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Why this assessment?

A materiality assessment is both an opportunity for constructive dialogue with the stakeholders (Arkema collects their expectations) and a tool for guiding the CSR strategy (priorities and follow-up indicators are defined based on this consultation).

Building on this materiality assessment, Arkema intends to:

  • Enhance dialogue with its stakeholders and involve them in the Group’s global CSR initiative.
  • Validate the relevance of CSR actions already underway.

Facts & figures

 

  • Stakeholders consulted in 7 countries
  • More than 2,400 external stakeholders consulted
  • More than 6,000 employees consulted
  • More than 2,200 answers were analysed

Results

The materiality assessment confirmed the adequacy of our CSR policy structured around our three commitments, and enabled it to update its CSR priorities and identify issues that offer strategic opportunities for both the Group and its stakeholders.

More specifically, five priority areas were defined, covering issues identified in this assessment and relating to Arkema’s mission:  “Develop, as a responsible manufacturer, innovative solutions adapted to our customers’ main challenges and support them in their quest for sustainable performance”.

Our priority areas

Priority areas

Corresponding
priority issues
Objectives

Sustainable
solutions

Sustainable solutions driven by innovation

Collaborative innovation

Product stewardship

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By 2024, 100 % of our sales portfolio assessed in light of sustainability.
By 2030, 65 % of ImpACT+ sales.

Circular
economy

 

 

Circular economy, including water and waste management
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Collaborative innovation
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By 2022, 10 % reduction in water withdrawals as a percentage of sales, compared with 2019.
By 2023, 50 % of sales volume covered by a life-cycle assessment.

Climate

 

 

Greenhouse gas emissions reduction and energy management
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By 2030, 38 % reduction in the absolute value of greenhouse gas emissions* compared with 2015.
* Scope 1 and Scope 2 as defined in the Kyoto Protocol + substances listed in the Montreal Protocol
By 2030, 19 % reduction compared with 2015 levels in absolute emissions related to fuel and energy (excluding Scopes 1 and 2), waste produced, and upstream and downstream transportation and distribution.
Commitment that raw materials suppliers representing 82 % of GHG emissions related to our purchases set Science-Based Targets (SBTs) on their Scopes 1 and 2 by 2025.

Industrial
risks

 

 

Prevention and management of industrial risks
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By 2025, reduction in the process safety event rate (PSER) to less than 3.0.

Well-being
and health

 

Well-being at work and work-life balance
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Occupational health and safety
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By 2025, reduction in the total recordable injury rate (TRIR) to less than 1.0.

 

With this materiality assessment, we know where to focus our efforts, while making sure Arkema’s overall CSR policy is coherent."

In addition to working on these priority areas and maintaining a continuous improvement approach, we have decided to:

• reinforce employees’ skills in digital technology and corporate social responsibility so as to better integrate these dimensions in all activities; and

• strengthen stakeholder relations locally with the Common Ground® initiative and internationally through formal discussions with a panel of stakeholders.

As such, in 2020 we brought together about ten representatives from each category of external European stakeholders and Arkema executives who represent the Business Lines, procurement and sustainable development. They chiefly discussed two key issues faced by the Group, the circular economy and climate change. Expectations were expressed concerning the need for collaboration across the entire value chain and pursuit of the Group’s social contribution in its regions in three areas: labor, environmental and economic issues. This dialogue will continue in 2021, with similar meetings planned in China and the United States.