FMC Corporation announces Net Zero Greenhouse Gas emissions by 2035
FMC Corporation (NYSE: FMC) has set an ambitious target to achieve net-zero greenhouse gas emissions by 2035. This commitment is aligned with global temperature goals of limiting temperature rise to 1.5°C above pre-industrial levels. The company plans to implement science-based targets and engage key organizational sectors to enhance efficiency and invest in renewable energy.
FMC will pursue carbon neutrality across emission Scopes 1, 2, and 3 as defined by the GHG Protocol, encompassing direct and indirect emissions. This proactive approach highlights FMC's dedication to sustainability and addressing climate challenges affecting agriculture.
- Targeting net-zero greenhouse gas emissions by 2035.
- Alignment with 1.5°C global temperature goals demonstrates commitment to sustainability.
- Engagement with multiple organizational sectors for efficiency improvements.
- None.
PHILADELPHIA, Aug. 4, 2021 /PRNewswire/ --
FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, announced its goal to achieve net-zero greenhouse gas (GHG) emissions by 2035. The company will use science-based targets aligned with keeping the global temperature at 1.5°C above pre-industrial times.
"FMC's net-zero emissions target is a bold step in our continuing commitment to sustainable innovation and operations," said Karen Totland, FMC vice president and chief sustainability officer. "We are engaging key organizations across our company—including Manufacturing, Supply Chain, Environment, Health and Safety, Procurement and R&D—to improve efficiencies, invest in renewable energy sources and engage with third-party suppliers to reduce their emissions. We are proud to build on FMC's past successes in energy and resource reduction, and look forward to working together with suppliers and other partners to achieve this ambitious goal."
The company has committed to set science-based targets through the Science Based Targets initiative (SBTi), a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). SBTi defines and promotes best practices in emission reduction and net-zero targets, and provides technical assistance and expert resources to companies like FMC that set science-based targets in line with climate science.
FMC will pursue carbon neutral operations through emission Scopes 1, 2 and 3 as defined by the GHG Protocol. Scope 1 includes direct emissions from company-owned and controlled resources, such as production facilities and automobile fleets. Scope 2 focuses on indirect emissions, which are typically from the generation of energy that is purchased from a utility provider. Scope 3 includes indirect upstream and downstream emissions within a company's value chain that are not included in Scope 2. Scope 3 covers broad areas, including business travel, employee commuting, emissions from the production of goods and services purchased by the company, and emissions associated with the distribution and transportation of goods to and from suppliers and customers, to name a few.
"As a leader in the global agricultural industry, we see firsthand the impact climate change has on farmers and the world's food supply," Totland added. "We have an obligation to meet climate challenges head on and to find solutions that benefit all of our stakeholders."
To learn more about sustainability at FMC and to read the company's latest sustainability report, Resilient Ready, visit fmc.com/sustainability.
About FMC
FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically without compromising safety or the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn® and Twitter®.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2020 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
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SOURCE FMC Corporation
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