The chemical industry has a large environmental footprint and therefore transforming our industry will have a great impact. It is our responsibility and a prerequisite for long-term survival. Our long term ambition is Zero Negative Impact, which guides our efforts to reduce our footprint when it comes to greenhouse gas emissions, water and waste, and we have set ambitious 2030 and 2035 targets to support this ambition.
Our long-term ambition of Zero Negative Impact is intended to guide our efforts so that our production and products aim to minimize negative impacts on people, society, and the environment.
We have set targets for 2030 and 2035 as a step on the way towards our ambition of becoming Zero Negative Impact. These targets comprise science based emission reduction targets and targets on climate, water and waste.
To ultimately work towards our ambition of becoming Zero Negative Impact, we must look at every aspect of the company to identify possible ways of reducing negative environmental impact. Here are some examples of how we are doing this.
The Science-Based Targets initiative is a collaboration between Carbon Disclosure Project, the UN Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) which helps companies to set emissions reduction targets in line with the latest climate science and aligned with the Paris agreement.
Mass balance is an important mechanism to drive the large-scale transformation from virgin fossil raw materials to renewable or recycled materials. We apply  Traceable Mass Balance which acknowledges the basic principles of mass balance but applies chemical and physical traceability.
Perstorp has implemented Internal Carbon Pricing for Scope 1, 2, and 3 emissions. Internal Carbon Pricing is a way to future-proof a company by driving investments that support sustainability improvements and help reduce CO2 emissions. It is a mechanism to put an internal price on our CO2 emissions and take this into account in business cases and as the guiding principle for our decision-making.
“Reaching our science-based targets will require big efforts, including reducing energy consumption at our production sites and shifting to renewable or recycled energy and raw materials sources,” says Anna Berggren, VP Sustainability at Perstorp Group. “The investments and decisions we make today will generate emissions in the long future. Therefore, we need to take informed decisions where this risk factor is taken into account to support our journey towards our targets in 2030 and beyond. Internal Carbon Pricing is one very concrete way to implement sustainability aspects into our financial decision-making process.”
We have established a new investment category that is dedicated to investments in projects with sustainability benefits. This includes everything from large investment projects in our processes to smaller improvements such as installing more energy-efficient windows and electric vehicle charging stations. This category is intended to enable investments that are expected to contribute to our sustainability objectives and will be an important driver toward our 2030 sustainability targets. Projects in this investment category can have lower ROI requirements to ensure we prioritize important sustainability-driven investments.
