Nouryon releases 2023 Sustainability Report highlighting progress in advancing portfolio of sustainable solutions as well as improved safety and environmental performance
May 23 2024 - 8:00AM
Nouryon, a global specialty chemicals leader, published its
fifth annual sustainability report themed, ‘Essential Solutions,
Sustainable Future,’ highlighting the advancements in its portfolio
of sustainable solutions in addition to its safety and
environmental performance. The report details the significant
strides Nouryon took during the year to deliver on its purpose:
Your partner in essential solutions for a sustainable future.
Key 2023 highlights include:
- Nouryon delivered strong safety performance: From 2019
to 2023, its process safety incident rate decreased 78% and its
OSHA Incident Rate (OIR) decreased 3%, maintaining the Company’s
top quartile people safety performance1.
- Expanded portfolio of sustainable solutions: 74% of the
Company’s R&D product pipeline2 was focused on solutions with a
sustainability benefit, and 32% of 2023 revenue was derived from
Nouryon’s portfolio of Eco-Premium Solutions3. Key sustainable
solutions launched in the year include antimicrobial active
Triameen® Y12D, Kromasil® 100A diC4 spherical silica, Berol® Nexxt
surfactant, and Dissolvine® GL Premium chelating agent.
Additionally, Nouryon achieved the International Sustainability and
Carbon Certification standard ISCC PLUS for green monochloroacetic
acid (MCA) production at its Delfzijl site in the Netherlands.
- Nouryon advanced environmental performance through
greenhouse gas (GHG) emissions reduction and the transition to
energy from renewable sources: The Company achieved a 14%
reduction in total absolute Scopes 1 and 2 GHG emissions between
2019 and 2023. In 2023, 54% of its total electricity consumption
was derived from renewable and low-carbon sources, compared to 50%
in 2022.
- Recognized for global climate leadership with A- score from
CDP and a Gold rating from EcoVadis: Nouryon was awarded an A-
score for global climate leadership from CDP, in recognition of the
Company’s progress in implementing current best practices in
sustainability targets, value chain engagement, and opportunity
disclosures. The Company was also awarded an EcoVadis Gold rating,
placing it in the top 5 percent of companies then rated by
EcoVadis.
- Nouryon assessed 66% of supplier spend using the EcoVadis
platform: This was an increase of 6% versus the previous year.
The Company also continued to evaluate suppliers for Corporate
Social Responsibility (CSR) risks resulting in 90% of supplier
spend being assessed using the EcoVadis Risk IQ tool. Additionally,
the Company joined Together for Sustainability (TfS), a global
coalition of 53 chemical companies dedicated to improving
sustainability practices across the chemical industry.
“At Nouryon, our ability to adapt and innovate for our
customers, and collaborate closely with other business partners,
has served as a foundation for our leading safety, sustainability,
and financial performance within our industry,” said Charlie
Shaver, Chairman and CEO of Nouryon. “Our dedicated efforts last
year resulted in progress across multiple areas of our
sustainability commitment, including top-quartile safety
performance, the continued reduction of greenhouse gas emissions,
and the expansion of our sustainable solutions portfolio.”
The report reflects Nouryon’s transparent approach to data
disclosure and includes metrics with reference to GRI and in
alignment with SASB disclosure standards. Additionally, the Company
has reported to the Task Force on Climate-related Financial
Disclosures (TCFD).
“We are pleased with the sustainability progress that we have
outlined in our most recent report,” said Vivi Hollertt, Nouryon
Chief Sustainability and Communications Officer. “We appreciate the
close partnerships with our customers, suppliers, and other
business partners, as well as the contributions from colleagues
around the world that advanced our progress over the past years. We
are proud of the climate leadership recognition we received from
CDP and for being in the top 5 percent of companies then rated by
EcoVadis.”
More information on the company’s sustainability progress can be
found in the full report, the Sustainability data sheet and
dedicated Sustainability section of the Company
website.
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About Nouryon Nouryon is
a global, specialty chemicals leader. Markets and consumers
worldwide rely on our essential solutions to manufacture everyday
products, such as personal care, cleaning goods, paints
and coatings, agriculture and food, pharmaceuticals, and building
products. Furthermore, the dedication of approximately 8,200
employees with a shared commitment to our customers, business
growth, safety, sustainability and innovation has
resulted in a consistently strong financial performance. We operate
in over 80 countries around the world with a portfolio of
industry-leading brands. Visit our website and
follow us @Nouryon and on LinkedIn.
Not for publication – for more informationMedia Relations
T: +31 20 899 1510E: emily.parenteau@nouryon.com Contact: Emily
Parenteau
1 Based on annual Occupational Safety and Health Administration
(OSHA) recordable injury rates versus chemical industry peers in
the American Chemistry Council.2 The scope of the Eco-Solutions
metric includes all active New Product Introduction projects in
stages 3 (creation), or 4 (scale-up), and excludes stages 1
(screening), 2 (feasibility), and 5 (launch and monitor).3
Eco-Premium Solutions are products that offer significant
sustainability benefits over mainstream alternatives in the market
while providing the same or better functionality.
- 2023 Nouryon Sustainability Report Cover