Q&A About our Net Zero Carbon Emission Commitment

  • Q&A About our Net Zero Carbon Emission Commitment

    What does “Net Zero Carbon Emissions” mean?

    Net zero’ means that any emissions are balanced by absorbing an equivalent amount from the atmosphere.

    What is the meaning of science-based target 1.5°C?

    Science-Based Targets (SBTs) are GHG emission reduction targets consistent with the latest climate scenarios and their corresponding carbon budgets. SBTs define how much and how quickly companies need to reduce their emissions in order to mitigate climate change. SBTs enable companies to have a vision on where they need to be in the future.1.5°C is the Long-term temperature goal to avoid Climate Impacts.

    What is carbon sequestration?

    During photosynthesis, plants remove carbon (as CO2) from the atmosphere and store it in plant tissue. Until this carbon is cycled back into the atmosphere, it resides in one of a number of ‘carbon pools’.

    These pools include:

    • Above ground biomass (e.g., vegetation) in forests, farmland, and other terrestrial environments

    • Below ground biomass (e.g., roots)

    • Biomass-based products (e.g., wood products) both while in use and when stored in a landfill.

    Carbon can remain in some of these pools for long periods of time, sometimes for centuries. An increase in the stock of sequestered carbon stored in these pools represents a net removal of carbon from the atmosphere; a decrease in the stock represents a net

    What do the emission scopes (Scopes 1, 2 & 3) mean and what is the difference between them?

    Depending on the property rights over a certain source, the emissions can be classified into:

    Direct: those produced in sources that are owned or controlled by the company.

    • Scope 1: refers to emissions of gases that are generated in sources owned or controlled by the company.

    Indirect: emissions resulting from the activities of the company, but which occur in sources that are owned or controlled by another company.

    • Scope 2: corresponds to the emissions of energy acquired and consumed by the company, which are generated in the facilities where the energy is produced (Electricity)

    • Scope 3: (other indirect emissions): comprises emissions that occur in sources that are not owned or controlled by the company but are the product of its activities.

    What is electromobility?

    Using electric powertrain technologies, in-vehicle information, and communication technologies and connected infrastructures to enable the electric propulsion of vehicles and fleets.

    Powertrain technologies include full electric vehicles and plug-in hybrids, as well as hydrogen fuel cell vehicles that convert hydrogen into electricity. e-Mobility efforts are motivated by the need to address corporate fuel efficiency and emission requirements, as well as market demands for lower operational costs.

    What are the low carbon sustainable technologies?

    Technologies that can help significantly to reduce greenhouse gas emissions, promote access to energy and enhance productive energy use.

    To learn more, visit: