Albemarle publishes enhanced annual sustainability report

This sustainability report marks a renewal of Albemarle's sustainability journey forward

Kent Masters, chairman, president and chief executive officer, Albemarle.
Kent Masters, chairman, president and chief executive officer, Albemarle.

Albemarle Corporation announced the release of its annual global sustainability report. Featuring Albemarle's renewed approach to sustainability efforts, this report shares the company's results against 2019 sustainability activities around the globe and demonstrates Albemarle's core values in action.

"In 2019, we took great care to identify a different approach to how we look at sustainability and how it fits into our overall business strategy," said Kent Masters, Albemarle CEO. "We conducted a materiality assessment with key stakeholders to gather insights into topics that matter most for the execution of our strategy and creation of long-term value for our partners. The findings are reflected in our new sustainability framework. As we look ahead, we shift our focus from setting our baseline sustainability performance to continuous improvement to continue creating sustainable value for our communities, customers and stakeholders around the world."

Albemarle's sustainability framework includes four quadrants of focus: people and workplace, natural resources, community engagement, and the company's sustainable business model. In addition to the framework, the key topics from the company's materiality assessment include: safety, inclusive and diverse workplace, investment in talent, energy management, greenhouse gas emissions, water management, minerals management, community/stakeholder engagement, innovation, business ethics, and regulatory compliance/product stewardship.

This sustainability report marks a renewal of Albemarle's sustainability journey forward. The 2019 report references the latest version of the Global Reporting Initiative (GRI) standards, which ensures relevant and transparent disclosures, and Sustainability Accounting Standards Board (SASB) standards that help disclose material, decision-useful information to investors.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

Sipchem product prices pressured by soft demand, expects positive figures in Q3 2020, says CEO
The petrochemicals industry saw improved demand and slightly better prices by end of June 2020
ADNOC L&S and Wanhua Chemical Group form strategic shipping joint venture
AW Shipping Limited will own and operate a fleet of very large gas carriers and modern product tankers
In a crisis, downstream oil gets creative
Dan Carter, Global Technical Leader Oil & Gas Consulting, Wood, comments on the downstream sector in the current crisis
GCC chemical producers slash emissions and waste by third despite increased production: GPCA report
Chemical producers in the Arabian Gulf have cut waste generation by 29% in 2019 and emissions by over 35% in the last six-year period

MOST POPULAR