STARK Group commits to the SBTi and steps up its efforts to combat climate change by reaching net zero by 2050
STARK Group commits to set a long-term target to reach net zero by 2050 at the latest. The company is taking measures to reduce its emissions by 42% by 2030, from a 2020 baseline, aligned with the Paris Agreement and to achieve net zero - even as the company continues to drive its growth strategy.
As a signatory of the UN Business Ambition for 1.5°C pledge, STARK Group is taking the next step to fully integrate sustainability into its corporate strategy - with a long-term objective to become a net zero emissions distributor of heavy building materials by 2050. This means that the company aligns its business with the most ambitious aim of the Paris Agreement, to limit the average global temperature rise to 1.5°C above pre-industrial levels.
STARK Group joins the Science Based Targets initiative (SBTi) in recognition of the urgent need to combat climate change. Building materials account for 11% of the total global industrial carbon emissions and therefore plays an important role in limiting global warming. Together with its suppliers and customers, STARK Group has the potential to be part of the solution.
“Committing to the Science Based Targets initiative is a natural step on our sustainability journey. We acknowledge the importance of taking decisive measures to tackle climate change; companies need a clear plan to address the transition to net zero, here and now. Therefore, STARK Group is leading the way in our industry by taking actions to significantly reduce emissions by committing to achieve net zero by 2050 at the latest,” says Søren P. Olesen, CEO of STARK Group
Actions to achieve net zero will focus on increased heating and energy efficiency and a transition to renewable energy in the branch network. Within logistics, efforts will focus on efficient packing and planning, as well as transition fuels such as renewable bio-diesel (HVO100) and electric distribution. Furthermore, focus on rethinking, reducing, and recycling will further reduce carbon impact.
As the scope 3 carbon impact from products sold is significant, efforts within customer advice and education, as well as increasing collaboration with suppliers to offer sustainable energy-efficient and eco-labelled products, will ensure progress towards net zero.
“By committing to the United Nations Global Compact’s Business Ambition for 1.5°C, we are joining leading companies to pursue measures to limit global temperature rise in line with the recommendations of leading climate scientists. The building and construction sector has a large carbon footprint, and it is important that all parties in the value chain take concrete actions to reduce this impact. Our commitment is a clear signal that we are stepping up our ambition level to curb climate change. We must do our part to support the ambition to limit the global temperature rise to 1.5°C,” says Louise Askær-Hune, Group Head of Sustainability.
STARK Group is in the middle of the SBTi target-setting process involving three categories of emissions as defined by the Greenhouse Gas Protocol; Scope 1, 2 and 3. STARK Group’s Science Based Targets aim is to be verified by the SBTi for all three scopes in 2021.