Albemarle Sustainability Profile
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 53 is higher than 75% 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 2024, Albemarle Corporation reported total carbon emissions of approximately 3,353,000,000 kg CO2e. This includes Scope 1 emissions of about 753,000,000 kg CO2e, Scope 2 emissions of approximately 241,000,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 2,359,000,000 kg CO2e. The combined Scope 1 and 2 emissions amounted to about 994,000,000 kg CO2e. For the previous year, 2023, Albemarle's total emissions were about 3,236,000,000 kg CO2e, with Scope 1 emissions at approximately 728,000,000 kg CO2e and Scope 2 emissions at around 273,000,000 kg CO2e (market-based). Scope 3 emissions for 2023 were reported at about 2,235,000,000 kg CO2e. Albemarle has set ambitious reduction targets, aiming to decrease the carbon intensity of its Scope 1 and 2 emissions by 35% by 2030, using a 2019 baseline. This target aligns with science-based targets and reflects the company's commitment to sustainability. Additionally, Albemarle plans to reduce sulphur oxides (SOx) emissions by 90% by 2027 compared to 2022 levels. The company’s emissions data is sourced directly from Albemarle Corporation, with no cascading from a parent or related organization. Albemarle's climate commitments demonstrate a proactive approach to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Albemarle's Industry?
How Carbon Intensive is Albemarle's Location?
Albemarle's Scope 3 Categories Breakdown
Albemarle's Scope 3 emissions, which increased by 6% last year and increased by approximately 41% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 70% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 54% of Scope 3 emissions.
Top Scope 3 Categories
Albemarle'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.
Albemarle 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.
