Algol Chemicals
Algol Chemicals, officially known as Algol Chemicals Oy, is a prominent player in the chemical distribution industry, headquartered in Finland. Established in 1890, the company has evolved significantly, expanding its operations across the Nordic and Baltic regions, as well as Central and Eastern Europe. Specialising in the distribution of specialty chemicals, Algol Chemicals offers a diverse range of products, including solvents, polymers, and additives. Their commitment to quality and sustainability sets them apart in the market, ensuring they meet the unique needs of various industries such as coatings, plastics, and pharmaceuticals. With a strong market position, Algol Chemicals has achieved notable milestones, including strategic partnerships and a robust supply chain network. Their focus on innovation and customer service continues to drive their success in the competitive chemical sector.
DitchCarbon Score
How does Algol Chemicals'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 Chemicals 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
Algol Chemicals's score of 10 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Algol Chemicals's reported carbon emissions
In 2023, Algol Chemicals reported total carbon emissions of approximately 27,000 kg CO2e. This figure includes 17,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 10,000 kg CO2e from Scope 3 emissions, primarily related to purchased goods and services, accounting for about 7,000 kg CO2e. Currently, Algol Chemicals has not established specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction strategies indicates a potential area for future commitment to climate action. As the company continues to assess its environmental impact, it may consider setting measurable targets to enhance its sustainability efforts and align with industry standards for carbon reduction.
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Add to project| 2023 | |
|---|---|
| Scope 1 | 17,000 |
| Scope 2 | - |
| Scope 3 | 10,000 |
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.
Algol Chemicals is not committed to any 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.
