Steelcase Commits to a Net-Zero Future by 2050
Company unveils its industry-first transition plan to cut carbon emissions over 90% throughout its value chain.
Demonstrating transparency and accountability toward this goal,
This commitment builds on the organization's science-based targets set in 2019 to cut emissions in half in its own operations by 2030. The Science-Based Targets initiative, the leading authority guiding businesses on how much and how quickly they need to cut carbon emissions to reduce the impacts of climate change, validated the company's near-term and new net-zero targets.
"We are at a moment of transformation for our business and for the world we share. The reality of climate change demands that people and the planet are central to the choices we make to forge a more resilient future. This is why we already have established some of the most ambitious carbon-reduction goals at a greater global scale than anyone in our industry," says
The company's long history of a commitment to designing better futures for the wellbeing of people and the planet is demonstrated through three key areas: reducing its carbon footprint, designing for circularity and choosing and using materials responsibly.
"Our long history of commitment to the planet laid the foundation for greater impact through collective action. Through this work, we are transforming our business to drive innovative solutions, engage our suppliers and discover new ways to serve our customers," said Armbruster. "The progress we've already made sets the foundation for a net-zero future."
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*Our reductions are measured from a FY2020 base year.
Forward-looking Statements
From time to time, in written and oral statements, the company discusses its expectations regarding future events and its plans and objectives for future operations. These forward-looking statements discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to the company, based on current beliefs of management as well as assumptions made by, and information currently available to, the company. Forward-looking statements generally are accompanied by words such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "possible," "potential," "predict," "project," "target" or other similar words, phrases or expressions. Although the company believes these forward-looking statements are reasonable, they are based upon a number of assumptions concerning future conditions, any or all of which may ultimately prove to be inaccurate. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements and vary from the company's expectations because of factors such as, but not limited to, competitive and general economic conditions domestically and internationally; acts of terrorism, war, governmental action, natural disasters, pandemics and other Force Majeure events; cyberattacks; changes in the legal and regulatory environment; changes in raw material, commodity and other input costs; currency fluctuations; changes in customer demand; and the other risks and contingencies detailed in the company's most recent Annual Report on Form 10-K and its other filings with the
About
Established in 1912,
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