Ericsson—Ericsson's second round of climate targets, including 2040 net-zero goal, approved by SBTi
Ericsson's second round of greenhouse gas reduction targets was approved by the Science Based Targets initiative (SBTi) as aligned with the 1.5°C Paris Agreement pathway, publicly announced January 25, 2024. The near-term target commits Ericsson to cutting absolute Scope 1, 2, and 3 GHG emissions 50% by FY2030 versus a FY2020 baseline (with Scope 1+2 cut 90%). The long-term target commits to a 90% absolute Scope 1, 2, and 3 emissions cut by FY2040, neutralizing the remaining 10% via approved carbon removals to reach net-zero across the value chain by end of FY2040. This follows Ericsson's first round of SBTi-approved targets (2016-2022 period), which the company met and surpassed (e.g., a 35%-target for business travel and downstream transportation emissions was exceeded with a 60% actual reduction).
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Climate Action | +toward | primary | +1.00 |
| Overall incident score = | +0.590 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
SBTi approves Ericsson's near-term (2030) and long-term net-zero (2040) emissions targets
Ericsson press release confirming SBTi validation of its second round of science-based climate targets: a 50% cut in total value-chain emissions by FY2030 and net-zero across the value chain by FY2040 via a 90% absolute emissions cut plus carbon removals for the remainder. The release also notes Ericsson's first round of SBTi targets (2016-2022) were met and exceeded.