Overall Net-Zero Target: Siegfried Holding commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Siegfried Holding commits to reduce absolute scope 1 and 2 GHG emissions 66.89% by 2033 from a 2020 base year. Siegfried Holding also commits that 85% of its suppliers by emissions covering purchased goods and services, will have science-based targets by 2029. Siegfried Holding further commits to reduce absolute scope 3 GHG emissions from fuel and energy related activities, upstream transportation and distribution, waste generated in operations 32.5% by 2033 from a 2022 base year. Long-Term Targets: Siegfried Holding commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2020 base year. Siegfried Holding also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, upstream transportation and distribution, waste generated in operations, processing of sold products and end of life treatment of sold products 90% by 2050 from a 2022 base year.