ABB - Score 'A' for Transparency on Climate Change

ABB has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit Carbon Disclosure Project (CDP), securing a place on its annual ‘A List’. Based on data reported through CDP’s 2023 Climate Change questionnaire, ABB is one of a small number of companies that achieved an ‘A’ - out of over 21,000 companies scored.

“ABB is taking a rigorous science-based net-zero targets approach in line with the Net-Zero Standard of the Science Based Targets initiative (SBTi). Inclusion in CDP’s A List is an important recognition of our approach to sustainability and our commitment to setting ambitious and meaningful sustainability targets.” said Anke Hampel, Group Head of Sustainability at ABB.

The company has submitted its new targets to SBTi with validation expected in 2024. These include 1.5°C-aligned Scope 1 and 2 targets aiming at a CO2e emissions reduction of 80 percent by 2030 and 100 percent by 2050 versus a 2019 baseline. On a 12-month rolling average, as of Q3 2023, ABB achieved a 72 percent reduction in Scopes 1 and 2 CO2e emissions versus 2019. The latest numbers will be published on February 23 in ABB’s 2023 annual reporting suite.

For more information