Archroma Secures Gold EcoVadis Sustainability Rating
- Published: July 31, 2024
Archroma, a global leader in specialty chemicals towards sustainable solutions, has been awarded a Gold rating by EcoVadis, the global rating agency for sustainability performance.
This consolidates Archroma’s position among the top 5% of the more than 130,000 companies from 180 countries and 220 industries assessed by EcoVadis against stringent criteria covering environmental performance, ethics, labor and human rights, and sustainable procurement.
“Archroma has a clear sustainability strategy that guides all of our efforts to develop and deliver innovative solutions that enhance people’s lives. This is encapsulated in the ambitious environmental operations targets we have just announced for 2030,” Mark Garrett, Group CEO, Archroma, said. “Our enduring goal is to lead our industry towards a more sustainable future. By engaging with platforms like EcoVadis, we strengthen our commitment to partnership and transparency while retaining our focus on consumers and the environment.”
It extends to Archroma’s own operational targets. From 2023 to 2030, Archroma will work to reduce water intensity by 40%, energy intensity by 15% and waste intensity by 10%, with zero hazardous waste to landfill. It will also aim for an ambitious 20% reduction in absolute Scope 1 greenhouse gas (GHG) emissions from its own plants and processes and a 40% reduction in absolute Scope 2 indirect GHG emissions from the energy it consumes.
“We have been tracking our sustainability journey through the EcoVadis assessments since 2017 and it has been so motivating to chart our progress and to see how much the standard of sustainability management has also improved across industries over this time,” Martina Beitke, Group Sustainability Director, Archroma, said. “At Archroma, we believe that strong leadership, shared goals and a culture that supports innovation and partnership are the keys to creating value for our stakeholders and a positive impact on people and planet.”
For more information, refer to our EcoVadis badge here and the Archroma FY2023 Sustainability Report here.
