PITTSBURGH, Dec. 12,
2023 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:
KOP), an integrated global provider of treated wood products, wood
treatment chemicals and carbon compounds, has been named as
one of America's Most Responsible Companies
by Newsweek magazine for the fourth consecutive
year in 2024. Koppers ranked No. 124 out of 600 finalists and
No. 13 out of 51 companies in the Materials & Chemicals
category.
"Koppers is proud to again earn a space on this impressive list
– a testament to the ongoing strength of our sustainability
strategy, guided by our values of People, Planet and Performance,"
said Leslie Hyde, Koppers Senior Vice President and Chief
Sustainability Officer. "We have continued to take significant
steps to embed sustainability more deeply across all aspects of our
business operations and achieve a growing sense of ownership among
employees at all levels. We thank our 2,100 global employees whose
work drives our accomplishments."
In 2023, Koppers released its annual Corporate Sustainability
Report along with its first-ever Task Force on Climate-Related
Financial Disclosures (TCFD) Report. Highlights outline how
Koppers:
- Improved safety performance, with a 5 percent reduction in
total recordable incident rate;
- Expanded investment in career growth and continuing education
opportunities for employees through Koppers College;
- Reduced greenhouse gas emissions by 49 percent since the
baseline year of 2007, nearly achieving the company's goal of a 50
percent reduction by 2030 well ahead of schedule;
- Processed and repurposed nearly 1.7 million end-of-life
railroad track ties as the only North American wood tie
manufacturer with a complete circularity solution;
- Pursued sustainable end-uses for our enhanced carbon products,
including a patented process to produce a coal tar pitch with low
impurity content that has the potential to serve the emerging
electric vehicle (EV) and lithium-ion (Li-ion) battery markets
globally; and
- Achieved record financial results in 2022, with sales of
$1.98 billion.
Newsweek partnered with Statista to compile the list
based on a vetting process that included research from publicly
available key performance indicators and an independent survey
among U.S. citizens. The initial analysis focused on a pool of
2,000 of the largest U.S.-based public companies based on revenue.
The 2024 list recognized the 600 most responsible companies in the
U.S. from across 14 industries.
The full list can be viewed here. To learn more about Koppers
Sustainability efforts, visit the company's most recent
Sustainability Report 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, Australasia, 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.
Safe Harbor Statement
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and may include, but are not limited to,
statements about sales levels, acquisitions, restructuring,
declines in the value of Koppers assets and the effect of any
resulting impairment charges, profitability and anticipated
expenses and cash outflows. All forward-looking statements involve
risks and uncertainties.
All statements contained herein that are not clearly historical
in nature are forward-looking, and words such as "outlook,"
"guidance," "forecast," "believe," "anticipate," "expect,"
"estimate," "may," "will," "should," "continue," "plan,"
"potential," "intend," "likely," or other similar words or phrases
are generally intended to identify forward-looking statements. Any
forward-looking statement contained herein, in other press
releases, written statements or other documents filed with the
Securities and Exchange Commission, or in Koppers communications
and discussions with investors and analysts in the normal course of
business through meetings, phone calls and conference calls,
regarding future dividends, expectations with respect to sales,
earnings, cash flows, operating efficiencies, restructurings, the
benefits of acquisitions, divestitures, joint ventures or other
matters as well as financings and debt reduction, are subject to
known and unknown risks, uncertainties and contingencies.
Many of these risks, uncertainties and contingencies are beyond
our control, and may cause actual results, performance or
achievements to differ materially from anticipated results,
performance or achievements. Factors that might affect such
forward-looking statements include, among other things, the impact
of changes in commodity prices, such as oil and copper, on product
margins; general economic and business conditions; disruption in
the U.S. and global financial markets; potential difficulties in
protecting our intellectual property; the ratings on our debt and
our ability to repay or refinance our outstanding indebtedness as
it matures; our ability to operate within the limitations of our
debt covenants; potential impairment of our goodwill and/or
long-lived assets; demand for Koppers goods and services;
competitive conditions; interest rate and foreign currency rate
fluctuations; availability and costs of key raw materials;
unfavorable resolution of claims against us, as well as those
discussed more fully elsewhere in this release and in documents
filed with the Securities and Exchange Commission by Koppers,
particularly our latest annual report on Form 10-K and any
subsequent filings by Koppers with the Securities and Exchange
Commission. Any forward-looking statements in this release speak
only as of the date of this release, and we undertake no obligation
to update any forward-looking statement to reflect events or
circumstances after that date or to reflect the occurrence of
unanticipated events.
For
Information:
|
Jessica Black, Manager,
Corporate Communications
|
|
412 227 2025
|
|
BlackJF@koppers.com
|
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SOURCE Koppers Holdings Inc.