Hempel is recognised as a Supplier Engagement Leader by CDP

by Hempel 12 May 2023 01:10 PDT

Hempel's efforts in supply chain engagement on climate issues gain external recognition with an A score in CDP's 2022 Supplier Engagement Rating (SER).

Key messages

• Hempel receives A score in CDP's 2022 Supplier Engagement Rating (SER)
• CDP conducts an annual environmental disclosure and scoring process
• Hempel reported data through CDP's 2022 Climate Change questionnaire for the first time
• Hempel is recognised for extensive supplier screening, setting ambitious targets, reporting verified data and environmental governance.

Hempel is recognised for accelerating climate action in its supply chain through efforts including its Sustainable Procurement Programme, validated science-based target on Scope 3, and sustainability governance and reporting. The top rating fully supports the company's overall sustainability framework, Futureproof.

"At Hempel, we're very pleased that the tremendous efforts of our colleagues and partners are being validated externally. The result is a reassurance that we are on the right track to establish best practices within our industry on one of the world's most pressing issues, mitigating climate change," says Martin Wiese, Vice President of Sustainability at Hempel A/S. "Reducing scope 3 emissions is a central part of our sustainability ambitions. The majority of Hempel's carbon footprint comes from our raw materials, so working closely together with our suppliers on minimising emissions is absolutely crucial."

The ranking is based on a subset of themes from CDP's overall Climate Change questionnaire - in which Hempel received a B score - and focuses on supply chain emission management.

"Sustainability is our common journey and we need to work together to succeed. Through the Sustainable Procurement programme, we engage, develop and reward suppliers," says Mikael Kremmer, Vice President of Procurement at Hempel A/S. "Sustainability is growing in importance for all of our suppliers. There is still a lot to be done, but the road ahead is clear."

Hempel's validated Science-Based Targets commit to the ambitious target of reducing its Scope 3 emissions from across its entire value chain by 50% by 2030. Hempel has further committed to reducing carbon emissions from its own operations by 90% by 2026, consistent with reductions required to keep global warming to 1.5 degreesC, what the latest climate science has told us is needed to prevent the most damaging effects of climate change.