iGM Resins
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:28,877 tCO2e (2022), 15,263 tCO2e (H1 2023)
Renewable Energy Share:Anqing: 50%, Mortara: 40%, Charlotte: 58%
Total Energy Consumption:80,606 MWh (2022), 40,707 MWh (H1 2023)
Water Consumption:226,358 m3 (2022), 122,479 m3 (H1 2023)
Carbon Intensity:3.3 tCO2e/ton (2022), 3.6 tCO2e/ton (H1 2023)
ESG Focus Areas
- Climate Change
- Responsible Consumption and Production
- Diversity, Equity & Inclusion
- Safety
- Sustainable Procurement
Environmental Achievements
- Achieved EcoVadis Gold Medal in 2022 for CSR performance, exceeding 96% of companies in the ISIC category 201.
- Reduced electricity intake of circulation pumps by 40% in Anqing through installing Variable Frequency Drives.
- Increased Air Conditioning temperature in summer in all control rooms and laboratories by 2°C in Anqing, reducing electricity intake.
- Mortara and iGM’s Headquarters switched to LED lighting, saving more than 50% of energy yearly cost in Mortara.
- Anqing plant recognized by the National Renewable Information Center (NRIC) for reducing carbon emissions by almost 500,000 kG of CO2 per month using solar power (providing 50% of plant electricity).
Social Achievements
- Launched IGM Impact Day in 2021, with a focus on environmental preservation in 2022 and World Cleanup Day in 2023.
- Launched a new Global On-boarding Program in October 2021.
- Implemented Ability to Execute and GoodHabitz development programs for employees.
- Zero whistleblowing reportings.
Governance Achievements
- Joined the United Nations Global Compact initiative in 2022.
- Established a Corporate Social Responsibility policy aligned with UN Global Compact principles.
- Supervisory Board reviews and approves ESG strategy and action plans.
- Executive team applies ESG practices and management, with variable compensation linked to sustainability KPIs.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- 50% Carbon intensity reduction (tCO2e/ton) for scope 1&2 by 2030
- 25% reduction of energy intensity (kWh/ton) by 2030
- 80% of renewable energy by 2030
- 10% Reduction in water intensity (m3/ton) by 2030
- 60% of non European nationalities in first and second tier management by 2030
- 50% women in first and second tier management by 2030
- > 10 nationalities in first and second tier management by 2030
Short-term Goals:
- Not disclosed
Environmental Challenges
- Reducing GHG emissions intensity.
- Reducing energy and water intensity.
- Increasing renewable energy share.
- Maintaining zero incidents in release to the environment.
Mitigation Strategies
- Implementing innovative solutions for chemical processes and plants.
- Investing in renewable energy assets (solar panels, wind power).
- Process improvements and smart water consumption.
- Process optimization teams focusing on improving yield and reducing waste.
Supply Chain Management
Responsible Procurement
- ISO 14001 certification required for suppliers
- Supplier Code of Ethics and Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GHG Protocol, UN Global Compact, UN SDGs (12 & 13), EcoVadis
Certifications: ISO 14001
Third-party Assurance: Vinçotte (LCA audit), SouthPole (Carbon Footprint)
UN Sustainable Development Goals
- SDG 12
- SDG 13
Focus on Responsible Consumption and Production and Climate Action.
Sustainable Products & Innovation
- PureLine™ portfolio (PureOmer™, PureVadd™)
Awards & Recognition
- EcoVadis Gold Medal (2022)
- Air Compliance Excellence Award (ACE) (Charlotte plant, multiple years)