Carrier Strengthens Climate Goals with a Science-Based Net Zero Target and Expanded Decarbonization Investments
Carrier Global Corporation (NYSE: CARR) announced an ambitious plan to enhance its sustainability targets, committing to achieving net-zero greenhouse gas (GHG) emissions by 2050, supported by its existing goal to help customers avoid over 1 gigaton of GHG emissions by 2030. The initiative aligns with the Science Based Targets initiative (SBTi) and encompasses comprehensive strategies to manage scope 1, 2, and 3 emissions. Key investments include a 3MW solar array in Shanghai, participation in the Climate Asset Management fund, and the introduction of the Abound™ Net Zero Management solution for real-time ESG performance tracking. Carrier plans to invest over $2 billion towards sustainable building solutions by 2030.
- Targeting net-zero GHG emissions by 2050 enhances sustainability credibility.
- Existing goal to help customers avoid over 1 gigaton of GHG emissions by 2030.
- Investment of over $2 billion by 2030 in sustainable solutions.
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Carrier is now targeting net-zero GHG emissions across its value chain by 2050, complementing its existing goal of helping its customers avoid more than 1 gigaton of GHG emissions by 2030. The company's comprehensive sustainability strategy addresses scope 1, 2 and 3 emissions, covering enterprise-wide direct and indirect emissions. Near- and long-term goals addressing Carrier's scope 1, 2, and 3 emissions will be developed and published in accordance with the SBTi validation process.
"As we continue to distinguish ourselves as a climate systems and solutions leader, we are doubling down on our own commitments for the benefit of our customers, shareowners and the planet," said
Carrier is also expanding its investments in support of its goal of carbon neutral operations, with a focus on renewable energy and high-quality carbon sequestration credits. Specifically:
- Deploying Carrier's onsite renewable energy strategy with the installation of a 3MW solar array system at Carrier's
Shanghai campus. This will provide approximately25% of the site's annual electricity consumption, resulting in a CO2e reduction of ~1,200 metric tons per year. - Becoming an early investor and limited partner in the recently launched Climate Asset Management –
Nature Based Carbon Fund , which targets independently validated projects to reduce or avoid the release of GHG emissions into the atmosphere. The projects focus on nature-based solutions in developing economies that aim to deliver biodiversity improvements at scale for climate resilience and community benefits. - Participating in greening the electrical grid via acquisition of registered and certified Renewable Energy Certificates for site-specific renewable energy projects.
- Adding Carrier's Abound™ Net Zero Management digitally-enabled lifecycle sustainability solution at company facilities around the world. The application, announced earlier this month, provides building owners and managers a simple and automated approach to measure, track, view and report energy and carbon performance across their entire property portfolio in real time to help meet ESG goals.
These programs are in addition to Carrier's already established bold 2030 ESG goals, which include a commitment to invest more than
Learn more about Carrier's ESG leadership here.
About Carrier
As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions,
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