Sustainability Report 2019
The traditional model of production and management of resources, products and services promotes short-term consumption. And that leads to a lot of waste. A circular economy moves away from the traditional “take, make and dispose” economic model to one that is regenerative by design. The goal is to retain as much value as possible from resources, products, parts and materials to create a system that allows for longer life, optimal reuse, refurbishment, remanufacturing and recycling. It presents a huge potential for global economic growth and will help move society toward a sustainable future.
Huntsman is working to incorporate circularity into our manufacturing processes to make our operations more sustainable. One of the ways we’re doing this is by reducing waste, recycling it and finding better ways to not create it in the first place. We’re also developing new technologies to transform waste into something of value.
In this year’s report, we highlight some of the ways our circular mindset is helping us to transform, reduce and eliminate waste. In addition to our annual United Nations Global Compact Communication on Progress, this year we introduce our first formal materiality assessment.