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Chemours Takes the Next Step in its ESG and Sustainability Journey; Commits to Set Science-Based Emissions Reduction Targets

Chemours Takes the Next Step in its ESG and Sustainability Journey; Commits to Set Science-Based Emissions Reduction Targets

Company-wide emissions reductions submitted to the Science Based Targets initiative

The Chemours Company, a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced the latest step in its journey to help build a sustainable future through a signed commitment with the Science Based Targets initiative (SBTi) to establish science-based targets for scopes 1, 2, and 3 greenhouse gas (GHG) emissions. Chemours’ pledge complements the progress the company continues to make against the ESG goals outlined in its 2030 Corporate Responsibility Commitment (CRC).

“Chemours is helping create a better world through the power of our chemistry, and our environmental leadership is driven by our sustainable product portfolio and commitment to responsible manufacturing. Since announcing our Corporate Responsibility Commitment goals in 2018, we’ve continued to challenge ourselves to achieve more, including setting a more ambitious goal to achieve a 60% absolute reduction of operations-related GHG emissions by 2030,” said Mark Newman, President and CEO of Chemours. “Pursuing science-based emissions reduction targets reflects how we continually work to strengthen our ambitious climate goals. We will continue to act with courage and agility to reduce our operational impact while delivering more innovative and sustainable solutions that enable other companies and governments to achieve their climate goals.”

See related article: New ONE Gas ESG Report Highlights Emissions Reduction Strategy, Industry-Leading Safety and Expanded Disclosures

Chemours is among the first chemical companies to commit to setting science-based targets with SBTi, a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. The initiative is a collaboration between the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF), and the United Nations Global Compact, which Chemours signed in 2018. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

Chemours chemistry powers products used every day to live better, from smartphones to 5G communications, lower global warming potential refrigeration, more modern and advanced infrastructure, and low to no emission vehicles. The company’s chemistry is also critical in realizing a more sustainable future by enabling clean energy such as hydrogen that can be created through water electrolysis or stored in fuel cells to generate electricity on demand.

Source: Chemours


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