SustainabilityReport 2023 high - Flipbook - Page 13
2.2. Framework used to clarify and reach our goals
The frameworks Terratech has chosen to use and
work with are for example SBTI and GHG protocol
(Green House Gas Protocol) for measuring our CO2
impact and with this create better possibilities to lower
our emissions. Terratech signed up to SBTI in 2022
Terratech’s recognition of the UN SDG:s has resulted
in a 昀椀rst prioritized focus of three goals to work with,
these goals are SDG 5; gender equality, SDG 8; decent
work with equal, full and productive employment and
SDG 12; be a responsible and sustainable business.
and were published as one of the “Companies taking
action” on the SBTI web page, in the beginning of 2023.
Other frameworks that in昀氀uence the de昀椀ned actions
and goals in the Terratech sustainability focus areas
are UNGC (UN Global Compact) and the UN SDG:s.
2.3. Contribution to Science Based Targets initiative, SBTI
Terratech believes reducing emissions is the way
forward to a sustainable future and with this belief
we joined the SBTI in 2022. Our committed goal is to
reduce Terratech’s emissions to zero by 2040. The
SBTI goal has been de昀椀ned as follows: Terratech has
committed to net zero emissions by 2040 with the
de昀椀ned target: “Terratech Group AB commits to reduce
Climate accounting
scope 1 & 2 for all
production facilities
Our ESG organization is structuring and analyzing
previous and new emission data in line with the
de昀椀ned scopes in SBTI. However, as the SBTI goals
were adopted before the acquisition of Sjørring in
2022 there might be a need to recalculate the base
year to 2021 in order to secure comparable 昀椀gures
going forward. This will be evaluated during 2024.
Scope 1 and Scope 2 GHG emissions by 46% by 2030
from a 2019 base year, and to measure and reduce
its Scope 3 emissions. Terratech Group AB commits
to reduce Scope 1+2+3 emissions with 90% by 2037
from a 2019 base year.” This target was approved
using a streamlined target validation route exclusive
to small and medium-sized enterprises (SMEs) 1.
Climate accounting
Scope 1 & 2 for all
sales o昀케ces
Climate
accounting
Scope 3
Terratech complete
climate accounting
STEP 1:
STEP 2:
STEP 3:
In Terratech’s 2022 sustainability report we declared our set
structure for calculation and reporting of SBTI Scope 1 & 2
for all of Terratech’s production facilities which accounts for
the main share of Terratech’s total emissions. The climate
accounting is at this time presented for 2022 emissions
excluding sales o昀케ces and sale o昀케ce vehicles.
We are now preparing for the recalculation of the baseline
year to 2021 instead of 2019 in order to include Sjørring
and make sure we have comparable 昀椀gures going forward.
However, in this report we include data for emissions 2022
and 2023 considering the most recent release of emission
factors.
Once implemented data for Scope 1 to 3 in the ERP sustainability module we will be able to include a climate footprint on
our products at the quote stage. We believe this will give us
a competitive advantage as sustainability is climbing on the
agenda of our customers. Implementation of sustainability
data in our ERP systems will be done sequentially among the
three companies within the Terratech Group.
1
https://sciencebasedtargets.org/companies-taking-action#dashboard
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