Report showcases Chemours’ progress toward
achieving Corporate Responsibility Commitment goals through
environmental leadership, sustainable innovation and community
investment
The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry
company with leading market positions in Titanium Technologies,
Thermal & Specialized Solutions, and Advanced Performance
Materials, today announced the sixth edition of its annual
Sustainability Report, outlining the company’s progress toward
meeting its ESG targets through its Corporate Responsibility
Commitment (CRC) goals. The report showcases the company’s global
commitment and collective determination to responsible
manufacturing of essential chemistries and significant—often
industry-leading—progress toward its goals.
Select report highlights from the company’s 2022 operations
include:
- Achieved an overall 30% reduction in Scope 1 and Scope 2
greenhouse gas (GHG) emissions since 2018—reaching the halfway
point of our 2030 goal.
- Reached a 53% reduction in total process fluorinated organic
chemical (FOC) emissions to air and water since 2018—surpassing the
halfway point to our 2030 goal of a 99% reduction.
- Realized approximately 48% of revenue from offerings that make
a specific contribution to the UN SDGs.
- Committed 36% of our $50 million investment in STEM, safety,
and environmental initiatives across our local communities.
- Surpassed our Sustainable Supply Chain goal having assessed
sustainability performance of 90% of our suppliers by 2022.
- Committed to setting official Scope 1, 2, and 3 science-based
targets for approval by the Science-based Targets Initiative
(SBTi).
- Recognized as a “3+” Company by 50/50 Women on Boards™
(50/50WOB), a global education and advocacy campaign driving gender
balance and diversity on corporate boards.
Titled “Essential. Responsible. Chemistry.,” the report
illustrates how Chemours brings to life its commitment to making
chemistry as responsible as it is essential through environmental
leadership, sustainable innovation and community impact while
striving to be the greatest place to work for its 6,600 global
employees.
“At Chemours, sustainability is central to everything we do,”
said Mark Newman, President and CEO of Chemours. “That includes the
products we make. While our chemistries are integral to everyday
life and technologies enabling a new, green economy—from clean
hydrogen and electric vehicles to advanced electronics and durable
infrastructure, and so much more—they must also come with an
unwavering commitment to responsible manufacturing. I’m incredibly
proud of the collective effort of our teams, who have embraced
Chemours’ vision to create a better world through the power of
chemistry.”
“To us, making our chemistry as responsible as it is essential
means setting ambitious goals to back our innovative chemistries
with responsible manufacturing, strict emissions control, and a
focus on improving end-of-life management,” said Dr. Amber Wellman,
Chief Sustainability Officer. “We’re proud of the incredible
progress we’ve made toward our goals, reaffirming our ongoing
support of the United Nations’ Sustainable Development Goals, and
continuing to challenge ourselves to achieve more, going beyond
what’s required to do what’s right.”
Click here to read Chemours’ 2022 Sustainability Report.
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium
Technologies, Thermal & Specialized Solutions, and Advanced
Performance Materials providing its customers with solutions in a
wide range of industries with market-defining products, application
expertise and chemistry-based innovations. We deliver customized
solutions with a wide range of industrial and specialty chemicals
products for markets, including coatings, plastics, refrigeration
and air conditioning, transportation, semiconductor and consumer
electronics, general industrial, and oil and gas. Our flagship
products are sold under prominent brands such as Ti-Pure™, Opteon™,
Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has
approximately 6,600 employees and 29 manufacturing sites serving
approximately 2,900 customers in approximately 120 countries.
Chemours is headquartered in Wilmington, Delaware and is listed on
the NYSE under the symbol CC.
For more information, we invite you to visit chemours.com or
follow us on Twitter @Chemours or LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements, within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, which involve
risks and uncertainties. Forward-looking statements provide current
expectations of future events based on certain assumptions and
include any statement that does not directly relate to a historical
or current fact. The words "believe," "expect," "will,"
"anticipate," "plan," "estimate," "target," "project" and similar
expressions, among others, generally identify "forward-looking
statements," which speak only as of the date such statements were
made. These forward-looking statements may address, among other
things, the outcome or resolution of any pending or future
environmental liabilities, the commencement, outcome or resolution
of any regulatory inquiry, investigation or proceeding, the
initiation, outcome or settlement of any litigation, changes in
environmental regulations in the U.S. or other jurisdictions that
affect demand for or adoption of our products, anticipated future
operating and financial performance for our segments individually
and our company as a whole, business plans, prospects, targets,
goals and commitments, capital investments and projects and target
capital expenditures, plans for dividends or share repurchases,
sufficiency or longevity of intellectual property protection, cost
reductions or savings targets, plans to increase profitability and
growth, our ability to make acquisitions, integrate acquired
businesses or assets into our operations, and achieve anticipated
synergies or cost savings, all of which are subject to substantial
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements.
Forward-looking statements are based on certain assumptions and
expectations of future events that may not be accurate or realized,
such as full year guidance relying on models based upon management
assumptions regarding future events that are inherently uncertain.
These statements are not guarantees of future performance.
Forward-looking statements also involve risks and uncertainties
that are beyond Chemours' control. Matters outside our control,
including general economic conditions and the COVID-19 pandemic,
have affected or may affect our business and operations and may or
may continue to hinder our ability to provide goods and services to
customers, cause disruptions in our supply chains such as through
strikes, labor disruptions or other events, adversely affect our
business partners, significantly reduce the demand for our
products, adversely affect the health and welfare of our personnel
or cause other unpredictable events. Additionally, there may be
other risks and uncertainties that Chemours is unable to identify
at this time or that Chemours does not currently expect to have a
material impact on its business. Factors that could cause or
contribute to these differences include the risks, uncertainties
and other factors discussed in our filings with the U.S. Securities
and Exchange Commission, including in our Quarterly Report on Form
10-Q for the quarter ended March 31, 2023 and in our Annual Report
on Form 10-K for the year ended December 31, 2022. Chemours assumes
no obligation to revise or update any forward-looking statement for
any reason, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230615463918/en/
INVESTORS Kurt Bonner, Manager, Investor Relations
+1.302.773.0026 investor@chemours.com NEWS MEDIA Thom Sueta
Director, Corporate Communications +1.302.773.3903
media@chemours.com
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