Apr 19, 2023
Formica Group Focuses On Reducing CO2 Emissions
The Formica Group’s goal is a 50 per cent reduction in CO2 emissions by 2026 through a 25 per cent reduction target and a 25 per cent offset through the purchase of carbon credits. Its second report on its path to carbon neutrality by 2030 ‒ ‘Materializing Sustainability’ ‒ says by 2026, in addition to a 25 per cent reduction in greenhouse gas emissions, the company aims to reduce its primary (fossil) energy demand by 10 per cent and its water footprint by five per cent. The company is focusing on the part of the life cycle that begins and ends at the factory – the stages over which it can exert control and influence – to set clear and measurable objectives. It says the urgent global warming imperatives require it to make CO2 emission reduction its top priority for the coming years. Formica is, therefore, focusing on projects able to reduce the 110,263 tonnes of CO2 emissions its product manufacturing generates. The company believes that reducing its overall environmental footprint is essential to ensure its sustainability and the environment’s future. Therefore, sustainability is integral to the company's philosophy based on three pillars: do no harm, do good, and do better.
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