TP Aerospace is committed to being at the forefront of the green transition of the aviation industry and to support its customers in decarbonizing their supply chains. As a natural extension of this commitment, TP Aerospace has now taken action to reduce its emissions in line with the Paris Agreement goals.
TP Aerospace has committed to reducing greenhouse gas emissions by 28% by 2030. This target has been approved by the Science Based Target Initiative (SBTI) and validated to be aligned with the Paris Agreement’s ambition to limit global warming to well-below 2°C.
Air travel is an emission intense activity, and according to the International Air Transport Association (IATA), the industry is estimated to be responsible for 2-3% of global carbon emissions. As demand for air travel is expected to increase every year over the next 20 year, the industry is experiencing an increasing pressure to transition towards more efficient and sustainable solutions.
“We have always had an ambitious agenda when it comes to our social, ethical and environmental footprint, and over the past few of years, we have seen a significant shift amongst especially our airline customers towards a higher level of climate awareness and commitments.” Says President and Co-Founder, Thomas Ibsoe and continues, “Therefore, we are naturally aligning our practices to ensure that we support our customers’ work to reduce the footprint of their extended value chains.”
The reduction target of 28% by 2030 is measured from a 2019 baseline year, which is also the latest year of normal operations before the Covid-19 pandemic hit. The target was validated by SBTI in the beginning of the year.
SBTI is a partnership between the CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature that defines and promotes best practice in emissions reductions in line climate science.
The dedication to science-based reduction targets is not only a natural extension of the company’s carbon emission reporting established in 2021, but also TP Aerospace’s commitment to the UN Global Compact, of which they have been a participant since 2017. All initiatives are designed to create full transparency of the company’s climate footprint.