Zumtobel Group AG: Zumtobel Group commits to the Science Based Targets initiative

Dornbirn (pta024/23.05.2023/11:00 UTC+2)

The Zumtobel Group is committed to the goals of the Paris Climate Agreement and has, for this purpose, joined the Science Based Targets initiative (SBTi). Together with over 4,000 participating companies worldwide, this initiative aims to contribute to limiting global warming to 1.5°C on the basis of science-based, individual targets. The Austrian lighting group is hereby committed to reducing CO2 emissions along the entire value chain in line with science-based net-zero targets.

"Joining the Science Based Targets initiative is a big step. We are taking responsibility for emissions that go beyond our own production: Reducing upstream and downstream emissions is now also part of our sustainability goals and will not only accompany us over the next few years, but guide us. Transformation and innovation will be essential building blocks on the way to net-zero", says Alfred Felder, CEO of the Zumtobel Group.

Further reduction of CO2 emissions
With the aim of achieving climate neutrality in Scope 1 & 2, the Zumtobel Group has been able to halve their CO2 emissions since 2021. Joining the Science Based Targets initiative involves the development of a roadmap that also includes the reduction of upstream and downstream Scope 3 emissions. These account for the majority of emissions along the value chain, including emissions related to purchased materials and energy consumption during the products' use. During the next step, a reduction plan is developed and submitted to the Science Based Targets initiative for validation.

"Now more than ever, we are well aware that we do not only want to act within our immediate control. We want to work with our partners, customers and suppliers to further reduce CO2 emissions – only by working together we can move towards a sustainable future", explains Sebastian Gann, Sustainability Director at the Zumtobel Group.

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Emitter:	Zumtobel Group AG Höchster Straße 8 6850 Dornbirn Austria
Contact Person:	Eric Schmiedchen
Phone:	+43 5572 509 1125
E-Mail:	eric.schmiedchen@zumtobelgroup.com
Website:	z.lighting
ISIN(s):	AT0000837307 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)