Circular economy
|Europe

COP 26 2021: Faced with the climate emergency, the SUEZ Group has reaffirmed its commitments to contribute to a carbon-neutral economy and the protection of the climate

The 26th UN Conference of the Parties on the climate will bring together more than 200 countries and numerous economic players from October 31, 2021 to November 12, 2021 in Glasgow, United-Kingdom, to accelerate the fight against climate change. To this end, the SUEZ Group, which will be present at the COP 26, is reaffirming its commitments towards protecting the climate by joining to the 1.5°C trajectory defined by the IPCC[1] and will reiterate its concrete actions in favor of the climate.
As early as 2017, SUEZ was the first environmental services company to be recognized by the Science Based Targets Initiative (SBTi)[3] as being aligned with the 2°C target of the Paris Agreement. In 2019, the Group increased its greenhouse gas emissions reduction target for its activities to 45% by 2030 (versus 30% previously). This new commitment was once again recognized by the SBTi in September 2021 as being fully aligned with the 1.5°C trajectory, and the target of achieving carbon neutrality by 2050.

As a member of the global “Race To Zero” campaign launched in early 2020 by the UNFCCC[4], SUEZ has also committed to designing new growth models that consume fewer resources and emit less CO2. As a result, the Group avoided 10 million tonnes in greenhouse gas emissions for its customers in 2021, thanks to the production of renewable energy from waste and wastewater and the commercialization of secondary raw materials generated from recycling activities.

In addition to the Group’s commitments to reduce greenhouse gas emissions, and one year ahead of the European regulatory requirements, SUEZ announced in February 2021 that nearly 75% of its 2020 revenues was qualified as sustainable activity according to the European green taxonomy. 

Lastly, in 2021, SUEZ once again consolidated its excellent performance with regards to the expectations of extra-financial rating agencies, and its presence in the main international ESG rankings. Since March 2021, the Group has also been included in the new Euronext CAC 40 ESG index made up of 40 companies listed on the Paris Stock Exchange that display the best practices in terms of environmental, societal and governance standards. The creation of the index, which meets the demands of major institutional and asset manager customers which have committed to meeting ESG standards, recognizes SUEZ’s mastery of integrating global sustainable development issues.

[1] Intergovernmental Panel on Climate Change

[2] Percentage of eligible and qualified revenue within the meaning of the European Taxonomy

[3] Launched in 2015 by the CDP, the Global Compact from the UN, the World Resources Institute (WRI) and the WWF, this joint initiative consists of assessing companies’ compliance with the recommendations of IPCC scientists to reduce greenhouse gas emissions

[4] United Nations Framework Convention on Climate Change

Contacts

Press: Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com +33 1 58 81 55 62
Analysts & Investors: Cécile Combeau - Baptiste Fournier - Julien Minot
+33 1 58 81 24 05

For more information