UNITED KINGDOM: Croda has outlined the progress it is making toward its sustainability targets in the firm’s new sustainability report. This latest report provides an excellent overview of the economic, environmental and social performance that is seeing the company go from strength to strength, according to the firm.
Along with exceptional economic performance during 2011, which led to its entry into the FSTE100 for the first time this March, environmental and social highlights included a 4.9% reduction in total group energy consumption; a 9.2% reduction in total group water usage; a 42.9% reduction in total group landfill waste; 78,500 training hours, covering 86% of the global workforce; and a 32% increase in 1% Club time, Croda’s community volunteering program.
In addition, Croda also increased its use of non-fossil fuels to 14.5%, with a target of 25% by 2015 and maintained its unique position within the chemical industry of obtaining in the region of 70% of its raw materials from natural sources.
“It is no longer enough to strive to be successful in traditional financial terms, businesses have to realize that their responsibilities are broader,” said Steve Foots, Croda’s group chief executive. “We feel that through our emphasis on emerging markets and technologies, we are making our own small contribution to enhancing the capabilities of future generations, which is why we believe that Croda is at the very forefront of sustainable business.”