Cambrex Corporation

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Since 2019, Cambrex Karlskoga has signed an agreement ensuring that 100% of electricity used is origin-labelled hydropower, generating zero Scope 2 emissions for electricity. Steam, supplied by the Karlskoga combined heat and power plant, comprised 97% renewable and recovered energy in 2023, with the supplier targeting 99% renewable steam by 2025. Cambrex actively collaborates with the steam supplier to increase renewable fuel use.

No narrative on durable removals approach in the firm's most recent reports.

• Solvent and catalyst recycling

  Cambrex reuses catalysts in some processes and recycles spent catalysts through external parties (target: 100% recycling of spent catalysts). Where logistics and regulation permit, solvents are recycled in cooperation with customers. Waste that cannot be recycled goes to incineration with energy recovery; internal wastewater treatment reduces volumes that would otherwise be incinerated.

• Energy efficiency & condensate heat recovery

  Since 2019, a dedicated energy-efficiency working group has implemented 28+ measures yielding savings of 10,324 MWh steam and 1,816 MWh electricity. Condensate recovery from production facilities saves over 3,000 MWh/year in heating costs. In 2024 work continued to expand condensate-based building heating and to install more efficient heat exchangers. Building ventilation in Z15 was instrumented in 2024 to enable demand-control.

• Water consumption reduction (-20% by 2030)

  Water consumption (drinking, softened and river water) is being reduced through digitalisation, mapping water flows, and smart cooling/heating. 2024 focused on measuring outflows per factory. Target: 20% reduction in total water consumption by 2030.

• VOC and process emissions reduction

  Cambrex calculates emissions to air (VOC) using calculation software and reports under environmental permit limits (80 t/year). VOC emissions rose to 60 t in 2024 (from 49 t in 2023) due to higher production. Long-term aim is to reduce VOC emissions as far as technically and financially possible. Work has been initiated in response to new BAT conclusions for waste-gas treatment in the chemical sector.

• Supplier qualification & Code of Conduct rollout

  Cambrex sources chemicals, packaging and services from a global supplier base. Supplier qualification covers quality, HSE and sustainability practices including ethics and working conditions. In 2024, 85% of suppliers contacted responded to Code of Conduct requests (38% provided own equivalent policies). Around 100 supplier evaluations planned for 2025; audit programme being expanded with sustainability focus.