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 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 at approximately 273,000,000 kg CO2e. The company has set ambitious targets to reduce the carbon intensity of its operations, aiming for a 35% reduction in Scope 1 and 2 emissions by 2030, using 2019 as the baseline year. This commitment aligns with science-based targets, reflecting Albemarle's dedication to addressing climate change and minimising its environmental impact. In previous years, emissions have fluctuated, with total emissions recorded at about 2,574,000,000 kg CO2e in 2021 and 2,904,000,000 kg CO2e in 2022. The company has disclosed emissions across all three scopes, with Scope 3 emissions reaching approximately 2,235,000,000 kg CO2e in 2023, indicating significant indirect emissions associated with its value chain. Albemarle's ongoing efforts to enhance sustainability and reduce carbon emissions demonstrate its commitment to environmental stewardship within the chemical industry.
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Add to project| 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.
