MOSCOW (MRC) -- Arkema sets a new climate plan with more ambitious targets by 2030 across its whole value chain, approved by the organization Science Based Targets initiative (SBTi), said the company.
The Group now aims to reduce its greenhouse gas emissions by 48.5% for Scopes 1+2 and by 54% for Scope 3 by 2030 versus 2019.
In July 2022, the Group had set new greenhouse gas reduction targets, in line with the expectations of the Paris Agreement, which aims to limit global warming to 1.5°C above pre-industrial levels by the end of the century.
Thanks to significant progress made in 2022, these targets have been raised, and Arkema now aims for a 48.5% reduction in the Group's greenhouse gas emissions for Scopes 1+2, and a 54% reduction for Scope 3 by 2030 relative to 2019. These new targets have been approved by the independent global organization Science Based Targets initiative (SBTi).
“Arkema has made long-standing commitments in the fight against climate change,” said Thierry Le Henaff, Chairman and CEO. “From its energy procurement policy to industrial innovation, from its portfolio of solutions to the dissemination of a ‘climate and environment culture’, this virtuous trajectory mobilizes all of the Group's components, and we are particularly proud that our new 2030 targets have been validated by the SBTi,” added Le Henaff.
Already committed for many years to the pursuit of energy efficiency at its industrial sites through its Arkema Energy program, and to the development of low-carbon energy procurement, the Group has identified room for improvement in its Scopes 1+2, and so plans to reduce its emissions from 3.7 million tons of CO2 equivalent in 2019 to 1.9 million tons in 2030.
We remind, Arkema announces the doubling of its polyester resins capacity in its Navi Mumbai facility in India, reinforcing the Group’s leadership position in the global powder coatings market and its commitment to developing very low-VOC technologies. Arkema invested in the Navi Mumbai facility in early 2019 to expand geographic coverage of its high performance, more sustainable, low-VOC products, and to support its customers in their development. The site includes a modern manufacturing unit and a dedicated laboratory to provide application development and technical support in the region.