Satisfied: E. Dominguez
Toyota Material Handling Europe is well on track to achieve its self-imposed climate targets by 2041, ten years ahead of its parent company TICO. The Science Based Targets initiative (SBTi), supported by the WWF and the UN, confirms the feasibility of these targets.
The Science Based Targets initiative has reaffirmed its scientifically based emissions reduction targets. "An important milestone on the road to net zero," says Ernesto Domínguez, President and CEO of TMHE. This further underscores TMHE's ambition to play a leading role in the industry when it comes to sustainability.
In May 2022, Toyota Material Handling Europe launched its Net Zero program, which has played a crucial role in advancing emissions reduction targets across the entire company. Among other things, a baseline year for the company's carbon footprint was established, and key decarbonization levers were prioritized.
In October 2023, TMHE submitted its targets to the Science Based Targets initiative. This initiative has now confirmed that Toyota's short- and long-term targets meet all criteria regarding timeframe, emissions coverage, and ambition. Furthermore, the Scope 1 and 2 targets contribute to limiting global warming to below 1.5°C.
Photos: TMHE
TMHE has entered into the following commitments:
- - Reduction of absolute Scope 1 and 2 greenhouse gas emissions by 50% by financial year 2031, starting from financial year 2023 as the base year1
- - Reduction of absolute Scope 3 greenhouse gas emissions by 25% by financial year 2031, starting from financial year 2023 as the base year1
- - Reduction of absolute Scope 1, 2 and 3 greenhouse gas emissions by 90% by financial year 2041, starting from financial year 2023 as the base year1
While Scope 1 and Scope 2 emissions can be directly influenced by a company, Scope 3 encompasses all indirect emissions that arise along the value chain. Scope 1 typically includes emissions from the operation of the heating system or vehicle fleet. Scope 2 includes all indirect greenhouse gas emissions from purchased energy. Scope 3 emissions can be divided into upstream and downstream emissions, which arise either from suppliers (upstream) or from the use of the sold products or solutions (downstream).
