RVBA-CIP

Croda International Plc — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

← back to Data by year

2024· 14 events

Dependent: Net Zero product portfolio roadmapsData confidence — high

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.

sustainability_report p.13

Dependent: Bio-based and sustainable raw material sourcingData confidence — high

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).

sustainability_report p.14

Dependent: Product-level carbon footprint data for customer Scope 3Data confidence — high

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.

sustainability_report p.7

Permanent carbon removal as residual neutralisation by 2050Data confidence — high

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.

sustainability_report p.13

Dependent: Supplier engagement via EcoVadis, SBTi alignment and SiGREEN platformData confidence — high

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.

sustainability_report p.13

Primary: Decarbonising manufacturing heat via energy-from-waste and on-site investmentData confidence — high

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).

sustainability_report p.13

Restated GHG emissions to integrate Solus Biotech Iksan siteaffects scope 1 co2eData confidence — high

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.

sustainability_report p.21

Committed to building Net Zero roadmaps for key product groupsData confidence — high

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.

sustainability_report p.13

First Double Materiality Assessment completedData confidence — high

Completed first Double Materiality Assessment in 2024 following ESRS methodology, in preparation for CSRD compliance from 2025.

sustainability_report p.4

Primary: Internal carbon price built into capital allocationData confidence — high

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).

sustainability_report p.4

Maximising renewable energy in operationsData confidence — med

SBT commitment includes maximising use of renewable energy in operations. Chocques site sources >85% of steam demand from energy-from-waste incinerator (no GHG emissions from recovered energy), with new incinerator planned for 2027 to further improve efficiency. Limited specific PPA or RE100 disclosure.

sustainability_report p.12

Refined methodology for carbon emissions avoided and land area savedaffects avoided emissions tData confidence — high

Updated values for Land area saved and Carbon emissions avoided through use of products to improve quality of assumptions. Carbon emissions avoided restated -12.2% for 2023; Land Area Saved restated +21.2% for 2023.

sustainability_report p.21

Downstream Scope 3 inventory refinedaffects scope 3 co2eData confidence — high

Refined methodology and assumptions for downstream Scope 3 inventory to better identify hotspots. Downstream Scope 3 only measured from 2023.

sustainability_report p.13

Missed 70% bio-based raw materials milestoneaffects renewable materials input pctData confidence — high

Missed original 2024 milestone of >70% raw materials being bio-derived (achieved 56%), primarily because Industrial businesses were exited in 2022 and milestone not rebaselined.

sustainability_report p.13

2023· 2 events

Solus Biotech acquisition (Iksan site integration)Data confidence — high

Acquired Solus Biotech mid-2023; Iksan site integrated into reporting boundary in 2024.

sustainability_report p.2

Board Sustainability Oversight Committee formedData confidence — high

Board approved formation of Sustainability Oversight Committee in December 2023, chaired by Chris Good. Committee met 4 times in 2024.

sustainability_report p.17

2022· 2 events

Aspiration to be Net Nature Positive by 2030Data confidence — high

Declared aspiration to become Net Nature Positive by 2030, recognising responsibility for nature impacts through purchasing bio-based raw materials and opportunity for Ag technologies.

sustainability_report p.17

Exited most Industrial businessesData confidence — high

Croda divested many industrial businesses in 2022. Bio-based raw materials milestone (>70% by 2024) not restated despite divestiture, contributing to missed milestone.

sustainability_report p.13

2021· 2 events

SBTi-verified 1.5°C Science Based TargetData confidence — high

In 2021 Croda's SBT was verified as a reduction in Scope 1 and 2 GHG emissions by 46.2% by 2029 from a 2018 baseline year and a reduction in upstream Scope 3 GHG emissions of 13.5% in the same timeframe. Third major chemical company to gain 1.5°C verification.

sustainability_report p.17

Living Wage paid in all countries of operationData confidence — high

Since 2021, Croda has paid all employees a Living Wage in all countries of operation, as defined by Fair Wage Network. In final stages of FWN certification.

sustainability_report p.15