Flint Group’s 2030 carbon reduction targets approved by SBTi

JUNE 2024: Flint Group, a leading company in ink and coating solutions for the printing and packaging sectors, is pleased to announce that its 2030 carbon reduction targets have been approved by the Science Based Targets initiative (SBTi). The business is working towards a 46.2% reduction in scope 1, 2 and 3 emissions by 2030 versus their 2019 baseline.

The Science Based Targets initiative (SBTi) is a collaboration between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.

Matthew Rowland-Jones, Sustainability Officer at Flint Group, said: “We are delighted that our 2030 carbon reduction targets have been approved by the SBTi. This validation represents significant work across the business to develop a detailed plan to reduce emissions and combat climate change. Carbon reduction forms part of ‘PRISM’, our vision and strategy for long-term sustainability. PRISM splits the broader topic of sustainability into the three core areas where we can make the biggest impact, ‘Product, Planet and People’.

“The real work begins now, and it is time to put our plans into action. Our connected initiatives will include greater use of low-carbon materials, which currently account for more than 60% of our greenhouse gas (GHG) emissions. We are also channelling over 75% of our research and development costs into sustainability-focused ink and coating solutions, such as barrier coatings that make it simpler to recycle packaging structures on the journey to a circular economy.”

To reach its science-based targets, Flint Group is working towards a transition to 100% renewable electricity by 2030. The company aims to achieve this goal through onsite energy generation, such as solar panels, and energy market initiatives, such as Green Tariffs and Purchase Power Agreements.  The company is also considering the phase-out of gas-fired systems in favour of lower-carbon alternatives, such as electrification and heat pumps.

Matthew concluded: “With targets approved by SBTi, we send an additional signal to our customers that we care about their carbon reduction and scope 3 emissions.  It is important to note that while we have many exciting initiatives in the pipeline relating to products and operations, no business can solve every sustainability challenge on its own. We are working with our core stakeholders, including customers, suppliers, and the wider value chain, to create lasting positive change that transforms the printing and packaging industries for the better.”

To learn more about Flint Group’s commitment to reducing carbon and supporting global climate change goals, please visit flintgrp.com/sustainability/