What we’re doing to help build a sustainable future
Ambitious Science Based Targets
What are Greenhouse Gas Emissions and the different Scopes?
How will we achieve our Science Based Targets?
0%renewable electricity for all sites globally by 2023
0%of supply chain emissions targeted for alignment to Scope 1 & 2, 1.5C SBTi target by 2025
0%electric vehicles in company fleet by 2025 and 75% by 2030
0%switch to renewable gas by 2030
What are Colt’s baseline emissions?
|2019 (base year)|
|Gross direct (Scope 1) GHG emissions in metric tons of CO2e||4,459|
|Gross indirect (Scope 2) GHG emissions in metric tons of CO2e (market-based)||32,146|
|Gross Indirect (Scope 3) emissions in metric tons of CO2e||602,960|
|Total emissions in metric tons of CO2e (market-based)||639,565|
Our 2030 aims
How will we reduce Scope 3 emissions?
We are already in the decade which will define the global response to the ever-increasing threat of climate change. It is important to Colt that we set robust, long term targets firmly rooted in science to enable us to help mitigate the risk this has to humanity and the planet. The Science-Based Targets Initiative is recognised globally as the best authority in this space.
The long-term nature of science-based targets ensures that we have a clear direction for our business as well as shifting our focus towards the development of innovative solutions and new opportunities to support the transition to a low carbon economy. We also want to build in resilience to our operations by moving beyond current regulation.
This is the future of business and our customers can rest assured that by working with Colt, we will not have a significant impact on their carbon footprint as we work hard to drive down emissions across our entire value chain. We must all act together for the greater good of our planet.
Adopted in 2015, the Paris Agreement is the first-ever legally-binding climate change agreement.
It sets out a global framework to avoid dangerous climate change. Countries who signed this agreement pledged to limit global warming to well below 2 degrees, and to aim to limit the increase to 1.5 degrees as this lower temperature increase will significantly reduce the risks and impacts of climate change.