Hanon Systems Sets Bold Climate Goals With SBTi Approval For Net-Zero Target By 2050

T Murrali
12 Nov 2024
01:04 PM
2 Min Read

With these initiatives, the company is positioning itself not only as a leader in thermal management for electrified mobility but as a proactive force in the global push for sustainable business practices.


Hanon

Hanon Systems, a global leader in automotive thermal management solutions for electrified mobility, has announced the Science Based Targets initiative (SBTi) approval of its ambitious greenhouse gas (GHG) reduction goals, which include near-term targets for 2030 and a net-zero target by 2050.

With SBTi validation, the company aims to reducing its absolute scope 1 and 2 GHG emissions by 50%, and scope 3 emissions from purchased goods and services by 55% per tonne of raw material by 2030, based on a 2019 baseline.

By 2040, the company aims to achieve carbon neutrality, targeting a 90% reduction in absolute scope 1, 2, and 3 emissions. Its ultimate goal is to reach net-zero emissions across the value chain by 2050.

“We are proud that our science-based emissions targets have been officially approved. This milestone underscores our commitment to the Paris Agreement,” said Nurdal Kücükkaya, President and Co-CEO of Hanon Systems. 'Our carbon-neutral strategy aligns with the 1.5°C target, as validated through SBTi’s rigorous process.”

To support these targets, Hanon Systems has implemented a detailed action plan, including increased use of renewable energy sources, environmentally friendly product designs, and innovations in thermal management technology. Co-CEO Subu Nagasubramony noted, “We remain dedicated to reducing our carbon footprint and advancing low-carbon product solutions, reinforcing our commitment to combat climate change.”

Hanon

Since 2021, Hanon Systems’ Carbon Neutral Office has led cross-functional teams focused on energy efficiency, renewable energy initiatives, customer engagement, and supply chain partnerships for sourcing low-carbon materials. The company’s multi-faceted approach includes installing renewable energy systems, signing power purchase agreements, and developing low-carbon variants of existing products.

With SBTi approval, Hanon Systems is positioned to make substantial progress in aligning its operations with global climate goals, showcasing its dedication to sustainability and innovation in the automotive sector.

Human Resources, Supply Chain, Social Impact

In the Sustainability Report 2023, Kücükkaya and Nagasubramony highlighted the company's broader commitment to sustainable practices. These efforts span from human resources development and employee welfare to safeguarding human rights and engaging in impactful social initiatives. As part of its mission, Hanon Systems has also implemented inaugural supplier sustainability and carbon footprint assessments, strengthening sustainable practices throughout its entire supply chain.

The leaders noted that these initiatives are already producing tangible outcomes. Reflecting the company’s commitment, Hanon Systems earned a place in S&P Global’s Sustainability Yearbook for the first time in 2024 and joined the prestigious FTSE4Good Index Series, demonstrating its advancements in sustainability metrics and global recognition for its efforts.

“Under our leadership, Hanon Systems will continue to act on its commitment to sustainability, investing in technologies and practices that positively impact communities, employees, customers, shareholders, and the planet. We value the ongoing support and partnership as we advance on this sustainability journey,” Kücükkaya and Nagasubramony stated.

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Hanon Systems Unveils World’s First 4th-Gen Heat Pump System For EVs

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