GHG Emissions, Sourcing Renewables - June 6, 2022
Albemarle Advances in Climate Targets
Albemarle Corporation, a global specialty chemicals company, announced it is on track to meet or exceed its initial sustainability targets for GHG emissions and freshwater intensity.
The company procured renewable energy in the U.S. and the Netherlands and completed the construction of a $100 million thermal evaporator in Chile. Albemarle also engaged PricewaterhouseCoopers LLP to provide independent assurance of Scope 1 and 2 GHG data.
In this year's sustainability report, Albemarle announced its initial assessment of scope 3 GHG emissions, including areas such as purchased goods and services, processing of sold products, use of sold products and end-of-life treatment of sold products. The company will continue to refine its assessment in the coming years and will use the initial assessment to work with customers and suppliers to reduce emissions across the supply chain.
"Albemarle plays an important role in combating climate change, enabling the energy transition and supporting safe and sustainable advancement of electrification and digitalization," said Albemarle CEO Kent Masters in a statement. "Sustainability is core to our long-term strategy. Our Sustainability Report highlights progress, commitments, and successes we realized in 2021 on a global scale as we continue to add value for all our stakeholders through our sustainability efforts."