Arkema strengthens its commitment to the climate
Latest: In line with the Paris Agreement’s goal of keeping global average temperatures within 1.5 degrees Celsius above pre-industrial levels by the end of the century. Arkema is leading by example with its ambitious plan to reduce Scope 1, Scope 2 Greenhouse Gas (GHG) and Scope 3 emissions by 46% compared to 2019 levels by 2030, based on the Science-Based Target (SBT) pathway. As a result, the Arkema Group has increased its climate commitment from below 2°C
Adjusting to below 1.5°C also increases the Scope 3 emissions reduction requirement.
While this decarbonization target is based on Arkema’s efforts to improve energy efficiency and evolve the energy mix in its own industrial activities, the Scope 3 reduction target is achieved through the following actions: emissions reductions from high-carbon emitting activities, product innovations that help customers reduce emissions emissions and drive suppliers’ emission reduction commitments.
The Arkema Group plans to support this target by increasing its investment in decarbonisation-related projects by 400 million euros by 2030, which will be included in the Group’s recurring capital expenditures.
“As a responsible manufacturer, Arkema is actively mobilizing to address the major societal challenge of decarbonization. With this new ambitious climate plan, the Group is taking another step forward in its response to global warming. One step. In particular, our cutting-edge technologies and innovations will help our partners and customers benefit from the pursuit of sustainability, which we take every day to control our carbon footprint.”
Luc Benoit-Cattin, Executive Vice President of Industrial and Corporate Social Responsibility at Arkema, emphasized.
The evolution of energy efficiency and structure is the main decarbonization driver in Arkema’s industrial operations
Arkema’s greenhouse gas emissions have more than halved in the past decade (1). In anticipation of continued business growth, the Group is working to intensify its efforts to continuously reduce its absolute emissions.
In line with the Group’s commitment to the 1.5°C SBT pathway, Arkema aims to limit Scope 1 and 2 emissions to 2 million tonnes of CO2e by 2030, or 370 tonnes of CO2 equivalent in 2019.
46% less than 10,000 tons of emissions. (2)
To achieve this goal, the group will rely in particular on the reduction of energy consumption it has implemented since 2012. Energy efficiency of Arkema’s industrial activities has increased compared to 2012
15%, and the group is working to further increase this achievement to 25% by 2030.
Arkema will also implement long-term renewable energy procurement commitments (such as the recent Clear
Lake plant), and working with partners to reduce the carbon footprint of the steam purchased, with a focus on accelerating the decarbonization of its energy. For its own steam production, Arkema will use alternative fuels or electrify some of the plant’s boilers. These moves are based on the assumption that the cost of low-carbon energy use will safeguard the Group’s competitiveness in the countries in which it operates, which have indicated a commitment to carbon neutrality.
Greenhouse gas (GHG) emissions reductions are also based on a shift to low-emitting manufacturing processes and product ranges, as well as enhanced carbon capture and treatment.
Finally, the Group is also taking climate into account more in its investments, setting an internal carbon price of €100 per ton of CO2 emissions.
Innovation and supplier commitment are drivers of decarbonisation of Arkema’s value chain
Based on a new commitment to achieve a 1.5°C pathway across the value chain, Arkema also intends to reduce Scope 3 (3) emissions by 46%, i.e. to cap Scope 3 emissions at 85 MtCO2e in 2030, compared to Compared with the emissions in 2019, it was 158 million tons. The emissions cover all Scope 3 categories.
To achieve this, Arkema is taking action against carbon-intensive activities in the value chain.
Up the value chain, the most important activity category is the carbon footprint of sourcing raw materials. Arkema is actively engaging in a climate-friendly dialogue with suppliers and encouraging them to set their scopes 1 and 2 by 2025
Down the value chain, reducing the most emitting fluorine gas applications targeted by the Kyoto Protocol and developing a new generation of fluorine gases (HFOs) for high value-added activities are the main drivers for Scope 3 reduction.
Arkema is also leveraging its strengths in sustainability innovation, especially in the “Lightweight Materials and Design” innovation platform, to accelerate the transformation of products and services and provide more solutions that support greenhouse gas reduction.