Elkem is a leading global supplier of advanced materials, headquartered in Oslo, Norway. The company has a long history of innovation and is committed to sustainability and decarbonisation. Elkem operates in the Advanced Materials sector, producing a wide range of products including silicones, silicon, ferrosilicon, foundry alloys, carbon materials, and microsilica. The company has operations in over 50 countries and employs more than 6,000 people.
Decarbonisation is a key focus for Elkem. The company is committed to reducing its carbon footprint and has set ambitious targets to achieve this. Elkem aims to reduce its greenhouse gas emissions by 40% by 2030 and to become carbon neutral by 2050. The company is investing in renewable energy and energy efficiency measures to achieve these goals.
One of the ways Elkem is reducing its carbon footprint is through the use of renewable energy. The company has signed several corporate power purchase agreements (PPAs) to source renewable energy for its operations. PPAs are long-term contracts between a renewable energy provider and a corporate buyer, which guarantee a fixed price for the energy produced. Elkem has signed PPAs for wind and hydroelectric power in Norway and Sweden, which will help the company to reduce its carbon footprint and achieve its sustainability goals.
Elkem is also investing in corporate energy projects to reduce its carbon footprint. The company has installed solar panels at several of its facilities, including its headquarters in Oslo. The solar panels generate renewable energy and reduce the company's reliance on fossil fuels. Elkem is also investing in energy efficiency measures, such as upgrading its lighting and heating systems, to reduce its energy consumption and carbon emissions.
In addition to its focus on decarbonisation, Elkem is committed to sustainability in all aspects of its operations. The company has a comprehensive sustainability strategy that covers areas such as environmental management, social responsibility, and ethical business practices. Elkem is committed to reducing its environmental impact, promoting diversity and inclusion, and ensuring ethical practices throughout its supply chain.
Elkem's commitment to sustainability and decarbonisation has been recognised by several external organisations. The company has been included in the Dow Jones Sustainability Index for several years, which recognises companies that demonstrate leadership in sustainability. Elkem has also been awarded the highest rating by the Carbon Disclosure Project (CDP) for its climate change and water management initiatives.
In conclusion, Elkem is a leading global supplier of advanced materials that is committed to sustainability and decarbonisation. The company is investing in renewable energy, energy efficiency measures, and corporate PPAs to reduce its carbon footprint and achieve its sustainability goals. Elkem's comprehensive sustainability strategy covers environmental management, social responsibility, and ethical business practices. The company's commitment to sustainability has been recognised by external organisations, including inclusion in the Dow Jones Sustainability Index and the highest rating from the Carbon Disclosure Project.