Pfeiffer Vacuum+Fab Solutions achieves validation of emission reduction targets by the SBTi
Pfeiffer Vacuum+Fab Solutions, a member of the global Busch Group, says that its science-based targets for reducing carbon emissions have now been officially approved by the Science Based Targets initiative (SBTi).
Pfeiffer Vacuum+Fab Solutions has reached a milestone in its sustainability journey. With the approval of the company’s science-based emission reduction targets, Pfeiffer is now featured on the SBTi website as having a net-zero target in line with the Paris Agreement on climate change. This means Pfeiffer commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Moreover, Pfeiffer also has approved near- and long-term science-based emission reduction targets with the SBTi. This approval reaffirms the commitment of Pfeiffer to combating climate change and contributing to a sustainable future.
The SBTi is a global organization that drives corporate climate action. It enables companies to set ambitious greenhouse gas (GHG) emissions reduction targets aligned with the latest climate science and the Paris Agreement’s goal of limiting global warming to 1.5 °C.
Defined targets for emission reduction
Over the course of two years, Pfeiffer has developed a roadmap for its sustainability journey that has now been approved by the SBTi. The targets set by Pfeiffer focus on reducing direct emissions for the operation of the company’s facilities (scope 1 & 2) as well as indirect emissions from purchased goods or the use of sold products (scope 3).
These targets are scheduled for three specific dates: By 2030, Pfeiffer is committed to transition to 100% renewable electricity. Looking ahead to 2034, the company aims to cut absolute scope 1 and 2 GHG emissions by 58.8% and absolute scope 3 emissions by 35%. By 2050, Pfeiffer is committed to achieving a 96% reduction in absolute scope 1 GHG emissions, 93% in absolute scope 2, and 90% in absolute scope 3. As an overall target, the company is dedicated to reach net-zero GHG emissions across its entire value chain by 2050.
Communicating and committing to sustainability “This approval from the SBTi underscores the commitment and dedication of Pfeiffer to sustainability,” says Sebastian Oberbeck, Global Energy Manager at Pfeiffer Vacuum+Fab Solutions. “It also makes our sustainability goals transparent and supports our communication on this topic to our customers.” Since the majority of total GHG emissions come from the use of Pfeiffer products by customers (scope 3), close communication with customers is essential to encourage sustainable choices.
A path to a more sustainable future As a member of the Science Based Targets initiative since 2022, Pfeiffer Vacuum+Fab Solutions actively supports the global effort to mitigate climate change. By aligning its business practices with the SBTi’s science-based targets, the company is addressing its environmental impact and fostering collaboration across its value chain.
