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European Climate Pact

Overview

Location

Germany

Sector

Chemicals

Organisation type
Business

Company Information

Wacker Chemie AG is a public global chemicals company with specialty products ranging from tile adhesives to solar cells. It is headquartered in Munich, Germany. In 2021, the company reported a revenue of 7.2 million Euro and 14,400 employees.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Wacker Chemie AG has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2020. Wacker Chemie AG has a target to reduce absolute scope 3 CO2e emissions 25% by 2030 from a base year of 2020.

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • 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

Our actions – the Pathway

  • Have a target to improve energy efficiency

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Water

Our actions – the Pathway

  • Wacker Chemie AG have a target to reduce water withdrawals per product by 2030 from a base year of 2020 starting in 2021
  • Have an internal price on water 
  • Have a target to reduce product water intensity
  • Publicly disclose data on water-related impact to investors through a public platform
  • Have board-level oversight of water issues
  • Integrate water-related issues into the company's financial planning
  • 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 Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • 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