Songwon Signs The Antwerp Declaration for a European Industrial Deal
Last update on May 14, 2024
Songwon signs The Antwerp Declaration for a European Industrial Deal. Together with 1000 industry signatories representing 25 European sectors, Songwon will strengthen the competitiveness, sustainability and resilience of European industrial production. The declaration will facilitate the transition towards a greener economy. It will also develop sustainable practices across the industrial value chain in Europe. Songwon is a manufacturer of polymer stabilizers and a key global specialty chemicals player.
Emphasizing Europe’s Industrial Policy to Achieve Climate Neutrality
The Antwerp Declaration underscores the urgent need for clarity, predictability, and confidence in Europe's industrial policy. It is to achieve climate neutrality by 2050, amidst formidable challenges. It calls for an action plan that fosters sustainable industrial advancement. It is done by streamlining regulations, mitigating conflicting objectives, simplifying legislation, and reducing over-reporting.
Most importantly, it aims to position Europe as a competitive global energy provider. This emphasizes the urgency of critical infrastructure development. It also increases raw material security and driving demand for sustainable products.
'Songwon strongly supports all of these objectives, and they align with our sustainability commitments. Europe continues to be a significant market for Songwon and we have had a presence for well over a decade, manufacturing a variety of products including key antioxidants and light stabilizers at our Greiz plant in Germany,' said Thomas Schmutz, leader of Technology, Regulatory Affairs & Sustainability at Songwon.
'We are proud to support The Antwerp Declaration and look forward to working together with other European partners to advance a more circular and sustainable industrial ecosystem that paves the way for tomorrow's climate solutions,' continued Schmutz.
Road to Net Zero Emissions
Songwon aims to achieve net zero emissions by 2050 and has a comprehensive carbon reduction roadmap to help it achieve its target. For Songwon, sustainability is a strategic driver. It has integrated environmental, social, and governance (ESG) considerations into its corporate strategy. Songwon creates lasting value by embracing sustainability, optimizing operations, and fostering innovation. It can align business needs with the continually evolving demands of its markets, environment, and society.
'At Songwon, sustainability is a group-wide challenge that involves our entire global team. We constantly strive to deliver more value by creating better environmentally sound solutions using more sustainable, ethically sourced materials that require less packaging and generate less waste,' added Schmutz. 'By harnessing our innovation capabilities, we support customers to overcome challenges and secure a competitive edge through sustainable value creation.'
As an internationally operating organization, Songwon is exposed to numerous risks that are intrinsically linked with all its business activities. The Antwerp Declaration provides a valuable platform for collaborating and keeping at the forefront of key sustainability innovations, opportunities and challenges.
Source: Songwon
Source
Songwon