The Science Based Targets Initiative has confirmed PORR's commitment to science-based climate targets. As part of the initiative, PORR will submit concrete climate targets that will help limit global warming.
With its commitment to the Science Based Targets Initiative (SBTi), PORR has reached an important milestone in its sustainability strategy. Specifically, it is committed to submitting scientifically based climate targets for short-term emission reductions by 2030 within 48 months. The targets provide for a reduction of 43% for Scope 1 and Scope 2 and 25% for Scope 3. The basis for this is defined and measurable measures along the entire value chain, the implementation of which is possible by 2030 from today's perspective. PORR's commitment has now been officially confirmed by the SBTi.
With this step, PORR is reaffirming its commitment to implementing science-based climate targets that are in line with the Paris Climate Agreement. In doing so, it aims to contribute to limiting warming to a maximum of 1.5 °C above pre-industrial levels. To achieve this, global greenhouse gas emissions would have to be halved by 2030 and reduced to net zero by 2050. The construction industry, as an emissions-intensive sector, plays a crucial role in this.
Decarbonization in Close Cooperation
PORR CEO Karl-Heinz Strauss (pictured) says, "Global decarbonization will only succeed if we work together; by taking effective steps that are transparent and comprehensible. This transparency is already firmly anchored in PORR's Green and Lean strategy. By committing to the SBTi, PORR is sending a clear signal for a sustainable future and invites partners, customers and suppliers to follow this path together."
The SBTi is a globally recognized initiative that supports companies and financial institutions in developing and implementing sound climate targets. It was founded in cooperation between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). In Europe, around 10,000 companies have so far committed to the science-based targets, including 82 Austrian companies.
