Climate
At Podlee,we recognize climate change as one of the most pressing challenges of our time. As a responsible lubricant and coatings manufacturer, we are committed to driving measurable, science-based action to mitigate our climate impact, adapt to a changing world, and accelerate the global transition to a net-zero economy. Our Climatic Policy is anchored in four strategic pillars: Decarbonization, Resilience, Innovation, and Advocacy.
We have an absolute emissions reduction target of 50% by 2035, compared to 2015 levels on a net basis.
With more employees choosing remote and hybrid work options, we eliminated approximately one hundred thousand square feet of office space responsible for almost one thousand metric tons of carbon dioxide equivalent in 2024.
Switching to lower emission alternatives and matching remaining energy use with renewable energy. For example, at our manufacturing site in Arizona, USA, we’ve implemented projects that have annually reduced greenhouse gas emissions by 10,000 metric tons. At our facility in Vietnam, we have reduced the CO2 emmissions by 4,500 tons per year, with onsite renewable energy sources providing more than 30% of the electrical needs.
1. Decarbonizing Operations & Value Chains
We prioritize reducing greenhouse gas (GHG) emissions across all scopes of our business.
- Science-Based Targets: Align with the Science Based Targets initiative (SBTi) to set near- and long-term emission reduction goals, targeting net-zero GHG emissions by 2050.
- Energy Transition: Transition facilities to renewable energy through onsite solar/wind installations, power purchase agreements (PPAs), and grid decarbonization partnerships.
- Operational Efficiency: Optimize manufacturing processes with AI-driven energy management, heat recovery systems, and low-carbon logistics (e.g., electric fleet vehicles, rail transport).
- Scope 3 Leadership: Collaborate with suppliers and customers to reduce indirect emissions via sustainable sourcing, lightweight packaging, and product lifecycle innovations.
2. Building Climate Resilience
We prepare for climate risks to safeguard our operations, employees, and communities.
- Risk Assessment: Conduct annual climate vulnerability analyses using IPCC data and TCFD frameworks to identify physical risks (e.g., extreme weather) and transition risks (e.g., policy shifts).
- Community Partnerships: Support climate resilience programs in vulnerable regions where we operate, such as coastal restoration or urban heat island mitigation projects.
3. Innovating for a Low-Carbon Economy
We develop products and technologies that empower customers to reduce their carbon footprint.
- Climate-Smart Solutions: Engineer high-performance lubricants and coatings that lower energy consumption (e.g., friction-reducing oils, thermally reflective coatings).
- Bio-Based Materials: Increase use of renewable feedstocks (e.g., plant-based oils, recycled polymers) to displace fossil-derived ingredients.
- Carbon Capture & Utilization (CCU): Explore partnerships to integrate captured CO2 into product formulations, turning emissions into valuable resources.
4. Advocacy & Collective Action
We amplify our impact by championing climate-forward policies and partnerships.
- Industry Collaboration: Join alliances like the Climate Leadership Council or RE100 to advance sector-wide decarbonization and circular economy practices.
- Policy Engagement: Advocate for ambitious climate legislation, carbon pricing mechanisms, and incentives for clean technology adoption.
- Transparency & Education: Publish annual climate progress reports aligned with GRI and SASB standards, and educate stakeholders on climate risks and opportunities.
5. Investing in Natural Climate Solutions
We support nature’s ability to sequester carbon and restore ecosystems.
- Reforestation & Conservation: Fund verified carbon offset projects, such as reforestation in the Amazon or mangrove restoration, to neutralize residual emissions.
- Soil Health Initiatives: Partner with agricultural suppliers to promote regenerative farming practices that enhance carbon sequestration in soils.
- Biodiversity Credits: Pilot investments in biodiversity credits to protect critical habitats while advancing our net-zero goals.