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:
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