By committing to the Science Based Targets Initiative (SBTi), PORR has reached an important milestone in its sustainability strategy. Specifically, it has pledged to set science-based climate targets to reduce short-term GHG emissions by 2030, and to submit them within 48 months. The targets provide for a 43% reduction for Scope 1 and Scope 2 emissions and a 25% reduction for Scope 3. These are based on predefined and measurable actions along the entire value chain whose implementation by 2030 is possible from today’s perspective. PORR’s commitment has now been officially confirmed by SBTi.
With this move, PORR is reaffirming its commitment to implement science-based climate targets that are in line with the Paris Agreement. In doing so, it aims to help limit global warming to a maximum of 1.5°C above pre-industrial levels. To achieve this, global greenhouse gas emissions would have to be halved by 2030 and reduced to net zero by 2050. As an emissions-intensive industry, the construction business has a crucial role to play.
Shoulder-to-shoulder for decarbonisation
PORR CEO Karl-Heinz Strauss: “Worldwide decarbonisation will only be achieved by standing shoulder-to-shoulder and taking transparent and verifiable steps. This transparency is already firmly anchored in PORR’s Green and Lean strategy. By committing to SBTi, PORR is sending a clear signal for a sustainable future and inviting partners, customers and suppliers to join us on this journey”.
SBTi is a globally recognised initiative that supports companies and financial institutions in developing and implementing science-based climate targets. It was founded in collaboration with the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). In Europe, around 10,000 companies have already committed to the science-based targets, including 82 Austrian companies.