Overall net-zero target
At SPS we formally adopted science-based targets through the Science Based Targets initiative (SBTi). These targets ensure that our climate strategy is aligned with the latest climate science and reflects our commitment to meaningful, long-term decarbonization. We are committed to reaching net-zero greenhouse gas emissions across the value chain by 2050.
To measure and track progress, we use Tracera, a specialised carbon accounting tool aligned with the Greenhouse Gas Protocol, the world’s leading standard for GHG emissions reporting. Tracera enables us to assess emissions across our operations and supply chain, define robust reduction pathways, and monitor our performance over time.
OUR FOCUS AREAS FOR CO2 REDUCTION MEASURES
Near-term targets (to be achieved by 2033, from a 2023 base year)
- Reduce absolute Scope 1 and 2 emissions by 54.6 percent.
- Reduce absolute Scope 3 emissions from purchased goods and services, capital goods, upstream and downstream transportation and distribution, waste generated in operations, and employee commuting by 54.6 percent.
Long-term targets (to be achieved by 2050, from a 2023 base year)
- Reduce absolute Scope 1 and 2 emissions by 90 percent.
- Reduce absolute Scope 3 emissions by 90 percent.
These science-based targets replace our earlier carbon neutrality goals and provide a clearer, internationally recognised path to net-zero.
We remain committed to transparent reporting and ongoing collaboration with our employees, suppliers, and clients to achieve these ambitious reductions.
SCOPE 1
Fleet conversion
We are in the process of establishing targets to convert our fleet of company vehicles to electric or hybrid vehicles, in line with our net-zero objectives. Additionally, we are coordinating with our vehicle suppliers to assure a steady supply of suitable electric and hybrid vehicles.
SCOPE 2
Transitioning to renewable energy
We are carefully evaluating our energy providers to identify those that offer renewable energy options. Together, we are working to assure a seamless transition to green electricity.
SCOPE 3
Exploring greener options
We are examining our substrate options in depth, taking into account factors such as recycled content and sustainability. Additionally, we are investigating alternative technologies and materials with a smaller carbon footprint.
- Connecting with experts: We are reaching out to both suppliers and industry experts to gain new insights on how to reduce emissions during production and use. In addition, suppliers’ sustainability practises and certifications will be evaluated.
- Smart supplier selection: We are collaborating with Procurement to establish clear selection criteria for suppliers based on their environmental performance. Our objective is to give preference to those who offer eco-friendly printing methods and materials.
- Greener logistics: We are working with logistics partners and suppliers to collect precise data on transport emissions. This information will help us make better decisions, such as optimising routes and contemplating alternative modes of transportation.
- Employee commute: We are closely collaborating with our HR department to actively explore a variety of strategies aimed at minimizing emissions resulting from employee commutes.
LEARN MORE ABOUT OUR OTHER PILLARS
Our employees
Fostering an atmosphere where each employee feels respected, appreciated, included, and has the chance to grow and develop
Diversity & Inclusion
Diversity, equity, and inclusion are inherent to SPS’ culture and success
Business Ethics
We are commited to compliance and adherence to regulatory standards, promoting a transparent and responsible business environment
Privacy and Data Security
We ensure we are compliant with all relevant regulations and that we are constantly and verifiably improving