Corbion ranks in top 8 % of companies assessed by CDP for engagement with suppliers to combat climate change. The global ingredients supplier has been recognised for its leadership in corporate sustainability by global environmental non-profit CDP. After assessing data reported by Corbion through CDP’s 2022 climate change, water and forest questionnaires, CDP commended the company’s continuing actions to cut emissions, mitigate climate and water risks, and strengthen its forest-related policies. Receiving an A score (the highest grade possible) earned Corbion a spot in the top 8% of companies on the 2022 CDP Supplier Engagement Leaderboard for its work with suppliers to mitigate climate change. Within its sector, Corbion also ranked among the 21 percent of companies at the Leadership level (A- score) on climate change that are implementing current best practices.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, more than 680 investors with over US$130 trillion in assets and 280+ major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record number of companies – more than 18,700 – responded to this year’s questionnaire. Disclosure through CDP provides a basis for measuring progress toward a climate-safe, deforestation-free, water-secure future and a truly sustainable economy.
Olivier Rigaud, CEO of Corbion, said: "We are very pleased CDP’s assessment indicates that Corbion is continuing to provide leadership toward a more sustainable future, and we're proud to be recognized for engaging with our suppliers to tackle climate change. Preserving what matters – to our customers, to our investors and to the world – gives us focus and direction as a company, and inspires us to maintain a high level of performance. We are proud of the progress we’re making along our sustainability journey, and look forward to what we can accomplish in the coming year; that’s the mindset we must hold onto over the long term because that’s what this journey requires.”
“COP 15 couldn’t have been clearer in the call to action on corporate reporting on nature," said Sonya Bhonsle, Global Head of Value Chains, CDP. "If a company is not preparing for future regulations on nature in the supply chain, they are open to a wide range of risks and could also be missing out on the opportunities that safeguarding nature will bring."
Corbion has committed to achieving net-zero value chain emissions by 2050, and has recently received external validation of more ambitious science-based targets aiming to limit global temperature rise to 1.5˚C, which the company established earlier this year toward that goal.
The full list of publicly available company scores is available here: https://www.cdp.net/en/companies/companies-scores. Companies listed on the CDP Supplier Engagement Leaderboard can be found here: https://bit.ly/SERLeadership22.
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