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Sustainability

How can methanol help create a more sustainable world?

As society and industry commit to decarbonization, the world faces a dilemma: while demand for petrochemicals and global transportation of goods is growing, so are the pressures to reduce or eliminate the carbon footprint of these products and activities.

As the world’s largest producer of methanol we have the opportunity to actively participate in the transition to a low carbon economy. Methanol is a cleaner burning fuel that can be used to improve air quality compared to traditional fuels like diesel or coal, and it can also be made from renewable sources.

At Methanex we’re committed to upholding the Responsible Care Ethic and Principles for Sustainability and developing low-carbon solutions for our customers.

Our ESG Performance

> 8.5 Million

Workhours with no Day Away From Work cases at our G3 expansion project

19

Total dual-fuel vessels in Waterfront Shipping’s 30-ship fleet

0

Environmental spills over the last 5 years

$2 Million

In community investments in 2023

3

Responsible Care awards from the Chemistry Industry Association of Canada in 2023

Key Commitments and Performance Goals

1
ADVANCING LOW-CARBON SOLUTIONS

Commitments

  • Operate and invest in our manufacturing assets to continuously improve reliability and efficiency, and achieve ongoing greenhouse gas intensity reduction.
  • Invest in opportunities and new technologies to enable low-carbon methanol solutions.
Read the Performance Goals
2
Protecting People and the Environment

Commitments

  • Continuously improve our personal and process safety performance, striving to achieve zero harm.
  • Continuously improve our resource management performance to minimize our impact on the environment.
Read the Performance Goals
3
Fostering Inclusion and Community Connection

Commitment

  • Embed a culture of equity and inclusion that enhances diversity across our company and strengthens the connection with our communities.
Read the Performance Goals
4
Transporting Methanol Safely and Responsibly

Commitment

  • Maintain the highest industry standards for safe and sustainable methanol transportation.
Read the Performance Goals
5
Working with Integrity

Commitment

  • Consistently demonstrate high standards of integrity across our company.
Read the Performance Goals

UN Sustainable Development Goals

Methanex supports the United Nations’ Sustainable Development Goals (SDGs) to end extreme poverty, reduce inequality, and protect the planet by 2030. While we contribute to many SDGs, we are focusing on the SDGs that we support most with Methanex activities. As we progress our sustainability efforts, we will work to maintain alignment with the SDGs in support of the global movement towards a more equitable and sustainable world.

To read about each UN SDG in depth, please see pages 58 and 89 of our 2023 Sustainability Report.

Low-Carbon Future