Elkem: Part of the solution
Elkem aims to be a part of the solution to combat climate change.
This message was first published in connection with the launch of Elkem's climate roadmap 2021.
Our mission is to provide advanced material solutions shaping a better and more sustainable future. We have a clear corporate strategy to strengthen our competitive positions through specialisation and growth. With this climate roadmap, we further detail our ambitions to reduce our emissions towards net zero – while growing the business.
Elkem endorses the aim of the Paris agreement of limiting global warming to well below two degrees and we will contribute by reducing our emissions. Elkem has a good starting point, with 83% of our electricity already coming from renewables. We aim to reduce our global fossil CO2 emissions by 28% from 2020-31 while growing the business. This implies reducing our average product carbon footprint by 39%. Our long-term goal is net zero by 2050.
We expect sustainability to drive increasing demand for the advanced materials with low carbon footprint that Elkem provides, including silicones, silicon and carbon solutions. These are essential for greener solutions like electric vehicles, renewable energy and better buildings. We aim to grow our business 5-10% per year and grow our supplies to the green transition.
What happens to the materials we produce after they leave our plants also matters to the climate. That is why we also step up on circular economy, to enable more recycling – both within our value chain and with our customers.
Environment, Social & Governance (ESG) issues are increasingly important for our stakeholders. We are proud to perform well on ESG ratings like CDP’s A list on climate. Our performance on this roadmap, however, should be measured on how we deliver on reducing our emissions while growing our supplies to the green transition.
CEO, Elkem ASA
Learn more about how we work to reduce our company's environmental footprint