Association of International Chemical Manufacturers (AICM), the global industrial organization, recently released Sustainable Development Report in China (2023) to motivate its member companies to formulate carbon neutrality goals and strategies pertaining to the entire value chain.

In addition to summarizing the development trends of China's chemical industry in the context of the dual-carbon goals through stakeholder surveys, in-depth analysis of issues and other methods, the report analyzes the current status and measures of value chain emission reduction in China’s chemical industry, and explores the challenges and opportunities faced by chemical companies in the process of reducing emissions across the value chain.

To pave the way for a more eco-friendly future, China has set a goal of peaking carbon dioxide emissions before 2030 and reaching carbon neutrality before 2060.

According to the report, foreign chemical companies have carried out diversified measures to address climate change in China, including the establishment of sustainable strategies, technological upgrade, process optimization, environmental governance and the application of renewable energy.

AICM represents nearly 70 major multinational companies, including Air Liquide, BASF, Dow Chemical, ExxonMobil and Saudi Basic Industries Corp, across China's chemical industry. Its members' businesses cover the manufacturing, sales, transportation, distribution and disposal of chemicals.

Li Lei, chairman of AICM, said the association, along with its member companies and partners, has always been committed to promoting the sustainable development of chemical industry.

"We hope to facilitate the exchange of sustainable development practices among chemical industry by sharing of sustainability reports, and to help all relevant stakeholders fully understand the efforts and contributions made by the chemical industry for sustainable development," said Li.