Our Commitment

Our impacts on people and planet

We monitor our impacts through regular materiality assessments that engage representatives of all key stakeholder groups. We create most value for our customers by a focus on reducing negative climate, nature and social impacts in our raw material supply chains, and innovating solutions to address some of the world’s biggest challenges in our focus markets.

DIFFERENTIATING THROUGH SUSTAINABILITY

We look different to peers through the eyes of our customers. most of our raw material volume is from bio-based, not petrochemical sources, and we sell small quantities of novel ingredients to customers of all sizes that can provide mission-critical sustainability benefits to their formulations.

Focusing our strategy, connected to value

Despite geopolitical headwinds, many important customers in all our markets remain committed to improving their impacts on people and the environment. As a leader on sustainability in our chosen markets, we are exploring new customer partnerships, tailoring sustainability to their specific requirements.

Listening to stakeholders, particularly our customers, the Executive Committee approved a more focused approach for the remainder of the decade, driving deeper impact across fewer corporate targets.

We passionately believe Croda provides Smart science to improve lives™. In delivering this Purpose, we only create better impacts when customers use our products, simultaneously generating value growth. This can be through innovating sustainably alongside other claims, helping our customers reduce the footprints of their products with our formulating expertise, and increasing our market share by differentiating our offering with sustainability.

Executing strategy to drive customer value

With most of our environmental and social impacts embedded in our supply chains, we continue to increase transparency for our customers. Through our membership of Together for Sustainability, greater than 24% of our raw material volumes are associated with primary, supplier specific carbon footprint data.

We have completed Net Zero roadmaps for our major technology platforms, identifying key levers for change and innovation opportunities. We are engaging with our customers and markets to prioritise this work, supporting them in the transition to a Net Zero economy.

This future economy will require the chemical industry to transition to renewable carbon feedstocks. Croda is already a leader, with greater than 58% of our feedstock volumes derived from renewable carbon.

Using bio-based raw materials brings the responsibility to address any impacts on nature. Palm derivative supply chains remain our focus: through the Action for Sustainable Derivatives consortia, we have confirmed that more than 60% of our palm-based raw materials are fully deforestation and conversion free (DCF), and more than 90% are at minimum RSPO (Round table on Sustainable Palm Oil) physically certified Mass Balance.

We have prioritised the sharing of product-level sustainability data with our customers. We utilise a bespoke Life Cycle Assessment (LCA) tool to evaluate the environmental impacts of our products relative to industry benchmarks, from raw material source to end of life. This data enables us to create opportunities and manage risks with our customers and suppliers.

Delivering against out commitments