26 April 2016
26 April 2016
Covestro has set ambitious sustainability targets for itself. Today on Earth Day, the company has announced that it intends to reduce its CO emissions by 50 percent based on a base line of 2005.
According to Covestro, it joins global governments, civil society and forward-looking private sector businesses in supporting the results of the COP21 United Nations Climate Conference and making a commitment to the United Nations Sustainability Development Goals.
“We are very fortunate to have a Board that has a desire to push the sustainability agenda,” said Covestro’s Chief Sustainability Officer, Richard Northcote. “This is also closely tied to the future development of our company. Our business model is oriented on the constant development of sustainability solutions, for that is precisely what the markets are looking for.”
Covestro has long been developing solutions for greater energy efficiency. One example is its lightweight materials for automobiles that help to reduce fuel consumption. Another focal point is its polyurethane insulating materials for the thermal insulation of buildings and the cold chain. All of these developments contribute to a significant reduction of CO emissions. This maxim also applies to Covestro itself.
Northcote is confident that the company can achieve its new climate targets by the deadline. “We set our first target of a 20 percent reduction of CO emissions in 2005 and hit this within six years. We then set a target of 30 percent and achieved that within three years. The next target was 40 percent, and, while we are still on the home stretch, we are already planning for a new record.”
Northcote, who is currently accompanying the Solar Impulse team en route from Hawaii Moffett Airfield in California, added that ambitious emissions targets are important not only with respect to climate protection, but also for driving the business.
Web Industries has signed a letter of intent with East Forty to purchase 12 acres of land for a manufacturing plant in Marysville, Washington, north of Seattle, US.
ITASA has successfully initiated production at its new plant located in Querétaro, Mexico.
Solvay has signed a long term agreement with Safran for the supply of high temperature composites and adhesives. Safran will use these advanced materials on several of their critical engine components.