Print OEM Lexmark has said the Science Based Target Initiative (SBTi) has validated its corporate greenhouse gas (GHG) emissions reduction target.
SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute and the WWF. It defines and promotes best practices in emissions reductions and net zero targets in line with climate science and has become the de facto standard for businesses to set credible goals.
In its SBTi submission, Lexmark is committed to meeting three objectives by 2030:
- reducing absolute Scope 1 GHG emissions by 27.5% by 2030 from a 2019 base year
- increasing annual sourcing of renewable electricity from 0% in 2019 to 100% by 2030
- reducing absolute Scope 3 GHG emissions from the use of sold products by 22% per printer sold by 2030
The company has confirmed it is in conformance with the SBTi’s Criteria and Recommendations (version 4.2).
Lexmark has also highlighted its EcoVadis Platinum rating in the EMEA region and being named an Energy Star partner by the US Environmental Protection Agency. More details can be found here.
Lexington (KY), USA