Croda International Plc is a leading global specialty chemicals company based in the United Kingdom. The company operates in the Functional Additives sector, providing innovative solutions to a wide range of industries, including personal care, health care, crop care, and industrial chemicals. Croda’s products are used in a variety of applications, from skin and hair care products to lubricants and coatings.

Croda is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint and support the transition to a low-carbon economy. The company has a clear strategy to reduce its greenhouse gas emissions, increase its use of renewable energy, and improve the energy efficiency of its operations.

One of the key ways that Croda is working to reduce its carbon footprint is through its Corporate Energy program. This program focuses on optimizing energy use across the company’s global operations, and includes initiatives such as energy audits, energy-efficient lighting and HVAC systems, and the use of renewable energy sources.

Croda is also exploring the use of Corporate Power Purchase Agreements (PPAs) to support its transition to renewable energy. PPAs are long-term contracts between a buyer and a renewable energy supplier, which provide a stable and predictable source of renewable energy. By entering into a PPA, Croda can secure a reliable source of renewable energy and support the development of new renewable energy projects.

In addition to its Corporate Energy program and PPAs, Croda is investing in renewable energy projects to support its decarbonisation goals. For example, the company has installed a 1.3 MW solar array at its manufacturing site in Hull, UK, which generates around 10% of the site’s electricity needs. Croda is also exploring the use of other renewable energy sources, such as wind and biomass, to further reduce its carbon footprint.

Croda’s commitment to sustainability and decarbonisation is reflected in its corporate culture and values. The company has a dedicated Sustainability team, which is responsible for driving sustainability initiatives across the company’s global operations. Croda’s Sustainability team works closely with other departments, such as R&D and Operations, to develop innovative solutions that reduce the company’s environmental impact.

In addition to its sustainability initiatives, Croda is also committed to responsible business practices and ethical conduct. The company has a strong Code of Conduct, which sets out its expectations for ethical behavior and compliance with laws and regulations. Croda also has a robust stakeholder engagement program, which includes regular dialogue with customers, suppliers, employees, and other stakeholders.

Croda’s commitment to sustainability and responsible business practices has been recognized by a number of external organizations. The company has been included in the Dow Jones Sustainability Index for eight consecutive years, and has received numerous awards for its sustainability initiatives, including the Chemical Industry Association’s Responsible Care Award.

In conclusion, Croda International Plc is a leading global specialty chemicals company that operates in the Functional Additives sector. The company is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint and support the transition to a low-carbon economy. Croda’s Corporate Energy program, Corporate PPAs, and renewable energy investments are all key components of its decarbonisation strategy. The company’s commitment to responsible business practices and ethical conduct is also reflected in its corporate culture and values.