Wednesday 11th August 2021
Driving Race to Zero ambition with contractors
& product manufacturing business members
A UKGBC and Climate Champions event
In the chat please add…
1. The organisation you are representing
2. Your area of responsibility
3. A short sentence about what you hope to takeaway
from todays roundtable.
This will help us guide the discussion.
Agenda
The Race To Zero campaign
SBTi Business Ambition for 1.5°C Campaign
Q&A
Case Studies from Multiplex & Holcim
Q&A
Closing remarks
Contributors
Olwen Smith
UK & WW Regional
Lead, Net Zero
Campaigns, CDP
Pavan Patel
Senior Sustainability
Manager, Multiplex
Sonal Jain
Senior Director, JLL and
Climate Champions
Team
Antonio Carillo
Head Climate and
Energy, Holcim
Making 2021 the most impactful year for climate action
2021 is the year of COP26, bringing an unprecedented opportunity for the building and construction sector to demonstrate its contribution to achieving Paris Agreement goals.
Well Below 2℃
Hold warming well below 2℃ and pursue
efforts to stay below 1.5℃ to significantly
reduce the risks and impacts of climate
change. For this, we need to reduce 45%
of global emissions from 2010 levels by
2030 and reach net zero emissions by
2050
IPCC 2018 1.5 degree report changed
everything
Net Zero Emissions
Reach global peaking of GHG emissions as
soon as possible
Undertake rapid reductions thereafter in
accordance with the best available
science
Reach net zero by 2050
Climate Resilience
Enhance adaptive capacity, strengthen
resilience and reduce vulnerability to
climate change
What are the Paris Agreement Goals?
1
ActionReduce emissions2
AdvocacyAdvocate to supply chains, peers and policymakers
3
What role can you play?
AmbitionJoin Race to Zero
The UN-backed, global campaign to rally leadership and support from all non-
state actors for a healthy, resilient, zero carbon recovery.
All members are committed to the same overarching goal: achieving net zero
emissions by 2050 at the very latest.
What is Race to Zero?
9Nigel Topping Gonzalo Muñoz
Led by the High-Level Climate Champions for Climate
Action, Race To Zero mobilizes actors outside of national
governments to join the Climate Ambition Alliance.
10
4000
3500
3000
2500
2000
1500
1000
500
0
GROWTH RATE
June 2020(Launch)
Sept 2020(CWNY)
Dec 2020(CAS)
March 2021 April 2021 May 2021
Organization Investor Company City Region
4500
June 2021
5000
12
Race to Zero criteria
1. PLEDGEPledge at the head-of-
organization level to reach (net)-zero as soon as possible.
2. PLANWithin 12 months of joining,
set an interim target representing your fair share of
50% reduction by 2030.
3. PROCEEDTake immediate,
meaningful action toward achieving net zero within the
first 12 months of joining.
4. PUBLISHReport progress annually by
publishing against your targets on a public platform..
Targets must cover all GHG emissions:1. Including Scope 3 for businesses and investors 2. Including all territorial emissions for cities and regions
1. Prioritise immediate abatement. 2. Any neutralization of residual emissions must transition
to permanent removals. 3. Encourage immediate contributions to the preservation
and restoration of natural sinks.
ALL SCOPES OFFSETS
LEADERSHIP PRINCIPLES
Seek to enable all actors to contribute to the global transition toward net zero through engagement, information sharing, access to finance, and capacity building. Develop pledges, plans, and actions in consideration of equity, drawing on, inter alia, the Sustainable Development Goals and Articles 2 and 4 of the Paris Agreement.
Join as an actor
13
Yes No
Please move to the next page
Large businessCompany with <500
employeesB-Corporation
Company with a sectoral focus
Am I a business?
SME Climate Hub Climate CollectiveFashion Charter
Healthcare without Harm
Water UK
International Wineries for Climate Action
Business Ambition for 1.5
The Climate Pledge
Exponential Roadmap Initiative
Future Net Zero with CBN
Business Declares
Pledge to Net Zero
Am I a…
UN Net Zero Asset Owner Alliance
Net Zero Asset Managers Initiative
Financial institutions
Paris Aligned Investment Initiative
UN Net Zero Banking Alliance
Bankers for Net Zero
14
Please see previous
Yes No
City RegionEducational institutions
Country-specific entity
Am I a business?
Cities Race to Zero Under2 Coalition Race to Zero for Universities and
Colleges
Japan Climate Initiative
Am I a…
Join as an actor
Chambers for Climate
Chambers of commerce
15
What benefits are the participants getting?
• Target essential component of long term climate strategy that considers risks and opportunities from transition to low carbon economy
Aligning business strategy with low carbon economy
• Climate action efforts will be recognised as credible and science-based which can boost shareholder and investor confidence
Greater climate strategy credibility and investor confidence
• Actively play a role in 2021 as the most decisive year in climate action history • Recognition of company climate action can strengthen reputation with broader
stakeholders
Improved company brand and reputation
• Signal to policymakers that large emitters are planning to make substantial emission reductions
• This can help governments scale up their climate ambition in advance of COP26
Supporting scale up of government climate ambition
• Join a supportive community spanning regions and sectors, with whom to share tools and knowledge
• Receive support every step of the wayOngoing support
Join the Race to Zero through the SBTi Business Ambition for 1.5°C Campaign
UKGBC Roundtable
11th August 2021
Olwen Smith,
UK & WW Regional Lead, Net Zero Campaigns, CDP/SBTi
OFFICIAL
17
THE SCIENCE BASED TARGETS INITIATIVE (SBTi)
In collaboration with
Partner Organizations:
SCIENCE BASED TARGET-SETTING JOURNEY
DAY 1 24 MONTHS
Company submits a
letter establishing
its intent to set a
science-based
target
Company works on
an emissions
reduction target in
line with the SBTi
criteria
Company presents
the target to the
SBTi for official
validation
Company
announces the
target and inform
stakeholders
Company report its
wide emissions and
progress against
targets on an
annual basis
AFTER
APPROVAL
19
HOW TO COMMIT VIA BUSINESS AMBITION FOR 1.5°C
1. Sign the Business Ambition for 1.5°C commitment letter and
submit it to [email protected].
2. By joining, organizations are also joining the UNFCCC Race
to Zero.
3. By joining, companies commit to follow the SBTi step-by-step
process to set GHG emissions reduction targets in line with
SBTi Criteria and Recommendations.
4. Companies commit to policy advocacy positions consistent
with a 1.5°C future.
Commitment Letter
20
WHAT DO COMPANIES COMMIT TO?
CHOOSE ONE OR BOTH OPTIONS
Commitment Letter
Option 1 – 1.5°C science-based emissions reduction targets: My company commits to set science-based emissions reduction targets across all scopes, in line with 1.5°C emissions scenarios and the criteria and recommendations of the Science Based Targets initiative.
Option 2 – Net-zero science-based emissions reduction targets: My company commits to a) set a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050 and to b) set interim science-based targets across all relevant scopes and in line with the criteria and recommendations of the Science Based Targets initiative.
→ By ticking both options, companies are committing to the
highest level of ambition in the short and long-term.
BUSINESS AMBITION FOR 1.5°C IN NUMBERS
21#OurOnlyFuture
677 companiesIn 47 countries
Across 48 sectors
With 16+ million employees
112
35
165
360+
47
▪ Asahi
▪ Suntory
▪ Olam
▪ General Motors
▪ Walmart
▪ Pfizer
▪ Natura & Co
▪ JBS
▪ Grupo Bimbo
• L'Oréal
• National Grid
• Volvo Cars
• Holcim
75+
Value chain emission reductions:
1. Near term science-based
targets: Companies must set 5-10 year
targets to reduce value chain emissions in
line with limiting warming to 1.5°C.
2. Long term science-based target:
Companies must set targets to reduce
emissions to a level consistent a state of
global net-zero.
Compensation* & neutralisation:
3. In the transition to net-zero: Companies
are encouraged to compensate for
remaining emissions.
4. At net-zero: Companies should move
from compensation to removals as they
get closer to net-zero to neutralise any
residual emissions that cannot be
eliminated. Companies cannot claim net-
zero until their long term science-based
target is reached and residual emissions
are neutralised.
KEY ELEMENTS FOR REACHING NET ZERO
1.5°C-aligned
emissions pathway
Em
iss
ion
s (
tCO
2e
)
2
Carbon removals
Gross GHG emissions in the
value-chain
Compensation activities
Net-zero emissions
1
34
By 2050 at the latest
5 to 10 years
Science-
based
emission
reduction
targets
Net-zero
commitment
* The term
compensation is
currently under review
and is being used as a
placeholder
FEATURES OF THE SBTI’S NET-ZERO FRAMEWORK
Does not rely on offsetting, but looks to incentivise climate finance.
Ensures that in the long-term residual emissions (about 5% of current energy and industry-related emissions) are effectively neutralised with removals.
Short and long-term targets lead to a level of abatement that is consistent with 1.5˚C. This means that many activities will fully decarbonise by the time of net-zero.
Long-term science-based targets cover all relevant emissions (95% of Scope 1 & 2 and 95% of Scope 3).
24
LEARN MORE ABOUT SCIENCE BASED TARGETS
• Consult the SBTi Resources
• SBTi Criteria and Recommendations
• Use the SBTi tool including scope 3 tool to model your targets
• Take the new UNGC E-Learning course on SBTs here
• Watch our new SBTi Net-Zero FAQ videos here
UK Green Building Council EventHolcim Case Study
11th August
ANTONIO CARRILLO - HEAD OF CLIMATE AND ENERGY
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
FAST FACTS ABOUT HOLCIM
>70 countries 2,300 operating sites ~72,000 employees 26.7billion CHF net salesLike-for-like
Net Zeropledge
SBTivalidated 2030 targets
ESGSustainalytics rating
Green Solutions1/3 of our sales
Global R&D
organization - 6 hubs worldwide
300 Scientists
In green construction
1,500 Patents
In green construction
100+ startupsopen innovation ecosystem
The world’s global
leader in building
solutions
Leading the way in
sustainability
#1 R&D
organization
in its industry
29
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
DID YOU KNOW?
80% of the population is expected to live in cities by 2050
Today 1.6 billion people lack adequate housing
3 billion people are expected to need affordable housing by 2030
The world is building the equivalent of New York City every month
Concrete is the second most used material after water
30
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
AT THE FOREFRONT OF DECARBONIZING OUR INDUSTRY
Construction
~38% world's
greenhouse gas
emissions
Cement 8% world’s greenhouse
gas emissions
31
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
AT THE FOREFRONT OF DECARBONIZING OUR INDUSTRY END-TO-END
OPERATIONS PRODUCTS BUILT
ENVIRONMENT
32
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
LEADING THE WAY IN OUR INDUSTRY’S DECARBONIZATION
Becoming a net zero company with industry’s most
ambitious 2030 climate targets in line with Paris
Agreement
Taking a rigorous science based approach with targets
validated by the Science-Based Targets initiative
(SBTi)
Working with Science Based Target initiative (SBTi) on
industry’s first cement roadmap for a 1.5°C future
and to publish the industry’s first climate
transition report
33
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
All indirect
emissions
SCOPE 3SCOPE 2SCOPE 1
Fuels combustion
Cement production
Raw materials decarbonation
Cement production
Energy generation
Aggregates and RMX operations
25% 20%5%2.5%
0.5%
47%
HOLCIM CO2 FOOTPRINT
34
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
800
700
600
500
1990 2006 2020 2022 2030
550
2018
555576
35
610
475
2022Target
2030Target
2050 and beyond
Holcim performance
Sector average
Kg C
O2 N
et / t cem
entitious
OUR PATHWAY TO NET ZERO
Holcim will reduce scope 1 CO2
emissions to a target consistent with a
net-zero pathway endorsed by SBTi
| UK Green Building Council Event | Antonio Carrillo | © Holcim 2021
Getting ready to scale up CCUS technologies
Accelerating green solutions
Expanding wind turbines and solar panel farms
Driving efficiency from automation to AI
Maximizing traditional levers
Carbon capture
Green products
Clinker factor and alternative fuels
Renewable energy
1990 2050
and beyond
2020 2030 204020102000
Plants of tomorrow
OUR BUILDING BLOCKS TO NET ZERO
36
Top Related