NORTHAMPTON, MA / ACCESSWIRE / June 20, 2023 / 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.
CONTACTS:
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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