Royal DSM, a science-based company active in nutrition, health and sustainable living, has announced its ambition to halve its 2016 greenhouse gas emissions from its own operations by 2030.
It is an acceleration of its initial 30% reduction target and helps set a pathway towards net zero emissions across its operations and value chains by 2050.
The company has doubled its internal carbon price from €50 (£42.8m) to €100 (£85.6) per ton of CO2 to further guide its investments and operational decisions towards carbon neutral operations.
It also signed a power purchase agreement (PPA) in July, which means all its electricity needs in North America will be 100% renewable starting from the end of 2021.
With this additional agreement, Royal DSM expects to outpace its target of purchasing 75% of all its global electricity needs from renewable sources by 2030 and reach 100% “at the earliest possibility”.
Geraldine Matchett and Dimitri de Vreeze, Co-CEOs, Royal DSM said: “As a purpose-led company we aim to drive sustainable growth. That’s why we’re proud to make a significant step-up in our ambitious validated science-based targets, to accelerate our route to net zero by 2050 and to continue to lead the way in our industry to move to a net zero future.
“We have no time to waste and the private sector has a crucial role to play in proactively delivering on the Paris Agreement.”