SBTi approves Cary Group’s science-based emission reduction targets
Cary Group’s targets for reducing greenhouse gas (GHG) emissions have now been verified by the Science Based Targets initiative (SBTi) as aligned with the latest climate science and consistent with the goals of the Paris Agreement. Cary Group committed to set targets in line with SBTI’s criteria in May 2022 and submitted the new targets for validation in October 2023.
“We are very pleased that our emission reduction targets have now been validated by SBTi, and we look forward to continuing offer our customers smarter solutions for sustainable car care. With a strong focus on circularity and repairing instead of replacing windshields, when possible, our journey now accelerates. Our climate impact will continue to reduce by increasing the share of renewable energy, operate with sustainable transportation, and work towards a sustainable supply chain”, says Anders Jensen, CEO of Cary Group.
With the new targets Cary Group has committed to reduce CO2e emissions from scope 1 & 2 by 42% in line with the 1.5°C scenario from 2022 to 2030. For Scope 3, emissions should be reduced in relation to gross profit by 52% by 2030, compared to the base year 2022. The Scope 3 target includes purchased goods and services, fuel and energy, transportation and distribution and waste generated in operations.
The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It is focused on accelerating companies across the world to halve emissions before 2030.
As a part of our reduction road map to reach our SBTs, Cary Group will from 2024 and onward continue to climate compensate for its own operations (Scope 1 and 2), but for the value chain emissions (Scope 3), instead implement internal carbon pricing (ICP) to accelerate the emission reduction.
For further information, please contact:
Helene Gustafsson, Head of Corporate Communication, Cary Group
Tel: +46 70 868 40 50
Email: Helene.gustafsson@carygroup.com
About Cary Group
Cary Group specialises in sustainable solutions for vehicle glass repair and replacement, with a complementary offering in vehicle damage repair. With good accessibility, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. We call it Smarter solutions for sustainable car care. For more information, please visit www.carygroup.com.
