Our instruments to steer emission reductions
The fight against climate requires a holistic approach. Clariant has established a full suite of management tools to steer and incentivize the improvement of its carbon footprint:
- Internal Carbon Pricing: To integrate emissions in our investment decisions, we are developing a carbon pricing scheme that applies a monetary value on GHG emissions for all major capital expenditures and mergers and acquisitions.
- Linking the greenhouse gas emission reduction to remuneration: Since the financial year 2021, our emissions reductions have been part of short-term incentive remuneration for members of the Executive Committee and Global Management.
- Task Force on Climate-related Financial Disclosures (TCFD): Clariant is a supporter of the Task Force for Climate-related Financial Disclosures (TCFD) and is, step-by-step, implementing its recommendations for climate-related risk assessment and reporting.
- eWATCH™ – Clariant’s global energy efficiency program: eWATCH™ oversees all forms and usages of energy at Clariant. It also records and analyzes Clariant’s energy consumption, including information on energy flows, prices, and usage optimization. Learn more
You only manage what you measure
Clariant monitors progress and collects environmental data from every site. We report information about our greenhouse gas emissions externally on an annual basis. Latest data can be found in the most recent Integrated Report and in our GRI Report.
Clariant also reports on Scope 1, 2 and 3 emissions. For Scope 3, Clariant focuses on the categories deemed most relevant: purchased goods and services, fuel- and energy -related activities not included in Scope 1 or 2, upstream and downstream transportation and distribution, and the end-of-life treatment of sold products. The categories and calculation methods are in line with the »Guidance for Accounting & Reporting Corporate GHG Emissions in the Chemical Sector Value Chain« issued by the World Business Council for Sustainable Development (WBCSD) and the GHG Protocol.
Since 2007, Clariant has actively participated in the Carbon Disclosure Project (CDP) climate, water and supply chain reporting programs. The CDP publishes environmental data of the world's largest corporations. Clariant's submission can be found here.
Greenhouse Gas Emissions1
|Continuing||Discontinued||Total 20192||2018||Change in %|
|Total greenhouse gas emissions (Scope 1 & 2 CO2 equivalents (in m t)||0.68||0.16||0.84||0.93||-9.7|
|Total indirect greenhouse gas emissions (Scope 3 CO2 equivalents) (in m t)||4.99||5.69||-12.3|
|Greenhouse gas emissions (Scope 1 & 2 CO2 equivalents (in kg/t production)||171||609||198||215||-7.9|
1 Every three years, Clariant validates environmental data from all production sites. The last full reporting campaign was in 2017. In the interim years, including 2018 and 2019, the reduced reporting Scope comprises the larger sites responsible for 95% of production.
2 The difference in the sum of continued and discontinued operations compared to the group total is due to the resource consumption of non-production sites.
Continuous improvement across the value chain
Clariant pursues a mixed approach to reducing emissions across its value chain, but there are certain reduction levers on which we focus:
Scope 1 emission reductions are addressed by increasing the use of low carbon fuels and by projects focused on increasing energy efficiency within operations via digitalization.
Scope 2 emission reductions are partially addressed via energy efficiency and mostly by switching to green electricity and other green energy sources.
LOW CARBON RAW MATERIALS
Scope 3 emission reductions are mainly addressed via decarbonization of the raw materials that we buy. Our efforts include shifting towards low carbon alternatives, renewables-based raw materials, and secondary raw materials.