Updated sustainability framework ensures balance of environmental, societal and economic needs
SIBELCO have published a new document detailing the framework through which the company proactively manages the environmental, social, and governance (ESG) impacts of its global operations.
Sibelco’s sustainability strategy was recently updated following a scheduled exercise to revisit the results of a comprehensive 14-month materiality assessment originally conducted in 2019-20. The review led to development of an updated sustainability model together with an ambitious set of goals to be achieved by 2030.
Built around Sibelco’s purpose – material solutions advancing life – the updated sustainability strategy contributes to 11 of the 17 United Nations Sustainable Development Goals.
‘In a rapidly changing environment, it is essential that we proactively manage the environmental and social impacts of our activities within a strong governance structure,’ explained Cathy Blervacq, Sibelco’s vice-president of sustainability.
‘Sustainability has always been key to our local operations, and in recent years we have developed a global framework within which all of our sites now operate. Our revised strategy represents the next step on our journey to leadership in sustainability.’
Chief executive officer Hilmar Rode added: ‘Sibelco operate in a complex environment across multiple markets and geographies. Driven by clearly defined priorities, our sustainability strategy is ensuring that we always balance environmental, societal, and economic needs.’
As part of the enhanced sustainability framework, Sibelco have published a new Climate Report outlining the company’s approach to energy and greenhouse gas emissions reduction. The report sets out reduction targets which were validated by the Science Based Targets initiative (SBTi) in November 2022.
Sibelco will report on progress against all of their 2030 sustainability goals each year as part of the company’s integrated annual report.