The international Science-Based Targets initiative (SBTi) has validated Glaston’s carbon dioxide emissions reduction targets for its own operations (Scope 1 and 2) and for the value chain (Scope 3). SBTi encourages companies to implement climate measures in line with the Paris Agreement’s emissions reduction targets, i.e. to limit global warming to 1.5 degrees Celsius.
Glaston is one of the first glass processing technology companies in the world to have received validation from the SBTi for its greenhouse gas emissions reduction targets. The company is committed to reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 50.4 percent by FY2032 from a FY2022 base year. Glaston is also committed to reducing the Scope 3 greenhouse gas emissions generated in its value chain by 58.1 percent per square metre of sold glass processing capacity within the same target period.
Scope 1 and 2 emissions from Glaston’s own operations form a very small fraction of the company’s total emissions. In order to achieve the emissions reduction targets for its own operations, Glaston intends to phase out the use of natural gas and other fossil energy sources and to continue to increase significantly the proportion of renewable energy.
The majority, around 99 percent, of all emissions associated with Glaston’s activities are generated in the company’s value chain (Scope 3). The most significant sources of emissions are the electricity consumed during the life cycle of the machines sold by Glaston (2023: 81 percent ) and purchased products and services (2023: 17 percent ). To achieve the Scope 3 target, Glaston must continue to develop its operating processes and products in cooperation with subcontractors, goods suppliers and customers.
In 2023, Glaston’s total emissions were 323,883 tonnes of CO2 equivalent, of which the Scope 1 and 2 emissions were 1,283 tonnes of CO2 equivalent and the Scope 3 emissions were 322,644 tonnes of CO2 equivalent.