Haldor Topsoe commits to the Science Based Targets initiative and sets short-term targets to reduce carbon emissions

• As part of a plan to address climate change, Topsoe commits to setting ambitious carbon emission reduction targets in line with climate science.
• Topsoe will set long-term science-based targets to significantly reduce greenhouse gas emissions across its value chain.
• The company’s short-term target is to reduce greenhouse gas emissions from its own production by 15% in 2021.

Topsoe joins the Science Based Targets initiative (SBTi) in recognition of the pressing need to reduce carbon emissions and the fact that the chemical sector is responsible for one eighth of global industrial carbon emissions. This means that companies in this sector have a crucial role to play in limiting global warming. Topsoe is among 32 chemical companies who have joined the initiative globally and the 31^st Danish company to commit.

“Our commitment to the Science Based Target initiative goes hand-in-hand with our vision: To be recognized as the global leader in carbon emission reduction technologies by 2024. We support customers in cutting their emissions, and we are determined to cut emissions in our own operations. Short term, our target is a 15% reduction by the end of 2021, compared to 2019. For next year and beyond, we will define long-term reduction targets to be validated by SBTi,” says Roeland Baan, CEO of Topsoe.

The SBTi target-setting process involve three categories of emissions as defined by the Greenhouse Gas Protocol. Scope 1 and 2 are direct emissions where the company has operational control and indirect emissions from electricity consumption. Scope 3 includes all other indirect emissions that occur in a company’s value chain, e.g. supply chain operations and end-product usage by customers. Topsoe will report on Scope 1 and 2 emissions in its upcoming Sustainability Report 2020.

Topsoe is committed to contributing positively to the UN Sustainable Development Goals and joined the UN Global Compact in May 2020, pledging to align policies and action with its Ten Principles.
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Notes to editors

About The Science Based Targets initiative
Worldwide, more than 1,000 companies are leading the zero-carbon transition by setting emissions reduction targets through SBTi, which is headed by civil society organizations CDP, UN Global Compact, World Resources Institute, and World Wildlife Fund (WWF).

The SBTi drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.

Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
Source: sciencebasedtargets.org

More information
Ulrik Frøhlke, Media Relations Manager, Haldor Topsoe
Phone: +45 27 77 99 68
Mail: ulfr@topsoe.com

About Haldor Topsoe
Haldor Topsoe is a global leader in supply of catalysts, technology, and services to the chemical and refining industries. Topsoe aims to be the global leader within carbon emission reduction technologies by 2024. By perfecting chemistry for a better world, we enable our customers to succeed in the transition towards renewable energy. Topsoe is headquartered in Denmark and serves customers around the globe. In 2019, our revenue was approximately DKK 6 billion, and we employ more than 2,200 employees. www.topsoe.com