Friday, November 17, 2023
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The Egger Group is all set to move forward towards to a better future with the commitment to Net Zero 2050. With its varied climate-friendly products, the family company aims to contribute towards protecting and preserving the furfure.
The EGGER Group is taking a pioneering step in terms of climate protection. The wood-based material manufacturer commits to the Net Zero target by 2050. EGGER is setting ambitious climate targets and developing comprehensive measures to drastically reduce climate-impacting greenhouse gas emossions throughout its value chain.
Active climate protection as a major duty
EGGER already walks towards a better future as it manufactures products from the raw material that is central to active climate protection and that is Wood. . Wood binds CO2– a significant advantage that also comes into play in wood-based materials. In the last financial year 2022/2023 alone, EGGER products stored 6.4 million tones of CO2. The family company has always attached great importance to the effective and sustainable manufacture of its products. In the present day 70% of the energy used comes from renewable sources. However, EGGER does not see these measures as the end of its own responsibility for climate protection and is therefore now taking a big step further.
Emphasising on the company’s aim Thomas Leissing, CFO & Speaker of the Group Management said, “As a wood-based material manufacturer, our business model has always been linked to environmental and climate protection. We therefore see it as our duty to reduce our climate-impacting emissions. In this way, we want to ensure that we can also enable future generations to live and work sustainably with our climate-friendly wood-based materials.”
This self-perception gives rise to an explicit ambition to make a significant contribution towards protecting and preserving the future. EGGER has established an ambitious, forward-looking climate strategy to reduce the Group-wide carbon footprint.
Commitment to Net Zero by 2050
EGGER is committed to reducing its climate-impacting greenhouse gas emissions in line with the Paris Climate Agreement. EGGER is committed to the Net Zero target by 2050.
The Net Zero target means that emissions must be removed from the atmosphere at the same rate as they are produced. EGGER has developed a comprehensive Group-wide approach to steadily reduce its climate-impacting emissions to Net Zero by 2050. The family company is explicitly focussing on reduction, not on compensation outside its own value chain.
Transparent analysis as starting point
The basis of any targeted climate strategy is the transparent, verified and regular accounting and disclosure of climate-impacting greenhouse gas emissions in all three scopes. The corporate carbon footprint for the EGGER Group in the climate target base year 2022 is as follows: The direct emissions of the EGGER plants (Scope 1) only account for 10% of the carbon footprint. Indirect emissions from purchased energy (Scope 2) account for 14%. And finally, 76%, i.e. the vast majority, are generated as indirect emissions in the upstream and downstream value chain (Scope 3).
A step-by-step approach with far-reaching investments
It will be challenging to make the Net Zero 2050 target a reality. EGGER has determinedmilestones along the way. By 2030, the family company has set the following interim targets: By 2030, the direct emissions from its own plants (Scope 1) will be reduced by at least 30%, the indirect emissions from purchased energy (Scope 2) will be reduced by at least 40% and the indirect upstream and downstream emissions (Scope 3)will be reduced by at least 10%.
Comprehensive measures in numerous areas of the company are on the strategic agenda. The wood-based material manufacturer will be making far-reaching investments. To countinue the decoupling from fossil fuels the company has planned additional biomass power plants and photovoltaic systems.
EGGER will also promote the purchase of electricity from renewable sources and work closely with its business partners on new technical, technological and process-related solutions, for example with regard to the chemical raw materials used in the manufacture of products or with regard to transport.
The company has chosen a fact-based approach in defining its climate strategy and has analysed in detail how the set climate targets can be achieved. EGGER will also continuously and transparently communicate the status of the achievement of its climate targets.
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