Loomis Sets Green Precedent for Security Logistics with Climate Goals

STOCKHOLM, Sweden – April 27, 2026 – In a landmark move for a sector often operating behind the scenes, cash handling giant Loomis AB has become the first company in the global security logistics industry to have its greenhouse gas reduction targets validated by the prestigious Science Based Targets initiative (SBTi). The validation confirms that Loomis's ambitious climate goals are in line with the Paris Agreement's objective to limit global warming to well below 2°C, setting a new sustainability benchmark for the critical infrastructure that underpins the world's cash economy.

A New Standard for an Overlooked Industry

Loomis, a key player in the cash-in-transit (CIT) and cash management services (CMS) sectors, operates a vast network of approximately 400 branches and a large fleet of armored vehicles across more than 20 countries. The company's commitment distinguishes it from major competitors like Brink’s and Prosegur, none of whom currently hold SBTi-validated targets, positioning Loomis as a pioneer in decarbonizing an industry traditionally reliant on fossil fuels.

The validation is particularly significant given the unique operational challenges of security logistics. The heavy armor required for vehicles increases their weight, which in turn impacts fuel efficiency and presents hurdles for electrification. By setting science-based targets, Loomis is signaling to the market that even complex, high-security operations can and must undergo a green transformation. This move establishes a clear precedent for other companies providing essential services, from data centers to private security, to align their own strategies with global climate science.

The Science Behind the Commitment

The newly validated targets are both comprehensive and aggressive, covering emissions generated directly by Loomis as well as those from its extensive value chain. The company has committed to two primary goals:

• A 48.0 percent absolute reduction in Scope 1 and 2 GHG emissions by 2030, measured from a 2019 baseline. These emissions primarily stem from the fuel consumed by its armored fleet (Scope 1) and the electricity used to power its facilities (Scope 2).
• A 37.5 percent absolute reduction in Scope 3 GHG emissions by 2035, from a 2024 baseline. This ambitious target addresses indirect emissions from sources like the manufacturing of its vehicles and equipment (capital goods), fuel- and energy-related activities, business travel, and downstream transportation and distribution.

These new commitments build on an existing strategic goal to cut Scope 1 and 2 emissions by 34 percent by 2027, which remains an important milestone on the path to the 2030 target.

"Loomis' journey to mitigate climate change continues across the Group," said Aritz Larrea, President and CEO of Loomis, in a statement. "With our new climate targets, we are demonstrating that it is possible to reduce the industry's climate impact while continuing to deliver critical infrastructure. We are taking a leading role in transforming the industry towards a more sustainable future."

The Road to Reduction: Electrification and Renewables

Achieving these targets will require a fundamental shift in how Loomis operates, with a stated focus on transitioning to renewable energy and renewable fuels. The most visible aspect of this strategy is the electrification of its fleet. The company has already taken concrete steps, signing an agreement for the delivery of 150 electric armored vehicles for the US market, with deployment having started in late 2023.

While the higher weight of armored vehicles presents a challenge to the range and efficiency of current electric vehicle technology, Loomis's investment signals confidence that these hurdles can be overcome through collaboration with manufacturers and ongoing technological advancements. Beyond full electrification, the company is also exploring the use of biofuels, which can provide immediate carbon reductions for its existing diesel fleet and serve as a transitional solution in regions where charging infrastructure is less developed.

In parallel, the transition to renewable energy will extend to its physical locations. With a global network of secure facilities, Loomis has a significant opportunity to reduce its Scope 2 emissions by installing solar panels on its properties and procuring green electricity from the grid, turning its energy-consuming branches into more sustainable hubs of operation.

The Supply Chain Ripple Effect

Perhaps the most far-reaching component of Loomis's climate strategy is its Scope 3 target. By committing to a 37.5 percent reduction in its value chain emissions, the company is sending a powerful message to its hundreds of suppliers and partners. Scope 3 emissions often account for the vast majority of a company's carbon footprint, and tackling them requires deep collaboration.

This commitment will likely force a re-evaluation of procurement policies, favoring vehicle manufacturers that use low-carbon materials and assembly processes. It will also put pressure on downstream logistics partners to adopt cleaner transport methods and provide transparent emissions data. Loomis's existing "Supplier Code of Conduct," which requires partners to adhere to sound environmental practices, provides a framework for driving this change. The initiative effectively extends Loomis's climate responsibility beyond its own walls, potentially creating a domino effect that accelerates decarbonization throughout the specialized security and logistics supply chain.

Green Gold: A Strategic Investment in the Future

While the environmental imperative is clear, Loomis's move is also a calculated business strategy. In an era of increasing scrutiny from investors and regulators, a validated, science-based climate plan offers a distinct competitive advantage. The validation is expected to appeal strongly to the growing pool of ESG (Environmental, Social, and Governance) investors, who prioritize companies with robust and credible sustainability credentials. Rating agencies like MSCI and Sustainalytics are likely to view the commitment favorably, potentially boosting Loomis's ESG scores and making it a more attractive investment.

Furthermore, the strategy serves as a form of risk management. By proactively reducing its carbon footprint, Loomis positions itself to better navigate future carbon taxes, emissions regulations, and fluctuating fossil fuel prices. The long-term operational efficiencies gained from switching to renewable energy and more fuel-efficient vehicles could also translate into significant cost savings. For a company whose stock was recently rated a "Hold," this bold step into sustainability leadership could be a key differentiator that enhances its brand reputation, strengthens client relationships, and solidifies its market position for years to come. The industry will now watch closely to see if this green gambit pays off and if competitors will follow suit.