Why It Matters
The more that multinational companies like ours reduce their greenhouse gas emissions, the more we can mitigate climate-related risks such as drought, floods, and fires. Such events could devastate our communities and disrupt business for NI, our suppliers, and our customers. Mitigating climate change also helps protect Earth’s biodiversity, our natural life support system.
For 40 years, we’ve consistently worked to minimize our environmental footprint and protect biodiversity and natural resources. Scaling our work to reduce our greenhouse gas emissions will require us to use less energy, which will reduce our utility bills and other operating costs. The cost of renewables is rapidly decreasing, so we’ll also continue to invest in renewable energy sources to further reduce our emissions.
UN Sustainable Development Goals Supported
7—Affordable And Clean Energy, 12—Responsible Consumption And Production, 13—Climate Action, 15—Life On Land
What We’ll Do
Our ambition is to operate in a way that produces no net greenhouse gas (GHG) emissions. We will achieve this by reducing our own Scope 1 and 2 emissions to the maximum extent possible and then neutralize the remainder via certified nature-based offsets.
To these ends, we plan to establish interim targets to keep our absolute emissions reductions on track. We also recognize the importance of addressing our Scope 3 emissions and we are committed to identifying the best ways for us to reduce these emissions throughout our value chain, with special attention on reducing the energy consumption of our products, which will also benefit our customers.
In addition to investing in certified nature-based offsets to neutralize any emissions we cannot eliminate entirely, we will support other projects that protect biodiversity, restore damaged habitats and promote climate justice.