Energy, Emissions and Climate Change

Energy, Emissions and Climate Change

We understand that climate change poses a unique challenge for society and that collective effort is required to effectively mitigate and prepare for its impacts. We are committed to doing our part by reducing our greenhouse gas (GHG) emissions and contributions to climate change while taking actions to address risks climate change may pose for our business.

Managing Our Impact

Managing Our Impact

We routinely analyze our environmental policies and procedures to comply with applicable laws, regulations and industry standards. We are also implementing initiatives designed to understand and reduce our environmental impact, including with respect to our energy use and GHG emissions.

Measuring Our Footprint

Measuring Our Footprint

We recognize we have an ability to impact the key drivers of climate change, and therefore we are committed to measure, report and reduce, where possible, our GHG emissions. Due to the formulation-based nature of our operations, our energy consumption is lower than that of other more traditional chemical manufacturers. Regardless, we actively monitor our electricity and energy consumption to help drive reductions. 

Using the market-based methodology outlined in the World Resource Institute’s GHG protocol, we assessed the Scope 1 and 2 emissions generated by our organization. Through this process, we measured the carbon emissions associated with the fuels we utilize for heating our buildings and backup generators (Scope 1 emissions) and the electricity we purchase to power our operations (Scope 2).

Using the market-based methodology outlined in the World Resource Institute’s GHG protocol, we assessed the Scope 1 and 2 emissions generated by our organization. Through this process, we measured the carbon emissions associated with the fuels we utilize for heating our buildings and backup generators (Scope 1 emissions) and the electricity we purchase to power our operations (Scope 2).

Electricity usage accounts for approximately 48% of our total energy consumption and approximately 63% of our Scope 1 and Scope 2 GHG emissions. In addition, renewable energy contributed 6.4% of our overall energy use in 2020.

3XIncrease in renewable energy used since 2018

Singapore Solar Energy Supply Contract

In 2020, we entered into a 25-year solar energy supply agreement at our MacDermid Enthone and Alpha Metals Singapore sites. We expect to install systems with a total of ~2,400 Gigajoule (GJ) of output per year which we anticipate will reduce carbon dioxide emissions of over 270 tons. Over the full term of the contract, we anticipate eliminating ~6,000 tons of carbon emissions.