Corbion Leads in Sustainability Ratings Following CDP Evaluation
Corbion’s Commitment to Sustainability Recognized by CDP
Corbion, a leading global supplier of sustainable ingredients, has demonstrated outstanding dedication to environmental responsibility, achieving high marks in various categories from the CDP Disclosure Cycle 2024.
The company earned impressive scores of A- in Climate, B in Water, and A- in Supplier Engagement, as assessed by CDP, an independent non-profit environmental disclosure platform. These ratings reflect data submitted by Corbion through CDP’s questionnaires for 2024.
CDP is well-known for its role in facilitating environmental transparency among companies, regions, and cities, focusing on vital issues such as climate change and water security. Investors and governments utilize CDP’s findings to evaluate environmental risks, thus incentivizing corporations to adopt sustainable practices.
Understanding Corbion’s High Rankings
Sustainability in Action: Insights into Rating Categories
Climate Initiatives (A-)
Corbion’s A- rating in Climate is a testament to its science-based initiatives aimed at addressing climate-related challenges. The company is committed to significantly lowering its greenhouse gas emissions. Specifically, Corbion aims to cut absolute Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by 2030 compared to 2021 levels. Additionally, the goal is set for net-zero emissions across the entire value chain by 2050.
Water Management (B)
Recognizing the critical importance of water stewardship, Corbion has established mandatory water management processes across all manufacturing sites. These processes encompass adherence to local water regulations, implementation of pollution control measures, and ongoing monitoring to identify and mitigate water-related risks.
Supplier Engagement (A-)
The company has garnered an A- rating for its proactive supplier engagement, focusing on high-impact raw materials. By adopting a multi-supplier sourcing policy, Corbion not only ensures a sustainable supply chain but also assists suppliers in devising actionable carbon reduction strategies.
Transparency and Continuous Improvement
Corbion has been committed to transparent reporting on environmental impacts since 2016, participating in CDP's Climate Change and Supply Chain programs and providing public access to its submissions since 2019 and 2021, respectively. Olivier Rigaud, CEO of Corbion, emphasized, "Each year brings new challenges driven by regulatory demands and expectations. Our ability to consistently achieve high CDP scores illustrates our leadership in sustainability, which is rooted in discipline and collaboration."
The recent CDP evaluation saw participation from over 22,700 companies. These assessments scrutinize various aspects of environmental performance—from governance to risk management—helping stakeholders gauge a company’s dedication to sustainability. Moreover, CDP scores inspire ongoing enhancements in environmental practices.
Diana Visser, Corbion’s Head of Sustainability, stated, "CDP is not just a reporting framework; it is a catalyst for accountability and improvement. Our latest scores validate our efforts in driving progress where it counts the most."
Frequently Asked Questions
1. What is Corbion’s main focus in sustainability?
Corbion focuses on reducing greenhouse gas emissions, managing water resources effectively, and engaging suppliers in sustainable practices.
2. What are Corbion’s goals for greenhouse gas reductions?
The company aims to reduce Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by 2030, with a target for net-zero emissions by 2050.
3. How does CDP assess companies like Corbion?
CDP assesses companies based on their environmental performance through questionnaires that cover climate strategy, water management, and supplier engagement.
4. Why are CDP scores important for investors?
CDP scores are crucial as they provide insights into a company’s environmental performance, helping investors make informed decisions about sustainability commitments.
5. How has Corbion shown transparency in its sustainability efforts?
Corbion has publicly reported its CDP submissions since 2019 for climate and 2021 for water, demonstrating its commitment to transparency and accountability.
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