Cascades Sets Ambitious 2035 GHG Reduction Targets Approved by SBTi
Event summary
- Cascades' new 2035 GHG emissions reduction targets approved by the Science Based Targets initiative (SBTi).
- Targets include a 67.2% reduction in Scopes 1 and 2 emissions and a 41.3% reduction in specific Scope 3 emissions by 2035, using 2019 as the base year.
- Company has already reduced Scopes 1 and 2 emissions by 32.6% between 2019 and 2025.
- Cascades generated 25% fewer GHG emissions than the North American paper industry average in 2025.
The big picture
Cascades' approved targets align it with a global movement of companies committed to addressing climate change. The approval by SBTi underscores the credibility of Cascades' decarbonization roadmap, positioning it as a leader in sustainable practices within the paper and packaging industry. The company's progress to date, including a 32.6% reduction in Scopes 1 and 2 emissions, sets a precedent for other firms in the sector.
What we're watching
- Execution Risk
- Whether Cascades can sustain its current pace of emissions reduction to meet its 2035 targets.
- Industry Benchmarking
- How Cascades' emissions performance compares to other players in the North American paper industry.
- Investment Priorities
- The balance between Cascades' decarbonization investments and its financial performance.
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