Chemours Takes the Next Step in its ESG and Sustainability Journey; Commits to Set Science-Based Emissions Reduction Targets

August 05, 2022 07:30 AM Eastern Daylight TimeWILMINGTON, Del.--(BUSINESS WIRE)-- The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the latest step in its journey to help build a sustainable future through a signed commitment with the Science Based Targets initiative (SBTi) to establish science-based targets for scopes 1, 2, and 3 greenhouse gas (GHG) emissions. Chemours' pledge complements the progress the company continues to make against the ESG goals outlined in its 2030 Corporate Responsibility Commitment (CRC).

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'Chemours is helping create a better world through the power of our chemistry, and our environmental leadership is driven by our sustainable product portfolio and commitment to responsible manufacturing. Since announcing our Corporate Responsibility Commitment goals in 2018, we've continued to challenge ourselves to achieve more, including setting a more ambitious goal to achieve a 60% absolute reduction of operations-related GHG emissions by 2030,' said Mark Newman, President and CEO of Chemours. 'Pursuing science-based emissions reduction targets reflects how we continually work to strengthen our ambitious climate goals. We will continue to act with courage and agility to reduce our operational impact while delivering more innovative and sustainable solutions that enable other companies and governments to achieve their climate goals.'

Chemours is among the first chemical companies to commit to setting science-based targets with SBTi, a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. The initiative is a collaboration between the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF), and the United Nations Global Compact, which Chemours signed in 2018. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies' targets.

Chemours chemistry powers products used every day to live better, from smartphones to 5G communications, lower global warming potential refrigeration, more modern and advanced infrastructure, and low to no emission vehicles. The company's chemistry is also critical in realizing a more sustainable future by enabling clean energy such as hydrogen that can be created through water electrolysis or stored in fuel cells to generate electricity on demand.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.