ABB

ABB is a global technology leader in electrification and automation. Our purpose is to enable a more sustainable and resource-efficient future. By connecting our engineering and digitalization expertise, we help industries run at high performance, while becoming more efficient, productive, and sustainable so they outperform. We call this: ‘Engineered to Outrun’. We have around 110,000 employees worldwide and a history that stretches back more than 140 years.

(2) Overview of ABB’s climate commitments

Enabling a low-carbon society is at the center of our purpose and value proposition and a key pillar of our Sustainability Agenda. To enable a low-carbon society, we are supporting the energy transition to renewable and low-carbon energy sources. We help our customers reduce and avoid emissions through our products, solutions, and services. We also work towards reducing emissions in our own operations and in those of our suppliers .

We are committed to reaching net zero by 2050. To achieve that goal, we have set SBTi- aligned & validated near-term and long-term greenhouse gas (GHG) emissions reduction targets:
- Reduce absolute scope 1 & 2 GHG emissions by 80 percent from 2019 to 2030.
- Reduce absolute scope 1 & 2 GHG emissions by 100 percent from 2019 to 2050.
- Reduce absolute scope 3 GHG emissions by 25 percent between 2022 and 2030.
- Reduce absolute scope 3 GHG emissions by 90 percent between 2022 and 2050.

We have also committed to three initiatives of the Climate Group to help us achieve our near-term scope 1 and 2 GHG emissions reduction target:
- Source 100 percent of our electricity from renewable sources by 2030. Commitment made to RE100 initiative.
- Electrify our entire vehicle fleet by 2030. Commitment made to EV100 initiative.
- Improve our energy productivity by 20 percent by 2030 relative to 2019 and implement an energy management system across global operations by 2030. Commitment made to EP100 initiative.

In addition to our SBTi-aligned GHG emissions reduction targets, we have the ambition to avoid emissions in customer operations.
- Ambition to avoid 600 mt GHG emissions throughout lifetime of products sold from 2022 to 2030

(3) Statement about why ABB is supporting Climate Week NYC

ABB is proud to support Climate Week NYC as part of accelerating the global energy transition and advancing climate action. As a global market leader, we have a responsibility to all our stakeholders to manage our businesses sustainably and contribute to sustainable development wherever we operate. We're excited to share our expertise in electrification, automation, and energy efficiency solutions, demonstrating how our technologies enable industries to operate leaner and cleaner. Climate Week NYC provides an essential platform for collaboration and knowledge-sharing as we work together to drive sustainable transformation.