Hilti invests triple-digit million amount for climate targets


Schaan – The Hilti Group is committed to the climate protection criteria of the Science Based Targets Initiative, which is aligned with the goals of the Paris Agreement. Using a three-digit million sum, Hilti aims to achieve net zero along its value chain in the next few years.

With an unspecified three-digit million sum, Hilti intends to make its contribution to reducing CO2 emissions in the construction industry in the coming years. As the Liechtenstein tool manufacturer explains in a media release, around 40 percent of global CO2 emissions are caused by the construction industry.

The framework for Hilti’s commitment to achieving net zero outside its own business activities is now Hilti’s commitment to the climate targets of the Science Based Targets Initiative(SBTi). Accordingly, Hilti will develop a detailed action plan aligned with the objectives of the Paris Agreement, which will be submitted to the SBTi for validation within 24 months.

The SBTi is driving companies worldwide to significantly reduce their carbon footprint by 2030 and achieve net-zero emissions by 2050. This organization is a partnership between the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute and the World Wide Fund for Nature.

“With the commitment to Science Based Targets, we will reduce emissions across our entire value chain,” Hilti CEO Jahangir Doongaji is quoted as saying. “In doing so, we are supporting our customers’ sustainability initiatives and contributing to the much-needed transformation of our industry.” Within its own business activities, Hilti says it will become CO2-neutral as early as 2023. mm