manitou group unveils its low carbon plans for 2030

The Manitou Group has recently unveiled the two main targets of its 2030 low carbon trajectory, namely reduce its direct and indirect carbon emissions by 46%, while reducing the CO2 emissions of its machines by 34% for every hour of use.

This approach is based on scientific data through the “Science Based Targets” initiative, a program supported by the United Nations, the Carbon Disclosure Project (CDP), the World Resources Institute (WRI) and the World-Wide Fund for Nature (WWF).

Using 2019 as the benchmark year, the first target applicable in scopes 1 and 2 involves reducing direct and indirect CO2emissions by 46% by 2030 throughout all its worldwide locations. The second target concerns the emissions in scope 3 (value chain), with a 34% reduction in the CO2 emissions generated for every hour of use of the machines produced by the Group.

Michel Denis, President and CEO, explains: “It’s an extremely important and transformative stage for the Group. Climate issues are a genuine concern, but also an opportunity to reinforce our competitive edge by transitioning to a low carbon intensity economy. We are doing everything to steer the ecological transition towards a more sustainable economic model. We have set ambitious yet realistic targets that we can achieve by innovating with our customers, suppliers, and employees. 89% of our indirect emissions come from the use of our products. It is therefore a collective approach for the whole value chain.”

To accomplish these targets, Manitou Group will rely on a number of tactics:

• Develop new electric ranges and innovate with hydrogen
• Continue the work already undertaken on the energy efficiency of equipment
• Reinforce eco-design with a global life cycle approach
• Increase the use of recycled materials in purchases of components and parts
• Use low-carbon solutions for upstream and downstream freight
• Develop the activity of spare parts from the circular economy
• Reduce energy consumption and roll out a green energy procurement program

Registered on the SBTi website, the Manitou Group’s low carbon pathway will be studied by experts in the Science Based Targets initiative with a view to confirming it, hopefully by the end of the half-year. The Group can further promote this action plan during the annual CSR event “On the way up”.