Beko has received validation from the Science Based Targets initiative (SBTi) for its near and long-term net-zero science-based targets.

With the targets designed to deliver ambitious and measurable action on climate change, validation from the SBTi represents a significant environmental milestone for both Beko and the broader home appliance industry.

Signed in 2016, the Paris Agreement on climate change aims to limit global warming to 1.5°C above pre-industrial levels. Established in 2015, the SBTi is having an impact on the speed at which Agreement commitments are being met. SBTi companies with approved targets achieved emissions reductions which resulted in a total emissions decrease of 29% between 2015 and 2020.

Beko CEO, Hakan Bulgurlu said, “Every industry has a responsibility to meet critical global emissions targets designed to ensure the sustainable future of our planet. While we are proud to have been validated by the SBTi following the steps we have taken within the last 15 years to embed our emission reduction targets into our entire business model, there is more work to be done.

“Achieving net-zero targets requires addressing emissions across Scopes 1, 2, and particularly Scope 3. Scope 3 emissions account for 99% of our total emissions. Since 82% of total Scope 3 emissions stem from use of sold products, energy efficient products must remain a key focus. This makes it essential for our products to be particularly energy-efficient, supporting a sustainable future at every level of the value chain.”

Beko factory in Egypt.

With its approved science-based targets, Beko commits to reach net-zero greenhouse gas emissions across the value chain by 2050. As near-term targets, the company aims to reduce its absolute Scope 1 and 2 emissions by 42% in 2030 compared to a 2022 base year, and Scope 3 emissions from use of sold products by 42% for the same time frame.

For its long-term targets, Beko plans to cut its absolute Scope 1 and 2 emissions by 90%, and absolute Scope 3 emissions by 90% in 2050, also compared to a 2022 base year. 

“These goals cannot be met in isolation, and it is clear our industry and the entire business world must collaborate with each other, with government bodies, scientists, academics and the entire value chain to meet the ambitious but critically important targets we’ve set for ourselves to make them a reality,” Bulgurlu said.