SIBUR to recycle at least 50% of all waste - strategy
MOSCOW. Jan 16 (Interfax) - SIBUR intends to recycle at least 50% of all waste generated, according to the Sustainable Development Strategy to 2025, approved by the Russian petrochemical giant's board of directors.
The Strategy identifies five key focus areas: Responsible Business, Environment, Society and Partnership, Sustainable Product Portfolio, and Climate Impact Mitigation.
In Environment, SIBUR intends to recycle at least 50% of all generated waste, reduce the specific mass of contaminants in wastewater by 40%, and cut water consumption per ton/unit by at least 5%. As part of Operation Clean Sweep SIBUR is planning to minimize the amount of plastic pellets lost into the environment.
In Climate Impact Mitigation, SIBUR intends to cut greenhouse gas emissions per ton/unit in Midstream and Petrochemicals segments by 5% and 15%, respectively, and increase the share of green energy in the Company's energy mix fivefold.
In Sustainable Product Portfolio, the company plans to increase investments into R&D projects focusing on polymer waste recycling and use of renewable feedstock by 50%, build an effective communication system to promote sustainable development across the supply chain, and make sure that at least 40% of manufactured PET contains recycled PET granules.
In Society and Partnership, as part of the 2025 goals, the company is to establish a public council under the Formula for Good Deeds programme, launch at least three long-term environmental projects as part of this programme, and increase the share of employees participating in volunteering and other socially important initiatives to 20%. In addition, the Company aims to provide training in sustainable development for 85% of its employees and establish at least two international partnerships to promote sustainability.