CHARLOTTE, N.C., June 2, 2022
/PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the
global specialty chemicals industry, announced today the release of
its annual global Sustainability Report.
2021 Sustainability Report Highlights
- On Track to Meet Existing Targets for GHG and Freshwater
Intensity
- Initial Assessment of Scope 3 Greenhouse Gas Emissions
(GHG)
- Completed Initial Life Cycle Assessments (LCAs) of Lithium
Products
- New Targets for Diversity, Equity and Inclusion (DE&I)
Priorities
- Sustainability Webcast Scheduled for June 28, 2022, at 9 a.m.
EDT
"Albemarle plays an important
role in combating climate change, enabling the energy transition
and supporting safe and sustainable advancement of electrification
and digitalization," said Albemarle CEO Kent Masters. "Sustainability is core to our
long-term strategy. Our Sustainability Report highlights progress,
commitments, and successes we realized in 2021 on a global scale as
we continue to add value for all our stakeholders through our
sustainability efforts."
On Track to Meet Existing Targets for GHG Emissions and
Freshwater Reductions
Last year, Albemarle began executing its climate strategy
and the company is on track to meet or exceed initial
sustainability targets for GHG emissions and freshwater intensity.
This year's report includes 2021 actions such as the procurement of
renewable energy in the U.S. and the
Netherlands and construction completion of a $100 million thermal evaporator in Chile. Albemarle also engaged PricewaterhouseCoopers
LLP to provide independent assurance of scope 1 and 2 GHG
data.
Initial Assessment of Scope 3 GHG Emissions and Completed
LCAs
In this year's report, Albemarle announced its initial assessment of
scope 3 GHG emissions, including areas such as purchased goods and
services, processing of sold products, use of sold products, and
end-of-life treatment of sold products. The company will continue
to refine its assessment in the coming years and will use the
initial assessment to work with customers and suppliers to reduce
emissions across the supply chain.
The report also provides detail on Albemarle's first LCAs, completed in 2021,
related to rock-based lithium hydroxide and brine-based lithium
carbonate. Both studies were performed in accordance with ISO
14040/14044 standards. In addition, Albemarle plans to incorporate LCA requests
into its sustainable procurement process to better understand the
environmental impact of its suppliers.
DE&I Targets
In 2021, the company released its
DE&I strategic plan for measurable actions to integrate
DE&I in decision making, enhance organizational effectiveness,
and meet future challenges and needs. Albemarle has set a
2022 goal of increasing global gender diversity by a further 1%
year over year with a particular focus on its manufacturing
workforce, and a goal to increase U.S. racial diversity in
senior-level management roles by 1% year over year. The company
plans to increase diversity steadily and consistently with the
long-term goal of meeting or exceeding global manufacturing
benchmarks.
For more information, please see Albemarle's 2021 Sustainability Report.
Albemarle Sustainability Webcast
Albemarle will host a webcast on
Tuesday, June 28, at 9 a.m. EDT with CEO Kent
Masters, CFO Scott Tozier, VP
of Government and Community Affairs Ellen Lenny-Pessagno, VP of
Investor Relations and Sustainability Meredith Bandy and VP of
Culture Timitra Hildebrand-Jones, who will present an update on
Albemarle's sustainability
initiatives.
Registration for the webcast can be accessed here. Once
registered, users will receive a link via email to directly access
the webcast. A webcast replay will be posted to the company's
website following the conclusion of the event.
About Albemarle
Albemarle Corporation (NYSE: ALB) 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