EAST YORKSHIRE, England—Croda is on track to meeting its sustainability targets as they address the issues most material to the company and its stakeholders in its 2011 Sustainability Report.
Its latest report provides an overview of the economic, environmental and social performance, including:
- 4.9-percent reduction in total Group energy consumption;
- 9.2-percent reduction in total Group water usage;
- 42.9-percent reduction in total Group landfill waste;
- 78,500 training hours, covering 86 percent of the global workforce; and
- 32-percent increase in 1 percent Club time, their community volunteering program.
The Company also increased its use of non-fossil fuels to 14.5 percent, with a target of 25 percent by 2015, and maintained its position within the chemical industry of obtaining in the region of 70 percent of its raw materials from natural sources.
“It is no longer enough to strive to be successful in traditional financial terms, businesses have to realize their responsibilities are broader," said Steve Foots, Croda’s group chief executive. “We feel through our emphasis on emerging markets and technologies, we are making our own small contribution to enhancing the capabilities of future generations, which is why we believe Croda is at the very forefront of sustainable business."
Croda’s underlying approach to sustainability is focused on establishing clear commitments and performance targets aligned to its material issues—the environment, health and safety, responsible sourcing, employees, corporate stakeholders and community.
