Chemours Enhances EVOLVE 2030 Portfolio Sustainability Assessment Methodology
04 Giugno 2024 - 12:45PM
Business Wire
Chemours’ enhanced methodology now includes
product and packaging circularity within its sustainability impact
assessment
The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry
company, today announced the release of EVOLVE 2030 Version 2.0,
the Company’s portfolio sustainability assessment methodology.
EVOLVE 2030 helps Chemours evaluate its product offerings and
product development pipeline in relation to the United Nations
Sustainable Development Goals (UN SDGs). The evaluation criteria
assist Chemours in demonstrating progress against its 2030
Corporate Responsibility Commitment goal to generate 50% or more of
its revenue from offerings that make a specific contribution to the
UN SDGs. The updated methodology now includes considerations on
product and packaging circularity, as well as insights gained from
Chemours’ experience using the methodology over the last four
years.
Chemours’ EVOLVE 2030 methodology uses sustainability
information and insights to inform decisions on its product
portfolio, investments in innovations, and resource allocation.
This data-driven, science-based, and holistic methodology is
designed to maximize the positive impact of Chemours’ products on
society while minimizing their planetary burdens.
"Chemours is driven by our strong commitment to sustainability.
The updated EVOLVE 2030 methodology enhances our ability to align
our business processes with this commitment, allowing us to better
quantify the societal and environmental impacts of our products and
guide our decisions accordingly," said Dr. Amber Wellman, Chief
Sustainability Officer at Chemours. "By incorporating lessons
learned and maintaining our approach of continuous improvement, we
are enabling a future where our products not only meet market needs
but also contribute positively to our shared planet.”
Established in 2019, EVOLVE 2030 is grounded in the World
Business Council for Sustainable Development’s (WBCSD) Chemical
Industry Methodology for Portfolio Sustainability Assessments
(PSA). Chemours evaluates its offerings based on a
Product—Application Combination (PAC) approach, which considers a
product’s benefits and burdens throughout its life cycle, including
its contribution to the UN SDGs and its overall impact – or
"Imprint" – on people and the planet. By examining its products'
contributions to the UN SDGs and their overall impact on society
and the environment, Chemours is strengthening its resolve to steer
its product portfolio to support a more sustainable future.
EVOLVE 2030 was developed in partnership with Anthesis Group, a
global sustainability advisor, and received third-party assurance
from Lloyd’s Register Quality Assurance in 2019 and 2024. Click
here to read Chemours’ EVOLVE 2030 methodology.
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 6,200 employees and 28 manufacturing sites, and
serves approximately 2,700 customers in approximately 110
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 X (formerly Twitter) @Chemours or on 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, our 2030 Corporate Responsibility Commitment goals and
progress towards those goals, and our expectation of meeting market
needs and making positive environmental contributions, 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. 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, geopolitical
conditions and global health events, 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 Annual Report on Form 10-K
for the year ended December 31, 2023, and our Quarterly Report on
Form 10-Q for the quarter ended March 31, 2024. 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/20240604161046/en/
INVESTORS Brandon Ontjes Vice President, Investor
Relations +1.302.773.3300 investor@chemours.com Kurt Bonner,
Manager, Investor Relations +1.302.773.0026 investor@chemours.com
NEWS MEDIA Cassie Olszewski Corporate Media & Brand
Reputation Leader +1.302.219.7140 media@chemours.com
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