Company hosting Sustainability Day webcast
with leadership on June 20 at
9 a.m. EDT
CHARLOTTE, N.C., June 5, 2023
/PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader
in providing essential elements for mobility, energy, connectivity
and health, today released its annual Sustainability Report,
Committed to Building a More Resilient World.
2022 Sustainability Report Highlights
- On-track progress toward sustainability goals and targets
- New goals for air quality, scope 3 greenhouse gas emissions
(GHG) and diversity
- Initial Task Force for Climate-related Financial Disclosures
(TCFD) report
- Sustainability Day webcast scheduled for Tuesday, June 20, 2023, at 9 a.m. EDT
"Our annual Sustainability Report is an opportunity to share the
progress we have made on our key environmental and diversity
targets," said Albemarle CEO Kent
Masters. "Albemarle is a
values-driven organization that strives to operate with
transparency and integrity. As we continue to execute against our
growth strategy and innovate around new products and
technologies, we are dedicated to doing so with people and planet
in mind."
Progress Against Sustainability Targets
- Albemarle is on track to
achieve its goal of reducing the intensity of freshwater usage in
Chile and Jordan by 25% by 2030.
- Albemarle finished 2022 ahead
of its diversity, equity and inclusion (DE&I) targets of
increasing global gender diversity and U.S. racial diversity in
senior-level management roles year-over-year.
- Lithium GHG emissions intensity is tracking well below 2030
target.
- Bromine and Catalysts businesses are on track to achieve goals
to reduce GHG emissions by 35% by 2030, in line with science-based
targets.
- Albemarle is restating GHG
targets to align with the company's new global business
structure.
- Albemarle introduced a new air
quality goal to reduce 90% of sulfur oxide (SOx) emissions by 2027,
with a 2022 baseline.
- Albemarle introduced a new
scope 3 target to engage with suppliers to collect 75% by 2023 and
90% by 2024 of the company's raw material carbon footprint data;
setting the foundation for a future scope 3 reduction target.
Task Force for Climate-related Financial Disclosures
Report
In 2022, Albemarle began to
report aligned with the TCFD recommendations by providing investors
and other stakeholders with more comprehensive information about
the impacts of climate change on the business.
For more information, please view Albemarle's 2022 Sustainability Report.
Albemarle Sustainability Day Webcast
Albemarle will host its annual
Sustainability Day webcast on Tuesday, June
20, 2023, at 9 a.m. EDT
featuring updates from CEO Kent
Masters, global leadership across Energy Storage,
Specialties, DE&I, Finance and Global External Affairs, as well
as community partners and customers.
Registration for the webcast can be accessed here. Once
registered, users will receive a link via email to directly access
the webcast. A webcast replay will be posted to the company's
website following the conclusion of the event.
About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming
essential resources into critical ingredients for mobility, energy,
connectivity, and health. We partner to pioneer new ways to move,
power, connect and protect with people and planet in mind. A
reliable and high-quality global supply of lithium and bromine
allow us to deliver advanced solutions for our customers.
Learn more about how the people of Albemarle are enabling a more resilient world
at albemarle.com and on Twitter @AlbemarleCorp.
Albemarle regularly posts
information to its website, including notification of events, news,
financial performance, investor presentations and webcasts,
non-GAAP reconciliations, Securities and Exchange Commission
("SEC") filings and other information regarding the company, its
businesses and the markets it serves.
Forward-Looking Statements
This press release contains statements concerning our expectations,
anticipations and beliefs regarding the future, which constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are based on assumptions that we have made as of
the date hereof and are subject to known and unknown risks and
uncertainties, often contain words such as "anticipate," "believe,"
"estimate," "expect," "guidance," "intend," "may," "outlook,"
"should," "would," and "will". Forward-looking statements include
statements regarding our progress toward our sustainability,
environmental, diversity, and other similar goals and targets, and
all other information relating to matters that are not historical
facts. Factors that could cause Albemarle's actual results to differ
materially from the outlook expressed or implied in any
forward-looking statement include: changes in economic and business
conditions; financial and operating performance of customers;
timing and magnitude of customer orders; fluctuations in lithium
market pricing; production volume shortfalls; increased
competition; changes in the product demand; availability and cost
of raw materials and energy; technological change and development;
fluctuations in foreign currencies; changes in laws and government
regulation; regulatory actions, proceedings, claims or litigation;
cyber-security breaches, terrorist attacks, industrial accidents or
natural disasters; political unrest; changes in inflation or
interest rates; volatility in the debt and equity markets;
acquisition and divestiture transactions; timing and success of
projects; performance of Albemarle's partners in joint ventures and
other projects; changes in credit ratings; and the other factors
detailed from time to time in the reports Albemarle files with the SEC, including those
described under "Risk Factors" in Albemarle's most recent Annual Report on Form
10-K and any subsequently filed Quarterly Reports on Form 10-Q,
which are filed with the SEC and available on the investor section
of Albemarle's website
(investors.albemarle.com) and on the SEC's website at www.sec.gov.
These forward-looking statements speak only as of the date of this
press release. Albemarle assumes
no obligation to provide any revisions to any forward-looking
statements should circumstances change, except as otherwise
required by securities and other applicable laws.
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SOURCE Albemarle Corporation