As of 2026, Espec has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Espec's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -55%a | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -57%a | 2027 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -60%a | 2030 |
Absolute-based Target* | Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12) | Metric Tonnes of CO2 equivalent (mtCO2e) | -30%b, a | 2030 |
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As of 2026, Espec has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.ab
As of 2026, Espec has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Espec's most ambitious operational target is to reduce these emissions by 60% by 2030, compared to a baseline of 14,068 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2024, Espec is ahead of schedule on its operational emissions reduction target, having achieved 56.12% of the planned reduction.a
As of 2026, Espec has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 2 out of the 15 Scope 3 categories defined by the GHG Protocol.ab
Espec's most ambitious value chain target is to reduce these emissions by 30% by 2030, compared to a baseline of 719,776 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.ab
Instead of reducing value chain emissions, Espec has increased them, with 2024 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target.ab