Eden Prairie-based Tennant Co., a global provider of mechanized cleaning equipment, has set ambitious new goals to achieve net-zero carbon emissions by 2040.
The company was among the earliest adopters of the Science Based Targets initiatives (SBTi) and has made significant progress toward those goals. It is now raising the bar with aggressive plans to eliminate their carbon footprint in the next 17 years.
"This is really a bold set of goals that translate our ambitions into tangible results," President and CEO Dave Huml said.
In 2018, Tennant was among the first 103 companies to have SBTi-approved greenhouse gas reduction targets. It has achieved some of those goals ahead of schedule, including a 37% decrease in legacy Scope 1 and 2 emissions against a 2016 baseline.
Tennant's new goals include a 45% reduction in greenhouse gas (GHG) emissions by 2030 along with being net zero by 2040.
"We've not had a net-zero target as a company before. And so we're excited to lead in that capacity," Huml said.
Many companies now have goals to reduce GHG emissions across Scope 1 and Scope 2 categories, which are most directly under their control. Fewer companies have put in place Scope 3 goals that look farther downstream in an organization's value chain and often have a greater impact.
SBTi has recognized Tennant for its work on Scope 3 emissions from the outset of the company's participation. Tennant is ahead of pace to exceed its initial Scope 3 goals by 2030.