Archroma has released its Sustainability Report for the fiscal year 2024, highlighting their achievements, progress and commitment to creating a positive impact on the environment, society and stakeholders.
Archroma has released its Sustainability Report for the fiscal year 2024, highlighting their achievements, progress and commitment to creating a positive impact on the environment, society and stakeholders.
This year’s highlights include:
New Sustainability Framework: They accomplished their goal to significantly enhance sustainability framework for the reporting period FY2024. They have included the major ESG targets as well as our material topics alongside the three GRI pillars – Environment, Social, and Governance (ESG), and we integrated the previously identified key SDGs.
Target dashboard: In addition, a comprehensive Sustainability target dashboard has been added with detailed information on all ESG goals, including elements such as Key Performance Indicators (KPIs), baseline, and status.
Scope 3.1 calculation: The revelation of our Scope 3.1 result is a major milestone in FY2024, confirming to customers and brands that they are a reliable partner in supporting their climate targets’ achievement.
Integration of sustainability into the Archroma strategy
Archroma’s purpose is to lead industry towards a more sustainable future for our customers and markets to enhance our ESG governance structure and strengthen their commitment to environmental, social and governance (ESG) initiatives. In consequence, they launched a new governance model with a dedicated ESG council in September 2023.
The ESG Council closely collaborates with the Risk Management Council and the Compliance Council. Such coordinated action ensures a global view of the effective implementation of policies relative to their respective areas of competence, as well as enhancing the quality of non-financial information made available to the market.
“Archroma is committed to leading the sustainability transformation of its industries. By constantly exchanging with our partners along the value chain on their needs and expectations we drive the proactive adaptation of our portfolio towards future market expectations,” says, Martina Beitke, Archroma Group Sustainability Director.
Planet conscious+ Vision for a more sustainable future Over the past decade, Archroma has been on a mission to lead the textile industry towards a more sustainable future. But the world’s challenges are escalating – from climate change to economic and geopolitical instability.
They believe that the time is right for them to realign their vision to guide the next phase of development. ‘PLANET CONSCIOUS+’ encapsulates both its responsibility and potential as a company that touches and colors people’s lives every day, all around the world. In FY2024, 89% of Archroma’s total sales were approved by key 3rd party certifiers such as bluesign, ZDHC Gateway, GOTS, and C2C. These external standards are widely accepted as a qualifier by customers, fashion brands, mills, and retailers, due to their high requirements in terms of product safety.
The Archroma manufacturing footprint in FY2024: Archroma’s overall production in FY2024 increased by 11% to 514,650 metric tons (mt) in comparison to the previous reporting period. FY2024 reporting includes Huntsman figures from the beginning of the FY on GHG emissions, waste, water & energy. Transition to water circularity New Zero Liquid Discharge (ZLD) technology helps Archroma minimize its impact on Thailand’s water resources by converting wastewater into clean water and usable minerals.
Archroma Mahachai has installed an innovative ZLD wastewater treatment process based on membrane technology. The new system allows Archroma to reclaim up to 90-95% of wastewater for reuse at the plant and to recover minerals for use by partners along the value chain.
