Carrier's Ambitious Climate and Net Zero Targets Validated by the Science Based Target Initiative
Carrier Global (NYSE: CARR) announced that their ambitious greenhouse gas emission reduction goals have been validated by the Science Based Targets initiative (SBTi). Carrier aims to reduce absolute scope 1 and 2 GHG emissions by 42% and scope 3 emissions by 25% by 2030, from a 2021 base year, and achieve net-zero emissions across the value chain by 2050. The validation supports Carrier's decarbonization leadership and aligns with the goal of limiting global warming to 1.5°C.
Carrier's targets are part of their strategic transformation through electrification, integration, and resilience, helping customers meet sustainability goals. They are committed to reducing more than 1 gigaton of GHG emissions by 2030, leveraging energy-efficient heat pumps, all-electric refrigeration, and connected technologies to enhance efficiencies in buildings, homes, and the cold chain.
- SBTi validation confirms Carrier’s climate targets are aligned with limiting global warming to 1.5°C.
- Carrier aims to reduce scope 1 and 2 GHG emissions by 42% and scope 3 emissions by 25% by 2030.
- Carrier targets net-zero greenhouse gas emissions across the value chain by 2050.
- Carrier's initiatives support a significant reduction of more than 1 gigaton of greenhouse gas emissions by 2030.
- Products and services like energy-efficient heat pumps and all-electric refrigeration enhance sustainability.
- Ambitious targets like net-zero by 2050 may require substantial investment and operational changes.
- Potential risks could arise from unmet interim goals, impacting credibility and market performance.
- Scope 3 emissions reduction by 25% may be challenging due to dependence on external stakeholders.
SBTi validation further supports Carrier's decarbonization leadership
SBTi's Target Validation Team has validated Carrier's near- and long-term greenhouse gas emission reduction goals as in line with a trajectory to limit global warming to 1.5°C. Carrier's specific SBTi-validated targets are:
- Reduce absolute scope 1 and 2 GHG emissions
42% by 2030 from a 2021 base year. - Reduce absolute scope 3 GHG emissions
25% within the same timeframe. - Reach net-zero greenhouse gas emissions across the value chain by 2050.
"Having our climate and net-zero targets validated by SBTi's comprehensive process confirms that Carrier is doing our part to address climate change," said Hakan Yilmaz, Senior Vice President, Chief Technology & Sustainability Officer, Carrier. "The heating and cooling of buildings and homes, together with food waste, contribute an estimated
The SBTi targets advance Carrier's goal of helping customers avoid more than 1 gigaton of greenhouse gas emissions by 2030 and further support decarbonization efforts. In accordance with these targets, Carrier unveiled its road map to achieve net-zero greenhouse gas emissions across its value chain by 2050.
Carrier's products, services and digital capabilities help customers meet their energy, carbon and food-waste reduction goals. Energy-efficient heat pumps, all-electric refrigeration and building solutions, lower GWP refrigerants and connected technologies are just a few of the ways Carrier is improving efficiencies in buildings, in homes and across the cold chain.
Learn more about Carrier's climate leadership here.
About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.
Contact: | Jason Shockley |
561-542-0207 | |
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SOURCE Carrier Global Corporation
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