Ontex climate action targets approved by SBTI

AALST-EREMBODEGEM, Belgium, June 23, 2022-

Ontex [Euronext: Ontex], a leading provider of personal hygiene products and services in more than 110 countries, applauds that the Science-Based Targets Initiative (SBTI) has approved its climate action targets. SBTI confirms that the Ontex climate targets are consistent with the latest climate science needed to achieve the goals of the Paris Agreement - limiting global warming to well below 2°C above pre-industrial levels and continuing efforts to limit warming to 1.5°C. SBTI is a collaboration between the United Nations Global Compact, the World Wide Fund for Nature, the World Resources Institute and the Carbon Disclosure Project.

Lowering greenhouse gas emissions across the value chain
Ontex will reduce its own greenhouse gas emissions (absolute Scope 1 and Scope 2 emissions*) by 80% by 2030 compared to a 2020 baseline. Ontex also commits to increase annual sourcing of renewable electricity from 75% in 2020 to 100% by 2030. In addition to the SBTI-approved target, Ontex aims to achieve zero emissions by 2030 by offsetting the remaining emissions from its operations.

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