Croda International Plc — full event log

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.

sustainability_report p.4

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).

sustainability_report p.8

External sustainability ratings: CDP Discloser 2024, EcoVadis Gold (top 5%) February 2024, MSCI ESG AAA.

sustainability_report p.12

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.

sustainability_report p.18

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.

sustainability_report p.13

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.

sustainability_report p.18

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%.

sustainability_report p.21

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.

sustainability_report p.13

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.

sustainability_report p.21

Refined methodology and assumptions for downstream Scope 3 inventory (first measured 2023) to better identify hotspots and prioritise customer collaboration on decarbonisation.

sustainability_report p.15

Croda has reduced absolute Scope 1+2 emissions by 28% from 2018 baseline, on track for its SBT of 46.2% reduction by 2029. At the Chocques (France) site - one of Croda's largest - most steam is supplied by an external waste-to-energy incinerator (84-94% of steam demand 2018-2024), with a new more efficient incinerator partnership signed for completion 2027. All Croda sites have decarbonisation roadmaps (target met 2022). The firm has 'reassessed how we procure energy' alongside designing decarbonisation into capital investment decisions, supported by an internal carbon price.

sustainability_report p.13

Product Carbon Footprint (PCF) statements made available for >2,000 products across all markets (since 2023). Supports customer Scope 3 decarbonisation, including ~1,500 Beauty Care + 600 Home Care ingredients. Downstream Scope 3 first measured 2023, with refined methodology in 2024 to identify hotspots.

sustainability_report p.7

All Croda employees globally paid a Living Wage since 2021. In 2024 completed initial assessment of contractor population. In final stages of Fair Wage Network certification.

sustainability_report p.3

Croda's net zero roadmap (illustrative diagram, p13) shows permanent carbon removals only deployed in 2050 to neutralise residual emissions (no more than 10% of baseline, per SBTi Net Zero definition). The interim pathway to 2030 relies on energy investments, value chain engagement, sustainable bio-based raw material sourcing, supply chain emission reductions and efficiency savings - not on offsets or removals. No removals tonnage disclosed for 2024.

sustainability_report p.15

50% water use impact reduction target by 2030 vs 2018 baseline; top four sites in water-stressed regions (India, Brazil, France, Spain) achieved >25% reduction by end-2024. Total water withdrawal 3,248 Ml in 2024 (down 30% vs 2018). Chocques concentrator investment expected to cut water for steam-generation by 15%, reducing site groundwater demand by 3%; closed-water-loop engineering studies underway.

sustainability_report p.14

Croda committed in 2024 to building Net Zero roadmaps for key product groups (almost half of total Scope 1, 2 and upstream Scope 3 footprint). Targets aligned to SBTi Net Zero definition (residual emissions <=10% baseline, balance via permanent removals).

sustainability_report p.15

Croda acquired Solus Biotech mid-2023 and integrated the Iksan, Korea site into reporting, affecting GHG, energy and water totals from 2018 onwards (restated).

sustainability_report p.2

In December 2023 Croda's Board approved formation of a Board Sustainability Oversight Committee chaired by Chris Good (NED), creating Board-level capacity for sustainability governance and ESG compliance. Committee met four times in 2024.

sustainability_report p.17

In 2022 Croda divested most of its Industrial businesses, materially affecting reporting boundary; 2024 bio-based raw material milestone was set pre-divestiture and not rebaselined.

sustainability_report p.13

In October 2022 Croda declared its aspiration to become Net Nature Positive by 2030 and joined WBCSD. Participates in WBCSD SBTN Preparer Group / Nature Metrics Portal Initiative (launched at Biodiversity COP16). Uses RSPO Mass Balance as primary palm standard, raising to EUDR compliance.

sustainability_report p.14

In July 2021 Croda became the third major chemical company to gain SBTi verification for a 1.5°C-aligned Science Based Target: 46.2% absolute reduction in Scope 1 & 2 GHG emissions by 2029 vs 2018 baseline, plus 13.5% reduction in upstream Scope 3 in the same timeframe.

sustainability_report p.25