Huntsman Publishes 2019 Sustainability Report
"Innovating Toward a Circular Economy: Transform, Reduce Eliminate" demonstrates role company plays in moving to a more sustainable future
THE WOODLANDS, Texas, June 1, 2020 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) has published its 2019 corporate sustainability report titled, "Innovating Toward a Circular Economy: Transform, Reduce Eliminate," on its web site at Huntsman.com/sustainability. The report discusses how Huntsman is adopting a circular mindset in its business.
This GRI-compliant sustainability report includes Huntsman's annual Communication on Progress to the United Nations Global Compact, as well as its first formal materiality assessment and a robust reporting of its environmental, social and governance performance.
"In our operations today, Huntsman is revising manufacturing processes to reduce energy use and CO₂ emissions and to recycle waste byproducts," said Corporate Sustainability Officer Ron Gerrard. "We're also developing new chemistries to use waste as a resource or to eliminate it altogether. In this report, we share how we're already moving from a linear 'cradle-to-grave' approach toward a circular mindset that transforms, reduces and eliminates waste and moves us closer to a more sustainable future.
"We are committed to the principles of the Global Reporting Initiative (GRI) to provide regular, reliable and transparent reporting on our sustainability performance, and continue to look for ways to elevate our sustainability reporting to better meet the needs of our stakeholders."
This is Huntsman's ninth sustainability report since launching its corporate sustainability initiative in 2010.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2019 revenues of approximately $7 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 June 1, 2020