In 2022, building on previous initiatives, GF continued to drive its comprehensive plan to lower GHG emissions along its value chain, mitigate climate risks and develop the low-carbon economy. This recognition from CDP (formerly known as the Carbon Disclosure Project) reflects GF's commitment to climate action and to a high level of transparency around its environmental impact.
When it comes to water security, the company's production facilities use only small amounts of water in closed-loop cooling systems. All three divisions continued to implement water-saving measures at 14 sites operating in high water-stress areas.
GF is also purchasing more renewable electricity, as well as investing in energy efficiency measures and self-generating renewable energy. In total 70 CO2e saving measures were implemented in 2021.
The CDP rating is the latest sustainability leadership recognition for GF. In September, the Science Based Target initiative validated GF’s science-based targets to reduce the company’s greenhouse gas (GHG) emissions.
GF reports every year to CDP, a non-profit organization that founded the biggest and most commonly used database on carbon emissions and water consumption, with the goal to improve disclosure on environmental transparency. CDP's annual environmental disclosure and scoring process (from A to D) is widely recognized as the gold standard of corporate environmental transparency.
Initiatives to curb the negative effects of climate change and secure availability of water are at the core of GF's Sustainability Strategy and its Sustainability Framework 2025.
