“We feel that through our emphasis on emerging markets and technologies, we are making our own small contribution to enhancing the capabilities of future generations, which is why we believe that Croda is at the very forefront of sustainable policies,” says Steve Foots, Croda’s Group chief executive.
In the report, the environmental and social consumption for last year was highlighted as being reduced by 4.9 per cent while total Group energy consumption was reduced by 9.2 per cent in total Group water usage.
Moreover, the report reveals a 42.9 per cent reduction in total landfill waste, 78,500 training hours (covering 86 per cent of the global workforce) and a 32 per cent increase in '1 per cent Club' time (Croda’s community volunteering programme).
“It is no longer enough to strive to be successful in traditional financial terms, businesses have to realise that their responsibilities are broader,” adds Foots.
The company also increased its use of non-fossil fuels to 14.5 per cent with a target of 25 per cent by 2015 and now obtains approximately 70 per cent of its raw materials from natural sources.
Since 2006, Croda has reduced waste to landfills by 22 percent and reduced VOC (volatile organic compounds) emissions by over 25 per cent per ton of product manufactured.
In July of last year, Cosmetics Design touched base with Croda’s North American Headquarters, where the company had installed solar panels in its New Jersey facility to supply half of the electricity needs for the center, essentially halving its carbon footprint.
Then Kevin Gallagher, president Croda North America said “Croda has a number of other projects that will help us meet our 2015 “non-fossil energy source” goal in the feasibility stage around the world. This includes additional projects here in North America and we’re expecting to be able to announce another major new project in 2012.