Global industrial manufacturer Milliken & Company has announced its commitment to reach net zero carbon emissions across its value chain by 2050.
Its targets have been approved by the UN-backed Science-based Targets initiative (SBTi), joining a group of more than 1,300 companies that have made net zero commitments using SBTi’s Corporate Net Zero Standard.
For the base year, Milliken’s 2018 total emissions are 2.4 MTCO2e, with Scope 1 and 2 representing 27% and Scope 3 representing 73% of total emissions.
To date, Milliken has invested more than $25 million (£22m) in cogeneration solutions to help get out of coal as well as increased its renewable energy procurement five-fold since its base year.
Kasel Knight, General Counsel and Head of sustainability at Milliken said: “Not all net zero is the same, which is why Milliken commits to reaching real net zero greenhouse gas emissions across the value chain by 2050 from a 2018 base year.
“By working with SBTi, our net zero commitment, along with our approved near-term and long-term targets, has been fully vetted by the best available science on a global scale.”