NOTIFICATION: The Technology Channels will soon be discontinued.
Click here to download complimentary copies of Fastmarkets RISI’s pulp and paper newsletters.

 

Germany-based chemical distribution specialist Brenntag publishes its 2020 sustainability report

Read so far

Germany-based chemical distribution specialist Brenntag publishes its 2020 sustainability report

April 28, 2021 - 05:48
Posted in:

ESSEN, Germany, April 28, 2021 (Press Release) -Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, has published its sustainability report for fiscal year 2020. The report outlines the goals achieved and projects implemented for a wide range of sustainability topics. In addition, Brenntag has defined ambitious targets for the year 2021. They will help to further sharpen the company’s sustainability profile, develop a comprehensive strategic framework for sustainability and to drive implementation.

The current sustainability report demonstrates the progress Brenntag was able to achieve in fiscal year 2020. For example, ten pilot projects for sustainable solutions with selected key suppliers were initiated. In addition, the gold status in the EcoVadis sustainability assessment was again confirmed and with 71 points, the result was even improved compared to the last rating score. The Group’s CO2 emissions (Scope 1 and 2) per 1,000 warehouse tons of goods sold decreased by 6 percent compared to basis year 2016. 

Christian Kohlpaintner, Chief Executive Officer Brenntag SE, comments: “I am convinced that as a globally operating company Brenntag has to take responsibility, especially in challenging times like these. We have fully achieved four of our seven sustainability targets for 2020, formulated in 2016. We have also recorded clear success with our three other goals, though our objectives have not yet been fully realized. In 2021, we are developing a comprehensive strategic framework for sustainability including new and more ambitious goals. We consider sustainability aspects as drivers of our business and important contributors to our growth and enhanced value creation.”

Brenntag has defined new sustainability goals for 2021 that mark the path for our long-term sustainability roadmap. They consist of four building blocks: safety, climate, sustainable procurement, and ratings. One of these goals is an absolute reduction of Brenntag’s CO2e emissions (Scope 1 and 2) by four percent compared to 2020 CO2e emissions. One important driver for this are three solar panel projects that will start to operate during this year. In addition, a further nine solar panel projects will have undergone a feasibility study until the end of this year and are to be realized within the next two years.

Dirk Eckert, Group Sustainability Manager at Brenntag, on the goals for 2021: “With safety, climate, sustainable procurement and ratings, we have set ourselves ambitious targets in key sustainability areas. Our successful way forward and delivering to target setting is also reflected in our once again excellent EcoVadis sustainability rating. Although Brenntag already belongs to the top one percent of companies in our industry assessed, we are keen to develop even further.”

About Brenntag:

Brenntag is the global market leader in chemicals and ingredients distribution. The company holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has more than 17,000 employees worldwide and operates a network of more than 670 sites in 77 countries. In 2020, Brenntag generated sales of around 11.8 billion EUR. The two global divisions, Brenntag Essentials and Brenntag Specialties, provide a full-line portfolio of industrial and specialty chemicals and ingredients as well as tailor-made application, marketing and supply chain solutions, technical and formulation support, comprehensive regulatory know-how, and digital solutions for a wide range of industries. In the field of sustainability, Brenntag pursues specific goals and is committed to sustainable solutions in its own sector and the industries served. Brenntag shares are listed at the Frankfurt Stock Exchange and are included in the MDAX and DAX 50 ESG.