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INDUSTRY NEWS


Perstorp to set science-based emission reduction targets in line with Paris Climate Agreement


Perstorp Group, a world leader in chemical innovation, has committed to setting science-based targets to reduce greenhouse gas emissions, in line with the Paris Climate Agreement. Targets will be set for both direct and indirect emissions (scope 1, 2 and 3 according to the Greenhouse Gases protocol) and calculated with projected future expansion and growth considered. The ambition is to apply for science-based targets in 2021.


“For direct greenhouse gas emissions, a challenge is to significantly reduce emissions from our production plants while growing our production. To reduce our indirect emissions, we need to intensify the transition from fossil raw materials to more sustainable, lower carbon footprint alternatives, and grow our Pro-Environment product portfolio. Working with Science Based Targets initiative enables us to be transparent, and will ensure that our low-carbon transformation is aligned with climate science,” says Anna Berggren, VP Sustainability at Perstorp Group.


Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to


reduce their greenhouse gas emissions. The Science Based Targets initiative advocate science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy. It is a collaboration between Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC).


“The chemical industry, which is fundamental to almost all other industries and sectors, has an important role to play in reaching the goals set by the Paris Climate Agreement. As a business within the chemical industry we believe we can help enable a sustainable transition for all those other industries, sectors and products along our value chains, and we are committed to doing our part,” highlighted Jan Secher, President and CEO at Perstorp Group.


LINK www.perstorp.com


GB Lubricants wins Gold Award for sustainability GB Lubricants has announced that, once again, it has


achieved a Gold Rating in corporate social responsibility & sustainability from EcoVadis, a leading global provider of business sustainability ratings. This places the UK-based industrial lubricant manufacturer in the top 5% of all companies evaluated worldwide. EcoVadis experts evaluate company performance on 21 factors grouped into four categories: environment, labour and human rights, ethics and sustainable procurement. Each company is assessed in these areas based on size, location and industry. The rating methodology is based on international sustainability standards and initiatives, such as the Global Reporting Initiative (GRI) Standards,


United Nations Global Compact and ISO 26000 standard (social responsibility).


GB Lubricants Managing Director, Paul Booth commented “I am delighted that we have not only retained our Gold Award but the auditors noted our ongoing improvement in key areas. Sustainability and the CSR continues to form a fundamental part of GB Lubricants long term strategic plan and it’s important to have this independently audited and acknowledged”.


LINK www.gblubricants.co.uk


LUBE MAGAZINE NO.163 JUNE 2021


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