DSM accelerates the pace of scientific emission reduction, plans to halve greenhouse gas emissions by 2030

Recently, Royal DSM, a global science company focused on nutrition, health and green living, announced that the company plans to reduce greenhouse gas emissions from operations to 50% of 2016 emissions by the end of 2030, and 30% of greenhouse gas emissions.
On the basis of the original target, we will further accelerate the realization of carbon emission reduction
.
This new target is based on DSM's strong development in carbon emissions over the past few years
.
DSM will continue to achieve its ambition to be a climate leader, and the new target will also lay a solid foundation for DSM to achieve net zero emissions by the end of 2050
.

DSM's new emissions reduction targets have been reviewed and approved by the Science Based Target initiative (SBTi)
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SBTi is a partnership between the United Nations Global Compact, the World Resources Institute (WRI), the Carbon Disclosure Project (CDP) and the World Wildlife Fund (WWF) to advance ambitious corporate climate action plans
.

DSM was one of the first companies to plan corporate activities based on the latest scientific intelligence in the 2019 Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.
5°C, and quickly Develop a course of action to target net-zero greenhouse gas emissions across company operations and its value chain by the end of 2050
.
DSM's science-based carbon targets are fundamental to achieving this, and ambitious targets in renewable electricity and energy efficiency, as well as close collaboration with key suppliers through the CO2REDUCE programme, will also provide sufficient support
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DSM proposes to accelerate the goal of achieving net-zero emissions by the end of 2050, and its confidence comes from the recent significant progress in energy saving and emission reduction:

1.
In the first half of 2021, DSM has made significant progress in structural greenhouse gas reduction.
Its greenhouse gas emissions have been reduced by about 19% compared with 2016, which has exceeded the predetermined scientific reduction target of 30%
.

2.
DSM has increased its internal carbon price from EUR 50 to EUR 100 per ton of CO2, further facilitating the transition to carbon neutral operations in its investment and operational decisions
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This decision also reflects DSM's advocacy for a broader and deeper carbon pricing policy and its continued commitment to reducing carbon emissions
.

3.
According to the additional power purchase agreement signed by DSM in July, from the end of this year, all of the company's North American electricity needs will be 100% from renewable energy
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Through a power purchase agreement, DSM will finance a new solar power plant in Texas that is expected to generate approximately 920,000 megawatt-hours of electricity per year for the U.
S.
grid
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Through this agreement, DSM will exceed its target of reaching 75% of the total electricity purchased by renewable energy by the end of 2030, and increase this ratio to 100% as soon as possible
.

4.
China is one of DSM's most important markets in the world, and DSM China's efforts in promoting energy conservation and carbon reduction have also injected strong confidence into DSM's higher emission reduction targets
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The DSM China Aidi polymer material plant in Laiwu, Shandong has reached a green power purchase agreement with Shandong Huaneng Company to promote 100% green power supply for production and operations; Produce 25% traceable bio-based engineering material Stanyl® Eco, which has achieved 100% green electricity production
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Geraldine Matchett and Dimitri de Vreeze, co-CEOs of Royal DSM, said: "As a mission-driven company, our aim is to drive sustainable growth
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We are therefore honoured to be here Significant progress has been made on an ambitious, science-based carbon target to accelerate the achievement of net-zero emissions by 2050 and continue to lead the industry towards a net-zero emissions future
.
We must hurry and the private sector can aggressively meet the Paris Agreement goals play a key role
.
”

Zhou Tao, President of DSM China, said, "DSM operates more than 20 factories in China and is also one of the largest regional markets for DSM's electricity consumption
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As a responsible corporate citizen, DSM China has carried out a series of related The project has achieved surprising results
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In 2020, DSM’s energy efficiency in China increased by 6.
7%, greatly reducing greenhouse gas emissions in operations, and helping China achieve the goal of 'carbon peaking and carbon neutrality' , to promote the accelerated realization of DSM’s sustainable development goals, and made a tangible contribution
.
”

DSM is a CDP climate leader with an A rating for its climate change disclosures, and EcoVadis' platinum rating for sustainability also places the company in the top 1% in the industry
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In addition, DSM has been awarded the title of Sustainalytics Leader, AAA by MSCI and Prime by ISS-Oekom, and ranked in the ESG (Environmental, Social and Governance) list of Vigeo Eirisg, a subsidiary of Moody's.
Single front row
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DSM provides its sustainability information annually in the company's consolidated annual report, which is audited with reasonable assurance (the highest level)
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The latest published report is the 2020 report
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In June 2021, the "2020 DSM Greater China Sustainability Report" was released, which comprehensively reviewed and looked forward to DSM's efforts to lead the industry to achieve sustainable transformation around the three dimensions of "people, planet and profit"
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