Siegwerk reportedly powered its global operations with 100% renewable electricity last year. Following this, it has launched its updated HorizonNOW 2030 sustainability agenda, including targets such as reducing its Scope 1 and 2 emissions by 60% by 2030 compared with 2020.
The company says the renewable electricity achievement underlines its commitment to decarbonization and responsible business practices as part of HorizonNOW 2030. Since starting its transition to renewable electricity in 2021, it achieved 100% global renewable electricity coverage for the first time in 2023 and has apparently maintained this since.
Siegwerk has introduced various measures to strengthen its approach including on-site solar installations in India, Argentina, Mexico, and Thailand; purchasing unbundled energy attribute certificates; switching to green electricity tariffs and selecting renewable energy providers. The updated agenda defines measurable sustainability targets to be achieved by 2030.
Alina Marm, head of Global Sustainability at Siegwerk, comments:
“One of our key ambitions is to reduce our Scope 1 and 2 emissions by 60% by 2030 compared with 2020, while ensuring 100% renewable electricity coverage every year. To achieve this, we are continuing to build on our long-standing efforts beyond renewable electricity coverage by further driving energy efficiency, operational improvements, and behavioural change initiatives to reduce overall energy consumption and CO2 emissions across the organization.”
To support these goals, Siegwerk has established a dedicated ‘green fund’ to support carbon-reduction investments including projects with longer payback periods. The company hopes these measures will further accelerate its transition to renewable energy and improve energy efficiency across its global operations.
In future, Siegwerk states its renewable electricity strategy will focus on expanding on-site and off-site renewable generation ‘where technically and economically feasible’, reducing reliance on short-term market mechanisms over time and strengthening regional strategies that reflect different grid conditions, regulatory frameworks and market maturity levels around the world.
In related news, last year Henkel partnered with Dow to produce its hot melt adhesive using low-carbon feedstocks and renewable electricity, aspiring to reduce the carbon footprints of its product lines by 20-40%. Henkel aims to align with its climate commitments such as reducing Scope 3 emissions by 30% by 2030, then by 90% by 2045.
In February, European Commission president Ursula von der Leyen set out her vision for a more globally competitive, affordable, self-sufficient and sustainable industry for Europe’s energy, steel and chemicals sectors at the European Industry Summit in Antwerp. We detailed the Antwerp Declaration for a European Industrial Deal in the lead up to the event and von der Leyen’s main points as she spoke to attendees.
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