Huntsman Brightens the Horizon with 2021 Sustainability Report
THE WOODLANDS, Texas, July 21, 2022 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) has published its 2021 corporate sustainability report titled, "Brightening the Horizon: Enabling Sustainability," on its website at Huntsman.com/sustainability. The interactive HTML report highlights many of the ways Huntsman products offer critical solutions to today's most pressing sustainability challenges.
"As a chemical manufacturer and solutions provider, Huntsman's sustainability journey starts within our own operations. However, the impact our products have toward enabling a carbon-neutral society tells a much bigger story," said Brittany Benko, Senior Vice President of Environmental, Health, Safety and Manufacturing Excellence and Corporate Sustainability Officer for Huntsman. "Our solutions make homes and buildings more energy efficient, reduce fuel demand for transportation on the ground and in the sky, enable alternative energy solutions, increase the durability of materials to reduce waste, and make our customers' processes more energy and water efficient. In a word, we are enabling sustainability."
Highlights from the report include:
- 55% collective progress on Huntsman's near-term Horizon 2025 targets
- 65% improvement in water usage in water-stressed areas
- 40% reduction in overall emissions intensity rate since 2019
- 750 million tons of lifetime emissions avoided each year through our innovative emissions-reducing solutions
New to the 2021 Sustainability Report, Huntsman discloses against the Task Force on Climate-related Financial Disclosures (TCFD), further improving the quality of its disclosures in accordance with both the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) frameworks. Limited assurance has been provided by a third party for operational greenhouse gas emissions (Scope 1 and Scope 2) and water consumption.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2021 revenues of approximately $8 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Certain information in this release constitutes 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. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
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SOURCE Huntsman Corporation
Released July 21, 2022