Industrial gas giant Linde has said it will invest more than $1bn in decarbonisation initiatives, as laid out in its 2020 Sustainable Development Report.
The report, published today (August 27th), showcases the company’s approach to reducing greenhouse gas emissions (GHGs) by its target date of 2028.
Amidst an international focus on achieving net zero and carbon emission reduction, Linde has set targets to improve efficiency in several areas of its gas production process including its air separation unit (ASUs) after revealing that 13% of its Scope 1 emissions were from ASUs.
To tackle this, the company intends to increase its low-carbon sourcing.
Linde also aims to see an absolute reduction of 10% in other GHG emissions, including US electronics and refrigerant gases. 2020 results show a 9.3% improvement over baseline, achieved by the company defining and improving its best practices due to “improved reporting”.
The company also plans to spend at least a third of its annual R&D budget on decarbonisation, including the development of “industry-leading” carbon capture technologies.
By defining its GHG emission reduction methods and outlining its targets, Linde can continually review and improve its sustainable development goals.
Linde’s 2020 Sustainable Development Report can be accessed here.