IMCD N.V. ("IMCD" or "Company"), a global leading distribution partner and formulator of speciality chemicals and ingredients, today announced it has committed to the Science Based Target initiative (SBTi) and intends to set near-term emissions reduction targets in line the SBTi criteria and recommendations.
The SBTi is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis. Aligning with the Paris Agreement goal of limiting global warming, the SBTi develops standards, tools and guidance for organisations to set greenhouse gas (GHG) emission reduction targets to keep global warming to a minimum.
In recent years, IMCD has strengthened its carbon footprint visibility, building a solid foundation to develop near-term emissions targets aligned with SBTi guidelines.
“At IMCD, we aspire to be a force of influence, helping to grow a world of opportunity into a sustainable future�, says Valerie Diele-Braun, Chief Executive Officer. “IMCD has presence and teams in more than 60 countries. We are aware of the potential impacts of climate change in the markets we serve, and we see it as our responsibility to reduce our footprint and help minimise the impacts of our industry. With our commitment to SBTi, we are taking a next step to do just that.�
The commitment will be published on the SBTi from 6 March 2025.
More information on our decarbonisation journey will be included in the Company’s 2024 Integrated Report, which is set to be released on 5 March 2025.