Greece: Titan Group says that its updated 2030 greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi) as consistent with the levels required to limit a global temperature increase to 1.5°C. With the new targets the cement producer intends to tackle direct (Scope 1) emissions, indirect emissions from the generation of purchased electricity (Scope 2), and also other indirect emissions from the supply chain (Scope 3).
The company plans to reduce Scope 1 (gross), 2 and 3 (gross) GHG emissions covering in produced and purchased cement and clinker, by 25.1% per tonne of cementitious product sold by 2030, from a 2020 base year. Within this target it intends to reduce Scope 1 GHG emissions (gross) by 22.8% per tonne of cementitious product and to reduce Scope 2 GHG emissions by 58.1% per tonne of cementitious product from a 2020 base year. It also intends to reduce absolute Scope 3 GHG emissions from the use of sold fossil fuels by 42% from a 2021 base year. A Global Cement estimate suggests that it aims to reduce its specific net Scope 1 CO2 emissions to around 520kgCO2/t of cementitious product in 2030 compared to 654kgCO2/t in 2021.
