Sub-theme: Sustainable materials
Croda International is a UK based specialty chemicals company whose products use bio-based feedstocks and are used across the life sciences, performance technology, industrial chemicals and personal care sectors. By offering an alternative to the fossil-fuel based materials typically used by these sectors, Croda’s products provide a carbon-reduction benefit. In addition, the company’s products also help to extend drug shelf life and improve vaccine effectiveness as well as improving agricultural yields and reducing pollution.
Impact Score: 26%
67% of Croda’s raw materials are, significantly outstripping the industry average of 10%. Alongside the carbon benefits in their consumer car and industrial businesses, Croda’s bio-based agricultural products help to improve crop yields and resilience and support biodiversity. Croda focuses on specific technological niches where their innovative products are differentiated from most competition.
Fundamental Quality: 76%
Croda is, in our view, a very well-run business with an impressive approach to governance and comprehensive management of critical environmental and social issues. The company has a clear growth strategy focusing in particular on life sciences and consumer care applications. Innovation and sustainability remain central to the company’s growth ambitions in these industries.
(per £1m invested)
- Manufacturing generates significant amounts of greenhouse gases and waste
- Raw materials also involve significant use of energy. Most, such as palm oil, are certified to sustainability standards
