The chemical industry has a significant responsibility to reduce its carbon footprint, given its contribution to global greenhouse gas emissions. The industry is being pushed to prioritize sustainability commitments, but it is essential to focus on long-term value creation. With the ever-shortening window of opportunity for climate action, it is imperative to act now. In this white paper, GEP examines how chemical companies can create green capacities and switch to using more environment-friendly direct materials. Major downstream companies across various industries have already set science-based targets to reduce emissions, and it is crucial to deliver steep change in scope 1 and 2 emissions. The chemical industry must work with its procurement teams to create sustainable solutions that will benefit the industry and the planet.
