Votorantim Cimentos announces a stricter CO2 emission target
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Votorantim Cimentos, a building materials and sustainable solutions company, has revised its decarbonisation targets to 475 kg of CO2 per tonne of cement by 2030. Votorantim Cimentos’ new global target is 8.7% lower than the target of 520 kg of CO2/t of cement, previously announced as part of its 2030 Sustainability Commitments. The new scope 1 target, which refers to CO2 emissions generated directly by company operations, was approved by the SBTi (Science Based Target initiative) and represents a reduction of 24.8% compared to base year 2018. SBTi is an initiative that encourages the private sector and financial institutions to take action against the effects of climate change. The organisation grew out of a partnership among several institutions that evaluate and validate science-based emission reduction targets proposed by companies in pursuit of more ambitious targets. Through this new public commitment, Votorantim Cimentos is aligning its emission reduction targets with the ambition of the Paris Agreement, which aims to limit global warming to below 2°C compared to pre-industrial levels, while also pursuing efforts to limit the increase to 1.5°C.