CHARLOTTE, N.C., June 2, 2021 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a leader in the global specialty chemicals
industry, announced today the release of its annual global
Sustainability Report. This year's report lays out meaningful and
achievable targets for greenhouse gas emissions and water
use.
"Albemarle is a values-driven
organization that is committed to doing the right things the right
way, and sustainability is a key to our success," said Kent
Masters, Albemarle CEO. "Our 2020 report illustrates the progress
we made with our sustainability initiatives and incorporates our
new targets, which are aimed at reducing energy and water use. Our
new climate strategy also outlines how we intend to work with our
key stakeholders and actively pursue operational efficiencies to
help create a safer and more sustainable world."
Sustainability Strategy and Targets
Climate
Strategy
Albemarle's
climate strategy details how the company manages climate-related
risks at existing operations and across new projects, partners with
customers to enable their sustainability ambitions, and
collaborates with its stakeholders to help fight climate
change.
Greenhouse Gas Emissions
Albemarle supports the goals of the Paris
Agreement and aspires to achieve net zero carbon emissions by 2050.
The company commits to reducing the carbon-intensity of its
Catalysts and Bromine businesses (jointly) by 35% by 2030, in-line
with science-based targets. Albemarle also commits to growing its Lithium
business in a carbon-intensity neutral manner through 2030.
Over the next two years, the company also intends to build the
underlying project portfolio and to assess the ability to meet, or
exceed, these targets.
Water Use
Water is a critical component in the
successful operation of Albemarle's business and the company commits
to reduce the intensity of freshwater usage by 25% by 2030 in areas
of high and extremely high-water risk as defined by the World
Resources Institute (WRI).
Alignment with Global Standards
In April 2021, Albemarle became a signatory to the United
Nations Global Compact (UNGC), deepening its commitment to being a
sustainable and responsible business. This year's report also maps
the company's sustainability priorities that support the UN SDGs in
order to determine where Albemarle
can have the greatest impact.
Albemarle's 2020 report aligns
with the Sustainability Accounting Standards Board (SASB) standards
that help disclose material, decision-useful information to
investors and is referenced to the Global Reporting Initiative
(GRI) standards, which ensures relevant and transparent
disclosures.
For a complete review of Albemarle's 2020 Sustainability Report and its
new sustainability targets, please visit
https://www.albemarle.com/sustainability.
Albemarle Sustainability Conference Call
Albemarle will host a webcast on Thursday, June 3, at 10:00
a.m. EDT with CEO Kent
Masters and CFO Scott Tozier,
who will present an update on the company's sustainability
initiatives.
This call will be webcast and can be accessed through
Albemarle's corporate website at
https://investors.albemarle.com/ or via the webcast link here:
Albemarle Annual Sustainability Conference Call.
About Albemarle
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty
chemicals company with leading positions in lithium, bromine, and
refining catalysts. We think beyond business-as-usual to power the
potential of companies in many of the world's largest and most
critical industries, such as energy, electronics, and
transportation. We actively pursue a sustainable approach to
managing our diverse global footprint of world-class resources. In
conjunction with our highly experienced and talented global teams,
our deep-seated values, and our collaborative customer
relationships, we create value-added and performance-based
solutions that enable a safer and more sustainable future.
We regularly post information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, non-GAAP reconciliations, SEC filings
and other information regarding our company, its businesses and the
markets it serves.
Forward-Looking Statements
Some of the
information presented in this press release, the conference call
and discussions that follow, including, without limitation,
information related to sustainability goals and commitments,
targets and timelines for achievement, environmental impact
reduction goals, sustainability priorities, and all other
information relating to matters that are not historical facts may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results
and future actions could differ materially from the views or plans
expressed or implied due to a number of important factors,
including those detailed from time to time in the reports we file
with the SEC, including those described under "Risk Factors" in our
most recent Annual Report on Form 10-K any subsequently filed
Quarterly Reports on Form 10-Q. These forward-looking statements
speak only as of the date of this press release. We assume no
obligation to provide any revisions to any forward-looking
statements should circumstances change, except as otherwise
required by securities and other applicable laws.
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SOURCE Albemarle Corporation