Industrial | Page 94

Dow Benelux released June 8 its roadmap for achieving its 2050 carbon neutrality goal by setting its sights on an interim target of reducing CO2 emissions from its Terneuzen, the Netherlands, operations by more than 40% by 2030.

Smithfield Foods committed June 2 to reduce greenhouse gas emissions across its entire domestic supply chain 30% by 2030.

Colgate-Palmolive reduced emissions 37.5% from 2002 to 2020 and now is accelerating its action on climate change.

Newmont Corporation announced June 3 that it is committed to a 30% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 2 emissions by 2030, intending to be carbon neutral by 2050.

Arconic Corporation announced June 2 that it successfully decreased greenhouse gas emissions by 13.8% from 2019 to 2020.

United Microelectronics Corporation announced June 1 its commitment to being net-zero by 2050.

Citi, Goldman Sachs, ING, Societe Generale, Standard Chartered and UniCredit are collaborating on developing a finance agreement that will support the decarbonization of the steel industry.

Organic Valley dairy farms were found to have a smaller carbon footprint than the average U.S. dairy farm in a new study conducted by the University of Wisconsin-Madison.

Kao Corporation announced May 18 that it is targeting net-zero carbon emissions by 2040 and to be a carbon-negative company by 2050.

It’s clear that an increasing number of industry leaders have taken the first steps toward carbon neutrality, while simultaneously optimizing their energy bill costs. Few, however, are well-advanced in their promises and actions.  This column from management consultancy Arthur D. Little explores hurdles and options industrial and large commercial companies should consider in order to achieve their ambitions.