Brenntag (WKN A1DAHH), the global market leader in chemical distribution, has taken part for the first time in international organization CDP’s climate rating project. Every year, CDP analyzes several thousand companies worldwide with regard to their strategic approach to the challenges of climate change and rates their climate management activities based on a comprehensive list of criteria.
Steven Holland, Chief Executive Officer of Brenntag AG, who is responsible for sustainability in the company, explains: “By taking part in the CDP rating, we aim to further develop our energy and CO2 reporting based on recognized standards. At the same time, we are responding to calls from customers and investors for greater transparency and comparability in our reporting on CO2 emissions, and are also demonstrating our progress in climate management.”
Brenntag has been constantly working to reduce its CO2 emissions since establishing its Group-wide energy reporting system in 2016. In doing so, the company implements a wide variety of energy-efficiency and energy-saving measures at its operational sites all over the world. Brenntag has set itself the target of reducing CO2 emissions (Scope 1 and Scope 2) per warehouse ton of goods sold by 6% by 2020 compared with base year 2016.
CDP awards company ratings from A (“Leadership”) to D (“Disclosure”). Brenntag was awarded a C (“Awareness”) in the Climate Change 2018 rating. As Dr. Dirk Eckert, Sustainability Manager at Brenntag, explains: “This classification confirms to us that we are on the right track with our energy/CO2 reporting and management. Taking part in external rating programs like that of CDP shows us new potential and ways to further enhance our sustainability strategy and our monitoring so that we can continue to make positive contributions to protecting the environment.”
By its own account, CDP rates the climate data of almost 7,000 companies every year on behalf of more than 650 institutional investors. According to CDP, these investors represent some 87 trillion USD in fund assets and factor this data into their investment decisions.
Further information on the CDP Climate Change 2018 project can be found at www.cdp.net/en/climate
Further information on sustainability at Brenntag can be found at www.brenntag.com/sustainability
Brenntag’s Sustainability Report for Financial Year 2018 is to be published at the end of April 2019.