Acting Responsibly for the Planet
As a leading global specialty chemicals and performance materials company, we place a high value on the efficient and safe use of natural resources to manufacture and distribute products that minimize impact to our environment.
Environmental issues significantly affect us all on a global scale, and it is the responsibility of governments and corporations alike to help find solutions to these challenges. As such, we operate our facilities responsibly while delivering innovative solutions that help address the sustainability challenges of our customers, our communities and our world.
We acknowledge that we have a responsibility not only to remain compliant with applicable environmental regulations in the locations where we operate, but also to lessen the impacts we have on the planet. We are proud of the improvements we have made in our environmental performance and the leadership we have demonstrated within our industry but realize this is an ongoing process. We must continue to work toward innovative, cost-effective solutions to reduce our environmental impacts while remaining competitive within our industries.
Of the 11 material topics serving as the foundation of our sustainability program, more than half are related to environmental performance. The management of these topics is guided by our Safety, Health and Environment (SH&E) Policy, and our performance is measured against specific goals to reduce waste and emissions of greenhouse gases (GHG), nitrogen oxides (NOX) and sulfur dioxide (SO2) by 2025. We also continuously monitor our environmental compliance performance against internal year-over-year improvement targets. To accelerate our performance, we routinely evaluate our environmental management practices to uncover broader opportunities that translate to environmental benefits, better use of our shared resources and reduced operating costs.
Guided by our 2025 sustainability goals and our ambition to achieve net zero by 2050, we took action to make progress on the six material topics under our environmental pillar. We are proud that we have advanced on several of our goals including achieving our waste goal prior to 2025. To better inform our decision-making with a holistic view across all areas of sustainability, in 2022 we expanded our analysis of the interdependencies between the actions needed to address our emissions, energy, water and waste. This integrated approach ensures that we are agile and use resources wisely, taking practical and cost-effective steps with a focus on high-impact, high-reward opportunities over the short- and medium-term to accelerate our actions.