Currently utilizing biomass in feedstock and through energy generation. We are exploring further options to increase consumption. In the midst of a study to determine the feasibility of implementing these technologies in our manufacturing sites. Critically evaluating Natural Capital Solutions for future applications. MANAGING OUR ENERGY CONSUMPTION IVL continuously monitors, controls, and conserves energy throughout our value chain. We are steadfast in our commitment to our 2025 target of reducing our energy intensity by 5% compared to the 2020 baseline. Our Net Zero Carbon ambitions contribute to multiple energy saving initiatives throughout the business. Our intense focus on energy efficiency reduces our energy costs, minimizes our impacts, contributes to a lower-carbon economy and increases our competitiveness. Further information is available in our Global Performance Data section on pg. 161. In 2021, although we recorded an increase in total energy consumption – energy intensity decreased by 1.50%. This was in line with our expectations of higher operational efficiencies due to our implementation of various production site-level initiatives. Furthermore, we are actively increasing our use of renewable energy such as solar and wind energy, biomass and biogas – in line with our Net Zero Carbon ambitions. 4. Circular Feedstock (Bio-based and Recycled feedstocks) Replacing fossil fuel-based feedstocks with bio-based and recycled feedstocks 5. Future Technologies Exploring opportunities for CarbonCaptureUtilization and Storage(CCUS),greenhydrogen, bio/renewable feedstock, and Renewable Natural Gas (RNG) 6 Natural Capital Solutions Explor ing par t ial and ful l ownership of carbon offsetting projects 2021 PROGRESS Total Energy Consumption 104,724,983 73,452,756 59,984,718 2018 2019 2020 2021 Total consumption (GJ) Intensity (GJ / ton of production) 109,547,567 5.29 5.75 6.73 6.63 Note: 6.64 GJ / ton of production for 2020 reporting scope and 6.63 GJ / ton of production for 2021 reporting scope 103 SUSTAINABILITY REPORT 2021 2025 Target 5% energy intensity reduction 2030 Target 15% energy intensity reduction In 2021, IVL recorded an energy intensity of 6.63 GJ/ton of production, a 1.5% reduction against 2025 target. Energy Targets and Performance Empowering Our People and Communities Global Performance Data GRI Standard Content Index Towards Net Zero Carbon Responsible Business and Effective Governance Driving Sustainable Value Creation and Growth
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