Lubrizol continues to identify new solutions to help solve today’s most demanding transportation needs. Reducing emissions in the coming decades will require advancements in the efficiency of internal combustion engine (ICE) powered vehicles, as well as aggressive electrification. We see great opportunities in both categories to improve and extend product life while reducing emissions to help the world Move Cleaner.
• Lubrizol ACT™ additive technologies lower the impact of low-speed pre-ignition wear, reduce production complexity, reduce tailpipe emissions and boost fuel efficiency savings in ICE vehicles.
• E-greases for electric motors that will enable energy efficiency, increase durability, noise reduction, and reduce electric arcing.
• Specialized thermal management fluids that allow lithium-ion batteries to achieve high performance and durability in high temperatures.
Our work to Create Smarter is owned throughout our organization and across our portfolio, as we focus on the handprint of our products and the impact they have after they leave our gate. Our commitment to life cycle thinking helps customers achieve their sustainability goals in four critical areas: responsible design, elimination of waste, responsible production and enabling greater use of products.
circularity impact of our
• Our Evogen™ e-driveline fluid technology optimizes the protection and efficiency of electric driveline systems.
Laundry Solutions That Reduce Energy And Water Use
Lubrizol’s Noverite™ LD 920N polymer reduces water and energy usage in the production of laundry detergent powder. This has saved some customers more than 1 million gallons of water and $1 million in energy savings annually at a single plant.
Accelerator Program Enables Sustainable Soap
Our Accelerator Program helped launched Gelo™ dissolvable pods, a biodegradable product that is combined with water at home to create hand soap in a reusable bottle. This eliminates waste from bulky, plastic soap dispensers, excess packaging and even reduces shipping impact.
Industrial Fluids With Sustainable Impact
Through the development of our Lucant™ polymer technology, industrial equipment can run at cooler temperatures, extending their lifespan, decreasing energy use and reducing emissions.
Acquisition Expands 3D Printing Capabilities, Enables Efficient Manufacturing
In 2020, Lubrizol acquired Avid Product Development to expand Lubrizol’s 3D printing capabilities and help customers launch value-added products faster, while also enabling more efficient manufacturing processes with less waste.
In 2020, Lubrizol helped businesses, families, and communities across the globe meet the challenges of COVID-19, all while propelling new innovation to help the world Live Better. We continue to develop science that enables the performance of the everyday products needed to keep consumers safe and healthy.
Meeting the World’s Need for Hand Sanitizer
In 2020, we boosted the production of Carbopol® polymers, a thickening agent found in most hand sanitizing gels, to address global needs. This enabled our customers to produce an additional 1 billion bottles of hand sanitizer every month.
Protecting Skin from Blue Light
With increased exposure to blue light in 2020 from cell phones, computers and other screens, our Lumicease™ blue ingredient helps protect and repair skin from artificial blue-light damage.
Making Pharmaceuticals and Medical Devices Work Better
We continue to develop science that enables the performance of prescription and over-the-counter medications, medical devices, personal protective equipment and nutraceuticals, all impacting daily lives.
Enabling More Clean Water Across the Globe
In 2020, Lubrizol committed to invest significantly to manufacturing and supply TempRite® resin in India to meet growing regional demand. To date, Lubrizol products have been instrumental in delivering and safe drinking water to 200 million citizens in South Asia.
We strive to minimize the environmental footprint of our own operations by driving energy efficiency, reducing emissions, decreasing waste and protecting natural resources. Our approach is to be proactive in identifying opportunities for environmental impact and improvement as sustainability becomes inextricably linked with everything we do.
We have committed to new SMART (Specific, Measurable, Assignable, Relevant and Time-bound) Environmental Footprint Goals:
Reducing Scope 1 and Scope 2 greenhouse gas emissions by 20% by 2030 (compared to a 2018 baseline). Reduction targets for Scope 3 emissions, including reducing raw material and transportation impacts, are expected to be released later this year.
Decreasing the impact of our waste by 10% by 2030 (compared to a 2017-2019 average baseline). This includes reducing the amount of waste generated, decreasing scrap and increasing recyclability.
Conducting water risk assessments at all Lubrizol manufacturing sites in 2021 and repeating this process biennially to determine opportunities for additional improvements. We also will sponsor annual waterbody restoration or clean-up activities in the communities we call home.
Diversity and Inclusion
Increasing the percentage of women in senior leadership roles to 46% by 2023.
Lubrizol’s approach to social responsibility is based on our commitments to protect and engage our employees and support the communities where we work and live. Every year, the health, safety and well-being of our employees is our highest priority, and that was needed more than ever in 2020. We worked hard to keep our employees safe and healthy amidst a global pandemic, found ways to improve employee engagement despite unique working environments; formalized and expanded our diversity and inclusion efforts; and addressed pressing needs in the communities we call home.
We are committed to reporting on our performance annually and continuing to refine and adapt our strategies to meet the evolving needs of our business, our stakeholders and the world around us.
Doing business in a responsible, ethical manner is the core of Lubrizol’s culture. We are committed to a strong, corporate governance and ethical conduct that goes beyond compliance, holding ourselves accountable to higher standards as an industry leader.
GOVERNANCE AND ETHICS
*Scope 1 and 2 Emissions
Diversity and Inclusion
U.S. Black Population.
Increasing the representation of Black/African American employees at all levels of the organization in the U.S. and tripling the percentage of Black senior-level leaders in the U.S. to 9% by 2025.
Diversity and Inclusion
Increasing the geographic diversity (non-U.S.) of the senior leadership team to 45% by 2025 to ensure a more global perspective.
Community Investment Goals
Giving at least $20,280,000 to organizations that are aligned with our community investment priorities.
Community Investment Goals
Giving at least 80,000 volunteer hours to activities that are aligned with our community investment priorities.
Our governance practices are embedded across the organization. Through regular training, auditing, and risk management procedures, we have the requirements in place to achieve sustained success.
Enterprise Risk Management
Our Enterprise Risk Management (ERM) program aims to mitigate vulnerabilities and lessen the impact of potential disruptions to our business.
All employees, regardless of their position in the company, are required to act with honesty and integrity, treat each other with respect, and comply with all applicable laws.
We remain highly vigilant in our efforts to protect the data entrusted to us by our employees, suppliers, partners, and customers.
We look to partner with suppliers who share our corporate philosophy and commitment to ethical and sustainable practices, with several requirements in place to ensure success.