Geneva, Switzerland - Five of the world's largest chemical companies have agreed on a set of ambitious actions in a bid to reduce emissions by an additional 1.4 gigatonnes per year by 2030.
Akzo Nobel, DSM, Evonik Industries, Mitsubishi Chemical Holdings and Solvay have joined forces to help deliver the target.
The programme is part of the World Business Council for Sustainable Development’s (WBCSD) Low Carbon Technology Partnerships initiative.
More than 140 businesses and 50 partners have agreed to accelerate the development and deployment of low carbon technologies.
WBCSD president Peter Bakker, said: “As an industry of industries, the chemical sector plays an important role in spurring low carbon growth. These five global leaders are a vanguard of the chemical industry.
“Meeting the ambitions they have set across their sector and its value chains can contribute significantly to global emissions reductions in other sectors. I call on other forward-looking companies to join this initiative and collaborate to bring those actions to life.”