CERATIZIT commits to setting net-zero emissions with Science Based Targets initiative

CERATIZIT, a leader in the manufacturing of highly specialized cutting tools, indexable inserts, hard-material rods, and wear parts, pledges emission reductions in the short and long terms

CERATIZIT has committed to setting short- and long-term targets for company-wide emission reductions in line with the science-based net-zero* approach laid out in the Science Based Targets initiative (SBTi). In doing so, the Luxembourg-based carbide specialist furthers its ambitious sustainability strategy presented this past September.

“Climate change represents a challenge for all of humanity—and also requires the entire industry to rethink many areas. For those reasons, sustainability is a top priority for us,” says Executive Board Spokesman Andreas Lackner, explaining the company's commitment. The next step for CERATIZIT is to develop science-based targets based on its own sustainability strategy and have them validated by SBTi.

Efforts represent only the beginning
The latest scientific findings by the Intergovernmental Panel on Climate Change (IPCC) – described by the United Nations as a “red alert for humanity” – show that, while there is still time to limit the global temperature increase to 1.5°C, we are already dangerously close to this threshold. Rapid and deep emission reductions are needed to cut global emissions in half before 2030 and bring them to zero before 2050.

About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on encouraging and empowering companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

*Net Zero is currently the most stringent greenhouse gas emissions reduction target. It includes Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy) and at least 66% of Scope 3 emissions (all other indirect emissions in a company's value chain), reduction measures with science-based targets, and offsetting the remaining emissions through carbon offsetting or carbon capture.

Located in Luxembourg, CERATIZIT is one of the leaders in developing exceptional hard material solutions for machining and wear protection. With over 8,000 employees and a sales network with more than 50 branches, CERATIZIT is a global player in the carbide industry. The company's international network includes subsidiary Stadler Metalle and joint venture CB-CERATIZIT.