• News
  • eNews
  • Connections
  • Specials
  • Videos
  • Events
  • Event Calendar
DOMO Chemicals commits to neutral CO2 emissions growth by 2030
Source:Adsale Plastics Network    Editor:JK    Date:12.May.2021

DOMO Chemicals, a leading producer of high-quality engineering nylon materials, has announced its aspiration to be a benchmark and leader in sustainable development and social responsibility by 2030, with clear targets and criteria to drive a decade of progress.

 

By 2030, DOMO has committed to neutral CO2 emissions growth versus 2019, a 15% reduction in the carbon content of the company’s energy mix and a 7% reduction of industrial waste. DOMO has set a longer-term target to become climate neutral by 2050.

 

It has also pledged to help its customers by enhancing its offering of sustainable solutions, including: a 20% increase in sustainable applications; a 20% reduction in the carbon footprint of DOMO’s products and an increase of circular solutions by 50%.


1_web.jpg

DOMO Chemicals unveils ambition to lead in sustainable development within the decade.


One of DOMO’s most important social performance objectives is the safety of its worldwide activities. For this purpose DOMO has set protection goals with the recently Care to be Safe journey, which are valid throughout the group, aiming at an overall goal of zero accidents.

 

“The pursuit of sustainable value creation and long-term sustainable growth is deeply embedded in DOMO’s vision and mission as well as with our family shareholders. To achieve this sustainability, we are continuing a carefully planned transformation with a clear roadmap and objectives,” said Yves Bonte, DOMO's CEO.

 

The company has also developed ‘DOMO Beyond’, a bespoke, in-house sustainability management system that will help embed sustainable value creation and long-term growth by measuring progress each year on all three dimensions of ESG.

 

Moreover, the company is already reducing the footprint of its polymers by producing more efficiently with less energy consumption. In addition, the company is increasingly developing products based on alternative raw materials - such as bio-based materials - that are completely relegated after their lifetime – and reusing post-industrial and post-consumer waste.

 

In addition, industry-wide partnerships will be needed to achieve sustainability targets at the same time as generating business value. One example is the collaboration between DOMO, Covestro and Circularise, an innovative transparency start-up, to set up an open standard for sustainability and transparency in plastics supply chains using block chain technology.

 

One of its first projects is a block chain traceability project as part of the Startup Autobahn program, bringing together Porsche and material suppliers Borealis, Covestro and DOMO.

Like

0

Leave A Comment

Submit

All Comments

Articles You'll Like