SBTi commitment: 50% GHG reduction by 2030 Colorcon committed to the Science Based Targets initiative, aiming to reduce GHG emissions by 50% by 2030. Target validation including Scope 3 emissions calculations to be completed by June 2026.
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Aligned with UN SDGs 3, 4, 6, 8, 12, 13, 15 Colorcon aligns its sustainability priorities with UN SDGs: 3 (Good Health & Well-being), 4 (Quality Education), 6 (Clean Water and Sanitation), 8 (Decent Work and Economic Growth), 12 (Responsible Consumption and Production), 13 (Climate Action), and 15 (Life on Land).
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30% cleaning water reduction by 2027 Water audits will be conducted with a goal to reduce cleaning water usage by 30% by 2027. Recycling water at India and China sites in water-scarce locations.
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Biodiversity project at each manufacturing site by 2026 By 2026, Colorcon will identify and support at least one positive biodiversity project at each manufacturing site, partnering with local communities to protect sensitive ecosystems and native species.
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Third-party validation planned by 2026 Colorcon plans to pursue third-party validation of its sustainability program by 2026. Currently no external assurance.
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24% renewable electricity via PPAs, RECs and on-site solar; 90% by 2030 Colorcon sources 24% of electricity from renewables in 2024 (up from 0% in 2021 baseline) through a mix of on-site solar generation and renewable energy credits. India locations have implemented on-site solar providing 30% and 5% of electricity at two sites respectively. The remainder is from purchased renewable energy credits. Climate action goal is to achieve a minimum of 90% renewable electricity usage by 2030.
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Primary: HVAC and natural gas reduction (Scope 1) Since 2021, natural gas consumption has declined 23% (from 2,503,509 m³ to 1,933,328 m³), contributing to a 39% reduction in Scope 1 emissions through upgrades such as new HVAC systems. Energy audit plan to be developed by end of 2025 followed by comprehensive action plan.
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Primary: Energy efficiency at facilities (LEED, airflow optimization) All new Colorcon facilities required to incorporate resource-efficient operations including energy, HVAC, compressed air, lighting and water systems. Corporate HQ in Harleysville, PA has LEED Gold certification; LEED Silver is minimum standard for new construction. Optimizing airflow and upgrading air conditioning has lowered electricity consumption 1.6% since 2021 despite four additional sites.
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Dependent: Product life cycle assessment and recycled packaging Life cycle assessment process to be implemented in 2025; target of LCAs for 25% of products by 2026. 100% of new controlled atmosphere packaging products to be tested for recyclability starting 2025. Assessing use of recycled materials in packaging where regulatory limits (pharmaceutical/food contact) allow.
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90% renewable electricity by 2030 Climate action goal to achieve a minimum of 90% renewable electricity usage by 2030.
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