Home Infineum Releases Second Sustainability Report
Infineum’s carbon emissions target is on track, says its second sustainability report. The United Kingdom-based company wants to cut operational carbon emissions per metric ton of product by 20% by 2025.
So far, Infineum has lowered its Scope 1 direct emissions in 2021 to 67,500 tons of carbon dioxide equivalent from 80,400 in 2018. Scope 2 and 3 emissions followed the same trend, barring a few bumps along the way.
Infineum – a ExxonMobil-Shell joint venture – is one of the “big four” lubricant additive companies, along with Afton, Chevron Oronite and Lubrizol. Each has said it will reduce carbon emissions. But the amount and timeframe are a little more difficult to figure out.
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Lubrizol set the same 20% goal as Infineum, but it made the target year 2030. Oronite’s sustainability goals are part of parent company Chevron, which is to cut upstream Scope 1 emissions by 35% by 2028. Lastly, Afton doesn’t seem to have set a target at all.
Infineum’s second sustainability report set out other actions. These include making the sustainability director part of the executive leadership team. Maurizio Abbondanza is the current sustainability director. The company also set up a sustainability governance committee.
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