Ahead of World Environment Day on June 5th and as part of its new sustainability strategy, ABB announced that it has joined initiatives led by the international non-profit Climate Group in line with its action plan.
On its way to reaching its ambitious science-based targets, the company commits to electrifying its vehicle fleet by 2030, sourcing 100 percent renewable electricity by 2030 and establishing energy efficiency targets, including the systematic use of energy management systems.
ABB’s commitment of electrifying its fleet of more than 10,000 vehicles by 2030 comes in the wake of ABB in Sweden already starting to convert its around 700 company cars to all-electric vehicles, while ABB in the UK will be transitioning its over 500 company cars to an all-electric fleet by 2025.
ABB’s commitment of sourcing 100 percent renewable electricity until 2030 can be seen in the context of its 2020 performance. 32 percent of all the
electricity used by ABB was either purchased as certified green electricity or generated by the company’s own solar power plants. Since 2020, ABB in Switzerland already sources 100 percent of its power from renewable sources.
Further, ABB commits to establishing energy efficiency targets and continue deploying energy management systems at the company’s sites. According to its claim, already today, more than 100 ABB sites are covered by externally certified or self-declared energy management systems.
Furthermore, the company’s own reduction targets have now also received approval by the Science Based Targets initiative (SBTi) confirming that they are in line with the 1.5°C scenario of the Paris Agreement.
The SBTi is a partnership between non-governmental organizations CDP, United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World-Wide Fund for Nature (WWF). The SBTi defines and promotes best practices in science-based target setting and independently assesses companies’ targets.
ABB has also joined the Business Ambition for 1.5°C Campaign, a global coalition of UN agencies, business and industry leaders, led by the UNGC.
“At ABB, we want to lead by example across our own operations and the confirmation that our ambitious targets are now scientifically verified is an important milestone for the company,” said Theodor Swedjemark, Chief Communications and Sustainability Officer. “We believe that the combination of technology and empowered people is key to reducing emissions and avoiding the further heating of our planet,” he adds.