Atlas Copco Sets Science-Based Targets to Cut Greenhouse Gas Emissions

By Dominic Chopping

STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said Friday that it has set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.

The company said it aims to reduce emissions from its own operations in line with keeping the global temperature rise below 1.5 degrees Celsius, and to reduce emissions from the value chain in line with keeping well below a 2 degree Celsius temperature rise.

The goals are validated by the Science-Based Targets initiative, it added.

"We are significantly raising our climate ambitions by setting absolute reduction goals for the entire value chain," said Chief Executive Mats Rahmstrom.

"The absolute majority of our impact comes from the use of our products and this is where we can make the most impact. We will continue to develop energy-efficient solutions that enable customers all over the world to lower their greenhouse gas emissions."

Atlas Copco's targets will be implemented from 2022, it said.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

October 29, 2021 06:24 ET (10:24 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.