Arcadium Lithium PLC

Arcadium Lithium PLC's reported carbon emissions

Arcadium Lithium PLC, a company in the Chemicals nec industry headquartered in the US, reported its greenhouse gas emissions for 2023. The company's total emissions for that year amounted to approximately 373.5 million kg CO2e. This total is comprised of Scope 1 emissions of about 104.5 million kg CO2e, Scope 2 emissions (market-based) of approximately 14.1 million kg CO2e, and significant Scope 3 emissions totalling about 259 million kg CO2e. Within Scope 3, purchased goods and services represented the largest portion, at roughly 158.1 million kg CO2e, followed by fuel and energy-related activities at approximately 58.6 million kg CO2e, and upstream transportation and distribution at about 26.2 million kg CO2e. For emissions reduction, Arcadium Lithium PLC, through its predecessor Livent Co., Ltd., has made commitments aligned with the Science Based Targets initiative (SBTi). Specifically, the company commits to reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 58.8% by 2034, using a 2024 base year. These targets have been validated by the SBTi and are consistent with keeping warming to 1.5°C. Additionally, the company has committed to measuring and reducing its Scope 3 emissions. Emissions data for the years 2019 through 2022 were not disclosed in detail. However, the company's 2023 sustainability report indicates GHG intensity figures for prior years, with values such as 2.21 tonnes CO2e per tonne in 2020 and 2.22 tonnes CO2e per tonne in 2021, alongside specific intensity figures for live bovine animals. It is noted that some of Arcadium Lithium PLC's data, including SBTi targets, are cascaded from the ultimate parent organization, Arcadium Lithium plc (cascade level 0). However, their involvement in the Climate Action 100+ initiative is associated with Rio Tinto Group (cascade level 1).