In this Insights, the authors reviewed environmental, social, and governance (ESG) commitments from 20 of the largest global chemical companies with a particular focus on environmental aspects. They also examined the companies’ strategies and initiatives to explore how the companies are addressing key ESG issues such as strategy, targets, timelines, and if the companies have embedded sustainability into their strategies and investment plans, among others.
In general, the chemical companies exhibited a broad range of targets regarding the extent of emissions reduction and timing. They also differ in terms of how well defined the specific strategies are to achieve the goals. For example, some of the companies with more ambitious targets appear to have well-defined strategies to achieve momentum within the next five years while starting to pursue the structural changes in their portfolio or operations necessary to meet the more ambitious longer-term sustainability goals. To learn more about our analysis, please download the Insights.