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Future of Product Carbon Footprints in the Personal Care Industry

Where are carbon footprints headed? Increasing legislation will hopefully help keep the pressure on for a universal reduction in the size of carbon footprints, regardless of the industry. In this blog we’ll take a closer look at the legislation surrounding carbon, as well as some of Croda’s future ambitions.

Are carbon footprints a legislative requirement?

It’s more than likely that the future will see more and more legislation surrounding carbon emissions come into force. The European Union’s Green Deal(1) is a good example of an initiative with a strong focus on limiting carbon emissions. The deal is committed to making Europe climate-neutral by 2050, whilst achieving sustainable economic growth. It includes a range of proactive policies and initiatives, including a carbon tax, which have been designed to encourage companies to reduce their carbon footprint and prioritise sustainability. In fact, the EU has established the EU Emissions Trading System (EU ETS), which is the world's largest carbon market.(2) The EU ETS sets a cap on carbon emissions for various industries and allows the trading of carbon allowances. Other regions are also developing similar plans, for example the US has made significant commitments to combating climate change under the Biden administration; and China (the world’s largest emitter of greenhouse gases) has also been working on implementing various policies and initiatives to accelerate greenhouse gas reduction, including a recently established carbon emission trading system. China Mainland may also implement a carbon tax to help achieve its carbon goals of reaching carbon peak by 2030 and carbon neutrality by 2060.(2)

As the number and strength of these policies grow worldwide, the importance of businesses being able to identify, track and reduce their own carbon emissions, and so their carbon footprint, will grow ever stronger. Those that position themselves at the forefront of this green revolution, ensuring compliance with regulations, driving down emissions and meeting consumer expectations, may potentially even find themselves benefitting from financial incentives in the future.

What are Croda’s future ambitions in terms of carbon footprint and carbon emissions?

Croda is committed to achieving net zero by 2050; we have verified Science based targets in line with restricting global warming to 1.5˚C above the pre-industrial average. To meet this goal, we have implemented ambitious decarbonisation roadmaps at each of our sites. Our work to decarbonise requires scrutinising all aspects of the business, from how we source our raw materials and manufacture our ingredients to how our ingredients are then used by formulators and finally by the consumer once in formulation.

Our journey includes a 2030 target to reduce our average product carbon footprint by 35% through reductions in our scope 1,2 and 3 emissions and we are also committed to reducing our scope 1 and 2 emissions by 46.2% and our upstream scope 3 emissions by 13.5% from our 2018 baseline.

Decarbonising for the future

Ultimately, reducing carbon emissions in the personal care industry is crucial for the health of our planet and our own well-being. We have a responsibility to address carbon emissions and embrace sustainable sourcing practices. Through increased collaboration we can, as an industry, make significant progress towards reducing our carbon footprint. This in turn will allow us all to make more informed choices and see sustainability take positive strides forward. Join us on our journey.

 

References:

1) https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal_en

2) ey-green-tax-tracker-30-june-2023.pdf,

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