EQS-News: Andritz AG / Key word(s): ESG/Miscellaneous
SBTi approves ANDRITZ’s ambitious climate targets
19.06.2025 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
GRAZ, JUNE 19, 2025. International technology group ANDRITZ has reached a
significant milestone in its climate action journey. The Science Based
Targets initiative (SBTi) has officially approved the company’s near-term
climate targets. This validation confirms that ANDRITZ’s decarbonization
plans are aligned with the goals of the Paris Agreement and grounded in
the latest climate science.
Targets at a glance
ANDRITZ commits to:
• Reducing absolute scope 1 and 2 greenhouse gas (GHG) emissions by 42%
by 2030^(from a 2023 base year). This includes emissions generated
directly by the company as well as emissions from purchased
electricity and heat from suppliers.
• Reducing absolute scope 3 greenhouse gas emissions by 25% over the
same period. These include, among others, emissions from the energy
consumed by machinery and systems delivered by ANDRITZ during their
lifetime operation. These emissions account for a significant portion
of the company's total emissions.
ANDRITZ targets aligned with most stringent standard
The SBTi confirmed that ANDRITZ’s scope 1 and 2 target aligns with the
1.5°C trajectory, the most stringent standard currently recognized by the
initiative. This classification confirms that ANDRITZ's climate action
plans meet international best practice and are consistent with the latest
climate science.
SBTi approval reinforces ANDRITZ’s role in industrial decarbonization
“We are very pleased with the SBTi’s approval. As a technology company,
we recognize our responsibility in advancing the green transition both by
supporting our customers with innovative solutions and by reducing our own
emissions. This recognition confirms that we are taking the right steps,
guided by climate science," said ANDRITZ CEO Joachim Schönbeck.
The Science Based Targets initiative (SBTi) is a global partnership
between CDP, the United Nations Global Compact, World Resources Institute
(WRI), and WWF. It helps companies set science-based emissions reduction
targets in line with the Paris Agreement.
ANDRITZ’s approved targets are published on the SBTi website:
https://sciencebasedtargets.org/
– End –
FOR FURTHER INFORMATION, PLEASE CONTACT
Niklas Jelinek
Media Relations
(1)niklas.jelinek@andritz.com
(2)andritz.com
ANDRITZ GROUP
International technology group ANDRITZ provides advanced plants,
equipment, services, and digital solutions for a wide range of industries,
including pulp and paper, metals, hydropower, environmental, and others.
Founded in 1852 and headquartered in Austria, the publicly listed group
employs about 30,000 people at 280 locations in over 80 countries.
As a global leader in technology and innovation, ANDRITZ is committed to
fostering progress that benefits customers, partners, employees, society,
and the environment. The company’s growth is driven by sustainable
solutions enabling the green transition, advanced digitalization for
highest industrial performance, and comprehensive services that maximize
the value of customers’ plants over their entire life cycle. ANDRITZ. FOR
GROWTH THAT MATTERS.
══════════════════════════════════════════════════════════════════════════
19.06.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2157234
End of News EQS News Service
2157234 19.06.2025 CET/CEST
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2157234&application_name=news&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf
References
Visible links
1. mailto:niklas.jelinek@andritz.com
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c4f006ff249d8b5cd67063508605c06f&application_id=2157234&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
OTS original text press release with the exclusive in terms of content of the sender – www.ots.at |