Clariant sets climate targets
Clariant has committed to new 2030 targets to reduce CO2 emissions in line with the Science Based Targets initiative (SBTi), which has validated them. This follows the establishment last year a dedicated unit to accelerate its sustainability transformation. The targets are:
* 40% absolute reductions in Scope 1 (made directly during production) and 2 (emitted indirectly, mainly through consuming steam and electricity) greenhouse gas emissions (GHG) emissions on 2019 levels
* A 14% absolute reductions in Scope 3 (other indirect) GHG emissions on 2019 levels
There are further targets in the areas of water intake, wastewater, hazardous waste, non-hazardous waste to landfill and nitrogen oxide emissions. The company has also committed to implementing sustainable water management systems at all sites in areas of high water stress by 2030 and adapted such aspects of governance as linking GHG reduction to remuneration and implementing internal carbon pricing.
Clariant said that it is “pursuing a mixed approach to reducing emissions across its value chain”. It will focus on increasing energy efficiency through digitalisation in operations, increasing the use of green electricity and low carbon fuels, while increasingly using low-carbon raw materials such as waste streams and sustainable biobased materials.