International fuel additives company Infineum on Tuesday (21 February) announced its ambition to reach net zero for scope 1 & 2 operated asset greenhouse gas (GHG) emissions by 2050.
This represents an extension of current efforts to reduce operational GHG emissions intensity to 20% by 2025.
In addition, Infineum is also working towards a significant reduction in its overall supply chain GHG emissions. Provisional roadmaps have been defined to achieve these ambitions and will continue to be refined over the coming years in collaboration with our supplier and customer partners.
AMBITIONS
Infineum’s new ambitions support the GHG emissions reduction trajectory goal of the Paris Agreement:
Scope 1 & 2
The extent of ultimate achievement of the above ambitions could vary depending on various factors, including Infineum’s ability to execute operational objectives, supportive changes in laws and regulations, and other market factors (see CAUTIONARY STATEMENT for more details).
Scope 3
Infineum is committed to helping its customers achieve their GHG emissions objectives by utilizing a life cycle assessment (LCA) approach. Infineum expects that its efforts could reduce scope 3 emissions by about 20% by 2030 while still meeting society’s demand for its products.
The extent of ultimate achievement of the above ambitions could vary depending on various factors, including Infineum’s ability to execute operational objectives, supportive changes in laws and regulations, and other market factors (see CAUTIONARY STATEMENT for more details).
“The progress we’ve made so far on our sustainability journey has given us confidence to extend our GHG emissions reduction ambitions, including scope 1 & 2 ambitions to net zero,” said Trevor Russell, Infineum CEO.
“This will enable us to provide the lower carbon solutions to help our customers reach their own decarbonization objectives. It also represents a key step in achieving Infineum’s vision to transform into a world-class, sustainable specialty chemicals company and live our purpose to create a sustainable future through innovative chemistry.”
Note: The full statement by Infineum can be found here.
Photo credit: Infineum
Published: 22 February, 2022
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