Rinchem's Commitment to Sustainability: Science-Based Targets Approval
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Rinchem Achieves Science-Based Targets Approval
Rinchem Company, LLC, a global leader in chemical management solutions, proudly announces the recent approval of its science-based targets by the Science Based Targets initiative (SBTi). This milestone signifies an important step in Rinchem's ongoing commitment to sustainability, with a focus on significantly reducing its greenhouse gas (GHG) emissions in accordance with international climate agreements aimed at restraining global warming.
Details of Rinchem's Approved Targets
Rinchem has set ambitious goals for reducing its absolute scope 1 and 2 GHG emissions by 54.6% by 2033, using 2022 as a baseline year. This target reflects considerable reductions anticipated from the company's operations, with a pronounced impact on energy usage and transportation.
Additionally, Rinchem is working towards cutting absolute scope 3 GHG emissions from upstream transportation and distribution by 32.5% within the same timeframe. This acknowledgment of the supply chain's impact demonstrates Rinchem's commitment to collaborating with partners to achieve sustainability goals throughout its entire value chain.
Vision for Net-Zero Emissions
In line with its long-term sustainability vision, Rinchem is reaffirming its goal to reach net-zero GHG emissions across its entire value chain by 2050. Although the development of long-term targets is still in progress, achieving SBTi approval for these near-term targets plays a critical role in advancing Rinchem’s sustainability journey. This proactive approach highlights Rinchem's leadership in environmental responsibility within the chemical management sector.
"We are honored to have our near-term targets officially approved by the Science Based Targets initiative, showcasing our deep commitment to sustainability and responsible business practices," stated Melody Moore, Rinchem's Director of Quality and EH&S. "These targets serve to reduce our environmental footprint while leading our industry toward a more sustainable future."
Rinchem's Holistic Sustainability Strategy
Engagement with the SBTi forms a vital component of Rinchem's extensive sustainability strategy, which encompasses environmental stewardship across all operational facets. The approved near-term targets are set to enact significant GHG emission reductions, especially in energy-intensive sectors like transportation and distribution.
As emphasized by Lorena Hutton, CAO of Rinchem, "The chemical management industry must play a significant role in combating climate change, and we aspire to be industry leaders in this effort. These targets compel us to innovate and collaborate effectively with all stakeholders."
Initiatives for Achieving Science-Based Net-Zero Targets
Rinchem is embarking on a journey to develop a science-based net-zero strategy, proactively working to establish long-term goals aligned with the SBTi's net-zero criteria. Catering to long-term objectives while focusing on immediate near-term targets is essential as Rinchem strives to contribute to a sustainable future.
Support for Customers and Industry Resilience
Rinchem's established science-based targets are not just for compliance; they also facilitate support for the sustainability ambitions of its customers in various sectors, like semiconductors, pharmaceuticals, and solar. By prioritizing environmental responsibility, Rinchem is positioned as a dependable ally. As Hutton noted, "Reducing our emissions helps our customers achieve their sustainability aspirations."
Key Sustainability Initiatives
Alongside the SBTi-approved targets, Rinchem's sustainability framework includes several initiatives aimed at lowering its environmental impact:
- Energy Efficiency Enhancements: Adoption of energy-efficient technologies and practices to decrease energy consumption in operations.
- Renewable Energy Exploration: Investigating renewable energy options to power Rinchem's facilities.
- Waste Minimization and Recycling Programs: Implementing strategies to reduce waste and optimize recycling efforts across the supply chain.
By securing SBTi approval for its near-term targets, Rinchem joins a growing network of companies committed to tackling climate change. This achievement reinforces Rinchem's reputation as a pillar in the specialty chemicals sector, underlining its steadfast dedication to fostering a sustainable future.
About Rinchem
Rinchem Company, LLC stands as the largest global network for chemical and gas distribution, expertly managing over four billion pounds of chemicals annually. The company leads the industry in creating safe supply chains for high-purity chemicals and gases. With 40 years of experience and a strong commitment to logistics transparency, Rinchem delivers reliable and effective solutions tailored to its clients. Rinchem serves various industries, including pharmaceuticals, biotech, semiconductors, and solar.
Contact Information
For inquiries, please contact:
Lorena Hutton
SVP, Chief Administrative Officer & General Counsel
(505) 345-3655
Frequently Asked Questions
What are Rinchem's newly approved targets?
Rinchem has committed to reduce its absolute scope 1 and 2 GHG emissions by 54.6% and scope 3 emissions by 32.5% by 2033.
Why is science-based targets approval significant?
The approval signifies Rinchem's commitment to sustainable practices aligned with global climate initiatives and reflects leadership in environmental responsibility.
What industries does Rinchem serve?
Rinchem serves various sectors, including pharmaceuticals, biotech, semiconductors, and solar energy.
What is Rinchem's long-term sustainability goal?
Rinchem aims to achieve net-zero greenhouse gas emissions across its value chain by 2050.
How does Rinchem support its customers' sustainability goals?
By reducing its own emissions, Rinchem helps its customers fulfill their sustainability objectives through aligned practices and collaborative efforts.
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