ABB's 2030 and 2050 Targets Approved by SBTi

ABB has announced the approval of its emissions reduction targets by the Science Based Targets initiative (SBTi). The company submitted updated scope 1, 2, and 3 targets for 2030 and 2050 as part of its sustainability efforts. This approval indicates ABB's alignment with science-based approaches consistent with the Paris Agreement.

SBTi has approved the following targets: by 2030 ABB aims to reduce absolute Scope 1 and 2 CO2e emissions by 80% from a 2019 baseline and absolute Scope 3 emissions by 25% from a 2022 baseline. By 2050, the company plans to achieve a 100% reduction in Scope 1 and 2 emissions compared to 2019 levels, a 90% reduction in Scope 3 emissions from 2022 levels and reach net-zero greenhouse gas emissions across its value chain.

“As a technology leader in electrification and automation, ABB is at the core of accelerating the energy transition. We are committed to reduce our scope 1 and 2 emissions by 80 percent by 2030 and 100 percent by 2050 and have already achieved a 76 percent reduction versus our 2019 baseline.” said Anke Hampel, Group Head of Sustainability at ABB.

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