Corbion Achieves Outstanding Sustainability Ratings from CDP
Corbion's Commitment to Sustainability Recognized by CDP
Global ingredient supplier Corbion has once again illustrated its strong commitment to sustainability, receiving high scores in climate action, water management, and supplier engagement from CDP's Disclosure Cycle.
Notable Ratings from CDP
Corbion, celebrated for its sustainable ingredients, achieved impressive scores of A- in Climate, B in Water, and A- in Supplier Engagement as assessed by CDP, a prominent environmental non-profit organization. These scores are derived from detailed responses provided by Corbion via CDP's questionnaire for 2024.
Understanding CDP's Role
CDP functions as a critical platform for companies to disclose their environmental impacts, helping to evaluate and manage risks and opportunities related to climate change, water safety, and deforestation. It serves investors, corporations, and government bodies aiming to navigate environmental challenges effectively.
Diving Deeper into Corbion's Scores
Climate (A?): Corbion's A- rating for climate signifies its dedication to reducing emissions in line with the Science Based Targets Initiative. They have set ambitious goals that include targeting a 42% decrease in absolute Scope 1 and 2 greenhouse gas emissions, coupled with a 25% reduction in Scope 3 emissions by 2030, measured against 2021 levels. Furthermore, Corbion strives for net-zero emissions by 2050 across its entire value chain.
Water Management (B): To bolster its water stewardship, Corbion has introduced stringent water management protocols across all its production facilities. These protocols include meeting local water regulations, implementing pollution monitoring systems, addressing water-related risks, and proactive maintenance initiatives.
Supplier Engagement (A?): Corbion’s success in supplier engagement is notably evident as reflected in its A- rating. The company actively collaborates with suppliers, particularly regarding their most impactful raw materials, and has initiated a multi-supplier sourcing policy. In 2024, Corbion managed to gather primary emissions data accounting for approximately 65% of the greenhouse gas emissions associated with raw materials in scope.
Transparency: A Catalyst for Progress
Corbion has participated in CDP's Climate Change and Supply Chain programs since 2016, demonstrating its long-standing commitment to transparency and environmental accountability. Olivier Rigaud, CEO of Corbion, noted, "Each year, the regulatory expectations escalate, increasing our challenges as we progress. The continuous high scores from CDP affirm our leadership in pushing for impactful change through discipline and collaboration."
Last year alone, over 22,700 companies were evaluated by the CDP, highlighting their efforts to maintain transparency and enact sustainable practices. The CDP's questionnaires cover multiple dimensions of environmental performance, including governance, strategy, risk management, and setting targets, which are essential for enabling investors and stakeholders to gauge a company's commitment to sustainability.
Diana Visser, Corbion’s Head of Sustainability, emphasized, "CDP serves as more than a framework for reporting; it underpins our performance and accountability. The results validate that we are progressing significantly in our critical areas of focus."
Looking Ahead
As Corbion maintains its focus on sustainability, the company remains dedicated to enhancing its initiatives surrounding climate action, water management, and supplier relationships. The forthcoming years will see Corbion continuing its journey to exceed the ambitious targets it has set, fostering a greener future.
Frequently Asked Questions
What is Corbion's main focus as a company?
Corbion focuses on producing sustainable ingredients that help preserve what matters for the environment and its consumers.
What scores did Corbion receive from CDP?
Corbion achieved an A- rating in Climate, a B in Water, and an A- in Supplier Engagement.
What initiatives does Corbion have for climate action?
Corbion aims to reduce Scope 1 and 2 greenhouse gas emissions by 42% and Scope 3 emissions by 25% by 2030, with a commitment to net-zero by 2050.
How does Corbion manage water resources?
The company has established strict water management protocols, ensuring compliance with local permits and monitoring pollution.
Why are CDP scores important?
CDP scores provide insight into a company’s environmental impact, aiding investors and stakeholders in assessing sustainability efforts and driving continuous improvement.
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