Algol Chemicals achieves majority of its responsibility targets in 2022
At the beginning of 2022, we published our short-term responsibility targets for 2022-2024 in accordance with our strategy. These targets are based on a survey conducted within the company that clarified the key issues of our responsibility work in terms of our customers and other stakeholders. In 2022, we achieved the majority of our responsibility targets.
As a distributor and packer of chemicals, the most significant environmental impacts are caused by the use of resources in our own production facilities, the storage of our products, and transportation. The company collects emissions data from product manufacturers, suppliers and transport companies.
In 2022 closer attention were paid to the generation of waste due to product obsolescence. By monitoring product shelf life more effectively, optimising purchase quantities, and working together with supply chain operators, it was possible to reduce the total amount of chemical waste by 53% compared to the previous year.
Algol chemicals requires all its suppliers and subcontractors to sign our Supplier Code of Business Conduct. In addition, the company has guidelines and principles for selecting and assessing cooperation partners. The number of completed assessments fell short by one.
