Huhtamaki recognized as a Climate Leader for three consecutive years - Huhtamaki
Huhtamaki recognized as a Climate Leader for three consecutive years
Huhtamaki has achieved recognition as a Climate Leader in Europe, a commendation bestowed by the esteemed Financial Times. This prestigious acknowledgment is reserved for top-tier European companies with revenues exceeding €40 million, selected from a pool of nominees. The selection criteria are stringent, focusing on companies that have significantly reduced their Scope 1 and 2 emissions intensity between 2017 and 2022.
Our inclusion in the list was propelled by the validation of our climate targets by the Science Based Targets initiative (SBTi) and our CDP Climate score. Notably, achieving a CDP Climate score of at least B- is mandatory for inclusion, a threshold that we surpassed with our B rating.
Huhtamaki's commitment to emissions reduction has been continuous. We are proud to have earned a score of 63.8 points from Financial Times, reflecting a 9.5% decrease in emissions intensity overall between 2017 and 2022, and an 8.9% reduction in core emissions during the same period. Maintaining our B rating from CDP over the past three years, despite increasingly stringent criteria, underscores our dedication to sustainability.
Our global ranking is a testament to our ongoing commitment to sustainability. However, it also serves as a reminder that our journey towards climate leadership is ongoing. During the past few years, we have focused on further reducing our emissions through Virtual Power Purchase Agreements and other renewable electricity projects. We remain committed to reducing our Scope 1 and 2 emissions through additional renewable electricity projects.
To read more about the list, please visit the FT website.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”