Loxam’s carbon goals get validation
05 February 2024
Loxam said its carbon reduction strategy had been validated by the Science Based Targets initiative (SBTi) making it one of the first equipment rental companies to obtain the certification.
In December last year, UK rental company VP plc said its strategy had also been validated by SBTi.
Loxam’s plan, launched in 2019, commits the group to reducing by 50% its Scope 1 and 2 emissions – those from its buildings and internal vehicles - and by 30% its Scope 3 emissions, which come from the manufacture, transport and use of its rental fleet.
To reach its 2030 target, the company has an action plan including the use of renewable energy at its branches (so far 50% of sites are covered), the electrification of its light vehicles, the use of natural gas-powered lorries for equipment transport, and major investments in low-emission equipment (electric, hybrid, gas and hydrogen powered).
SBTi defines best practices in reducing greenhouse gas emissions in line with the latest scientific research and in compliance with the 1.5°C global warming limit, with assessments made by independent specialists. It was established in 2015 by organisations including the Carbon Disclosure Project, the UN Global Compact and WWF.
Alice Hénault, group strategy and development director at Loxam, said; “We are delighted that Science Based Targets initiative has confirmed the relevance of our environmental policy, fully in line with the Paris Climate Agreement.
“Loxam has supported this initiative from the very beginning, in 2021, because we wanted to place our ambitions within a recognised international framework, a guarantee of sincerity and transparency.
“We are fully committed to continuing our efforts, with our ecosystem of customers and suppliers, to achieve our targets.”
The company’s new Loxgreen service supports customers in making the energy transition by providing advice and solutions for low-emission equipment and recharging technologies, and through staff training and carbon footprint calculations.
Loxam said several dozen low-carbon projects hade been completed in France and abroad by 2023.