Tubex have targets approved by the SBTi
Tubex Aluminium Tubes has announced that the Science Based Targets initiative (SBTi) has assessed and approved its group-wide near-term reduction targets for greenhouse gas (GHG) emissions.
Tubex’s targets are consistent with the Paris Agreement to limit global warming to 1.5°C/well below 2°C. They cover emissions from TUBEX Aluminium Tubes’ own operations and from our supply chain (scope 1, 2 and 3).
- Tubex Aluminium Tubes commits to reduce absolute scope 1 and 2 GHG emissions by a minimum of 42% by 2030 from a 2020 base year.
- Tubex Aluminium Tubes also commits to reduce absolute scope 3 GHG emissions by a minimum of 42% within the same timeframe.
*Tubex Tubenfabrik Wolfsberg GmbH and its subsidiaries
The SBTi has classified the company’s scope 1 and 2 target ambition and has determined that it is in line with a 1.5°C trajectory. This is currently the most ambitious designation available through the SBTi process.
Thierry Bitout, CEO, Tubex Aluminum Tubes, said: “The SBTi approval of our GHG reduction targets underlines our commitment to taking serious and transparent action on climate and to supporting sustainable development. We have decided to commit to SBTi to be in line with the latest climate science and to provide our stakeholders with transparency and accountability in the terminology we use to describe our goals.
“We are very pleased to be leading the way as the first aluminium tube manufacturer worldwide to be validated by the SBTi.”
With the company’s targets now approved by the SBTi, it is now also exploring routes to reaching net zero by 2050.
Tubex launched its climate strategy in 2022. The roadmap is designed around three key areas: eco-design, a 1.5°C pathway and circularity.