The need for action on climate change is becoming ever more urgent. The hottest years on record have all occurred since 1998 and they are increasing in frequency. At the same time, overuse of the earth’s resources and environmental degradation are jeopardizing the health and future prospects of huge numbers of people around the world.
Over the coming decades, the pressure on our environment will only increase: today’s global population of 7.8 billion is expected to expand to 9.7 billion by 2050 (UN). Some 80 percent of people will live in cities, placing enormous burdens on already stretched water, food, energy and transport systems.
With our 2030 sustainability strategy, we are actively enabling a low-carbon society as well as working with our customers and suppliers to implement sustainable practices across our value chain and the lifecycle of our products and solutions. We are equally committed to driving social progress, along with our suppliers and in our communities.
Our sustainability focus is part of ABB’s commitment to responsible business practices, which are at the center of our comprehensive governance framework, based on integrity and transparency. Our framework is underpinned by our five integrity principles in our Code of Conduct, which guides our employees and suppliers to do the right thing and contains a commitment against retaliation.
A key part of our 2030 sustainability strategy is to support our customers and suppliers to reduce their emissions and achieve carbon neutrality in our own operations. Our greenhouse gas emissions reduction targets have been validated by the Science Based Targets initiative as being in line with the 1.5°C scenario of the Paris Agreement.
To ensure that we are focused on achieving our goals, our sustainability targets are integrated into our decision-making processes and we have accountabilities and incentive plans in place to drive action.
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1 We have currently identified areas where we can reduce our scope 1 and 2 CO2 emissions by at least 80 percent and we continuously work on opportunities to do more.