Albemarle
Albemarle Corporation, commonly referred to as Albemarle, is a leading global specialty chemicals company headquartered in the United States. Founded in 1994, Albemarle has established a strong presence in key operational regions, including North America, Europe, and Asia. The company primarily operates within the lithium, bromine, and catalyst industries, focusing on innovative solutions that cater to diverse markets. Albemarle is renowned for its high-quality lithium products, which are essential for electric vehicle batteries and renewable energy storage. The company’s commitment to sustainability and advanced technology has positioned it as a market leader, with notable achievements in expanding lithium production capacity. With a robust portfolio and a dedication to innovation, Albemarle continues to shape the future of the specialty chemicals sector.
DitchCarbon Score
How does Albemarle's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Albemarle's score of 43 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Albemarle's reported carbon emissions
In 2023, Albemarle Corporation reported total carbon emissions of approximately 3,236,000,000 kg CO2e, with Scope 1 emissions at about 728,000,000 kg CO2e and Scope 2 emissions totalling around 273,000,000 kg CO2e (market-based). The company also disclosed Scope 3 emissions, which amounted to approximately 2,235,000,000 kg CO2e. Albemarle has set ambitious climate commitments, aiming to reduce the carbon intensity of its Scope 1 and Scope 2 emissions by 35% by 2030, using 2019 as the baseline year. This target aligns with science-based targets, reflecting the company's commitment to sustainability and climate action. In previous years, Albemarle's emissions have shown significant figures, with total emissions of about 2,574,000,000 kg CO2e in 2021 and 2,904,000,000 kg CO2e in 2022. The company has consistently reported on its emissions across all three scopes, demonstrating transparency in its environmental impact. Overall, Albemarle's ongoing efforts to reduce carbon emissions and its clear targets for the future position it as a proactive player in addressing climate change within the chemical industry.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 575,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 386,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Albemarle is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
