Croda is joining a number of specialty chemical companies that are following Science Based Targets (SBT) as part of aims to restrict global warming to 1.5°C above the pre-industrial average.
To this end, the company has already established group targets to achieve a 50% reduction in absolute greenhouse gas emissions based on its 2006 levels by 2030 and an 80% reduction by 2050.
Croda focuses on sustainability
Croda is a part of the Science Based Targets initiative, which is a collaboration between the CDP, the United Nationsl Global Compact, the World Resource Institute and the World Wide Fund for Nature, and its involvement in this project has served to enhance its sustainability goals.
“We are proud to be one of around 600 companies taking science-based climate action and reducing greenhouse gas emissions by committing to Science Based Targets,” said Terry Thistlethwaite, Vice President of Sustainability at Croda.
“Our business purpose is to use Smart Science to Improve Lives, this is just one area where we are pushing ourselves and supporting our customers to have a positive impact on the planet and society. We will continue to lead the specialty chemicals industry with our approach to sustainability.”
Bio-based sourcing
Croda executives say that a lot of its improvements have come from changes to the way it sources its raw materials, with 60% of those materials now being from bio-based sources, something that puts it in an industry leading position.
But to become even more ‘climate positive’ the company says it is now focus on the use of even more bio-based raw materials, as well as focusing on ways of making carbon savings from products as they are used by their customers and end consumers.
The company claims that in 2018 over 700,000 tons of GHG emissions were avoided through just four of its products in applications, many of which avoid additional carbon and water intensive manufacture.