Thorlux formally commits to 2040 net zero goals

Thorlux Lighting, as part of FW Thorpe Plc, has set and submitted its emissions reduction targets for validation by the Science Based Targets Initiative (SBTi), committing itself to achieving net zero status by 2040.

The SBTi is an esteemed global organisation promoting ambitious corporate climate action. In consultation with specialised third-party consultants, Thorlux has formulated structured emission reduction targets as follows:

• Reduce absolute Scope 1 and 2 emissions by 42% by 2030, from a 2021 base year on a market-based approach.
• Reduce Scope 3 emissions per £m revenue by 51.6% by 2030, from a 2021 base year.
• Reduce Scope 1, 2 and 3 emissions by 90% by 2040 from a 2021 base year, in line with reaching net zero with a maximum of 10% of emissions offset through carbon mitigation measures.

The near-term targets signify a proactive commitment to current reduction plans, with realistic goals deemed achievable within the foreseeable future. Subsequently, Thorlux has committed to achieving its ultimate objective of net zero emissions by 2040. This strategic approach effectively translates to the complete elimination of the organisation's environmental impact.

FW Thorpe Plc Chair Mike Allcock said:

"By assessing our carbon impact and setting science-based targets in line with the Paris Agreement on climate change, our goal is to further and significantly reduce our impact by the near-term target of 2030 followed by ultimately reaching net zero greenhouse gas (GHG) status by 2040, well before the UK’s target for achieving net zero carbon emissions by 2050."

Learn more on the FW Thorpe Plc Group website.