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Reducing emissions towards net zero while growing supplies to the green transition

Elkem, a global leader in silicon-based advanced materials, has announced a new climate roadmap detailing how the company plans to develop its business in line with the aim of the Paris agreement of limiting global warming to well below two degrees. The company aims to reduce its total fossil CO2 emissions by 28 per cent from 2020-31 while growing its supplies to the green transition – thereby delivering a 39 per cent improvement of its product carbon footprint in the same period. Elkem’s long-term goal is net zero emissions by 2050.

The company has a strong position to contribute on climate change, having been founded in 1904 to create value from renewable electricity. It already uses 83 per cent renewable electricity in its operations. Elkem’s supplies of advanced silicones, silicon products and carbon solutions are essential to the green transition, with silicon metal on the EU’s 2020 list of critical raw materials. Elkem is also externally recognised for climate actions: ranking among the world’s top five per cent of companies rated by CDP in 2020.

The new climate roadmap details Elkem’s commitment to limiting the long-term global temperature increase to well below 2°C – in line with the Paris agreement – while also growing faster than the market and achieving revenue growth of five to ten per cent per year.

More details on Elkem’s plans will be published in the next issue of Foundry Trade Journal.