Johnson Matthey PLC
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Johnson Matthey PLC is a British multinational company that operates in the catalysts sector. The company was founded in 1817 by Percival Norton Johnson and George Matthey and is headquartered in London, United Kingdom. Johnson Matthey is a leading provider of sustainable technologies and solutions that help to reduce emissions and improve the quality of life for people around the world.
The company is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. Johnson Matthey aims to achieve net-zero emissions by 2040, which is in line with the Paris Agreement's goal of limiting global warming to 1.5°C above pre-industrial levels. To achieve this goal, the company is investing in renewable energy, energy efficiency, and low-carbon technologies.
One of the ways Johnson Matthey is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider that allows the company to purchase renewable energy at a fixed price. By using corporate PPAs, Johnson Matthey can reduce its reliance on fossil fuels and support the development of renewable energy projects.
In addition to using corporate PPAs, Johnson Matthey is also investing in renewable energy projects. The company has installed solar panels at its facilities in Royston and Swindon, which generate a combined total of 1.5 MW of electricity. Johnson Matthey is also exploring the use of other renewable energy sources, such as wind and biomass, to further reduce its carbon footprint.
Johnson Matthey is also committed to improving its corporate energy efficiency. The company has implemented a number of initiatives to reduce energy consumption, such as upgrading lighting systems, installing energy-efficient equipment, and implementing energy management systems. By improving its energy efficiency, Johnson Matthey can reduce its carbon footprint and save money on energy costs.
As a leading provider of catalysts, Johnson Matthey is also playing a key role in decarbonisation. Catalysts are substances that accelerate chemical reactions, and they are used in a wide range of applications, including the production of renewable energy and the reduction of emissions from vehicles and industrial processes. Johnson Matthey is developing innovative catalysts that help to reduce emissions and improve the efficiency of industrial processes.
One example of Johnson Matthey's work in the catalysts sector is its partnership with the European Union's Horizon 2020 programme. The company is part of a consortium that is developing a new catalyst for the production of hydrogen from renewable sources. Hydrogen is a clean-burning fuel that can be used in a wide range of applications, including transportation and energy storage. By developing a more efficient catalyst for the production of hydrogen, Johnson Matthey is helping to accelerate the transition to a low-carbon economy.
In conclusion, Johnson Matthey PLC is a leading provider of sustainable technologies and solutions that help to reduce emissions and improve the quality of life for people around the world. The company is committed to decarbonisation and is investing in renewable energy, energy efficiency, and low-carbon technologies. By using corporate PPAs, investing in renewable energy projects, improving its energy efficiency, and developing innovative catalysts, Johnson Matthey is playing a key role in the transition to a low-carbon economy.