Stena Recycling joins Science Based Targets

2021-01-28

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Stena Recycling is now taking the next step to reduce its climate impact, in accordance with the Paris Agreement. The aim is for Sweden’s leading recycling company to be climate neutral by 2030. Stena Recycling has now joined the Science Based Targets initiative to ensure relevant, concrete and transparent goals.

“Around the world, we are facing the major challenge of limiting global warming. We must all take responsibility and do everything we can to run our businesses without negatively affecting the climate. As Sweden’s leading recycling company, it is, therefore, a natural step to join the global initiative for Science Based Targets”, says Malin Baltzar, Sustainability Manager at Stena Recycling.

Setting incisive climate goals is nothing new for Stena Recycling. The company’s previous goal of reducing its carbon dioxide emissions by 40 percent, between 2008 and 2020, was achieved by a good margin. Emissions were reduced by 55 percent through consistent work and the implementation of numerous measures throughout the business.

“We are working on our own climate impact, as a matter of course, in pursuit of our vision to create a sustainable tomorrow. The goal of becoming climate neutral by 2030 is not new; it was established a few years ago. We are now taking it a step further by joining the international initiative that many of our customers work within. We will all be working on a common platform, which I am convinced will strengthen us and create synergies that lead to positive working results”, says Fredrik Pettersson, CEO of Stena Recycling AB.

Stena Recycling has a high level of ambition for its work within the initiative and will set targets that contribute to limiting global warming to 1.5 degrees. Limiting global warming to below 2 degrees and striving to keep it at 1.5 degrees is in accord with the Paris Agreement, as agreed by countries around the world.

“We are now committed to following the mandate of the Science Based Targets initiative. Our next step will be to prepare more detailed plans and objectives and have them approved by the initiative’s reviewers. We will work actively to have our goals approved as soon as possible”, says Malin Baltzar.

Facts

The Science Based Targets initiative is a global organization that aims to help and support companies set climate goals. These goals must be relevant and contribute to limiting global warming to 1.5 degrees, compared to pre-industrial levels, according to current scientific opinion. Joining the SBTi provides opportunities to support, engage and share best working practices concerning climate impact. An important aim of the initiative is to publicize the work done within its affiliated companies and inspire others to pursue similar efforts. The SBTi is a globally-known initiative, which several large Swedish companies are already affiliated to. www.sciencebasedtargets.org

Stena Recycling is Sweden’s leading recycling company and a sustainable partner in developing sustainable circular solutions in all types of operations. With 1,600 committed employees and 90 facilities across the country, Stena Recycling creates long-term solutions every day, for both customers and society as a whole. Stena Recycling also has operations in Denmark, Norway, Finland, Poland, Italy, and Germany. The Group also includes the subsidiary, BatteryLoop, which uses recycled batteries from electric vehicles for energy storage. Stena Recycling is part of the Stena Metall Group. www.stenarecycling.se

For more information, please contact:
Malin Baltzar, Head of Sustainability, Stena Recycling AB
E-mail: malin.baltzar@stenarecycling.se
Phone: +46 (0)10-4457219

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