Data Excellence & Decarbonization

In 2024, Kraton started its Data Excellence project. This project, being of strategic importance for Kraton, had a three-fold purpose:

To improve Kraton’s sustainability and ESG data quality and develop integrated data management processes, including ESG data automation.
To review Kraton’s decarbonization target and develop new scenarios and business cases to set new potential decarbonization targets for 2030 and 2032.
To improve Kraton GHG reporting practices and sustainability and ESG reporting capabilities.

We addressed these challenges by forming a cross-functional core project team represented by Kraton Sustainability, Operations, Procurement, and IT. Next to the core project team, the organizational-wide engagement of internal stakeholders (Engineering, Financial, Marketing departments, Kraton’s Sustainability Task Forces, and Kraton’s Sustainability Council) has been continuously managed through the execution of the project.
 
Part of our decarbonization framework includes Decarbonization Target Management, Renewable Electricity Strategy, Scope 3 emissions, and ESG Data Management and Automation.  

Read more about Kraton’s Data Excellence and Decarbonization Strategy on page 15 of the 2024 Sustainability Report.
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Strategize 

Energy Governance and Management

  • Measure enterprise baseline
  • Define a clear strategy, targets, and roadmap
  • Identify individual roles and responsibilities
  • Build an effective action plan for prioritization, budgeting, and resourcing
  • Communicate commitment

Digitize

Energy Measurement and Control

  • Monitor resource usage and emissions with remote data visualization platform
  • Identify saving opportunities
  • Manage energy performance with tailored energy performance indicators
  • Report and benchmark progress with data analysis via dedicated technical teams

Decarbonize 

Efficient Installations

  • Reduce energy use
  • Replace energy source
  • Engage value chain
  • Understand financing options for project implementation
  • Measure and verify to ensure savings
  • Improve and manage existing initiatives