Arkema, a multi-national manufacturer of specialty materials, is setting new, more ambitious targets by 2030 across its whole value chain. The Group now aims to reduce its greenhouse gas emissions by 48.5% for Scopes 1+2 and by 54% for Scope 3 by 2030 versus 2019.
In July 2022, the Group had set new greenhouse-gas reduction targets, in line with the expectations of the Paris Agreement, which aims to limit global warming to 1.5° C above pre-industrial levels by the end of the century.
Thanks to significant progress made in 2022, these targets have been raised, and Arkema now aims for a 48.5% reduction in the Group’s greenhouse gas emissions for Scopes 1+2, and a 54% reduction for Scope 3 by 2030 relative to 2019.
These new targets have been approved by the independent global organization Science Based Targets Initiative (SBTi).
For its Scope 3 greenhouse gas emissions, the Group is committed to taking action across its entire value chain by reducing its emissions from 152 million tonnes of CO2 equivalent in 2019 to 70 million tonnes in 2030.
To achieve this, Arkema aims to increase the share of its renewable or recycled raw materials, select raw materials with a lower carbon footprint, reduce its most emissive activities, and develop polymer recycling channels, for example through the Virtucycle program.
In addition, the Group leverages the strength of its innovation for sustainable development to further develop its product and service offering towards solutions that contribute to the reduction of greenhouse-gas emissions.
“Arkema has made long-standing commitments in the fight against climate change,” said Thierry Le Hénaff, chairman and CEO. “From its energy procurement policy to industrial innovation, from its portfolio of solutions to the dissemination of a ‘climate and environment culture,’ this virtuous trajectory mobilizes all of the Group’s components, and we are particularly proud that our new 2030 targets have been validated by the SBTi.”