CHARLOTTE, N.C.,
June 3,
2025 /PRNewswire/ -- Albemarle Corporation (NYSE:
ALB), a global leader in providing essential elements for mobility,
energy, connectivity, and health, today published its 2024
Sustainability Report. Entitled Values-Led, Purpose-Driven,
the report provides an update on Albemarle's achievements in line
with the company's sustainability goals.
"As a values-led organization, sustainability is foundational to
how we choose to operate," said Albemarle Chairman and CEO
Kent Masters. "The initiatives
outlined in this report speak to our commitment to creating a more
resilient world. We remain dedicated to minimizing our
environmental footprint, creating responsible and reliable products
for our customers, and engaging with our communities to foster
positive outcomes."
Report Highlights
Reducing our carbon footprint
- Due to efficiency improvements and increased procurement of
renewable and carbon-free electricity, we remain on track to grow
our Energy Storage business in a scope 1 and 2 carbon
intensity-neutral manner. In addition, our Specialties and Ketjen
segments also remain on track to meet their 2030 scope 1 and 2
carbon emissions targets on an absolute basis.
- 24% of our total electricity consumed was generated from
renewable sources, an increase from 16% the previous year.
- Initiated a decarbonization roadmap to assess enterprise hot
spots and identify intervention approaches including
electrification and renewable/carbon-free electricity, process
changes and efficiency improvements, fuel substitutions and
end-of-pipe solutions.
Practicing responsible freshwater management
- Our operations in Chile and
Jordan are on track to meet our
2030 freshwater intensity target.
- In Chile, we achieved an
additional 28% reduction in freshwater intensity by further
optimizing the efficiency of our La Negra facility and completing
the first year of continuous operation for our Salar Yield
Improvement Project.
- At our Jordan Bromine Company (JBC) joint venture, we achieved
the mechanical completion of NEBO, a process upgrade that is
expected to bring the facility's freshwater intensity in line with
2030 targets.
Supporting our customers' sustainability goals
- We expanded the development of externally verified Product
Carbon Footprints to include more bromine and lithium products from
locations in the U.S., Jordan and
China.
Promoting the resilience of our communities
- A human rights assessment was conducted at our Salar de
Atacama site in Chile to confirm
our standards and tools align with global best practices to protect
the rights of our employees, suppliers and communities.
To read Albemarle's 2024 Sustainability Report, visit the
company's website at www.albemarle.com.
The report was developed with reference to the Global Reporting
Initiative (GRI) standards, the Sustainability Accounting Standards
Board (SASB) standards and recommendations outlined by the Task
Force on Climate-Related Financial Disclosures (TCFD).
About Albemarle
Albemarle Corp. (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
allows 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, LinkedIn and on X
(formerly known as Twitter) @AlbemarleCorp.
Albemarle regularly posts information to www.albemarle.com,
including notification of events, news, financial performance,
investor presentations and webcasts, non-GAAP reconciliations, U.S.
Securities and Exchange Commission filings and other information
regarding the company, its businesses and the markets it
serves.
FORWARD-LOOKING STATEMENTS
The 2024 Sustainability Report and our sustainability webpage
contain statements relating to Albemarle's operations, growth
strategies and sustainability plans that are based on our current
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," "design," "target,"
"project," "commit," "aim," "intend," "may," "outlook," "scenario,"
"should," "would," and "will." Forward-looking statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and other factors, many of which are beyond the
company's control and are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements. The reader should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this report. Unless legally required,
Albemarle undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise. Standards of measurement and
performance made in reference to our environmental, social,
governance and other sustainability plans and goals may be based on
protocols, processes and assumptions that continue to evolve and
are subject to change in the future, including due to the impact of
future regulations. 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; fluctuations in lithium market prices; production volume
shortfalls; increased competition; changes in product demand;
availability and cost of raw materials and energy; technological
change and development; changes in laws and government regulation;
regulatory actions, proceedings, claims or litigation;
cyber-security breaches, terrorist attacks, industrial accidents or
natural disasters; political unrest; acquisition and divestiture
transactions; timing and success of projects; performance of
Albemarle's partners in joint ventures and other projects; 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.
Media Contact:
Peter Smolowitz, +1 (980)
308-6310, media@albemarle.com
Investor Relations Contact:
+1 (980) 299-5700, invest@albemarle.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/albemarle-publishes-2024-sustainability-report-updates-efforts-to-reduce-carbon-footprint-manage-freshwater-responsibly-and-support-customers-sustainability-goals-302471310.html
SOURCE Albemarle Corporation