Our sustainability leadership
2. From a 2018 baseline
3. FLAG GHG emissions refers to Forest, Land, and Agriculture (FLAG) emissions: greenhouse gases released from land-based activities like deforestation, agriculture, and forestry
Driving deeper impact
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.
Embedding People Positive in our culture
Since 2020 we have taken action to ensure we pay a Living Wage globally, protect and improve the health and safety of our people, support local volunteering through use of our 1% Club, and invest in sustainably improving the lives of disadvantaged communities around the world through the Croda Foundation. Much of this is considered “business as usual” in Croda, governed by policy and overseen by standing Board Committees. Our businesses are exploring further opportunities to improve social impacts through the use of our ingredients and increasing supply chain transparency and security.