Energy Efficiency, GHG Emissions, Industrial - June 11, 2024
Chemours Receives SBTi Approval for Emissions Targets
The Chemours Company, a global chemistry company, achieved a 52% reduction in operational GHG emissions in 2023 since 2018 and is on track for a 60% reduction by 2030.
The company also reached a 59% reduction in total process fluorinated organic chemical (FOC) emissions to air and water since 2018, with a goal to achieve a 99% or more reduction by 2030.
Chemours announced the Science Based Target initiative (SBTi) approved the company's near-term science-based GHG emissions reduction targets. This includes the company’s existing goal of an absolute 60% reduction in Scope 1 and 2 GHG emissions by 2030 and a new Scope 3 target to reduce emissions by 25% per ton of production by 2030.
The company also met and surpassed its sustainable supply chain goal, assessing the sustainability performance of 81% of suppliers by spend, with 24% demonstrating improvement in sustainability performance. Additionally, 85% of Chemours’ supplier partners scored above the average threshold of all companies rated by EcoVadis.
Chemours invested $3 million in the Center for Clean Hydrogen as part of the Clean Hydrogen Partnership, which will work to solve the challenges of creating low-cost clean hydrogen and efficient hydrogen energy conversion.
Details were announced in the seventh edition of its annual Sustainability Report, outlining the company’s progress toward meeting its 2030 Corporate Responsibility Commitment (CRC) goals.
“Chemours’ commitment to sustainability and our values is unwavering. We’ve made significant progress against our Corporate Responsibility Commitment goals, prioritizing actions that improve how people live, power modern progress, and protect our planet for future generations,” said Denise Dignam, President and CEO of Chemours, in a statement. “We are focused on priorities that matter to our company, customers, and stakeholders, and we fully integrate sustainability into our business decisions and actions across our organization.”
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