Albemarle 2021 Sustainability Report Highlights Advancements in New and Existing Targets
June 2, 2022
2021 Sustainability Report Highlights
- On Track to Meet Existing Targets for GHG and Freshwater Intensity
- Initial Assessment of Scope 3 Greenhouse Gas Emissions (GHG)
- Completed Initial Life Cycle Assessments (LCAs) of Lithium Products
- New Targets for Diversity, Equity and Inclusion (DE&I) Priorities
- Sustainability Webcast Scheduled for
June 28, 2022, at 9 a.m. EDT
"Albemarle plays an important role in combating climate change, enabling the energy transition and supporting safe and sustainable advancement of electrification and digitalization," said Albemarle CEO
On Track to Meet Existing Targets for GHG Emissions and Freshwater Reductions
Last year, Albemarle began executing its climate strategy and the company is on track to meet or exceed initial sustainability targets for GHG emissions and freshwater intensity. This year's report includes 2021 actions such as the procurement of renewable energy in the
Initial Assessment of Scope 3 GHG Emissions and Completed LCAs
In this year's report, Albemarle announced its initial assessment of scope 3 GHG emissions, including areas such as purchased goods and services, processing of sold products, use of sold products, and end-of-life treatment of sold products. The company will continue to refine its assessment in the coming years and will use the initial assessment to work with customers and suppliers to reduce emissions across the supply chain.
The report also provides detail on Albemarle's first LCAs, completed in 2021, related to rock-based lithium hydroxide and brine-based lithium carbonate. Both studies were performed in accordance with ISO 14040/14044 standards. In addition, Albemarle plans to incorporate LCA requests into its sustainable procurement process to better understand the environmental impact of its suppliers.
In 2021, the company released its DE&I strategic plan for measurable actions to integrate DE&I in decision making, enhance organizational effectiveness, and meet future challenges and needs. Albemarle has set a 2022 goal of increasing global gender diversity by a further 1% year over year with a particular focus on its manufacturing workforce, and a goal to increase
For more information, please see Albemarle's 2021 Sustainability Report.
Albemarle will host a webcast on
Registration for the webcast can be accessed here. Once registered, users will receive a link via email to directly access the webcast. A webcast replay will be posted to the company's website following the conclusion of the event.
We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations,
Some of the information presented in this press release, the conference call and discussions that follow, including, without limitation, information related to sustainability goals and commitments, targets and timelines for achievement, environmental impact reduction goals, sustainability priorities, and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results and future actions could differ materially from the views or plans expressed or implied due to a number of important factors, including those detailed from time to time in the reports we file with the
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Media Contact: Kim Ronkin Casey, +1 (719) 331-6202, Kim.RonkinCasey@albemarle.com; Investor Relations Contact: Meredith Bandy, +1 (980) 999-5168, Meredith.Bandy@albemarle.com
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