May 25, 2024

Nouryon 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 highlights include:

• Nouryon delivered strong safety performance: From 2019 to 2023, its process safety incident rate decreased 78 per cent and its OSHA Incident Rate (OIR) decreased three per cent, maintaining the Company’s top quartile people safety performance.
• Expanded portfolio of sustainable solutions: 74 per cent of the Company’s R&D product pipeline was focused on solutions with a sustainability benefit, and 32 per cent 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 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 per cent reduction in total absolute Scopes 1 and 2 GHG emissions between 2019 and 2023. In 2023, 54 per cent of its total electricity consumption was derived from renewable and low-carbon sources, compared to 50 per cent in 2022.
• Recognised 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 five per cent of companies then rated by EcoVadis.
• Nouryon assessed 66 per cent of supplier spend using the EcoVadis platform: This was an increase of six per cent versus the previous year. The Company also continued to evaluate suppliers for Corporate Social Responsibility (CSR) risks resulting in 90 per cent 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.”