Quadient Climbs CDP Rankings, Validating Sustainability Strategy
Event summary
- Quadient received a CDP 'A-' rating, a significant improvement from seven consecutive 'B' ratings.
- The rating validates Quadient’s climate targets, which are aligned with a 1.5°C pathway and approved by the Science-Based Targets initiative (SBTi).
- Quadient aims to reduce absolute Scope 1 & 2 emissions by 64% and Scope 3 emissions by 30% by 2030 (baseline: 2018).
- As of 2024, Quadient has already achieved a 55% reduction in combined Scope 1 and 2 emissions.
- Quadient plans to cover 80% of its product ranges with life cycle assessments by the end of 2026.
The big picture
Quadient’s improved CDP rating reflects a broader trend of increased investor and regulatory scrutiny of corporate sustainability practices. The company’s commitment to science-based targets and transparent reporting positions it favorably within the industrial automation sector, where ESG performance is increasingly linked to valuation. This rating serves as a key performance indicator for Quadient’s ‘Elevate to 2030’ strategy and its ambition to create long-term value through sustainability.
What we're watching
- Target Validation
- The SBTi validation provides credibility, but ongoing adherence to the 1.5°C pathway will be crucial to maintain this standing and avoid accusations of greenwashing.
- Scope 3 Reduction
- Achieving the 30% Scope 3 reduction target will be a significant challenge, requiring engagement and collaboration across Quadient’s extensive value chain.
- Lifecycle Assessment
- The ambitious goal of 80% product range coverage with lifecycle assessments by 2026 will test Quadient’s operational capabilities and potentially reveal hidden environmental costs.
Related topics