Chemical Decarbonisation Investor Coalition

Climate impacts are being felt across the world today. As we experience record temperatures, wildfires, and wide-scale flooding, we are deeply concerned that chemical companies are not moving fast enough to help keep global warming to 1.5C.

The chemicals sector is responsible for 6.3 per cent of global greenhouse gas (GHG) emissions - yet credible science-based transition plans in the sector remain scarce. We have a rapidly closing window of opportunity to minimise the climate-related threats to human well-being and planetary health, and to secure a liveable and sustainable future for all. The investment decisions companies make now will determine their path to 2050; inaction, delay, and prolonging dependence on fossil fuels is not a viable path for business or the planet. Responsible investors have a critical role to play in stewarding chemical companies to adopt a credible strategy to align with 1.5C and realise the commercial advantages offered by rapidly scaling new processes, feedstocks and circular products.