Arkema Raises Decarbonization Targets

Arkema, which had already strengthened its climate plan in July 2022, is setting new, even more ambitious targets by 2030 across its whole value chain, approved by the organization Science Based Targets initiative (SBTi). The group now aims to reduce its greenhouse gas emissions by 48.5% for Scopes 1+2 and by 54% for Scope 3 by 2030 versus 2019.

In July 2022, the group had set new greenhouse gas reduction targets, in line with the expectations of the Paris Agreement, which aims to limit global warming to 1.5°C above pre-industrial levels by the end of the century.

Thanks to significant progress made in 2022, these targets have been raised, and Arkema now aims for a 48.5% reduction in the group’s greenhouse gas emissions for Scopes 1+2, and a 54% reduction for Scope 3 by 2030 relative to 2019. These new targets have been approved by the Science Based Targets initiative (SBTi).

“Arkema has made long-standing commitments in the fight against climate change.
From its energy procurement policy to industrial innovation, from its portfolio of solutions to the dissemination of a ‘climate and environment culture’, this virtuous trajectory mobilizes all of the Group’s components, and we are particularly proud that our new 2030 targets have been validated by the SBTi,” said Thierry Le Henaff, Arkema’s chairman and CEO.

To fulfill this new commitment, the group’s action plan is structured around major levers, including:

• A much greater share of low-carbon steam and electricity consumed at its facilities, in particular through long-term contracts with producers. Arkema recently signed a major supply contract with ENGIE for the supply in France of 300 GWh per year of biomethane to further reduce the carbon footprint of its bio-based high performance Rilsan polyamide 11 and Pebax Rnew elastomer ranges; and
• Improving energy efficiency and optimizing facilities, an area in which many projects have already been rolled out in 2022, such as the installation of a new generation catalyst for nitrogen oxide emissions at the Lacq site in France.