Page 30 - 2019 Sustainability Report
P. 30

ENHANCED DISCLOSURE

          AND 2030 GHG REDUCTION GOALS








                                                                  Last year, Martin Marietta issued enhanced climate-
                                                                  related disclosures, including information about the
                                                                  physical and transition risks and opportunities relating
                                                                  to climate change, in our annual report to the SEC. We
          Notwithstanding our operational focus on aggregates,    believe this enhanced disclosure helps to facilitate more
          we have made considerable strides in reducing the       informed business and investment decision-making,
          intensity of our GHG emissions from our cement and      including by comparison with our peers in our industry,
          magnesia specialties plants, as described previously.   and is consistent with the objectives of the Task Force on
                                                                  Climate-related Financial Disclosures Recommendations
          In connection with our continuing commitment to         and Sustainability Accounting Standards Board (SASB)
          sustainability, including concerns relating to climate   guidelines for the construction materials sector. All our
          change, we commit to a total of:                        public reports are available on Martin Marietta’s website.


                                                                  Our long-term reduction targets were selected based on
                                                                  a number of factors, including the significant investment
                            REDUCTION IN THE INTENSITY            we have made in our plants in the past two decades;
         15%                OF OUR SCOPE 1 CO e PROCESS           the use of improved technologies in our plant processes
                                               2
                            EMISSIONS FROM OUR CEMENT
                                                                  that has resulted in a reduction in GHG emissions;
                            OPERATIONS AS COMPARED TO
                                 1
                            2010  LEVELS BY 2030                  the current limited ability in the United States to use
                                                                  alternative fuels to operate our plants, both from a
                                                                  regulatory and a customer perspective; the stringent
                                                                  requirements included in all of our air permits for
                                                                  our cement and magnesia specialties plants; and the
                                                                  absence of high-emissions sources, such as wet or older
                            REDUCTION IN THE INTENSITY
         10%                OF OUR SCOPE 1 CO e PROCESS           cement plants, that could be shut down or removed. We
                                               2
                                                                  chose 2010 as our base year because that was the first
                            EMISSIONS FROM OUR MAGNESIA
                            SPECIALTIES BUSINESS AS
                                                                  reporting, emissions to the USEPA resulting in reliable
                            COMPARED TO 2010  BY 2030             year that most sources were required to, and started
                                               1
                                                                  and comparable data.
          These two businesses (four plants) are responsible        Tire chips and wire
          for approximately:                                        being separated.
                            OF MARTIN MARIETTA’S
                            OVERALL SCOPE 1 CO e

          87%               EMISSIONS           2








           1 Facilities in most source categories subject to the
           USEPA’s Greenhouse Gas Reporting Program (codified
           at 40 CFR Part 98), including cement production,
           began reporting emissions in 2010. Thus, we believe
          2010 is a year with reliable and comparable data across
           a wide range of facilities in the U.S.




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