We take responsibility for the environmental, social and societal impact of our actions and are committed to sustainable development. In spring 2023, we submitted our reduction targets to the Science Based Targets initiative, which have now been validated.
Reduction of greenhouse gas emissions across the value chain
Ypsomed is committed to a science-based carbon emissions reduction pathway in accordance with the Science Based Targets initiative (SBTi). We signed an SBTi declaration of intent in May 2021. To implement our climate goals, we defined concrete short- and long-term CO2 reduction targets across the entire value chain in the year 2022. Our primary focus here is on reducing greenhouse gas (GHG) emissions substantially by 2030 and 2040. In spring 2023, we submitted our reduction targets for Scope 1 to 3 emissions to the SBTi. At the end of 2023 the climate targets of our NetZero program have been successfully validated by the Science Based Targets initiative.
Our climate targets according to SBTi
Short-term, long-term and net zero targets all start from the base year 2020.
Short-term targets
- Reducing absolute GHG emissions from Scopes 1 and 2 by 32 % by 2027
- Reducing Scope 3 emissions by 52 % per million CHF of value added by 2030
Long-term targets
- Reducing absolute GHG emissions from Scopes 1 and 2 by 90 % by 2030
- Reducing Scope 3 emissions by 97 % per million CHF of value added by 2040
Net zero target by 2040
Achieving net zero greenhouse gas emissions across the entire value chain by 2040.
The SBTi validation of our reduction targets is an important milestone on our ambitious journey towards net zero greenhouse gas emissions”, says Sabine Huber, Manager Corporate Sustainability at Ypsomed. “We invite our stakeholders, such as customers and suppliers, to boldly lead the way together with us. Contributing to a better future for all of us is very important to Ypsomed.
We are thus taking on a pioneering role and making our contribution to the Paris Climate Agreement, according to which global warming must be limited to a maximum of 1.5 °C. We take on the challenge and are engaged to make our contribution.
Paving the way for substantial reduction of emissions
Our commitment to the net zero target means that we must quickly and substantially reduce our greenhouse gas emissions by 2040. Only a significant reduction makes us and our CO2 reduction targets credible and meets the requirements of our customers and stakeholders. To achieve this goal, we are pursuing a comprehensive and collaborative climate programme, our NetZero Program.
