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 63 is higher than 99% 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, comprising 728,000,000 kg CO2e from Scope 1 and about 273,000,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming for a 49% reduction in greenhouse gas emissions by 2030 for its operations in Amsterdam, in line with EU regulations. This target applies to both Scope 1 and Scope 2 emissions. Additionally, Albemarle is committed to achieving net-zero operations by 2050, supporting the goals of the Paris Agreement. The company has also established a target to reduce the carbon intensity of its Specialties segment by 35% by 2030, using 2019 as the baseline year. This reduction initiative encompasses both Scope 1 and Scope 2 emissions. In terms of water usage, Albemarle aims to decrease the intensity of freshwater usage by 25% by 2030 in regions identified as high and extremely high-water risk, such as Chile and Jordan. Overall, Albemarle's climate strategy reflects a comprehensive approach to reducing emissions across all scopes while addressing water sustainability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 575,000,000 | 000,000,000 | 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 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 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 participating in some of the initiatives that 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.
