Danfoss’ climate targets receive approval for its climate targets from SBTi 

By OEM Update Editorial July 21, 2022 4:09 pm IST

Science Based Targets initiative (SBTi) has validated that the corporate greenhouse gas (GHG) emissions reduction targets submitted by Danfoss A/S are in conformance with the SBTi Criteria and Recommendations.

Danfoss announced that its science-based target has been approved by the Science Based Targets initiative (SBTi). The Science Based Targets initiative (SBTi) has validated that the corporate greenhouse gas (GHG) emissions reduction targets submitted by Danfoss A/S are in conformance with the SBTi Criteria and Recommendations (version 4.2).  The science-based target provides a clearly defined pathway for companies to reduce GHG emissions in line with the goals of the Paris Agreement and help to prevent the worst impacts of climate change.

The SBTi’s Target Validation Team has determined that Danfoss’ scope 1 and 2 target ambition is in line with limiting warming to 1.5°C. As part of the science-based target, Danfoss will reduce absolute scope 1 and 2 GHG emissions by at least 46.2% by 2030 from a 2019 base year. In addition, Danfoss has committed to being carbon neutral in scope 1 and 2 emissions by 2030. Danfoss will reduce absolute scope 3 GHG emissions by 15% in the same time frame.

Danfoss President and CEO Kim Fausing said, “We have built a strong foundation to achieve our science-based target, an important pillar of Danfoss’ new 2030 ESG ambition. Our science-based target expands our GHG emissions reduction goals beyond our own business, across the entire value chain. It reflects our continued dedication to taking action on climate change and becoming the preferred decarbonization partner to our suppliers and customers.”

Ravichandran Purushothaman, President – Danfoss India Region said, ”In tandem with its 2030 ESG goals, Danfoss is committed to achieving new heights for energy efficient power and climate change solutions. Through the Science-Based Target initiative (SBTi), we aim to help transform India into one of the most energy-efficient countries in the world. Our integrated energy efficient systems are helping cut down on consumption, reduce carbon footprint and more importantly creating a better tomorrow. Danfoss believes that these initiatives will accelerate India’s decarbonization and Green Transition exponentially.

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Danfoss engineers’ solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.  Its solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.