Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In 2020, the company announced an ambitious Sustainable Development Plan, which establishes specific measurable goals that seek to make SQM a leader in sustainability around the world. The main goals proposed are: i) A 65% reduction in the use of freshwater by the year 2040 and 40% by 2030, with respect to BAU (Bussiness as usual). ii) A 50% reduction in brine extraction from the Salar de Atacama by 2030, starting with 20% by November 2020, compared to the environmental permit. iii) Ensure that all our products are carbon neutral by 2040 and in the case of lithium, iodine and potassium chloride, this goal is for 2030. iv) Stimulate more and better instances for dialogue with the communities near the operations.
In line with this, we have established a political commitment in our new sustainability, ethics and human rights policy where one of the approaches is climate change where
we declare that we are deeply aware that our products are used in industries that play a vital role in human development and wellbeing. We have therefore set extremely ambitious goals in terms of greenhouse gas (GHG) emissions reduction, covering scope 1 and 2 emissions, and incorporating some categories for scope 3 emissions. These goals are reflected in our Sustainability Plan. Thus, our climate change approach lines of work are:
4.B.i Mitigation through quantification of GHG emissions according to international methodologies and periodically verified, in search of internal management in each of our facilities to meet the reduction goals specified in our sustainability strategy. Our methodology includes the identification, evaluation and implementation of opportunities to reduce our energy consumption and GHG emissions and their periodic review.
4.B.ii Adaptation of our operations and production and logistics processes in accordance with the specific needs and risks of each project, incorporating climate change amongst the factors for periodic risk assessment, in order to identify, evaluate, and successfully manage possible impacts of the growing effects of climate change. Thus, as an integral part of SQM's strategy, the reduction goals will support better business performance through cost reductions and will be consistent with the value pillar of sustainability, energy management and Emissions of greenhouse gases.