October 24, 2024

Grifols receives SBTi approval for its near-term science-based emission reduction targets

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  • The company’s commitments to reduce both direct and indirect emissions of greenhouse gases align with the Paris Agreement’s goal to limit the planet’s warming to 1.5 degrees Celsius this century
  • Approved targets include a 42% decrease in scope 1 and 2 emissions by 2030 from Grifols’ 2022 baseline, as well as a 25% reduction in scope 3 gases from purchased goods and services over the same time
  • The SBTi-endorsed targets complement Grifols’ previously stated commitments to achieve a more sustainable earth in alignment with the United Nations 2030 Agenda for Sustainable Development

Barcelona, Spain, Oct. 24, 2024 – Grifols (MCE:GRF, MCE:GRF.P, NASDAQ:GRFS), a global healthcare company and leading manufacturer of plasma-derived medicines, today announced that its near-term science-based emission reduction targets have been approved by the Science Based Targets initiative (SBTi), further underscoring the company’s commitment to a healthier, greener and more sustainable planet.

The targets cover essentially all Grifols greenhouse gas (GHG) emissions from direct and indirect operations. These include:

•           Scope 1 and 2 GHG emissions:

Grifols commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year (the target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks).

•           Scope 3 GHG emissions:

Grifols commits to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, fuel -and energy-related activities, and upstream transportation and distribution 25% within the same timeframe.

The science-based targets align with the United Nations Climate Conference-sponsored Paris Agreement, which in 2015 established a goal of keeping global temperatures from rising more than 1.5 degrees Celsius this century from preindustrial levels.

Grifols is also aligned with the United Nations 2030 Agenda for Sustainable Development, for which the company has developed its own goals to be completed by the end of the decade that feature 30 ambitious, concrete and measurable commitments. These include reducing energy consumption and greenhouse emissions, increasing energy use from renewable sources, applying circular economy measures and protecting biodiversity.

With the SBTi-endorsed commitment, Grifols, recognized as one of the most sustainable companies in the world, reinforces the environmental pillar of its sustainability strategy and continues to advance on its broader sustainability roadmap.

“Validation of our science-based emission-reduction targets demonstrates Grifols’ firm commitment to taking specific and measurable actions to source, manufacture and consume more responsibly and sustainably as part of our broad-based initiatives to achieve a low-carbon society and a healthier world,” said Daniel Fleta, Grifols Chief Industrial Services Officer.

The SBTi is a corporate climate action organization that develops standards, tools and guidance enabling company GHG emissions-reduction targets in line with what is needed to control global warming and reach net-zero by 2050 at the latest. SBTi is incorporated as a charity, with a subsidiary that will host its target validation services. SBTi partners are Carbon Disclosure Project (CDP), the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).