A leading multinational chemical company, demonstrated its steadfast commitment to sustainability by advancing innovation, optimizing operations, and reducing its environmental footprint across its global value chain. Anchored by its goal to achieve net-zero carbon emissions by 2050, the company made significant strides in multiple Environmental, Social, and Governance (ESG) focus areas, ranging from climate action and water stewardship to product safety and circularity.
The company has achieved a remarkable 66% reduction in scope 1 and 2 greenhouse gas (GHG) emissions in 2024, compared to its 2019 baseline. This milestone reflects the company’s focused efforts to transition its operations towards cleaner and more efficient energy systems.
In 2024, the company cut its scope 3 emissions from purchased goods, services, and the end-of-life of sold products by 60% compared to 2020 levels more than double the 25% reduction set under its Science Based Targets initiative (SBTi) for 2030.
To decarbonize its value chain, it prioritized renewable energy procurement. In 2024, 61% of the company’s electricity was sourced either directly from renewables or through renewable energy certificates.
Further, in a decisive move to cut emissions, they transitioned its steam generation systems from hydrocarbon-based fuels to zero-carbon alternatives, resulting in a 92% reduction in GHG emissions from coal-based steam generation compared to 2019 levels.
The water consumption decreased to 49 million gallons in 2024 from 51 million gallons in 2022, marking continued progress in conservation efforts.
Moreover, the company integrated sustainability into the design and delivery of its products, with a focus on enabling circularity and ensuring product safety. By embedding ESG principles into product development and supply chain processes, the company is setting a benchmark for sustainable innovation across the chemical manufacturing sector.
The sustainability performance highlights a well-rounded ESG approach, with clear progress in emissions, water use, and renewable energy. By aligning with global climate goals, the company continues to drive responsible transformation and long-term value.
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