Croda progresses towards sustainability targets
Reports a 4.9% reduction in energy consumption and a 9.2% drop in water usage
Speciality chemicals company Croda has issued its 2011 Sustainability Report. Croda defines sustainability as doing business the right way by the environment, its people, the organisations it works with and the communities in which it operates and says that its latest report provides an excellent overview of its economic, environmental and social performance.
According to Croda, environmental and social highlights in 2011 included a 4.9% reduction in total Group energy consumption, a 9.2% reduction in total group water usage, a 42.9% reduction in total landfill waste, 78,500 training hours (covering 86% of the global workforce) and a 32% increase in '1% Club' time (Croda’s community volunteering programme).
The company also increased its use of non-fossil fuels to 14.5% with a target of 25% by 2015 and now obtains approximately 70% of its raw materials from natural sources.
“It is no longer enough to strive to be successful in traditional financial terms, businesses have to realise that their responsibilities are broader,” commented Steve Foots, Croda’s group chief executive. “We feel that through our emphasis on emerging markets and technologies, we are making our own small contribution to enhancing the capabilities of future generations, which is why we believe that Croda is at the very forefront of sustainable policies.”
