To support the transition towards a low carbon and more sustainable future, Safripol has developed its first environmental targets, focusing in Phase 1 on carbon mitigation and water security. We are committed to responsibly manage the natural resources which we consume within our operations, and help reduce GHG emissions, recognising the impact of our actions on climate change and its impact on the natural ecosystems and society.
To see how we have performed against our GHG emission reduction and water withdrawal targets refer to page 20 and page 21 respectively.
GHG emission reduction targets
Safripol aimed for a 7.5% reduction in GHG emissions (tonne CO₂e) and a 9% reduction in GHG emission intensity (tonne CO₂e/tonne product) in FY 2024 compared to the baseline year FY 2021. To meet our emission reduction goals, we focused on implementing energy efficiency projects and decarbonisation of our energy sources across our operations by utilising renewable energy.
In FY 2024, we reviewed and updated our short-term (FY 2024 – FY 2028) GHG reduction targets to ensure they are both ambitious and realistic. This review focused on flexibility, considering sector complexities, supply chain dynamics and business growth, while aligning with the SDGs.
Following the review, we continue to prioritise a 20% reduction in GHG emission intensity by FY 2028 however no longer target an absolute reduction in GHG emissions. We believe the updated targets will provide a clearer view of operational carbon efficiency.
Water withdrawal targets
Safripol has set a target to reduce fresh potable water withdrawal from municipal supply by 8% by FY 2028, using FY 2021 as the baseline year. We aim to reduce our reliance on municipal water by increasing water reuse and recycling within our facilities. We are focusing on optimising our processes to prevent water losses, e.g. from cooling towers, to ensure more efficient water usage throughout our operations.
FAQs
Q1: What two primary areas are the Phase 1 environmental targets focused on?
A1: Safripol’s first environmental targets, designed to support the transition to a low-carbon future, are focused in Phase 1 on carbon mitigation and water security.
Q2: What were Safripol’s initial GHG emission reduction targets for FY 2024?
A2: Safripol aimed for a 7.5% reduction in absolute GHG emissions (tonne CO2e) and a 9% reduction in GHG emission intensity (tonne CO2e / tonne product) by FY 2024.
Q3: How were the GHG reduction targets updated for FY 2028, and why?
A3: The short-term targets (FY 2024 – FY 2028) were reviewed to ensure they are both ambitious and realistic. Safripol continues to prioritise a 20% reduction in GHG emission intensity by FY 2028 but no longer targets an absolute reduction in GHG emissions.
Q4: What is the target and strategy for reducing municipal water withdrawal?
A4: Safripol has set a target to reduce fresh potable water withdrawal from municipal supply by 8% by FY 2028. The strategy is to increase water reuse and recycling within facilities and optimise processes to prevent water losses (e.g., from cooling towers).
Q5: What strategic activities does Safripol focus on to meet emission reduction goals?
A5: To meet emission reduction goals, Safripol focuses on implementing energy efficiency projects and decarbonisation of energy sources across its operations by utilising renewable energy.
Safripol’s Environmental Targets: See How Our Core Values Drive Action. Download the Sustainability Report