METHANEX Releases 2021 Sustainability Report
April 14 2022 - 9:37AM
Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest
producer and supplier of methanol, released its 2021 Sustainability
Report today. The report captures a year of focused action on
Methanex’s identified material environmental, social and governance
(ESG) areas.
“As a global leader in the methanol industry, we recognize that
we have an opportunity and are well-positioned to actively
participate in the transition to a low carbon economy,” said John
Floren, President and CEO of Methanex. “In this year’s report you
will read how we have deepened our understanding of the
opportunities and the risks for methanol and our business as part
of the energy transition.”
Highlights from Methanex’s 2021 Sustainability Report:
- Committed to reducing Scope 1 and Scope 2 GHG emission
intensity from manufacturing by 10% by 2030 from 2019 levels.
- Demonstrated the best safety performance to date with a 60%
reduction in recordable injuries from 2020.
- Committed resources to pursue emissions reduction initiatives,
including a feasibility study for carbon capture, utilization, and
storage in North America, and technology research studies of a new
conventional methanol plant design that could significantly reduce
CO₂ emissions.
- Pursuing green methanol offtakes and have the ability to
produce green methanol at our Geismar site using renewable natural
gas to supply the market as it develops.
- Restarted construction on the 1.8 million tonne G3 project, an
industry leading plant which will have one of the lowest CO₂
emissions intensity profiles in the industry.
- Waterfront Shipping subsidiary completed the first-ever
barge-to-ship methanol bunkering operation at the Port of
Rotterdam, demonstrating Methanex’s continued leadership in
advancing methanol as a cleaner-burning marine fuel.
- Established a Global Diversity & Inclusion (D&I)
Council and a new senior role of Director, D&I to lead the
development of Methanex’s D&I Strategy and the implementation
of a 3-year D&I roadmap.
This year’s report represents another important step forward to
enhance Methanex’s ESG disclosure as we align with elements of the
Task Force on Climate-Related Financial Disclosures (“TCFD”),
including board and management oversight of climate-related risks
and management of these risks. The disclosures in the Report also
continue to be aligned with the Sustainability Accounting Standards
Board (“SASB”) reporting standards for the chemical and marine
transportation sectors and some requirements of the Global
Reporting Initiative (“GRI”).
To read Methanex’s full 2021 Sustainability Report please click
here. We welcome feedback on our report to help ensure our
disclosures meet the information needs of our many stakeholders.
Click here to provide feedback.
About Methanex CorporationMethanex is a
Vancouver-based, publicly traded company and is the world's largest
producer and supplier of methanol to major international markets.
Methanex shares are listed for trading on the Toronto Stock
Exchange in Canada under the trading symbol "MX" and on the NASDAQ
Global Market in the United States under the trading symbol "MEOH”.
Methanex can be visited online at www.methanex.com.
For further information, contact:
Investor InquiriesSarah Herriott, Director,
Investor Relations+1-604 661 2600 or Toll Free: 1 800 661
8851invest@methanex.com
Media InquiriesNina Ng, Manager, Global
Communications+1-604 661 2600 or Toll Free: 1 800 661
8851publicaffairs@methanex.com
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