At the center of DOMO’s new sustainability strategy is a commitment to:
- Reduce scope 1 and 2 greenhouse gas (GHG) emissions by 40% by 2030 and 80% by 2040 vs. 2019, with a climate neutrality target by 2050
- Increase electricity from renewable sources to 50% by 2030 and 100% by 2040 against a 2019 baseline of 4%
- Double the share of circular products in Engineered Materials sales by 2030 from today’s 10% baseline
DOMO has already made significant progress towards the first two targets, reducing CO2 emissions from 400 kilotons in 2019 to 350 kilotons today, and increasing its electricity from renewable sources from 4% in 2019 to 10% today.
DOMO’s new targets demonstrate the company’s commitment to proactively drive climate protection and a circular economy along the entire value chain, making a significant contribution to the chemical industry’s ambitions to achieve global CO2 reductions.
“Sustainability is at the core of our corporate strategy and the center of our mission and vision,” said Yves Bonte, Chief Executive Officer. “Following our customers’ feedback on sustainability targets, DOMO is taking the initiative to lead in sustainability. In very close partnership with our customers, suppliers, and society, we aim to become a benchmark for sustainable development and social responsibility. Ultimately, we want to be recognized among the best in our industry by 2030,” he added.