, DSB, Equinor, ICA, IKEA, Karolinska University Hospital in Solna, PKA - “Danish Police, Public Prosecution Authority and Prison and Probation Service”, PostNord, Saab, SAS, Skanska, Telia Company, Vasakronan and Volvo Cars.
Coor was founded in 1998 and has been listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com