Chemours commits to setting science-based emissions reduction targets

Science-based targets provide companies with a clearly-defined pathway for reducing their emissions in line with the goals of the Paris Agreement.

The Chemours Company announced the latest step in its journey to help build a sustainable future through a signed commitment with the Science Based Targets initiative (SBTi) to establish science-based targets for scopes 1, 2, and 3 greenhouse gas (GHG) emissions. Chemours’ commitment complements the progress the company continues to make against the ESG goals outlined in its 2030 Corporate Responsibility Commitment (CRC).

Mark Newman, President and CEO of Chemours said, “Chemours is helping create a better world through the power of our chemistry, and our sustainable product portfolio and commitment drive our environmental leadership to responsible manufacturing. Since announcing our Corporate Responsibility Commitment goals in 2018, we’ve continued to challenge ourselves to achieve more, including a more ambitious goal to achieve a 60 percent absolute reduction of operations-related GHG emissions by 2030. Pursuing science-based emissions reduction targets reflects how we continually work to strengthen our ambitious climate goals. We will continue to act with courage and agility to reduce our operational impact while delivering more innovative and sustainable solutions that enable other companies and governments to achieve their climate goals.”

Chemours is among the first chemical companies to commit to setting science-based targets with SBTi, a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. The initiative is a collaboration between the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF), and the United Nations Global Compact, which Chemours signed in 2018. The SBTi defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.