2021 Annual and Sustainable Performance Report

The Arkema story, the four pillars of our transformation

3. Climate Plan: doing more for the climate

In line with the Paris Agreement, Arkema is contributing to the global effort to limit global warming below 2°C above pre-industrial levels, by 2100. The Group is committed to an ambitious climate plan, with a target of reducing its absolute greenhouse gas (GHG) emissions by 38% from its 2015 level by 2030, regardless of the growth of its activities.

This implies the constant improvement of production processes, the decarbonization of energy sources, and a specific policy of optimizing energy efficiency. “We significantly reduced our GHG emissions in 2021 and increased our efforts to engage our suppliers in setting ambitious climate targets,” says Virginie Delcroix. “Indeed, we must think about and act for the climate on the entire upstream-downstream value chain.”

In addition to continuous improvement and innovation in manufacturing processes, achieving the objectives of this climate plan requires the continuation of energy sourcing efforts and the priority consideration of the carbon issue in all investment decisions (acquisitions, construction and unit extensions). Each of Arkema’s business lines is expected to contribute to this evolution, with the end goal of reducing the carbon footprint of our products and, in turn, that of our customers.

A collaborative approach is key, both the climate and the circular economy. “These issues require exploring outside of the usual frameworks and defining new processes,” emphasizes Arkema’s Head of Sustainable Development. “The Group therefore works together with its customers, its suppliers, in consortia, with universities and all essential partners to develop innovative and competitive technical solutions.”

ARKEMA CLIMATE PLAN: A COMMITMENT ALIGNED WITH THE PARIS AGREEMENT

(absolute greenhouse gas emissions)

2015: 4,720, 2019: 4,087, 2020: 3,628, 2021: 3,117 (-34%), 2030: 2,950 (-38%(Target for absolute GHG emissions (scopes 1 & 2 + ODS) vs 2015))

Science Based Target is well below 2°C

In kt of CO2 equivalent

We significantly reduced our greenhouse gas emissions in 2021 and increased our efforts to engage our suppliers in setting ambitious climate targets.
Virginie Delcroix, Head of Sustainable Development