Andreas Bohrer
Group General Counsel
Sustainability is one of our five core strategic priorities. It secures our freedom to operate, boosts investor confidence and supports talent attraction and retention. For these reasons, it sits at the heart of our approach to delivering long term value at an economic, environmental and social level.
In 2022, we made good progress on our ESG commitments. We reduced greenhouse gas, energy and waste intensity, progressed our initiative to transition to 100% renewable electricity, and undertook major water stewardship projects. At the same time, we defined sustainable design standards for our growth projects, and engaged with our suppliers to reduce Scope 3 emissions across the value chain.
We understand that our people are key to driving progress on sustainability. Starting in 2022, we increased engagement across the organization. ESG now accounts for 25% of the business performance component in our employee bonus calculations.
There is a lot more to do in this area and our aspirations are ambitious. In 2023 and beyond, we aim to further reduce greenhouse gas emissions as well as water and energy intensity. We will also continue to work with our suppliers and our customers to improve ESG along the value chain. At the same time, as a science-led company we are currently examining how we can refine our approach to target setting.
By ensuring that sustainability remains a long-term strategic priority, we will continue to enable a healthier world for people and planet alike.
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