Össur announced that the company`s emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). The Iceland-based company committed to SBTi in May 2022, submitted its reduction targets and documentation for validation in June 2023, and received verification on January 30.
Össur says it has committed to reducing absolute scope one and two greenhouse gas emissions by 79 percent by 2030 from a 2019 base year. Össur has also committed to reducing absolute scope three greenhouse gas emissions from purchased goods and services, fuel and energy-related activities, upstream and downstream transportation and distribution by 25 percent by 2030, from a 2021 base year.
In its ambition to become net-zero by 2050, Össur has also committed to reducing absolute scope one and two greenhouse gas emissions by 90 percent by 2050, from a 2019 base year and to reduce absolute scope three emissions by 90 percent by 2050 from a 2021 base year.
“Sustainability is embedded into our strategy and throughout our organization. Having our emissions reduction targets validated by the SBTi is a significant milestone and confirms the diligent work we are doing to minimize our environmental impact,” said Sveinn Sölvason, Össur president and CEO. “While the task at hand is a challenging one, we are committed to doing our utmost to reach both our near term and net-zero targets. When it comes to the whole value chain, we cannot do it alone, and society as a whole must acknowledge and collaborate on initiatives that will reduce global emissions.”
These near-term (2030) and net-zero (2050) targets provide the company a clear guidance on where to prioritize efforts that support climate action, and are in line with what climate science deems necessary to limit global warming to 1.5 degrees C. Reflecting continuous progress on climate initiatives, Össur recently received a B score from global environmental nonprofit CDP, for its disclosures on climate change. This score is an improvement from the previous year and above the C average score for medical device companies.
Read more about how Össur addresses its climate impact and other sustainability metrics in the Össur 2023 annual report.
