Climate Change Data

Bakelite Synthetics

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:2,713,933 MT CO2e
Scope 1 Emissions:3.5%
Scope 2 Emissions:4.6%
Scope 3 Emissions:91.9%

ESG Focus Areas

  • Environmental Stewardship
  • People & Safety
  • Product Sustainability

Environmental Achievements

  • Established baseline greenhouse gas inventories.
  • Achieved ISO 14001 certifications at multiple manufacturing locations.
  • Implemented initiatives to harness renewable energy and capture energy from exothermic processes.
  • Engineering design work for solar power at Barry, UK and Lantaron, Spain to reduce CO2e by 160 MT per year.
  • Implemented recycling programs for post-industrial waste streams at Iserlohn-Letmathe, Germany, with a target of 90% recycling.

Social Achievements

  • Safety performance ranking in the top quartile of American Chemistry Council (ACC) peer companies in 2022.
  • Expanded parental leave benefits in the U.S. in 2022.
  • Implemented a paternity leave policy in the U.S. in 2022, making it available globally.
  • Bakelite Italia awarded by the Insubria Health Protection Agency for seven consecutive years for its Workplace Health Promotion program.

Governance Achievements

  • Established a new executive role and an ESG Advisory Committee dedicated to driving sustainability initiatives.
  • Joined the American Chemistry Council (ACC) and its Responsible Care® program.
  • Initiated Responsible Care® certification process at Concordia, Argentina site.

Climate Goals & Targets

Medium-term Goals:
  • Achieve 2030 Sustainability Goals (Reduce Energy Consumption, Minimize Climate Change Impact, Promote Sustainable Water Management, Promote Sustainable Production Patterns, Creating a safe workplace and an enhanced employee experience, Harnessing innovation to continuously improve product sustainability)
Short-term Goals:
  • Solidify 2030 goals post-acquisition.

Environmental Challenges

  • Reducing waste
  • Minimizing carbon footprint
  • Reusing materials
  • Innovating new products with bio-renewable and recycled materials
Mitigation Strategies
  • Site-level energy assessments and best practice sharing.
  • Sourcing low-carbon energy.
  • Implementing recycling programs.
  • Exploring ways to reduce emissions from raw material production, transportation, and packaging.
  • Collaborating with customers to incorporate bio-renewable raw materials into products.

Supply Chain Management

Supplier Audits: >60% of raw material spend with EcoVadis “Gold” certified vendors or higher; >30% with vendors participating in Responsible Care®

Responsible Procurement
  • Supplier Code of Conduct (Ethics and Compliance with Laws; Human Rights; Environmental, Health, and Safety; Intellectual Property and Information Protection; and Trade Controls and Customs Compliance)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN Sustainable Development Goals (SDGs)

Certifications: ISO 14001, ISO 9001, ISO 45001 (Barry, UK and Solbiate, Italy)

Third-party Assurance: WAP Sustainability Consulting (limited assurance over GHG emissions data)

Sustainable Products & Innovation

  • Resi-Boost™ Gen2
  • LEAF™ Low-emission Adhesives
  • BreakThru™ Technology
  • Bakelite® Insulation Binder Resins
  • LEAF Free™