Energy Efficiency, GHG Emissions, Industrial, Sourcing Renewables - July 11, 2022
Arkema Sets 2030 Goals
Arkema has set a target to reduce its Scope 1 and 2 GHG emissions and its Scope 3 emissions by 46% by 2030 relative to 2019.
The materials company is raising its level of commitment from well below 2°C to 1.5°C and it also includes all Scope 3 emissions.
This decarbonization target will be supported by an increase in investments contributing to decarbonization, which could reach €400 million by 2030 and will be included in the group's recurring capital expenditure budget.
“As a responsible manufacturer, Arkema is strongly mobilized to address the major societal challenge of decarbonization,” said Luc Benoit-Cattin, Executive Vice President Industry and CSR in a statement. “With this new ambitious climate plan, the Group is taking a new step forward in its action for the fight against global warming. In particular, our cutting-edge expertise and innovation benefit our partners and customers in their own quest for sustainable performance, and we act on a daily basis to limit our carbon footprint.”
To achieve the 2030 objective, the Group will rely in particular on its energy consumption reduction program implemented since 2012. The energy efficiency of its industrial activities has already improved by 15% compared to 2012, and the Group is looking to further raise this gain to 25% by 2030.
Arkema will also focus on accelerating the decarbonization of its energy sources through long-term commitments to renewable energy procurement, like recently at the Clear Lake site in the U.S. and by working with its partners to reduce the carbon footprint of purchased steam.
For its own steam production, Arkema will turn to alternative fuels or the electrification of its boilers at some of its sites. These initiatives are based on assumptions of low-carbon energy availability at a cost that safeguards the competitiveness of the Group's activities in the various countries it operates in that have expressed its commitment to carbon neutrality.
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