Cary Group is committed to reducing its carbon footprint to meet the targets set by the Science Based Targets initiative, an international framework that validates emissions reduction trajectories compatible with the Paris Agreement. The tool chosen by Cary Group is Internal Carbon Pricing (ICP).
Previously, Cary Group offset its greenhouse gas emissions by financing projects external to its business, such as tree planting or the installation of wind turbines in developing countries, with no real impact on its own emissions. Now, the company charges its own entities across Europe (Sweden, Portugal, UK, Denmark) for their emissions, and reinvests these funds in internal carbon-reduction projects. The money raised in 2025 has, for example, been used to install solar panels on its Swedish and Portuguese sites, thus acting at the source of greenhouse gas emissions. In the UK, fast-charging stations have been installed, with the aim of switching employees to a fleet of electric vehicles. Finally, the Swedish company has invested heavily in more precise paint spraying tools in Denmark and Sweden, thus reducing the quantity of solvents used.
In the medium and long term, this choice will enable us to tangibly measure each site's efforts to reduce its carbon footprint. "We are extremely pleased with the results of the internal carbon pricing initiative. It's inspiring to see how the various Cary Group entities have used the funding for projects with a direct impact on reducing emissions," enthused Helene Gustafsson, Cary Group Communications Director.
