Nexans' net-zero commitment approved by SBTi

Nexans, a company specializing in electrification and cables, has secured official approval from the Science Based Targets initiative (SBTi) for its net-zero emissions commitment. This validation confirms the company's emission reduction plans align with the goals of the Paris Agreement.

As one of the largest companies in the electrification sector, Nexans has had both its near-term and long-term targets validated by SBTi. The company commits to reducing its absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by 2030, using 2019 as a baseline year. Additionally, Nexans aims to reduce its Scope 3 value chain emissions by 30% within the same timeframe.

For its long-term goals, Nexans targets a 90% reduction in both Scope 1 and 2 emissions, as well as Scope 3 emissions, by 2050, compared to the 2019 baseline. Achieving these interim and long-term targets will steer the company towards its net-zero emissions objective by 2050.

Nexans plans to achieve these targets by optimizing plant operations, enhancing energy efficiency, and increasing its use of renewable energy sources. The company is also focused on developing low-carbon products and solutions and is collaborating with its suppliers to reduce emissions throughout its entire value chain.

The SBTi approval signifies Nexans' dedication to sustainability and its concrete actions to combat climate change, positioning the company to lead the electrification industry toward more sustainable solutions.