Climate science findings show that the Paris Agreement target of limiting global warming to 1.5°C can only be achieved if carbon dioxide emissions are stopped and ‘zeroed’, since reduction alone is not enough. ‘Zero’ in this context means that all emissions released into the atmosphere by human activities need to be offset by removing or sequestering an equivalent amount of carbon dioxide or other greenhouse gases. This needs to happen globally and as soon as possible, but at the latest by the middle of the century.

Businesses, countries, regions and cities are being called upon to set ambitious net-zero targets and make faster progress than planned. Net zero means reaching a point where activities throughout the value chain do not have a net effect on the climate resulting from greenhouse gases. It’s a huge challenge, yet one that cannot - and must not - be tackled alone.

The ‘Race to Zero’ global campaign, backed by the United Nations, is the largest coalition of non-state actors to date, including companies, cities, regions and financial and educational institutions. Over 14,000 members are committed to take rigorous and immediate action to halve emissions by 2030 and achieve net zero by 2050 at the latest.

We too have committed ourselves to this important initiative and have set ambitious targets in our climate strategy based on the Science Based Target Initiative: By 2030, directly attributable emissions, such as those from the company fleet and company infrastructure, as well as any indirect CO2 emissions, such as those from purchased goods and services, upstream and downstream logistics, fuel and energy or waste disposal, are to be reduced by 42% compared to the base year of 2022. By 2050 we are also aiming to cut CO2 emissions by at least 90 % compared to the base year of 2022 and achieve net-zero emissions status.

This involves company-wide commitment, dedicated teams, ambitious plans, proper implementation of measures as well as regular checks and flexible adjustments to achieve our targets. Joining the SME ClimateHub is further evidence of how seriously we are committed. As part of this, we have publicly announced our participation in the Race to Zero campaign and are publishing reports on our targets.

By taking action and implementing targeted measures to protect the climate, we can help to create a more sustainable and fairer future for everyone. Because we want to protect what we love – both for us and for future generations to enjoy.