69% of chemical industry has embraced sustainability, says Genomatica and ICIS survey

In California, Genomatica has announced the results of a survey on sustainability issues in the chemical industry.

Key findings from 958 respondents include:

• 69% say their company has a sustainability policy in place or are currently developing one.
• 67% describe their company’s top business priority in sustainability as either promoting or marketing sustainable products, taking an active lead on sustainability issues, or engaging customers on a business level.
• 81% of producers say it’s very or moderately important to be a front runner in sustainable chemicals.
• Amongst producers of renewable feedstocks, 35% are investing in R&D and 31% have a strategic commitment to their use.
• On economics, 43% of producers say there is long-term economic advantage to renewable feedstocks; and 51% say they should reduce exposure to the petroleum market.

The survey was conducted together with ICIS, one of the world’s leading chemical and energy market information providers.

To access the document, click here.