Sappi's global commitment to decarbonising our value chains goes beyond our SDG targets. Net-zero is critical to supporting a circular bioeconomy and actively contributing to climate change mitigation.
In support of a just energy transition, Sappi has formulated a comprehensive climate strategy and set a validated science-based emission reduction target for 2030, estimating a capital investment of USD60-70 million per annum to achieve our decarbonisation efforts.
Compared to our 2019 baseline, Sappi's absolute GHG emissions have decreased by over 30% by FY2024. This was done through a combination of increased renewable energy use, more efficient self-generation of electricity and efficient energy management.
Our approach embeds carbon impacts into our capital allocation processes, using an internal carbon price to guide decision-making. We employ physical and transitional scenario modelling to assess climate risks and opportunities, informing our mitigation and adaptation strategies. We continuously monitor and transparently report on our climate KPIs, and we have integrated our science-based targets into long-term remuneration awards.
In South Africa, we acknowledge the challenges posed by reliance on coal and the social implications of decarbonisation, which drives us to engage with regulators and stakeholders to advocate for a just transition that ensures no one is left behind.
Our holistic strategic approach to carbon abatement
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