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European Climate Pact

Overview

Location

Netherlands

Sector

Food, Beverage & Tobacco

Organisation type
Business

Company Information

Corbion is a publicly listed ingredients and biobased chemicals company, headquartered in Amsterdam, Netherlands. Corbion specializes in lactic acid and its derivatives and a supplier of emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients. In 2021, the company reported a total workforce of 2,493 FTEs and a sales revenue of 1.1 billion Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Energy

North Star

  • Corbion has a company-wide target to consume 100% of electricity from renewable sources by 2030 from a baseline of 33.5% renewable electricity consumption in 2016

Pledge: Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria 

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Forests

Our actions – the Pathway

  • Set a quantifiable target for increasing the sustainable production and/or consumption of disclosed commodities as share of total
  • Have at least 90% of commodities certified in a no-deforestation compliant certification
  • Participate in jurisdictional approaches to promote the implementation of forests-related policies and commitments
  • Work beyond first tier suppliers to manage and mitigate deforestation risks through supply chain mapping or capacity building
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making
  • Have board-level oversight of forests-related issues
  • Have forests issues be fully integrated in all parts of long-term strategic business plans
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 
  • Have a system to control, monitor, and verify compliance with no-deforestation policies/commitments that covers all relevant operations and supply chains and shows more than 90% of total volume in compliance

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Forests 2022

 

Water

Our actions – the Pathway

  • Publicly disclose data on water-related impact to investors through a public platform
  • Integrate water-related issues into the company's financial planning
  • Integrate water-related issues into the company's long-term business objectives
  • Integrate water-related issues into the company's strategy to achieve long-term business objectives
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Water 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022