Chemical manufacturing companies measure their environmental progress using a variety of metrics and methods to ensure they are meeting their sustainability goals. Here are some common approaches:

Environmental Performance Metrics
- Emissions and Waste Reduction: Chemical manufacturing companies track the amount of greenhouse gases, pollutants, and waste they produce. They set targets to reduce these emissions and waste over time. For example, ENEOS has set a target to achieve carbon neutrality in their own emissions by fiscal 2040 and has detailed initiatives to reduce CO2 emissions.
- Energy Efficiency: Measuring energy consumption and efficiency improvements is crucial. chemical manufacturing companies often compare current energy use to previous years or industry averages to assess progress.
- Resource Consumption: Tracking the use of raw materials, water, and other resources helps chemical manufacturing companies identify areas for improvement and efficiency gains.

Benchmarking
- Industry Comparison: chemical manufacturing companies compare their performance against industry standards or best practices. This helps them identify areas where they can improve and align their efforts with industry leaders.
- Peer Comparison: By comparing their environmental performance with similar chemical manufacturing companies, they can identify gaps and opportunities for innovation.

Compliance and Standards
- Regulatory Compliance: Ensuring compliance with environmental regulations is a fundamental measure. chemical manufacturing companies track their adherence to laws and regulations to avoid penalties and maintain a good reputation.
- Certifications and Standards: Adherence to international standards such as ISO 14001 for environmental management systems is a key indicator of a company's commitment to sustainability.

Sustainability Indices
- Environmental Performance Index (EPI): Some chemical manufacturing companies develop an EPI that aggregates various environmental performance metrics into a single score. This helps in tracking progress over time and communicating it to stakeholders.

Leading and Lagging Indicators
- Leading Indicators: These are proactive measures that predict future performance, such as the number of voluntary initiatives participated in or the implementation of new environmental policies.
- Lagging Indicators: These measure past performance, such as the amount of pollutants emitted or the number of environmental incidents.

By using these methods, chemical manufacturing companies can effectively measure their environmental progress, identify areas for improvement, and demonstrate their commitment to sustainability.