WEG, a leader in high-efficiency industrial solutions, has achieved a sustainability milestone with the validation of its climate targets by the Science Based Targets initiative (SBTi).
This recognition underscores WEG's commitment to combating climate change while fostering innovation and sustainable growth.
The SBTi, a collaboration among major environmental organisations, sets standards for science-based climate action and evaluates companies' targets.
In line with these standards, WEG launched the Carbon Neutral Programme in 2022, aiming to reduce operational greenhouse gas emissions by 52% by 2030 and achieve carbon neutrality by 2050.
The SBTi validation covers WEG's short-term targets for both direct and value chain emissions, ensuring responsible and measurable sustainable growth.
WEG has established governance aligned with the Paris
Agreement and employs methodologies like the Marginal Cost Abatement Curve to
prioritise emission reduction projects in energy efficiency, renewable energy,
and electric mobility.
With operations in over 120 countries, WEG's validated climate targets reinforce its position as a global leader in sustainability and innovation, demonstrating its commitment to transparency and measurable impact in the energy transition.
“The approval of the emission reduction targets by the SBTi is a decisive step in WEG’s climate journey, reinforcing our commitment to building a sustainable future,” said Daniel Godinho, director of sustainability and institutional relations at WEG. “Aligning our goals with international technical criteria demonstrates transparency and credibility with stakeholders.” -OGN/TradeArabia News Service