Albemarle Corporation

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016

In its 2023 reporting, Albemarle Corporation disclosed greenhouse gas emissions of 3.2K kt CO2e. By scope: Scope 1: 728 kt CO2e; Scope 2: 273 kt CO2e (market-based), 388 kt CO2e (location-based); Scope 3: 2.2K kt CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
3.2K kt CO2e
2023
⚡
Renewable Energy
16%
of total energy
💧
Water Usage
13.6 million m3
2023
⚙️
Energy Use
16.2 million GJ
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).728 kt CO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.273 kt CO2e (market-based), 388 kt CO2e (location-based)
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).2.2K kt CO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
20233.2K kt CO2e
20222.9K kt CO2e/year
20212.6K kt CO2e (Scope 1+2+3)
2019902.0K mt CO2e/year
20180.96 million metric tons (tCO2e)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Engage with suppliers to collect primary data for 90% of raw material carbon footprint by 2024.
  • Reduce SOx emissions by 90% by 2027 (2022 baseline).

📅 Medium-term

  • Grow Energy Storage business in a scope 1 + 2 carbon-intensity neutral manner through 2030 (2019 baseline).
  • Reduce scope 1 + 2 carbon intensity of Specialties by 35% by 2030 (2019 baseline).
  • Reduce scope 1 + 2 carbon intensity of Ketjen by 35% by 2030 (2019 baseline).
  • Reduce the intensity of freshwater usage by 25% by 2030 in Chile and Jordan (2019 baseline).

🔭 Long-term

  • Developing a Decarbonization Roadmap to identify key technologies and opportunities for reducing carbon emissions beyond 2030.

🌱 ESG Focus Areas

Natural Resource ManagementPeople, Workplace and CommunitySustainable Value Creation

⚠️ Challenges & Risks +

  • Dynamic market environment.
  • Increased GHG intensity in Specialties and Ketjen businesses due to lower production volumes.
  • Higher carbon intensity at Kemerton due to start-up phase.
  • Underperforming third-party water recovery unit at JBC, increasing freshwater intensity.

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards, SASB, TCFD recommendations, UNGC
Assurance: PwC (limited assurance on energy consumed, water withdrawal, water consumed, percentage of freshwater consumed in high/extremely high water stress countries, and Scope 1 & 2 GHG emissions)