Nouryon Releases Its 2023 Sustainability Report

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. Nouryon is a specialty chemicals provider.

Nouryon delivered strong safety performance: From 2019 to 2023, its process safety incident rate decreased 78% and its OSHA Incident Rate (OIR) decreased 3%. It maintains Nouryon's top-quartile people safety performance.

Expanded portfolio of sustainable solutions: 74% of Nouryon's R&D product pipeline was focused on solutions with a sustainability benefit. 32% of 2023 revenue was derived from Nouryon's portfolio of Eco-Premium Solutions. 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 ISCC PLUS certification 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: Nouryon 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 an A- score from CDP and a Gold rating from EcoVadis: Nouryon was awarded an A- score for global climate leadership from CDP. It is in recognition of the company's progress in implementing current best practices in sustainability targets, value chain engagement, and opportunity disclosures. Nouryon was also awarded an EcoVadis Gold rating. This places it in the top 5 percent of companies then rated by EcoVadis.

Nouryon assessed 66% of suppliers spend using the EcoVadis platform: This was an increase of 6% versus the previous year. Nouryon also continued to evaluate suppliers for Corporate Social Responsibility (CSR) risks resulting in 90% of supplier spending being assessed using the EcoVadis Risk IQ tool. Additionally, the company joined Together for Sustainability (TfS). It is a global coalition of 53 chemical companies dedicated to improving sustainability practices across the chemical industry.

Transparent Approach to Data Disclosure

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).

'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.'

'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.'

Source: Nouryon