Stena Recycling’s science-based targets approved
As one of the first European companies in the recycling and waste management sector, Stena Recycling has received approval from the Science Based Targets initiative on its greenhouse gas reduction targets.
The Stena Recycling Group, with operations in eight markets in Europe, is committed to reduce greenhouse gas emissions (GHG) from own operations (Scope 1 & 2) with 50 percent by 2030 from a 2021 base year, and to reduce absolute scope 3 GHG emissions from purchased goods and services, upstream transportation, and downstream transportation by 25 percent within the same timeframe. In addition to the 2030 target, Stena Recycling has also submitted a commitment to set net-zero targets for 2050, which yet remains to be validated.
“Together with our customers we are already contributing to reducing climate impact, by turning their waste into new resources through our advanced recycling technologies. But we are also determined to reduce our own climate footprint in Stena Recycling. The approved science-based targets support us in continuously developing the best services within recycling and circular solutions, while also ensuring that we will do so with a low climate impact throughout our operations and value chain”, says Kristofer Sundsgård, CEO of Stena Recycling Group.
The work is currently ongoing to set the roadmap and action plan to achieve the targets. Stena Recycling will focus on reducing emissions from own working machines and trucks through electrification and the use of biofuels, transitioning to fossil-free electricity throughout operations, as well as reviewing the logistics chain and collaborating with transport suppliers to find more carbon efficient solutions.
“Securing validation of our science-based target is an important recognition of our sustainability ambitions”, says Anna Sundell, Head of Sustainability & Communications. “We are very proud of our role in driving the circular economy forward, which reduces the need for climate intensive extraction of virgin resources. Equally important for us is that we are not only sustainable in what we do, but also in how we do it, which includes accelerating our journey towards carbon-efficient operations.
Anna Sundell, Head of Sustainability & Communications, Stena Metall Group E-mail: anna.sundell@stenametall.se Phone: +46 (0)10-4451934
About Stena Recycling
Stena Recycling is one of Europe's leading recycling companies, offering comprehensive solutions in recycling and circular services. Every year, around six million tons of waste and end-of-life products are recycled from more than 100,000 customers across a range of industries. By keeping resources in the loop, Stena Recycling plays an important and central role in the transition to a circular economy. Besides actual recycling, Stena Recycling also supports its customers in their development towards sustainable business models through its consulting business Stena Circular Consulting. Stena Recycling is part of the Stena Metall Group. To learn more, please visit www.stenarecycling.com
