Reducing our carbon footprint and increasing sustainable innovation
UN SDG contribution
We will continue reducing our carbon footprint and increasing our use of bio-based raw materials. The benefits in use of our ingredients will enable more carbon to be saved than we emit through our operations and supply chain. By becoming Climate Positive we will directly contribute towards the following UN SDG targets:
SDG 7.2, SDG 7.3, SDG 9.4, SDG 12.2, SDG 13.2, SDG 17
- Croda was the third major chemical company to commit to becoming net zero by 2050 and have a 1.5°C Science Based Target verified
- 27% reduction in scope 1 and 2 GHG emissions intensity since 2020
- 951,000 tonnes CO2e avoided through the use of ingredients attached to verified case studies
- 69% of our organic origin raw materials were bio-based in 2021
Climate Positive: our world in 2030
Objectives and examples of progress
We will enable the transition to a low carbon economy. We will be Climate Positive, working closely with our customers to develop products that offer carbon saving benefits in use.
Our ingredients offer many sustainability benefits in use, including helping our customers and their consumers to reduce or avoid greenhouse gas emissions. Our Carbon Cover target means that by 2030 the use of our products will avoid four times the carbon emissions associated with our business. To achieve this target, we will:
- Discover and account for avoided emissions using our existing ingredients
- Develop innovative carbon-saving ingredients to meet our customers’ needs
Case study: Externally validated avoided emissions
In 2021 we identified five new case studies where emissions were avoided, including a new product launched in 2021. The emissions savings of this new product were revealed during its sustainability assessment, part of the new way of working for our innovation teams to support our Commitment.
The four other products were identified by our Carbon Cover working group, set up in 2021 to drive the discovery of new case studies and identify avoided emissions for larger product and application areas. The group assessed around 80% of our product portfolio for potential carbon savings in use, which led to our first multiproduct, multi-application assessment, encompassing all products sold by our Crop Protection, Plant Impact and Incotec businesses.
Our total avoided emissions in 2021 linked to the sales of ingredients from these case studies, and our product case studies validated in 2020 and 2019, is 951,000 tonnes CO2e. This leads to a carbon cover ratio of 0.8:1. All case studies were aligned with our existing methodology for quantifying and reporting avoided emissions, as externally validated by Avieco.
Tackling the climate crisis is our biggest challenge but through decarbonisation, innovation and customer collaboration it also offers us our greatest opportunities.
Case study: 1.5°C science-based target validation
In July 2021 we became only the third major chemical company globally to have a 1.5°ºC science-based target validated. By the end of 2029 we will have reduced our operational (scope 1 and 2) emissions by 46.2% from a 2018 baseline. With the majority of our emissions within our supply chain, we also had our scope 3 target approved by the SBT initiative: to reduce our upstream scope 3 emissions by 13.5% over the same time frame. The focus here is to engage and work with suppliers to reduce emissions associated with sourcing raw materials alongside transportation and distribution of products to our customers. By taking action to achieve these targets within our operations and supply chain we can support our customers and enable them to meet their own GHG emission reduction targets.
Our 2030 target is for our use of bio-based organic raw materials to reach 75%, three times the target of the European chemical industry. Our interim target is to reach 71% on a rolling three-year average by the end of 2024.
Bio-based raw materials sequester carbon from the atmosphere as they grow, so using them to displace fossil-based materials has a positive impact on the climate. In 2020, our use of bio-based organic raw materials reached 67%.
Read more about sustainability being at the heart of what we do:
UK Government to support expansion of Croda's lipid systems manufacturing facility
31 March 2022: This investment will significantly enhance the development of high-purity lipid systems, essential delivery systems for next generation nucleic acid drugs such as mRNA vaccines.Read more
U.S. Government to support expansion of Croda lipid systems capability
Today we announce a joint investment with the U.S. government to expand our U.S manufacturing capacity for lipid systems used in novel therapeutic drugs, such as mRNA vaccinesRead more
By 2030, we will be Land Positive.Find out more
By 2030, we will be People Positive.Find out more
We will consider all stakeholders in our ecosystem and adopt best practices in environment, labour and human rights, ethics and sustainable procurement.Find out more