Frankfurt, February 20, 2024 - allnex, a leading global producer of specialty polymers and a member of the GC Group, has announced its commitment to reducing Scope 3.1 greenhouse gas emissions by 30% by 2030, as part of its broader strategy to achieve Net Zero by 2050.

allnex has been diligently working to lower Scope 1 and 2 greenhouse gas emissions, and now it is setting a significant goal for Scope 3 emissions. This new target represents a crucial step in building a sustainable future for coming generations and aligns with the company's sustainability and innovation initiatives.

"allnex is committed to sustainability and not only sets targets but also drives operations through a clear and comprehensive strategy across the entire value chain," said Mr. Miguel Mantas, CEO of allnex. "Our commitment to reducing greenhouse gas emissions is not just about achieving Net Zero but also creating a significant impact and setting a high standard for the industry. We see opportunities for innovation and collaboration with partners across all sectors. Thus, our commitment extends beyond promises to actionable strategies, ensuring that every decision drives the company towards a future that exceeds the established Net Zero standards."

To achieve this goal, allnex has outlined four strategic measures:

• Value Chain Collaboration - Engage proactively with suppliers and customers to enhance operational efficiency and reduce environmental impact.
• Recycled and Bio-Based Materials - Increase the use of recycled and bio-based materials in production processes to reduce greenhouse gas emissions and support circular economy principles.
• Mass-Balanced Alternatives - Offer sustainable alternatives that maintain product quality while emphasizing balance and third-party certification to provide environmentally conscious solutions to customers.
• Innovation - Focus on driving innovation through sustainability principles, aiming to develop and deliver superior solutions to meet both current and future customer needs.

Mr. Benoit De Becker, Executive Vice President of Innovation and Sustainability at allnex, added, "By focusing on reducing Scope 3.1 emissions, allnex collaborates with our customers and suppliers to create positive societal impact. This commitment enables our customers and product users to benefit from significantly lower carbon footprints, supporting their own sustainability goals."

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allnex Announces Scope 3.1 Emission Reduction Target