BIC ANNOUNCES GREENHOUSE GAS (GHG) EMISSION REDUCTION TARGETS
BIC ANNOUNCES
GREENHOUSE GAS (GHG) EMISSION REDUCTION
TARGETS
Long-term GHG emission reduction ambition in line
with the Paris Agreement on all Scopes
Scope 1 and 2 GHG emissions by 20301 in line with
the Paris Agreement target requirements
Commitment to reduce 5% of Scope 3 GHG emissions
by 2030, of which -30% for the Flame for Life division1
Redefining and accelerating BIC's longstanding commitment to
sustainability to help limit global warming while making GHG
emissions reduction a key component of BIC's long-term strategy
A further step in BIC's 2025 Writing the Future Together (WTFT)
environmental, social and societal commitmentsComplement BIC's
virgin plastic reduction commitments established in 2020
Scope 1 and 2 pledge to extend current efforts to reduce energy
consumption and switch to alternative sources of fuel
50% reduction for Scope 1100% reduction for Scope 2
Flame for Life division will reduce its Scope 32 GHG emissions
by -30% , spearheading a model for other divisions' ambitions and
actions
Flame for life division to pioneer the implementation of the
roadmap and reach a CO2 peak by 2025
“Our Greenhouse gas emission reduction objectives take us a step
further in our consumer-centric approach, grounded in Sustainable
Innovation, to respond faster and more impactfully to consumer
demands and the important topics of our generation,” said
BIC's Chief Executive Officer Gonzalve Bich. "Building on
our Writing the Future, Together Sustainable Development program
and years of innovation resulting in long-lasting products with a
light environmental footprint, these objectives reinforce BIC's
contribution to creating a sustainable future for all."
|
Reference year |
Percentage reduction |
Main drivers |
Scope 1 |
2019 |
-50% |
- Use of alternative heat sources
- Switch to low impact refrigerants
|
Scope 2 |
2019 |
-100% |
- Renewable sourcing for all electricity consumption
|
|
|
|
|
Scope 33 (Group) |
2019 |
-5% |
- Upgrade EMA4 with relevant CO2 reduction criteria and
threshold
- Strengthen strategic partnerships with its main plastic and
metal suppliers
- Implement innovation and renovation programs to improve product
design and integrate more sustainable materials
|
o/w Flame for Life |
2019 |
-30% |
- Work with the suppliers to obtain low carbon impact raw
materials
- Use biofuel in local transport
- Implement circularity through the collection and recycling of
lighters
|
BIC’s pathway
to
climate-consciousness:
1994 |
First Life Cycle Analysis |
2017 |
BIC initiates an innovative circular economy model in partnership
with Terracycle and PlasEco |
2017 |
A new ambition to improve BIC products’ environmental and societal
footprint by 2025 |
2020 |
50% use of non-virgin plastic in BIC’s products by 2030100%
recyclable, reusable, and compostable consumer packaging by 2025
|
2021 |
BIC integrates EMA, the Group’s sustainable scorecard for product
evaluation and improvement, to evaluate a products’ environmental
and societal impacts. |
2030 |
-50% GHG emission from Scope 1-100% GHG emission from Scope 2-5%
GHG emission from Scope 3 (-30% for the Flame For Life division)
|
2050 |
GHG emission reduction targets for all scopes in line with the
Paris Agreement |
Clichy, France, 19
May,
2022 –BIC recognizes climate change is one of
the greatest threats to our planet, the environment, and society.
As a Global company, BIC announces today its efforts to continue
fighting climate change and ensure that its GHG emissions are
reduced in all activities.
Scope 1 and 2 objectives are in line with the Paris Agreement
and Scope 3 objectives pledge an overall 5% reduction by 2030, of
which -30% for the Flame For Life division. These commitments are a
further step in BIC’s 2025 Writing the Future, Together sustainable
development program. The investments required to reach these
targets are fully embedded into BIC's Horizon Strategic Plan.
Redefining and accelerating BIC's longstanding commitment to
sustainability to help limit global warming while making GHG
emissions reduction a key component of BIC's long-term strategy
BIC's longstanding commitment to sustainability started well
ahead of the Paris Agreement, with its 1st Life Cycle Product
Analysis in 1994.
BIC has been working to reduce its environmental impact for more
than 20 years and integrated climate change into its business
strategy through risk and mitigation plans, tracking of GHG
emissions for all Scopes, and publicly disclosing its annual GHG
emissions in its Climate Report.
These actions to increase environmental performance transparency
were rewarded by a confirmed A- leadership 2021 CDP score on
Climate Change and the renewal of our commitment to the French
Business Climate Pledge.
Throughout the years, BIC's sustainable development efforts
resulted in the Writing the Future, Together sustainable
development program launched in 2018, which established five major
environmental, social and societal commitments with additional
commitments to transform the Group's plastic use defined in 2020.
This program has spurred BIC's innovative products and increased
the use of renewable electricity.
Scope 1 and 2 pledge to extend current efforts to reduce energy
consumption and switch to alternative sources of fuel
As part of our science-based targets, BIC commits to reducing
50% of GHG emissions for Scope 1 and 100% for Scope 2. These
objectives are in line with the Paris Agreement target requirements
and backed by the near completion of the 100% purchase of renewable
electricity objective on all sites in 2025 (79% in 2021).
Additional actions to achieve these targets include: improving
insulation and heat losses in the manufacturing processes, using
alternative heat sources and low-impact refrigerants.
Flame for Life division will reduce its Scope 3 emissions by
-30% , spearheading a model for other divisions' ambitions and
actions
Fully aligned with Writing the Future, Together, the Flame for
Life division's sustainable development program is driven by
innovation and continuous improvement of existing products and
processes. As a result, it can leverage its learnings and commit to
reducing 30% of Scope 3 GHG emissions by 2030, thus, spearheading
the Scope 3 GHG emission reductions Group efforts.
The division leadership includes the following ongoing
actions:
- Working with the suppliers to source
recycled and bio-sourced raw materials
- Using biofuel in local transport in
the short term while looking for alternative transportation methods
alongside tools to improve transportation efficiency
- Reintegrating recycled material into
new lighters and other BIC products
- Adopting plastic-free packaging
One of the first results of these actions is the development of
the J26® Ecolution lighter, a product with a 16% improved
environmental impact that will be launched in H2 20225.
By following a similar pathway and focusing on engaging our main
plastic and metal suppliers, the Human expression and Blade
excellence divisions will be able to reach similar reductions in
GHG emissions.
BIC's long-term GHG emission reduction ambitions are in line
with the Paris Agreement
Climate change is an ongoing challenge, requiring continuous
efforts to reduce GHG emissions drastically. BIC will continue to
invest resources beyond 2030 to reduce its GHG emissions and be
part of the global movement to reach carbon neutrality by 2050,
aligned with a 1.5°C scenario of the Paris Agreement. BIC will also
involve all its strategic suppliers in the fight against climate
change by taking advantage of its existing sustainable procurement
program. Engaging suppliers in initiatives and partnerships will be
key to this long-term ambition.
* *
*
ABOUT BIC
A world leader in stationery, lighters and shavers, BIC brings
simplicity and joy to everyday Life. For more than 75 years, the
Company has honored the tradition of providing high-quality,
affordable, essential products to consumers everywhere. Through
this unwavering dedication, BIC has become one of the most
recognized brands and is a trademark registered worldwide. Today,
BIC products are sold in more than 160 countries around the world
and feature iconic brands such as BIC Kids™, BIC FlexTM, BodyMark
by BICTM, Cello®, Djeep, Lucky Stationery, Rocketbook, Soleil®,
Tipp-Ex®, Us. TM, Wite-Out®, Inkbox and more. In 2021, BIC Net
Sales were 1,831.9 million euros. The Company is listed on
"Euronext Paris"," is part of the SBF120 and CAC Mid 60 indexes and
is recognized for its commitment to sustainable development and
education. It received an A- Leadership score from CDP. For more,
visit www.bic.com or follow us on LinkedIn, Instagram, Twitter, or
YouTube.
CONTACT
Sophie
Palliez-CapianVP, Corporate Stakeholder Engagement+33 1 45 19 55
28+ 33 87 89 3351Sophie.palliez@bicworld.com Maria EscobarESG
Manager+ 33 1 45 19 48 32Maria.escobargranet@bicworld.com |
Albane de La Tour
d’Artaise Senior Manager, Institutional Press Relations+ 33 1 45 19
51 51+ 33 7 85 88 19 48Albane.DeLaTourDArtaise@bicworld.com
Isabelle de SegonzacImage 7+ 33 6 89 87 61
39isegonzac@image7.fr |
2022 AGENDA
ALL DATES TO BE CONFIRMED
1st Half 2022
Results |
August 2, 2022 |
3rd Quarter 2022
Results |
October 27, 2022 |
###
1 2019 Baseline year2 Scope 3 reduction targets cover at least
66% of the total Scope 3, in line with current target-setting best
practices.3 Scope 3 reduction targets cover at least 66% of the
total Scope 3 emissions, in line with current target-setting best
practices.4 Environmentally & Socially Measurable Advantage
scorecard, co-developed with EY specialist in 20205 BIC
J26 Ecolutions has a 16% improved environmental impact
(thanks to recycled and biosourced material and green
electricity) and benefits from 14% CO2 compensation programs
vs the best existing BIC Lighter products (J26 Maxi)
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