Materials producer Arkema has announced a new climate plan, aligned with the Paris Agreement.
Under the Paris Agreement, the global temperature rise this century will remain ‘well below 2 degrees Celsius above pre-industrial levels and efforts will be pursued to limit the temperature increase even further to 1.5 degrees Celsius’.
To that end, Arkema Group has therefore undertaken to reduce its absolute greenhouse gas (GHG) emissions by 38% in 2030, compared to 2015. The company acknowledges that the plan is an ambitious one. For it to succeed, the impact of GHG emissions will, more than ever, figure as a dominant factor in the company’s every decision, ‘whether for industrial investments, energy supply contracts or acquisition projects’, said Thierry Le Hénaff, Chairman and CEO of Arkema.
“We’re calling on each of our business lines to contribute to this reduction,” he added.
Arkema has long been committed to the fight against global warming. The company achieved its previous 2025 target - a 50% reduction compared to 2012 in direct intensive greenhouse gas emissions - in 2018.
Under the new commitment, the Group is seeking to reduce its absolute emissions by more than 1.7 million metric tons of CO2 equivalent compared to 2015. The aim is to emit under 3 million metric tons in 2030, regardless of the increase of its production volumes; in other words, a decrease of 38% over 15 years.
This climate plan was drawn up following a detailed study of growth projections for the Group’s activities, plans to improve industrial processes and reduce energy consumption, and the possibility of purchasing electricity from increasingly low-carbon sources.