Specialty chemical company Clariant says it is “upgrading its ambitions for enabling a sustainable future” by committing to new 2030 targets to reduce CO2 emissions in line with the Science Based Targets initiative (SBTi). The new targets are officially validated by the SBTi, according to the company. Between 2019 and 2030, Clariant targets a 40% absolute reduction in scope 1 and 2 greenhouse gas emissions and a 14% absolute reduction in scope 3 greenhouse gas emissions, striving for the level of decarbonization required to keep global temperature increase to well below 2°C.1
“We congratulate Clariant for setting emission reduction targets in line with climate science and the goals of the Paris Agreement,” says Cynthia Cummis, director of private sector climate mitigation at World Resources Institute, one of the Science Based Targets initiative partners. “By setting targets that are grounded in climate science, Clariant is setting themselves up for success in the transition to a net-zero economy.”
Clariant’s science-based targets are reportedly accompanied by other environmental targets in the area of water intake, wastewater, hazardous waste, land-filled non-hazardous waste and nitrogen oxide emissions (NOx). Clariant says it also commits to the implementation of sustainable water management systems at all sites in areas of high water stress by 2030. The company has reportedly also adapted important governance aspects, such as linking greenhouse gas emissions reduction to remuneration and implementing internal carbon pricing.
Clariant is reportedly pursuing a mixed approach to reducing emissions across its value chain. The company says it will focus on increasing energy efficiency through digitalization in operations, increasing the use of green electricity and low carbon fuels and accelerating innovation in its value chains with increased use of low carbon raw materials such as waste streams and sustainable bio-based materials.
For more information, visit: www.clariant.com
