Kraton Sets Long-Term Sustainability Vision Through 2032
Kraton Corporation is taking bold steps toward a sustainable future. This leading global producer of specialty polymers and high-value biobased chemicals has recently introduced new long-term sustainability targets aimed at reducing carbon emissions, minimizing water use, and cutting down waste generation. These ambitious objectives are a testament to Kraton's unwavering commitment to building a robust business model that creates lasting value for its customers, partners, and the communities it serves.
Evaluation and Strategy for Sustainability
To develop these targets, Kraton undertook a thorough assessment of its emissions and resource efficiency. This assessment included energy audits, planning for renewable energy, and evaluations of water use and waste management at various sites. The result is a comprehensive and strategic set of goals reinforcing Kraton's role as an essential partner in the shift towards a low-carbon and resource-efficient economy.
According to Marcello Boldrini, Chief Executive Officer of Kraton, sustainability is integral to how the company creates value and leads innovation. He remarked, "These new long-term targets reflect our commitment to drive meaningful impact across our operations and value chain, supporting our customers as they pursue their sustainability objectives."
Progress and Future Sustainability Targets
The new targets, effective until 2032, build on Kraton's impressive track record. Since 2014, the company has achieved a significant reduction in its Scope 1 and 2 greenhouse gas emissions, decreasing their intensity by 35% and overall emissions by 41%, showcasing efforts that are ahead of many peers in the industry.
New 2032 Sustainability Targets (compared to the 2022 baseline):
- 30% absolute reduction in Scope 1 and 2 greenhouse gas (GHG) emissions.
- 30% intensity reduction in Scope 3.1 GHG emissions from purchased goods and services.
- 10% intensity reduction in water consumption.
- 10% intensity reduction in waste generation.
Commitment to Transparency and Collaboration
Rogier Roelen, Chief Sustainability Officer and General Counsel, emphasized that Kraton's new targets align with customer expectations for transparency, innovation, and resource efficiency. He highlighted that the flexibility in their strategy is essential for supporting business growth while ensuring sustainability remains at the forefront. Kraton plans to leverage its supplier engagement program to accomplish these targets, fostering collaboration with partners to drive collective progress.
Innovative Solutions for Sustainability
In line with its mission to "Create Innovative Solutions for a Sustainable Tomorrow," Kraton is actively expanding its range of sustainable products. This new effort is backed by reliable life cycle assessment (LCA) data and recognized third-party certifications such as ISCC PLUS, which help customers reduce their overall environmental impact throughout the product lifecycle.
Recognition for Sustainability Efforts
Kraton's commitment to sustainability has not gone unnoticed. This year marks the fifth consecutive time the company received the EcoVadis Platinum rating, a recognition that underlines their ongoing dedication to enhancing sustainability performance and transparency in management and reporting.
About Kraton Corporation
Kraton Corporation stands as a prominent global producer of specialty polymers and high-value performance products sourced from renewable materials. Their polymers find applications across a diverse range of industries, including adhesives, coatings, personal care, medical, automotive, and paving products. As a leader in the pine chemicals sector, Kraton’s specialty products support various markets, and they proudly serve an extensive customer base in over 70 countries worldwide.
Frequently Asked Questions
What sustainability targets has Kraton set for 2032?
Kraton aims to reduce Scope 1 and 2 GHG emissions by 30%, water consumption by 10%, and waste generation by 10% by 2032.
How does Kraton evaluate its environmental performance?
Kraton conducts comprehensive assessments that include energy audits, renewable energy planning, and site-level evaluations of water and waste.
What recognition has Kraton received for its sustainability efforts?
Kraton has earned the EcoVadis Platinum rating for five consecutive years, indicating outstanding sustainability performance.
What industries utilize Kraton's products?
Kraton's products are used in industries such as adhesives, coatings, consumer and personal care, automotive, and construction.
How does Kraton plan to achieve its sustainability goals?
Kraton will utilize its supplier engagement program and maintain close collaborations with partners to ensure progress toward its sustainability targets.
