Since 2024, ABENA has been working to join the Science Based Targets initiative (SBTi). SBTi is a global framework that helps companies set climate goals aligned with the latest climate science and the Paris Agreement. As a result, ABENA will replace previous climate targets and broaden our scope to include more categories where we can reduce emissions.
“We are raising the bar to match the urgency of the climate challenge”, says Jens-Peter Poulsen, CEO of the ABENA Group. “By widening our scope and setting new science-based goals, we will deliver measurable reductions across our value chain and hold ourselves accountable to international climate standards”.
Expanding scope to cut more emission reductions
Following a thorough review of our value chain, ABENA will phase out the climate targets set in 2019. While the new targets are pending final approval by the SBTi, they place greater emphasis on reducing Scope 3 emissions. Scope 3 emissions are indirect emissions across the value chain, from purchased goods and transport to product use and end-of-life.
“We are aligning ambition with action, and the work is already underway. Our new targets will go beyond our previous approach with a stronger focus on reducing Scope 3 emissions, where the impact is greatest”, says Jens-Peter Poulsen.
New baseline for measuring progress
ABENA’s new climate targets are expected to be approved by SBTi by the end of 2025. A new baseline has been established and will be presented in the ESG Report 2024/2025. Future progress will be measured annually against these results.
“This year’s ESG report is our new starting line. From here on, we will report against this baseline – transparently and consistently”, says Jens-Peter Poulsen.