We’re thrilled to announce our collaboration with Vinning on their inaugural climate report. In their very first year of reporting, Vinning has taken significant strides towards understanding and reducing their carbon footprint. Their commitment aligns with global climate goals outlined in the Paris Agreement and the 1.5-degree target. Vinning's overarching objective is to contribute to emissions reduction through their business - recycling - while minimizing emissions in their own value chain. The target is to reach net-zero emissions by 2040. This ambitious goal follows the Science Based Target Net Zero standard, requiring a 90% reduction in emissions across scopes 1, 2, and 3 compared to the base year (2023). By 2030, Vinning targets a 60% reduction in emissions intensity per ton of waste handled, with an initial milestone of a 25% reduction in climate footprint by 2025.
ClimateHero's Statement:
Vinning operates in a crucial industry: metal recycling, with immense value not only for the circular economy but also for emissions reduction. Their proactive approach to emissions reporting and reduction sets them apart as a leader in the climate space. By swiftly assessing their emissions and identifying areas for improvement, Vinning demonstrates a deep understanding of their business's environmental impact. Their commitment to transparency and action makes them a standout entity to watch in the ongoing fight against climate change.
Climate Goals:
Achieve net-zero emissions by 2040
60% reduction by 2030 (intensity target)
Reduce emissions by 25% by 2025 (intensity target)
Key Findings:
Total emissions for 2023: 9,124 tons CO2e
Scope breakdown:
Scope 1: Direct emissions: 8%
Scope 2: Energy: 1%
Scope 3: Indirect emissions: 91%
Next Steps:
Take action to reduce and conduct multi-year comparisons in future reports
Expand engagement with stakeholders for broader climate action
Stay tuned for Vinning's ongoing efforts in climate action and join their journey towards a sustainable future!
#ClimateAction #Sustainability #CarbonReduction #Vinning #ClimateHero
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Reducing carbon footprint is crucial in creating a sustainable future for generations to come
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Aiming for a 25% reduction in emissions by 2025 is a strong start.
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Their commitment sets a high standard for sustainability efforts.
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Reducing carbon footprint can lead to a cleaner environment, reduced greenhouse gas emissions, and a healthier planet for future generations.