Metso climate program Credit: Metso
FINLAND – Metso has announced that the Science Based Targets initiative (SBTi) has approved its greenhouse gas emission targets. The GHG targets are part of Metso’s Climate Program and are applicable to all relevant emission sources from production through transportation to the use of its products.
The SBTi is a collaborative effort which aims to promote science-based target setting and driving down global greenhouse gas emissions. Metso is one of the few corporations in its field to join SBTi.
Metso has committed to a 25% reduction in carbon emissions in production by 2030.
Metso demands sustainability not only of its own production, but also 30% of its suppliers in terms of spend are required to set science-based emission targets by 2024. Metso is also aiming for a 20% reduction in transportation emissions by 2025.
Through research and development work, Metso has been able to significantly reduce the energy consumption in customer processes. To continue this development, Metso aims for a 10% reduction in GHG emissions in the most energy-intensive customer processes through the use of Metso products by 2025. Metso will also offset flight emissions by 100% by 2021 and continue to find new ways to decrease emissions.
Metso President and CEO Pekka Vauramo said: “our climate program is an important step in our goal of reducing greenhouse gas emissions. It is also an essential element in Metso being a responsible and trusted partner to our customers. We aim to improve our customers’ productivity in a sustainable manner, and we involve all our stakeholders in reaching this goal.”
Metso and Outotec combination
Metso has also announced that the Finnish financial authority has approved a supplement to the prospectus for the combination of Outotec and the Metso Minerals Business. The Finnish financial authority approved the original prospectus in October.
The combination was initially announced in July.
The combination of Metso Minerals and Outotec will create a leading company in process technology, equipment and services serving the minerals, metals and aggregates industries. Metso Flow Control will become a separately listed independent flow control equipment and services company under the name of Neles.
Metso Outotec will have a presence across the full minerals processing and metals refining value chain, with a differentiated ability to deliver end-to-end solutions across the whole process from crushing to end products.
Upon completion, Metso shareholders will own 78% of the combined company and Outotec shareholders will hold 22%.
For more information, visit www.Metso.com.