EXECUTIVE INSIGHT
“ We are particularly driven to avoid emissions – any emission that is not happening is the best emission we can think of ”
Each contribute to these sustainability efforts .
Q . HOW IS ABB APPROACHING THE REDUCTION OF ITS SCOPE 3 EMISSIONS ACROSS ITS VALUE CHAIN AND WHAT INNOVATIONS OR COLLABORATIONS ARE HELPING DRIVE PROGRESS IN THIS AREA ?
» ABB ’ s ambitious sustainability goals include a commitment to reduce its Scope 3 emissions by 90 % by 2050 , with 2022 as the baseline . This target was validated in 2023 , earning the company recognition including a CDP ‘ A ’ status , placing it among the top 10 % of companies submitting to the Carbon Disclosure Project . ABB has also been awarded triple-A status by MSCI ESG for its renewed goals and progress .
96 % of ABB ’ s value chain emissions actually come from the use of sold products , so-called Category 11 of Scope 3 . To tackle this we are driving business with our customers to decarbonise , to optimise and to electrify .
Q . IN YOUR OPINION , HOW SHOULD THE CURRENT METHODOLOGIES FOR REPORTING AND ASSESSING CORPORATE EMISSIONS EVOLVE TO CREATE MORE ACCURATE , TRANSPARENT AND ACTIONABLE DATA ?
» There are lots of things in reporting that aren ’ t perfect – the greenhouse gas protocol , which is the standard we have today , is 13 years old . In the US , 73 % of companies have made a commitment to reduce their emissions . Despite all the discussions we are seeing , only 43 % actually have science-based targets and have near term targets that are defined and validated .
Integrity and transparency are essential for ABB . We use the lifetime that we are promoting to our customers
24 November 2024