Our climate commitment
Climate change is impacting our planet. At Syensqo, we are working to reduce greenhouse gas (GHG) emissions across our value chain: in our operations, across our supply chain, and by supporting our customers in advancing decarbonization downstream through innovative technologies and materials.
As part of our One Planet roadmap, we have committed to a carbon neutrality goal for our operations (scope 1 and 2) by 2040.1 Our 2030 GHG emissions reduction targets for scope 1, 2 and 3 have been validated by the Science Based Targets initiative (SBTi). As of 2024, we have achieved 50% of our 2030 GHG emissions reduction targets through permanent, structural changes.
Our journey to carbon neutrality by 20401
By 2030, we are aiming to reduce scope 1 and 2 GHG emissions from our own operations by 42%.2 Three out of four of our sites are already powered by renewable electricity (including all our sites in the US and China) and our "Star Factory" roadmaps guide GHG emissions reductions at our production sites. Since 2021, we have applied an internal carbon price of €100 per metric ton of CO2 to steer our investment decisions towards zero carbon.
For scope 3 emissions, we are targeting a 25% reduction by 2030 in Focus 5 categories3 of our value chain.2 To achieve this, we are collaborating closely with suppliers and customers, particularly through our Supplier Climate Pledge, which covers 80% of our GHG emissions linked to raw material sourcing.
1. Carbon neutrality goal by 2040 combines ambition to reduce scope 1 and 2 emissions by at least 80% from the 2021 baseline and to compensate residual emissions with high-integrity carbon credits in line with the recommendations of the United Nations' High Level Expert Group on the Net Zero Emissions Commitments of Non-state entities.
2. Compared to the 2021 baseline.
3. Focus 5 categories of scope 3 GHG emissions include (1) purchased goods and services and (2) fuel-and energy-related activities [both upstream] as well as (3) processing, (4) use and (5) end-of-life treatment of sold products downstream.
At Syensqo, we are embedding raw material carbon footprint and scope 3 impact into supplier collaborations. We aim to forge strategic partnerships with suppliers who commit to climate goals aligned with our targets, bringing sustainability to the core of our procurement practices.
Enabling the economy of the future
At Syensqo, we are helping to avoid GHG emissions in the value chain, with advanced materials needed in batteries, fuel cells, green hydrogen production and infrastructure, or lightweight composites for aerospace. We are also aiming to increase the use of bio-based, recycled-based or CO2-capture-based raw materials for surfactants and additives used in consumer products, among others.
More broadly, we are pushing the boundaries of innovation, with 80% of our research project pipeline in 2024 dedicated to sustainable solutions, as defined by our Sustainable Portfolio Management Framework. An important example is our partnership with Climate Impulse, supporting the world’s first non-stop, emissions-free flight around the globe in a green hydrogen-powered plane.
Mitigating physical risks
The effects of climate change are not distant threats; they are already disrupting global supply chains, operations, and markets. We are actively assessing physical climate risks and developing strategies to increase resilience across our infrastructure.
Environmental Stewardship
At Syensqo, we recognize that the health of ecosystems where we operate is instrumental for the long-term success of our business. Across our global network of sites, we are reducing our environmental impact and working toward a more sustainable industry.
Sustainable Portfolio
At Syensqo, we are advancing science to support the transition to a circular, low-carbon economy. Our portfolio is shifting toward renewable, recyclable, and lower-emission solutions aligned with key industry trends such as electrification, lightweighting, and the bio-economy.