Westlake Corporation today announced its target to reduce Scope 1 and Scope 2 CO2 equivalent emissions per ton of production by 20% by 2030 from a 2016 baseline.

To further reduce its carbon footprint, Westlake’s strategy is to optimally allocate capital to both proven and emerging technologies, including additional product and operational innovations. This strategy includes energy-efficiency projects, increasing power from less carbon-intensive electricity providers, adding more hydrogen as a fuel gas, and other continuous operational improvements.

“Westlake has been lowering carbon intensity every year through our continuous improvement efforts and capital investments,” said Westlake President and Chief Executive Officer Albert Chao. “As a manufacturer of essential products that enhance people’s lives every day, we are committed to innovating more sustainable products and producing them in a more sustainable fashion.”

“Our continued focus on sustainability is integral to our current and future success,” said Larry Schubert, Vice President of Corporate Development and Sustainability for Westlake Corporation. “We have achieved many milestones and are advancing on our path to mitigate our environmental impact and enable lower-carbon solutions to meet today’s climate challenges."

In 2022, Westlake plans to continue reporting sustainability metrics informed by the Sustainability Accounting Standards Board (SASB) voluntary disclosure framework, the Task Force on Climate-Related Financial Disclosures (TCFD) guidance, and the Global Reporting Initiative (GRI) framework.

According to the U.S. Environmental Protection Agency, “Scope 1 emissions are direct greenhouse (GHG) emissions that occur from sources that are controlled or owned by an organization (e.g., emissions associated with fuel combustion in boilers, furnaces, vehicles). Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.”