Planet
2024 Highlights
- Set sustainability goals: 50% reduction of Scope 1 & 2 emissions by 2030 (baseline 2023) | Zero waste to landfill by 2030 (Americas and Europe)
- Made progress towards goals by signing a US virtual power purchase agreement (VPPA) and launching new sustainability initiatives at our corporate headquarters, with a focus on waste management
- Progressed R&D work on raw material sustainability, including initiating several new partnerships over the year
Carbon Footprint
In 2023 we signed a commitment letter with the Science Based Targets
Initiative (SBTi) that commits us to establishing near-term science-based targets aligned with the Paris Agreement’s ambition of limiting global temperature rise to 1.5°C.
The SBTi's goal is to accelerate companies across the world to support
the global economy to halve emissions before 2030 and achieve net-zero before 2050.
In 2024 we committed to the following goals and are now working with SBTi for approval:
■ 50% reduction of Scope 1 & 2 emissions by 2030 (baseline 2023)
■ Zero waste to landfill by 2030 (Americas and Europe)
In service of our emissions reduction goal, we are pleased to announce that we are participating in a US Virtual Power Purchase Agreement (VPPA). VPPAs provide critical support for new renewable energy projects, and we are proud to partner on this project to accelerate the deployment of new renewable energy infrastructure.
The VPPA will reduce our Scope 2 emissions by approximately 25%, giving us a strong head start to reach our goal, while we continue to develop our climate transition plan and progress on-site initiatives such as energy efficiency, energy reduction, and on-site solar generation.
In 2024 we also completed our first Scope 3 calculation for years 2022–2024. As a materials science company, Scope 3 is a significant part of our carbon footprint, and we are pleased to be able to build on our understanding of value chain emissions. We also continued to focus on transparency with our 2024 response to CDP and TCFD Report.
