Dependent: Net Zero product portfolio roadmaps In 2024 committed to building Net Zero roadmaps for key product groups accounting for almost half of total Scope 1, 2 and upstream Scope 3 footprint. Cross-functional teams exploring portfolio transformation. Levers include energy investments, value chain engagement, sustainable bio-based sourcing, product technology innovation, efficiency savings and (by 2050) permanent carbon removals.
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Dependent: Bio-based and sustainable raw material sourcing More than half of carbon-containing raw materials come from bio-based sources (56% in 2024, target >75% by 2030). Target shifting beyond primary crop feedstocks to recycled and waste materials. 88.2% palm derivatives RSPO Mass Balance certified; complying with EU Deforestation Regulations. Founder member of Action for Sustainable Derivatives (ASD).
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Dependent: Product-level carbon footprint data for customer Scope 3 Product Carbon Footprint (PCF) statements now available for >2,000 products including ~1,500 Beauty and 600 Home Care ingredients. Supports customers in calculating their Scope 3 upstream and enables carbon-informed procurement decisions. Internal Product Information Management system rolling out globally in 2025.
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Permanent carbon removal as residual neutralisation by 2050 Net Zero pathway diagram shows permanent carbon removal as the final lever to neutralise residual emissions by 2050, in line with SBTi Net Zero definition (residual ≤10% of baseline, neutralised by permanent removals). No current removals deployed; removals positioned as future endpoint after all reduction levers.
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Dependent: Supplier engagement via EcoVadis, SBTi alignment and SiGREEN platform 90.5% of key suppliers have EcoVadis scores above minimum 45/100. 66% of raw material volume covered by public carbon reduction commitments, 45% by suppliers with verified SBT or following SBT guidelines (up from 16% in 2023). Launched SiGREEN platform via Together for Sustainability (TfS) to automate supplier carbon data collection. Supplier-specific carbon data obtained for 23% of materials.
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Primary: Decarbonising manufacturing heat via energy-from-waste and on-site investment Maintaining 1.5°C trajectory by designing decarbonisation into capital investment decisions and reassessing energy procurement. Chocques (France) site uses recovered steam from a local waste incinerator (over 85% of steam demand) and signed an MOU for a new, more efficient incinerator due 2027. All Croda locations have a decarbonisation roadmap (target met 2022).
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Restated GHG emissions to integrate Solus Biotech Iksan site Restated 2018, 2022 and 2023 results for GHG emissions (Scope 1, 2, 3), emissions intensity, energy and water to complete integration of Iksan site following acquisition of Solus Biotech mid-2023.
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Committed to building Net Zero roadmaps for key product groups In 2024, committed to building roadmaps to Net Zero for key product groups accounting for almost half of total Scope 1, 2 and upstream Scope 3 carbon footprint. Net zero target by 2050.
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First Double Materiality Assessment completed Completed first Double Materiality Assessment in 2024 following ESRS methodology, in preparation for CSRD compliance from 2025.
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Primary: Internal carbon price built into capital allocation Internal carbon price helps build business cases for decarbonisation investments. Disconnecting GHG emissions from value growth. Scope 1 and 2 emissions reduced by 28% since 2018 baseline (target -46.2% by 2029).
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