A CSR strategy driven by the ambition to be among the best
Centred around 5 commitments, the Arkema group’s CSR strategy seeks to make it one of the most efficient of the chemical industry. Integrated to its strategy and its activities, the approach creates value for both society at large and the firm itself.
The Arkema group is convinced that its approach to Corporate Social Responsibility creates value for:
- Society at large: it develops innovative solutions for a sustainable world. It watches environment’s respect and searches constantly risks reduction due to its activities and consumption of non-renewable resources decrease.
- The Arkema group itself: eco-friendly products’ markets expending ensure a sustainable growth of incomes. It learns from the dialogue with its stakeholders.
Corporate values fundamental to CSR
The Group’s CSR policy is based on ethics and on the following core values shared by all within the firm:
Arkema's five CSR commitments
- Be a top quartile performer in safety in the chemical industry, whether industrial safety or product stewardship.
- Reduce the environmental footprint of its activities, by reducing its air emissions (including discharges of greenhouse gases), its water emissions, by optimizing the consumption of natural resources, and by increasing the use of renewable raw materials.
- Place sustainable development solutions at the heart of its innovation policy and its product offering to provide new solutions capable of meeting the challenges of our world.
- Promote the individual and collective development of the Group's men and women.
- Encourage openness and dialogue with all its stakeholders (neighboring residents, associations, suppliers, customers, etc.) by always listening to their needs and concerns, and by explaining the Group’s activities through concrete initiatives.
To establish that its CSR and sustainability processes are on track, Arkema surveyed its stakeholders in 2016 through a materiality analysis. It confirmed the Group's priorities match the expectations of the internal and external stakeholders surveyed.
CSR key performance indicators
|Total recordable injury rate (TRIR)||< 1.2||1.5||1.5||1.9|
Percentage of sites having implemented peer observation
in the last three years
|Percentage of AIMS audited sites||100%||63%||61%||78%|
|Environment (EFPI(2) compared with 2012)
|Greenhouse gas emissions||0.50||0.60||0.62||0.70|
|Volatile organic compound emissions||0.67||0.80||0.83||0.79|
|Chemical oxygen demand||0.80||0.78||0.93||1.03|
|Net energy purchases||0.85||0.92||0.98||0.99|
|Percentage of women in senior management and executive positions||23 à 25%||18%||17%||17%|
Percentage of non-French nationals in senior management and executive positions
|42 à 45%||39%||n.a||n.a|
(1) Excluding Bostik.
(2) To track our environmental performance accurately, we have set targets based on Environmental Footprint Performance Indicators (EFPIs) that consider changes in Arkema's reporting base and the production of our plants.
Two benchmark keystones of the CSR strategy
Engaged since its creation in the Responsible Care® program, the Arkema group showed its vision of a responsible corporation by the signature of the Responsible Care® Global Charter in 2006 and has renewed it in December 2014.
Arkema has endorsed the ten principles of the United Nations Global Compact, which concern such issues as respect for human rights, international labor standards, environmental protection and the fight against corruption.
CSR governance within the Arkema group
A Sustainable Development Division reports directly to the Group Industry Vice President, member of the Executive Committee (‘ExCo’).
A CSR steering committee, chaired by the Industry Vice President and which includes the Human Resources and Communication Vice President as well as various functional directors, proposes CSR action plans and oversees globally actions conducted as part of CSR policy.
The Arkema group CSR ambition and 2025 safety and environment performance objectives were defined by the ExCo on a basis of CSR steering committee works.
Audit and Accounts Committee ensure the conformity of the Arkema group’s CSR approach to extra-financial regulatory requirements.
All indicators featured in the Arkema’s reference document are subject to moderate assurance provided by and independent third party body.