Energy Efficiency, GHG Emissions, Industrial - October 21, 2024
Charter Next Generation Issues First Emissions Report
Charter Next Generation, a specialty films and material science solutions company, released its first Sustainability Report.
CNG’s direct GHG emissions from manufacturing (Scope 1) and purchased energy (Scope 2) were about 10% of total emissions. Indirect emissions from its upstream and downstream supply chain (Scope 3) were about 90% of the total.
The company’s Scope 3 value chain emissions in 2023 were driven by purchased goods and services, representing 55% of Scope 3 emissions and 51% of the entire footprint. Upstream and downstream transportation and distribution represented 11% and 2% of Scope 3 emissions respectively.
CNG’s near-term Scope 3 science-based target commits to reducing the intensity of its products by 52% per kilogram of film produced by 2030. As purchased goods and services and transportation collectively account for more than 65% of CNG’s Scope 3 emissions, reducing them will be the key to achieving this target.
The company is working to lower the Scope 3 impact of purchased goods and services through partnerships with suppliers that will reduce the emissions of incoming resin, increase usage of PCR and other reduced-emissions raw materials and grow its use of carbon-negative raw materials like Newlight Technologies’ AirCarbon.
To reduce the impact of transportation, CNG seeks to maximize the use of rail transport for incoming resin and minimize less-than-truckload (LTL) shipments to customers.
In 2023, 16% of CNG’s energy needs were sourced from renewable energy — solar, wind, hydroelectric and biomass — through grid connections. In addition, CNG acquired renewable energy credits (RECs) from wind power. CNG also invested in the Superior Community Solar Garden in Superior, Wisconsin, and plans to increase the proportion of renewable energy in its operations by 2030 and is actively pursuing additional renewable projects to achieve this goal.
CNG's GHG emissions reduction targets were validated by the Science-Based Targets Initiative (SBTi). The company is committed to reducing Scope 1 and 2 emissions by 42% by 2030 and 90% by 2050 and also targets reducing Scope 3 emissions by 52% per kilogram of product produced by 2030 and by 97% per kilogram of product produced by 2050.
"At CNG, adaptability and innovation are fundamental to our success in safety, sustainability, and financial performance," said Kathy Bolhous, Chairman and CEO, in a statement. "These dedicated efforts in 2023 have led to substantial progress in our sustainability commitments, including doubling the volume of sales of sustainable film products and establishing ambitious GHG emissions reduction targets."
Read These Related Articles:
Stay Up-To-Date
