Ahlstrom and Clarivate: Leaders in Sustainability and Transformation

November 12, 2024, 11:15 pm
The Science Based Targets initiative
The Science Based Targets initiative
BusinessEconomyEnergyTechEnvironmentalFinTechGreenTechGrowthITScienceService
Location: United States, California, San Francisco
Employees: 11-50
In the ever-evolving landscape of global business, two companies stand out for their commitment to sustainability and transformation: Ahlstrom and Clarivate. Both organizations have recently published significant reports that highlight their achievements and future goals. Their narratives reflect a broader trend in corporate responsibility, where profitability and sustainability go hand in hand.

Ahlstrom, a Finnish company specializing in sustainable specialty materials, recently released its financial results for January to September 2024. The report reveals a remarkable transformation. Ahlstrom's comparable EBITDA reached record levels in the third quarter. This surge in profitability is not just a number; it symbolizes the company's commitment to innovation and customer satisfaction.

The introduction of recyclable packaging material for bouillon cubes is a prime example. This innovation replaces thousands of tons of plastic, aligning with global sustainability goals. Ahlstrom's dedication to science and collaboration has propelled its customer loyalty score to the highest decile in its industry. This is not merely a statistic; it reflects a deep connection with customers, a bond forged through trust and shared values.

Ahlstrom's operational performance has also improved significantly. The margin on variable costs per ton has reached unprecedented heights. This achievement is a testament to the company's strategic focus on enhancing its business portfolio. The consolidation of parchment paper production at the Saint-Séverin site, following the closure of the Bousbecque mill, exemplifies this strategy. Centralized operations lead to efficiency, a crucial factor in today’s competitive market.

The divestment of the Aspa pulp mill further underscores Ahlstrom's commitment to specialty materials production. This move is not just about cutting costs; it’s about aligning resources with the company’s long-term vision. Ahlstrom is not merely reacting to market changes; it is proactively shaping its future.

Looking ahead, Ahlstrom has set ambitious climate targets validated by the Science Based Targets initiative (SBTi). These goals are not just numbers on a page; they represent a commitment to reducing emissions across the value chain. Joining the World Business Council for Sustainable Development (WBCSD) allows Ahlstrom to collaborate with other forward-thinking companies. Together, they can drive the global sustainability agenda forward.

Meanwhile, Clarivate, a global provider of transformative intelligence, has also made significant strides in sustainability. Its fourth annual sustainability report showcases a commitment to the United Nations Sustainable Development Goals (SDGs). In 2023, Clarivate was recognized as one of "America's Greatest Workplaces for Diversity" and "America's Greenest Companies." These accolades are not just awards; they are reflections of a corporate culture that values diversity and environmental responsibility.

Clarivate's revenue alignment with the UN SDGs stands at an impressive 49%. This figure is more than a statistic; it represents a commitment to integrating sustainability into the core of its business model. The company has initiated a global procurement transformation aimed at sustainable practices by 2025. This proactive approach to procurement reflects a deep understanding of the interconnectedness of business and sustainability.

In addition, Clarivate has reported supply chain sustainability metrics across all its enterprise resource planning systems. This transparency is crucial in today’s business environment, where stakeholders demand accountability. The inclusion of anti-corruption training in annual Code of Conduct training further demonstrates Clarivate's commitment to ethical business practices.

Clarivate's support for various SDGs is noteworthy. The company aids life sciences and healthcare organizations, helping over 95 million patients understand their medications. It also supports over 130 million students and 26,000 public and academic libraries. These initiatives are not just about business; they are about making a tangible difference in people's lives.

Both Ahlstrom and Clarivate are paving the way for a sustainable future. Their reports are not just documents; they are blueprints for change. They illustrate how companies can thrive while prioritizing environmental and social responsibility.

The landscape of business is shifting. Companies are no longer judged solely on profits. Stakeholders are looking for commitment to sustainability, innovation, and ethical practices. Ahlstrom and Clarivate are leading the charge. They are not just adapting to change; they are driving it.

As we look to the future, the lessons from Ahlstrom and Clarivate are clear. Sustainability is not a trend; it is a necessity. Companies that embrace this reality will not only survive but thrive. The journey may be challenging, but the rewards are worth the effort.

In conclusion, Ahlstrom and Clarivate exemplify the power of transformation in the corporate world. Their commitment to sustainability and innovation sets a standard for others to follow. As they continue their journeys, they remind us that business can be a force for good. The future is bright for those who dare to lead.