Novamont Sustainability Profile
Novamont S.p.A., headquartered in Italy, is a pioneering leader in the bioplastics and biochemicals industry. Founded in 1989, the company has established itself as a key player in the development of innovative, sustainable materials that contribute to a circular economy. With a strong operational presence across Europe and beyond, Novamont focuses on producing biodegradable and compostable products, primarily derived from renewable resources. The company’s flagship offerings include Mater-Bi, a family of bioplastics that stand out for their versatility and environmental benefits. Novamont's commitment to sustainability has garnered recognition, positioning it as a frontrunner in the green materials sector. With numerous awards and certifications, Novamont continues to drive advancements in eco-friendly solutions, making significant strides towards reducing plastic pollution and promoting sustainable practices globally.
DitchCarbon Score
How does Novamont'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
Novamont's score of 45 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Novamont's reported carbon emissions
In 2023, Novamont reported total carbon emissions of approximately 144.2 million kg CO2e. This figure includes Scope 1 emissions of about 59.6 million kg CO2e, Scope 2 emissions of approximately 13.6 million kg CO2e, and Scope 3 emissions of around 70.9 million kg CO2e. Novamont has set ambitious reduction targets, aiming to decrease its Scope 1 emissions by 30% from 2021 levels by 2030 and Scope 2 emissions by 25% from 2021 levels by the same year. Additionally, the company is committed to achieving carbon neutrality across all scopes by 2050, aligning with broader European Union goals for climate neutrality. The emissions data is cascaded from Novamont S.p.A., reflecting the company's commitment to transparency and accountability in its climate initiatives. The management of greenhouse gas emissions is a priority, with strategies in place to ensure significant reductions across all emission scopes.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 41,615,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 3,111,000 | 000,000 | 000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
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Novamont's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Novamont has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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