Kingspan, an Ireland-based building materials company, recently published its annual sustainability report, according to which the company will implement its first internal carbon fee next year, at a price of 70 euros per tonne of carbon dioxide equivalent.
The primary emissions goal for Kingspan is to cut absolute operational emissions, also known as Scope 1 and 2 emissions, by 90% by 2030, and then offset the rest to reach net-zero emissions.
The company has also committed to reducing Scope 3 emissions by 42% over the same period. To help achieve this goal, primary suppliers have been required to cut their emissions intensity in half within a decade.
