In line with the expectations of the Paris Agreement to contain global warming to 1.5˚C above pre-industrial levels by the end of the century, Arkema has set itself a target, based on a science-based target (SBT) approach, to reduce its scope 1 and 2 greenhouse gas (GHG) emissions and its scope 3 emissions by 46% by 2030 relative to 2019. Thus, the group is raising its level of commitment from below 2˚C to 1.5˚C, and now also includes all scope 3 emissions.

This decarbonization target is based on energy efficiency and the evolution of the energy mix of Arkema’s industrial activities for scopes 1 and 2. Regarding scope 3, it includes the reduction of the most emissive activities, innovation contributing to a reduction in greenhouse gas emissions, and suppliers’ commitment upstream of the value chain. It will be supported by an increase in investments contributing to decarbonization, which could reach €400 million (approximately $407.2 million) by 2030 and which will be included in the group’s recurring capital expenditure envelope.

“As a responsible manufacturer, Arkema is strongly mobilized to address the major societal challenge of Decarbonization,” said Luc Benoit-Cattin, executive vice president. “With this new ambitious climate plan, the Group is taking a new step forward in its action for the fight against global warming. In particular, our cutting-edge expertise and innovation benefit our partners and customers in their own quest for sustainable performance, and we act on a daily basis to limit our carbon footprint.”

In line with its commitment to a 1.5˚C SBT trajectory, Arkema aims to limit its scope 1 and 2 emissions to 2 million tons of CO2 equivalent in 2030, a 46% reduction compared to the 3.7 million tons emitted in 2019. To achieve this objective, the group will rely in particular on its energy consumption reduction program implemented since 2012. The energy efficiency of its industrial activities has improved by 15% compared to 2012, and the group is looking to further raise this gain to 25% by 2030.

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