Construction material supplier Boral has set ambitious emission reduction targets as well as net-zero targets which will be incorporated into its operations.
Boral has joined the Science Based Targets initiative (SBTi) Business Ambition for 1.5°C and UNFCCC Race to Zero, as part of a commitment to net-zero emissions by 2050.
Boral will also be aiming to achieve a 46 per cent reduction in Scope 1 and Scope 2 emissions and a 22 per cent reduction in Scope 3 emissions per tonne of cementitious materials.
Boral’s CEO and Managing Director, Zlatko Todorcevski, said Boral have a unique opportunity to lead the way to make a meaningful contribution to build greener cities and create a net-zero future.
“We are proud to be the first company in the cement sector to set science-based targets aligned with a 1.5°C pathway for Scope 1 and 2 emissions,” Todorcevski said.
“We are redefining Boral’s strategy to become a leading innovator in sustainability by decarbonising our cement and other construction materials businesses and embedding a more circular economy approach. Our decarbonisation pathways include shifting to renewable energy sources, and growing our proprietary lower carbon, higher performing concrete solutions.”
Boral has highlighted five key decarbonisation pillars which will underpin its climate targets. These will include a transition to the use of 100 per cent renewable electricity, optimising energy efficiency for production, using alternative transport fleet options, sourcing from lower carbon intensity suppliers, and exploring carbon capture use and storage (CCUS) technologies.
Todorcevski said Boral was making good progress already by investing in R&D and partnering to bolster its innovation efforts and access to leading technologies, as well as collaborating with customers and suppliers.
“Collectively, our decarbonisation efforts aim to achieve carbon neutrality by no later than 2050 and deliver future growth by reshaping our business to be a leader through decarbonisation,” Todorcevski said.
“Our Innovation team is leading the way in developing high-performing sustainable products and solutions for our industry, including piloting carbon capture storage and use technologies. The team is supported by strategic partnerships, including with academia, government and through collaborative industry innovation hubs.”
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