Albemarle Corporation announced the release of its annual global sustainability report

Charlotte, NC – Albemarle Corporation announced the release of its annual global Sustainability Report.

  “Albemarle plays an important role in combating climate change, enabling the energy transition and supporting safe and sustainable advancement of electrification and digitalization,” said Albemarle CEO Kent Masters. “Sustainability is core to our long-term strategy. Our Sustainability Report highlights progress, commitments, and successes we realized in 2021 on a global scale as we continue to add value for all our stakeholders through our sustainability efforts.”

Last year, Albemarle began executing its climate strategy and the company is on track to meet or exceed initial sustainability targets for GHG emissions and freshwater intensity. This year’s report includes 2021 actions such as the procurement of renewable energy in the U.S. and the Netherlands and construction completion of a $100 million thermal evaporator in Chile. Albemarle also engaged PricewaterhouseCoopers LLP to provide independent assurance of scope 1 and 2 GHG data. 

In this year’s report, Albemarle announced its initial assessment of scope 3 GHG emissions, including areas such as purchased goods and services, processing of sold products, use of sold products, and end-of-life treatment of sold products. The company will continue to refine its assessment in the coming years and will use the initial assessment to work with customers and suppliers to reduce emissions across the supply chain.

The report also provides detail on Albemarle’s first LCAs, completed in 2021, related to rock-based lithium hydroxide and brine-based lithium carbonate. Both studies were performed in accordance with ISO 14040/14044 standards. In addition, Albemarle plans to incorporate LCA requests into its sustainable procurement process to better understand the environmental impact of its suppliers. 

In 2021, the company released its DE&I strategic plan for measurable actions to integrate DE&I in decision making, enhance organizational effectiveness, and meet future challenges and needs.  Albemarle has set a 2022 goal of increasing global gender diversity by a further 1% year over year with a particular focus on its manufacturing workforce, and a goal to increase U.S. racial diversity in senior-level management roles by 1% year over year. The company plans to increase diversity steadily and consistently with the long-term goal of meeting or exceeding global manufacturing benchmarks.

For more information, please see Albemarle’s 2021 Sustainability Report.

Albemarle will host a webcast on Tuesday, June 28, at 9 a.m. EDT with CEO Kent Masters, CFO Scott Tozier, VP of Government and Community Affairs Ellen Lenny-Pessagno, VP of Investor Relations and Sustainability Meredith Bandy and VP of Culture Timitra Hildebrand-Jones, who will present an update on Albemarle’s sustainability initiatives.

Registration for the webcast can be accessed here. Once registered, users will receive a link via email to directly access the webcast. A webcast replay will be posted to the company’s website following the conclusion of the event.