Clariant sets scientific carbon emission reduction targets to accelerate sustainable development transformation

● New climate target confirmed by Science-based Carbon Reduction Initiative (SBTi)

● Reflects the company's ambition to lead the market through sustainability and innovation

●Make Clariant among the leaders in the global chemical industry

Shanghai, China/Moutenz, Switzerland, March 1, 2021 - Clariant, a dedicated, sustainable and innovative specialty chemical company, announced that it will further upgrade its strategy to help achieve sustainable future growth

The company has set ambitious absolute emission reduction targets in the fields of operations and supply chain, which have been officially confirmed by SBTi

Bernd Hoegemann, Clariant’s Chief Transformation Officer, said: “Sustainability is one of Clariant’s five strategic pillars and has guided our transformation into a leading specialty chemical company

Climate change urges us to act and presents a huge opportunity for the chemical industry to develop innovative and sustainable solutions

“We congratulate Clariant for setting emissions reduction targets that are in line with climate science and the Paris Agreement,” said Cynthia Cummis, Head of Private Sector Climate Change Mitigation at the World Resources Institute, partner with the Science-Based Carbon Reduction Initiative (SBTi).

In addition to scientific targets, Clariant has set other environmental targets in the areas of water intake, wastewater volume, hazardous waste, non-hazardous waste to landfill and nitrogen oxide emissions (NOx)

Clariant is pursuing an integrated approach to reducing emissions across the value chain

The commitment to science-based goals marks the next milestone in Clariant's sustainability transformation journey and reflects Clariant's emphasis on environmental, social and governance (ESG) performance