Primary: Manufacturing heat decarbonisation and process efficiency High-heat chemical reactions are the firm's largest operational emission source. Levers include waste-heat steam recovery (Chocques new incinerator partnership for 2027 commissioning), site-level decarbonisation roadmaps at all locations (achieved 2022), and embedding an internal carbon price into capital investment decisions.
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Alignment with 23 of 169 UN SDG Targets Croda's 2030 Commitment is aligned with 23 of the 169 UN SDG Targets, spanning SDGs 2 (zero hunger), 3 (health), 4 (education), 5 (gender), 6 (water), 7 (clean energy), 8 (decent work), 9 (industry/innovation), 12 (responsible consumption), 13 (climate), 14 (life below water), 15 (life on land) and 17 (partnerships).
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CDP Discloser 2024; EcoVadis Gold (top 5%) Feb 2024; MSCI ESG AAA External sustainability ratings: CDP Discloser 2024, EcoVadis Gold (top 5%) February 2024, MSCI ESG AAA.
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Primary: Right First Time and process waste elimination Quality Assurance lever targets 99.5% Right First Time by 2030 (98.62% in 2024, vs 98.42% in 2023). Zero process waste to landfill achieved with >99% of process waste diverted in 2024. Reduces material/energy/emissions intensity per tonne of product.
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Dependent: Supplier engagement - EcoVadis, SBTi alignment and SiGREEN carbon data 90.5% of key suppliers (2023: 83%) meet minimum EcoVadis score of 45. 66% of raw material volume covered by public carbon-reduction commitments; 45% from suppliers with verified SBT or following SBT guidelines (2023: 16%). Supplier-specific carbon data obtained for 23% of raw material volumes; SiGREEN platform launched via Together for Sustainability (TfS) to automate carbon-data collection; carbon now a factor in supplier award decisions.
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Missed 2024 bio-based raw materials milestone (71%) - not restated post-divestiture Croda missed its 2024 milestone of 71% bio-based organic raw materials (achieved 56% in 2024 vs 59% in 2023). Milestone was set before 2022 divestiture of most Industrial businesses and was not rebaselined.
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Restated GHG, energy and water for Solus Biotech integration Croda restated Scope 1, Scope 2 (location and market), Scope 3 upstream, emission intensity, total energy, and water withdrawal for prior years (2018, 2022, 2023) to complete integration of the Iksan site following the Solus Biotech acquisition mid-2023. Also corrected a data-gathering error for 2023 water withdrawal (165Ml duplicate). Restatements per policy when changes exceed 5%.
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Dependent: Bio-based raw material sourcing transitioning beyond virgin crops 56% of organic raw materials bio-based in 2024 (target 75% by 2030; missed 2024 milestone of 71% post-divestiture). RSPO Mass Balance is primary standard for palm-derivative products (88.2% of palm derivatives certified RSPO MB; 100% of Consumer Care palm ingredients RSPO certified on mass-balance basis). Moving beyond primary crops to consider recycled/waste materials.
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Restated Land Area Saved and Carbon Cover methodology Improved calculation methodology for Land Area Saved (2019 baseline 103,419 ha vs prior 92,223 ha, +12.1%) and Carbon emissions avoided / Carbon Cover Ratio (2023 0.9:1 vs prior 1.05:1, -14.5%) using a new rate of clothing damage for laundry performance additive and adjusted GHG emissions.
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Refined downstream Scope 3 methodology Refined methodology and assumptions for downstream Scope 3 inventory (first measured 2023) to better identify hotspots and prioritise customer collaboration on decarbonisation.
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