Anora’s science-based emission reduction targets approved by the SBTi

As part of its ambitious Sustainability Roadmap, Anora joined the Science Based Targets initiative (SBTi) in 2022, which included submitting science-based emission reduction targets for validation with the SBTi in December 2023. Anora’s near-term, net-zero and FLAG targets have now been officially approved by the SBTi.

SBTi is a global organisation that encourages businesses to transition towards a zero-carbon economy by defining and promoting best practices in target setting in line with climate science. By validating the emission reduction targets of businesses joining the initiative, the SBTi aims to ensure that the targets are scientifically rigorous and in line with global climate goals.

The SBTi has validated that the science-based greenhouse gas emission reductions targets submitted by Anora conform with the SBTi Corporate Net Zero Standard and the SBTi Forest, Land and Agriculture Guidance. SBTi has classified Anora’s scope 1 and 2 target ambition as in line with a 1.5°C trajectory, which refers to the pursuit set in the Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Anora’s approved targets are:

Overall net-zero target

Anora Group Plc commits to reach net-zero greenhouse gas emissions across the value chain by 2050.

Near-term targets

• Energy & Industry: Anora commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2021 base year*. Anora also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, upstream and downstream transportation and distribution 42% within the same timeframe.

• FLAG: Anora commits to reduce absolute scope 1 and 3 FLAG GHG emissions 30.3% by 2030 from a 2021 base year**. Anora also commits to maintaining no deforestation across its primary deforestation-linked commodities.

Long-term targets

• Energy & Industry: Anora commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2021 base year*. Anora also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, upstream and downstream transportation and distribution 90% within the same timeframe.

• FLAG: Anora commits to reduce absolute scope 1 and 3 FLAG GHG emissions 72% by 2050 from a 2021 base year**.

* The target boundary includes land-related emissions and removals from bioenergy feedstocks.

** Target includes FLAG emissions and removals.

“Anora aims to be a role-model in sustainability in our industry and I am proud of the ambitious goals we have set and the investments we have made for already over a decade to reduce our impact on the environment. Halting the dangerous rise in global temperature is a fight that requires all of us, and we are committed to doing our part. Setting science-based emission reduction targets and receiving validation for them from the Science Based Targets initiative ensures that our efforts are based on latest climate science and move us towards a more sustainable future,” says Jacek Pastuszka, Anora’s CEO.

In addition to these science-based emission reduction targets approved by the SBTi, Anora continues working on the separate sustainability targets set in its 2030 Sustainability Roadmap for reducing emissions, advancing circular economy and developing a responsible Nordic drinking culture.

Definitions

Scope 1 emissions refer to emissions from the direct energy used in Anora’s own production operations, such as burning non-renewable fuels and using diesel and petrol for company cars and trucks.

Scope 2 emissions refer to emissions from Anora’s indirect, purchased energy, such as electricity and district heating.

Scope 3 emissions refer to other indirect emissions from the Anora’s value chain, such as purchased goods and services, and upstream and downstream logistics and transportation.

FLAG (forest, land and agriculture) emissions refer to emissions from land use change (LUC) and land management (LM), such as from wine and barley farming in the Anora’s value chain.

More information

Tytti Karjalainen
Sustainability Specialist

Inka Vettenranta
Communications Director
+358 50 339 4980
inka.vettenranta@anora.com

Anora is a leading wine and spirits brand house in the Nordic region and a global industry forerunner in sustainability. Our market-leading portfolio consists of our own iconic Nordic brands and a wide range of prominent international partner wines and spirits. We export to over 30 markets globally. Anora Group also includes Anora Industrial and logistics company Vectura. In 2023, Anora’s net sales were EUR 726.5 million and the company employs about 1,200 professionals. Anora’s shares are listed on Nasdaq Helsinki.