Oshkosh Corporation’s Science-Based Emission Targets Approved
Oshkosh (NYSE: OSK) has announced that the Science Based Targets initiative (SBTi) has validated its science-based greenhouse gas (GHG) emissions reduction targets. The company commits to near-term targets of reducing absolute scope 1 and 2 GHG emissions by 57.7% by 2033 from a 2021 base year and reducing absolute scope 3 GHG emissions by 32.5% by 2033 from a 2022 base year. Long-term targets include reducing absolute scope 1 and 2 GHG emissions by 90% by 2050 and scope 3 GHG emissions by 90% by 2050.
Oshkosh's strategy focuses on energy reduction, increased use of renewable energy, and value chain collaboration. The company has been recognized for its sustainability efforts, including being named one of USA Today's Climate Leaders 2024 and inclusion in the Dow Jones Sustainability World Index for five consecutive years.
Oshkosh (NYSE: OSK) ha annunciato che l'iniziativa Science Based Targets (SBTi) ha validato i suoi obiettivi di riduzione delle emissioni di gas serra (GHG) basati sulla scienza. L'azienda si impegna a obiettivi a breve termine che prevedono una riduzione del 57,7% delle emissioni assolute di GHG di ambito 1 e 2 entro il 2033 rispetto all'anno base 2021 e una riduzione del 32,5% delle emissioni assolute di GHG di ambito 3 entro il 2033 rispetto all'anno base 2022. Gli obiettivi a lungo termine includono una riduzione del 90% delle emissioni assolute di GHG di ambito 1 e 2 entro il 2050 e una riduzione del 90% delle emissioni di GHG di ambito 3 entro il 2050.
La strategia di Oshkosh si concentra sulla riduzione dell'energia, sull'uso crescente di energie rinnovabili e sulla collaborazione nella catena del valore. L'azienda è stata riconosciuta per i suoi sforzi in materia di sostenibilità, inclusa la nomina tra i Climate Leaders 2024 di USA Today e l'inclusione nel Dow Jones Sustainability World Index per cinque anni consecutivi.
Oshkosh (NYSE: OSK) ha anunciado que la iniciativa Science Based Targets (SBTi) ha validado sus objetivos de reducción de emisiones de gases de efecto invernadero (GHG) basados en la ciencia. La empresa se compromete a objetivos a corto plazo de reducir las emisiones absolutas de GHG de alcance 1 y 2 en un 57,7% para 2033 desde un año base de 2021 y reducir las emisiones absolutas de GHG de alcance 3 en un 32,5% para 2033 desde un año base de 2022. Los objetivos a largo plazo incluyen reducir las emisiones absolutas de GHG de alcance 1 y 2 en un 90% para 2050 y las emisiones de GHG de alcance 3 en un 90% para 2050.
La estrategia de Oshkosh se centra en la reducción de energía, el aumento del uso de energías renovables y la colaboración en la cadena de valor. La empresa ha sido reconocida por sus esfuerzos en sostenibilidad, incluyendo haber sido nombrada como uno de los Climate Leaders 2024 de USA Today y su inclusión en el Dow Jones Sustainability World Index durante cinco años consecutivos.
오시코쉬 (NYSE: OSK)는 과학 기반 목표 이니셔티브 (SBTi)가 과학 기반의 온실가스(GHG) 배출 감소 목표를 검증했다고 발표했습니다. 이 회사는 2021년을 기준으로 2033년까지 Scope 1과 2의 절대 GHG 배출량을 57.7% 줄이는 단기 목표와 2022년을 기준으로 Scope 3의 절대 GHG 배출량을 32.5% 줄이는 목표를 설정했습니다. 장기 목표로는 2050년까지 Scope 1과 2의 절대 GHG 배출량을 90% 줄이는 것과 Scope 3의 GHG 배출량을 90% 줄이는 것이 포함됩니다.
오시코쉬의 전략은 에너지 절약, 재생 가능 에너지 사용 증가 및 가치 사슬 협력에 중점을 두고 있습니다. 이 회사는 USA Today의 2024 기후 리더 중 하나로 선정되고, 5년 연속으로 다우존스 지속가능성 세계 지수에 포함되는 등 지속 가능성 노력으로 인정받았습니다.
Oshkosh (NYSE: OSK) a annoncé que l'initiative Science Based Targets (SBTi) a validé ses objectifs de réduction des émissions de gaz à effet de serre (GES) basés sur la science. L'entreprise s'engage à des objectifs à court terme consistant à réduire de 57,7 % les émissions absolues de GES de portée 1 et 2 d'ici 2033 par rapport à l'année de référence 2021 et à réduire de 32,5 % les émissions absolues de GES de portée 3 d'ici 2033 par rapport à l'année de référence 2022. Les objectifs à long terme incluent une réduction de 90 % des émissions absolues de GES de portée 1 et 2 d'ici 2050 et une réduction de 90 % des émissions de GES de portée 3 d'ici 2050.
La stratégie d'Oshkosh se concentre sur la réduction de l'énergie, l'augmentation de l'utilisation des énergies renouvelables et la collaboration dans la chaîne de valeur. L'entreprise a été reconnue pour ses efforts en matière de durabilité, notamment en étant nommée l'un des Climate Leaders 2024 de USA Today et en étant incluse dans le Dow Jones Sustainability World Index pendant cinq années consécutives.
Oshkosh (NYSE: OSK) hat angekündigt, dass die Science Based Targets Initiative (SBTi) ihre wissenschaftlich fundierten Ziele zur Reduzierung der Treibhausgasemissionen (GHG) validiert hat. Das Unternehmen verpflichtet sich zu kurzfristigen Zielen, die absoluten Scope-1- und Scope-2-GHG-Emissionen bis 2033 um 57,7 % im Vergleich zum Basisjahr 2021 zu reduzieren sowie die absoluten Scope-3-GHG-Emissionen bis 2033 um 32,5 % im Vergleich zum Basisjahr 2022 zu reduzieren. Langfristige Ziele umfassen eine Reduzierung der absoluten Scope-1- und Scope-2-GHG-Emissionen um 90 % bis 2050 und der Scope-3-GHG-Emissionen um 90 % bis 2050.
Die Strategie von Oshkosh konzentriert sich auf Energieeinsparung, den verstärkten Einsatz erneuerbarer Energien und die Zusammenarbeit in der Wertschöpfungskette. Das Unternehmen wurde für seine Nachhaltigkeitsbemühungen anerkannt, darunter die Ernennung zu einem der Climate Leaders 2024 von USA Today und die Aufnahme im Dow Jones Sustainability World Index für fünf aufeinanderfolgende Jahre.
- SBTi validation of science-based GHG emissions reduction targets
- Commitment to significant near-term and long-term emissions reductions
- Recognition as one of USA Today's Climate Leaders 2024
- Inclusion in the Dow Jones Sustainability World Index for five consecutive years
- Named one of America's Greenest Companies by Newsweek
- None.
Insights
Oshkosh 's commitment to science-based emission targets is a significant step towards addressing climate change in the industrial sector. The validation by SBTi adds credibility to their goals, which are ambitious yet achievable. The 57.7% reduction in scope 1 and 2 emissions by 2033 is particularly noteworthy, as it exceeds the typical targets set by many companies.
The focus on scope 3 emissions, which often account for the largest portion of a company's carbon footprint, demonstrates a comprehensive approach to sustainability. The 32.5% reduction target for scope 3 by 2033 will require significant collaboration with suppliers and customers, potentially driving industry-wide changes.
Oshkosh's strategy of energy reduction and increased use of renewable energy aligns with best practices in corporate sustainability. This approach not only reduces emissions but can also lead to long-term cost savings, enhancing the company's competitiveness in an increasingly carbon-conscious market.
From an investor's perspective, Oshkosh's commitment to science-based targets could have positive financial implications. While initial investments in sustainability initiatives may impact short-term costs, the long-term benefits could be substantial:
- Enhanced brand reputation and potential for increased market share among environmentally conscious customers
- Improved operational efficiency through energy reduction efforts, potentially leading to cost savings
- Reduced regulatory risks as governments worldwide tighten environmental regulations
- Increased attractiveness to ESG-focused investors, potentially broadening the company's investor base
The company's inclusion in the Dow Jones Sustainability World Index for five consecutive years and recognition as one of America's Greenest Companies by Newsweek further solidifies its position as a leader in sustainability, which could translate to a competitive advantage in contract bidding and talent acquisition.
Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, announced today that the Science Based Targets initiative (SBTi) has validated the company's science-based greenhouse gas (GHG) emissions reduction targets. These targets meet the rigorous criteria and recommendations set by SBTi, confirming
With the SBTi validation, Oshkosh Corporation commits to the following science-based targets:
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Near-term targets: reduce absolute scope 1 and 2 GHG emissions
57.7% by 2033 from a 2021 base year and reduce absolute scope 3 GHG emissions from purchased goods and services and use of sold products32.5% by 2033 from a 2022 base year. -
Long-term targets: reduce absolute scope 1 and 2 GHG emissions
90% by 2050 from a 2021 base year and reduce absolute scope 3 GHG emissions from purchased goods and services and use of sold products90% by 2050 from a 2022 base year.
“Oshkosh’s commitment to sustainability is at the core of how we operate and innovate,” said Kevin Tubbs, vice president and chief sustainability officer, Oshkosh Corporation. “By aligning our near-term and net-zero targets with the latest climate science, we are taking a significant step toward building a more sustainable future for our employees, customers and the communities we serve. SBTi’s validation of our reduction targets reflect our determination to reducing environmental impact, while consistently delivering groundbreaking solutions that shape a more sustainable future.”
The company’s strategy emphasizes energy reduction, increased use of renewable energy to power operations, and collaboration across the value chain to drive significant progress toward scope 3 GHG reduction.
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The Science Based Targets initiative is a corporate climate action organization that develops standards, tools, and guidance which allow companies to set GHG emissions reduction targets in line with what is needed to limit global temperature rise and reach net-zero by 2050.
Click here to watch Oshkosh Corporation's video announcement on the approval of its science-based targets.
To learn more about Oshkosh Corporation and its commitment to environmental, social and corporate governance please visit Oshkoshcorp.com.
About Oshkosh Corporation
At
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