The Weir Group PLC (Weir), a global mining technology leader, confirms that the new, more ambitious emissions reduction targets announced in July 2022 have been approved by the Science Based Targets initiative (SBTi). The targets cover greenhouse gas (GHG) emissions from Weir’s operations (scope 1&2) and value chains (scope 3).
The SBTi approved near-term science-based emissions reduction targets are to: Reduce absolute scope 1&2 GHG emissions by 30% by 2030 from a 2019 base year. Reduce absolute scope 3 GHG emissions from the use of sold products by 15% within the same timeframe.
The company has a responsibility to minimise carbon emissions to help protect the future of the planet, aligned with the purpose to enable the sustainable and efficient delivery of the natural resources essential to create a better future for the world.
It has made good progress towards the targets, having reduced the scope 1&2 GHG emissions by a cumulative 17% since 2019. In the broader value chain, the overwhelming majority, 97%, of Weir Group’s scope 1,2 & 3 combined footprint is attributable to the use phase of the long-lifespan products and solutions on the customers’ sites. These are, in turn, the customers’ scope 1&2 emissions so it has a compelling shared goal to reduce that footprint, and the latest technologies are already offering customers energy savings of up to 40%.
