Arkema Reinforces Its Commitment to the Climate

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 an ambitious target, based on an SBT (Science Based Target) 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 well 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 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, EVP, industry and CSR for Arkema. “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.

With this new commitment to a 1.5°C trajectory on its whole value chain, Arkema also intends to reduce its scope 3 (3) emissions by 46% and achieve 85 million tons of CO2 equivalent in 2030 compared to the 158 million tons emitted in 2019. These emissions take into account all scope 3 categories.