Sustainability Targets

Our Carbon Business Strategy has a long-term horizon and is overseen by Global Carbon Business Leader Eduardo Nardinelli. In 2022, we established a GHG emissions reduction roadmap with tangible actions to achieve our 2030 targets. To inform this process, we assessed customer needs in strategic end-markets, and the regulatory and policy landscape. We will focus on the following key areas: Carbon Operational Excellence, Energy Transition,
Innovation and Value Chain Collaboration.

• Scope 1: Improving efficiency in our operations and optimize our fuel mix. Achievements include the partnership with Adven to
  source steam for our Kvarntorp site produced from renewable wood pellets and avoid having to create steam on site using fossil fuels. Supply expected to start in the second quarter of 2023.
• Scope 2: Increasing our use of renewable energy through power purchase agreements (PPA), on-site renewables, and green utility programs. Achievements include our solar/wind powered Mons site in Belgium, our Guangzhou, China that runs on 100% electricity
  from renewable energy and, five carbon neutral manufacturing sites in Brazil. 
• Scope 3: We are currently analyzing indirect GHG emissions from activities across our value chains. Achievements includes evaluating potential lower-carbon raw materials with suppliers.

In addition, across all scopes we are:

• Exploring collaboration opportunities with our customers and suppliers as well as evaluating and deploying new innovation technologies such as those in the ICOS Capital Fund III, where we are a strategic investor.
• Integrating net zero and climate change considerations into our strategy and planning.
• Alignment with United Nations Sustainable Development Goals
• Running several projects in the pipeline across all regions, including:
  • Signing the first on-site PPA in North America
  • Transitioning to renewable electricity in China
  • More solar panels and a wind turbine at our site in Mons.

ESG Reporting