Albemarle Releases Sustainability Report and Environmental Target Commitments
June 2, 2021
"Albemarle is a values-driven organization that is committed to doing the right things the right way, and sustainability is a key to our success," said Kent Masters, Albemarle CEO. "Our 2020 report illustrates the progress we made with our sustainability initiatives and incorporates our new targets, which are aimed at reducing energy and water use. Our new climate strategy also outlines how we intend to work with our key stakeholders and actively pursue operational efficiencies to help create a safer and more sustainable world."
Sustainability Strategy and Targets
Albemarle's climate strategy details how the company manages climate-related risks at existing operations and across new projects, partners with customers to enable their sustainability ambitions, and collaborates with its stakeholders to help fight climate change.
Greenhouse Gas Emissions
Albemarle supports the goals of the Paris Agreement and aspires to achieve net zero carbon emissions by 2050. The company commits to reducing the carbon-intensity of its Catalysts and Bromine businesses (jointly) by 35% by 2030, in-line with science-based targets. Albemarle also commits to growing its Lithium business in a carbon-intensity neutral manner through 2030. Over the next two years, the company also intends to build the underlying project portfolio and to assess the ability to meet, or exceed, these targets.
Water is a critical component in the successful operation of Albemarle's business and the company commits to reduce the intensity of freshwater usage by 25% by 2030 in areas of high and extremely high-water risk as defined by the
Alignment with Global Standards
Albemarle's 2020 report aligns with the
For a complete review of Albemarle's 2020 Sustainability Report and its new sustainability targets, please visit https://www.albemarle.com/sustainability.
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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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