Details Progress in Alignment with Task Force
on Climate-related Financial Disclosures
PITTSBURGH, Aug. 1, 2023
/PRNewswire/ -- Koppers, an integrated global provider of treated
wood products, wood treatment chemicals, and carbon compounds,
today announced the release of its inaugural Climate Report,
prepared in accordance with the Task Force on Climate-related
Financial Disclosures (TCFD), outlining the company's progress on
climate-related disclosures. Developed by the Financial Stability
Board, TCFD is a globally recognized reporting mechanism for
disclosing climate-related risks and opportunities across four
categories: governance, strategy, risk management, and
metrics/targets.
This report supplements Koppers 2022 Corporate Sustainability
Report and details the company's strategic plans to mitigate
climate risk by strengthening resilience and adaptive capacity,
enhancing emissions reduction efforts, and advancing a
climate-forward culture that reduces risks to both our business and
our stakeholders.
"Reporting in alignment with TCFD bolsters our ongoing
commitment to our Sustainability goals in the areas of People,
Planet and Performance. It also represents an important step for
Koppers as we move forward with mitigating the implications of
climate change and bringing additional sustainable opportunities to
our business operations," said Koppers Chief Sustainability
Officer, Leslie Hyde. "Our intent
remains to expand Koppers current level of climate action and
increase transparency with relevant stakeholders, industry peers,
and investors."
Throughout 2022, Koppers made meaningful progress across a
number of climate-related areas including: engaging in its first
climate analysis, which assessed both transition and physical risks
across global operations; realizing a 49.5% reduction in Scope 1
and 2 emissions since 2007; conducting a Scope 3 screening; and
increasing renewable energy consumption.
Koppers will continue to use the TCFD recommendations to inform
its efforts while acknowledging that climate scenario analysis is a
relatively new and rapidly evolving area. As such, while the
company stands behind its initial reporting using the TCFD as a
reporting framework for climate disclosure, it also recognizes that
data, methodology, and scenarios will continue to develop in the
years to come.
The inaugural Koppers Climate Report can be viewed
here.
About Koppers
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated
global provider of treated wood products, wood treatment chemicals,
and carbon compounds. Our products and services are used in a
variety of niche applications in a diverse range of end markets,
including the railroad, specialty chemical, utility, residential
lumber, agriculture, aluminum, steel, rubber, and construction
industries. We serve our customers through a comprehensive global
manufacturing and distribution network, with facilities located in
North America, South America, Australia, and Europe. The stock of Koppers Holdings Inc. is
publicly traded on the New York Stock Exchange under the symbol
"KOP."
For more information, visit: www.koppers.com. Inquiries from the
media should be directed to Ms. Jessica Franklin Black at
BlackJF@koppers.com or 412-227-2025. Inquiries from the investment
community should be directed to Ms. Quynh McGuire at
McGuireQT@koppers.com or 412-227-2049.
For
Information:
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Jessica Black, Manager,
Corporate Communications
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412 227 2025
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BlackJF@koppers.com
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SOURCE Koppers