Energy Efficiency, GHG Emissions, Industrial - May 28, 2024
Huntsman Achieves 60% Progress on 2025 Goals
Huntsman Corporation, a specialty chemicals manufacturer, announced a 60% collective progress on its near-term Horizon 2025 targets.
The company is targeting a 10% reduction in its energy consumption and Scope 1 and 2 GHG emissions intensity by 2025 from a 2019 baseline.
Huntsman’s goal is to engage its suppliers and service providers, who are estimated to constitute two-thirds of its non-product use Scope 3 emissions, to establish their own carbon-neutral goal by 2027.
Details were announced in its 2023 corporate sustainability report, "Solutions for Sustainability."
"The report demonstrates how Huntsman's many innovative solutions are essential to realizing the sustainability goals of today and tomorrow," said Brittany Benko, Senior Vice President of Environmental, Health, Safety and Manufacturing Excellence and Corporate Sustainability Officer for Huntsman, in a statement. "The facts are, without chemical companies like Huntsman, sustainability simply isn't possible."
Huntsman's portfolio provides an array of energy-saving solutions, from its insulation products for residential and commercial buildings to its products designed for the lightweighting of cars and airplanes, which are designed to lower GHG in the atmosphere. Huntsman continues to invest in products that make global sustainability goals attainable.
Huntsman discloses against the Task Force on Climate-related Financial Disclosures (TCFD), further improving the quality of its disclosures in accordance with both the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) frameworks. Limited assurance has been provided by a third party for operational greenhouse gas emissions (Scope 1 and Scope 2) and water consumption.
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