Westlake Announces Achievement of 2030 Emissions Target in 2024 Sustainability Report
Westlake Corporation (NYSE:WLK) today released its 2024 Sustainability Report, marking the company's eighth consecutive annual update on its voluntary sustainability initiatives and ongoing operational improvements. The report highlights that Westlake has successfully met its target to reduce Scope 1 and Scope 2 CO2e emissions per ton of production by 20% compared to its 2016 baseline.
"At Westlake, we are deeply committed to sustainability and continuous improvement. Achieving our goal of reducing Scope 1 and Scope 2 CO2e emissions per ton of production by 20% from our 2016 baseline reflects the dedication and innovative spirit of our entire team," said Jean-Marc Gilson, President and Chief Executive Officer at Westlake Corporation. "This milestone demonstrates our ongoing efforts to drive meaningful change for our business, our communities, and the environment."
Having reached its initial 2030 emissions target, Westlake is now committed to further decreasing its Scope 1 and Scope 2 CO2e emissions per ton of production by an additional 5% by 2030, using a 2024 baseline. This will result in a total reduction of 25% from the 2016 baseline. Progress toward this goal will be measured in accordance with the Greenhouse Gas Protocol methodology.
"Our ongoing commitment to sustainability is essential to Westlake's progress and future growth," said Jean-Marc Gilson, President and Chief Executive Officer. "Targeting this new goal underscores the commitment of our team as we continue to reduce our environmental footprint and deliver lower-carbon solutions to address today's climate challenges."
The Sustainability Report features key metrics informed by the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD) frameworks. These internationally recognized standards guide Westlake in providing transparent information about its products, operations, and locations across both the Performance & Essential Materials and Housing & Infrastructure Products businesses.
Westlake continuously reviews the changing landscape of sustainability-reporting frameworks and actively seeks feedback on its sustainability performance from a diverse group of stakeholders, including customers, employees, investors, suppliers, and ESG rating agencies.
About Westlake
Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, with operations in Asia, Europe and North America, we provide the building blocks for vital solutions — from housing and construction, to packaging and healthcare, to automotive and consumer. For more information, visit the Company's website at www.westlake.com
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Chip Swearngan
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