Innovalift Near-Term and Net-Zero targets approved by SBTi
18 September 2025
We’re proud to announce that our greenhouse gas reduction targets have been officially approved by the Science Based Targets initiative (SBTi). This recognition confirms that our climate goals are aligned with the latest climate science and the ambition to limit global warming to 1.5°C.
By committing to SBTi, we are taking measurable steps to:
- Reduce emissions across our operations and value chain
- Innovate for energy efficiency and sustainable solutions
- Contribute to a net-zero future for our industry
This milestone reflects our dedication to transparency, accountability, and real climate action. Together with our partners and customers, we’re building a more sustainable future.
Innovalift takes important step to move people forward
“With the approval of our SBTi targets, Innovalift takes another important step in its sustainability journey. This recognition reflects our shared effort and our commitment to keep investing in a more sustainable way of moving people forward” says Andrea Veggian, CEO at Innovalift AB.
Ambitious goals for a sustainable future
Innovalift has set near-term goals to reduce absolute scope 1 and 2 GHG emissions 63.0% by 2035 from a 2022 base year. Innovalift also commits to reduce scope 3 GHG emissions 66.33% per SEK value added within the same timeframe.
Long-term Innovalift commits to reduce absolute scope 1 and 2 GHG emissions 90.0% by 2050 from a 2022 base year. Innovalift also commits to reduce scope 3 GHG emissions 97.0% per SEK value added within the same timeframe.
Commitment across the Innovalift group
In June 2025 Innovalift launched a group strategic framework of five key strategic areas aimed at reducing our climate footprint to net-zero. This is a joint commitment of all our organizations within the Group. Each of our companies have developed a roadmap with initiatives to be launched towards reduced carbon emissions in one of the following areas:
- Reduce embodied product carbon emissions
- Reduce use-phase emissions
- Energy efficient operations and transition to renewable energy sources
- Minimize environmental footprint of products by extending product lifetime
- Reduce climate impact from upstream and downstream transportation
Initiatives are being launched across the company group to explore a circular business offer and sustainability as a service to customers.
About the Science Based Targets initiative (SBTi)
The SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with climate science. It is a collaboration between CDP, the UN Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).