ESSEN, Germany, April 8, 2019 (Press Release) -Brenntag, the global market leader in chemical distribution, has taken part for the first time in international organization CDP’s climate rating project. Every year, CDP analyzes several thousand companies worldwide with regard to their strategic approach to the challenges of climate change and rates their climate management activities based on a comprehensive list of criteria.
Steven Holland, Chief Executive Officer of Brenntag AG, who is responsible for sustainability in the company, explains: “By taking part in the CDP rating, we aim to further develop our energy and CO2 reporting based on recognized standards. At the same time, we are responding to calls from customers and investors for greater transparency and comparability in our reporting on CO2 emissions, and are also demonstrating our progress in climate management.”
Brenntag has been constantly working to reduce its CO2 emissions since establishing its Group-wide energy reporting system in 2016. In doing so, the company implements a wide variety of energy-efficiency and energy-saving measures at its operational sites all over the world. Brenntag has set itself the target of reducing CO2 emissions (Scope 1 and Scope 2) per warehouse ton of goods sold by 6% by 2020 compared with base year 2016.
CDP awards company ratings from A (“Leadership”) to D (“Disclosure”). Brenntag was awarded a C (“Awareness”) in the Climate Change 2018 rating. As Dr. Dirk Eckert, Sustainability Manager at Brenntag, explains: “This classification confirms to us that we are on the right track with our energy/CO2 reporting and management. Taking part in external rating programs like that of CDP shows us new potential and ways to further enhance our sustainability strategy and our monitoring so that we can continue to make positive contributions to protecting the environment.”
By its own account, CDP rates the climate data of almost 7,000 companies every year on behalf of more than 650 institutional investors. According to CDP, these investors represent some 87 trillion USD in fund assets and factor this data into their investment decisions.
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Essen, Germany, the company operates a global network with more than
580 locations in 73 countries and a workforce of more than 16,600 employees. In 2018, the company generated sales of EUR 12.6 billion (USD 14.8 billion). Brenntag connects chemical manufacturers and chemical users. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With more than 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 195,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution.