SBTi Approves CAREL’s Greenhouse Gas Emission Reduction Targets

CAREL's near-term greenhouse gas (GHG) emission reduction targets have been approved by the Science Based Targets initiative (SBTi). This recognition aligns CAREL’s sustainability strategy with the goal of limiting global warming to 1.5°C.

The approved targets include a 54.6% reduction in Scope 1 and Scope 2 emissions and a 32.5% reduction in Scope 3 emissions, both measured from a 2023 baseline and set to be achieved by 2033. To meet these targets, CAREL plans to use renewable energy through self-production and green electricity purchases, invest in electrification to replace natural gas, and work with its supply chain to lower energy consumption and emissions.

SBTi is a global initiative that supports corporate climate action by providing standards and validation for emission reduction targets. It collaborates with organizations such as the CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).

Francesco Nalini, CAREL Group CEO, and Carlotta Rossi Luciani, a Board of Directors member responsible for ESG, stated: “We are extremely proud that CAREL has obtained SBTi approval for its short-term decarbonization targets. This achievement is the result of years of investments and the constant commitment of a dedicated team, determinedly focused on executing a decarbonization plan aimed at reducing environmental impact and pursuing a responsible energy transition. CAREL is ready to do its part in building a greener and more sustainable future, for us and for future generations.”