IMCD's Decarbonisation Journey: A Step Towards Science-Based Targets

IMCD, a leading global distributor of speciality chemicals and ingredients, has taken a significant step in its decarbonisation journey by committing to set near-term emissions reduction targets in line with the Science Based Targets initiative (SBTi) criteria and recommendations. This commitment aligns with the company's long-term sustainability goals and financial objectives, as it seeks to reduce its carbon footprint and contribute to a more sustainable future.

IMCD's commitment to the SBTi is a testament to its dedication to combating climate change and minimising the impacts of its industry. By setting science-based targets, the company aims to reduce its greenhouse gas (GHG) emissions in a manner that is consistent with the Paris Agreement goal of limiting global warming. This proactive approach will enable IMCD to play a crucial role in driving the transition to a low-carbon economy.

The company's CEO, Valerie Diele-Braun, emphasised the importance of collaboration in tackling sustainability challenges. By joining the TfS initiative earlier this year, IMCD expanded its reach and increased its impact on sustainability performance in chemical supply chains worldwide. This commitment, combined with its new pledge to set SBTi near-term targets, demonstrates IMCD's commitment to working together with other businesses to create a more sustainable future.

IMCD's sustainability efforts are not limited to its own operations. The company is also committed to supporting its customers and suppliers in their own sustainability journeys. By providing sustainable solutions and encouraging its partners to adopt similar practices, IMCD can help to reduce emissions across the value chain. This collaborative approach will not only contribute to a more sustainable future but also strengthen IMCD's relationships with its customers and suppliers.

The commitment to set SBTi near-term targets is a significant milestone in IMCD's decarbonisation journey. By setting ambitious, science-based emissions reduction targets, the company can reduce its exposure to climate-related risks and improve its long-term financial performance. This commitment is in line with the SBTi's findings that companies with science-based targets have been shown to boost profitability, improve investor confidence, drive innovation, reduce regulatory uncertainty, and strengthen brand reputation.

In conclusion, IMCD's commitment to set SBTi near-term targets is a crucial step in its decarbonisation journey. By aligning its emissions reduction targets with the Paris Agreement goal of limiting global warming, the company demonstrates its commitment to sustainable business practices and responsible corporate citizenship. This commitment, combined with its collaborative approach to sustainability, will enable IMCD to create a more sustainable future for its customers, suppliers, and the broader community.