Message from our Chairman and CEO

Growing and Contributing to a Sustainable Future

I am pleased to present Nouryon’s 2021 Sustainability Report and our progress as your partner in essential solutions for a sustainable future. At Nouryon, sustainability is about long-term thinking and achieving growth. We do this by:

  • continuously improving our safety and environmental performance,
  • growing and innovating our essential solutions that help our customers be more sustainable, and
  • engaging and partnering with our employees, customers, suppliers and society to drive sustainable progress.

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As a leading global specialty chemicals company that is well-positioned for ongoing growth, we continue to make progress through our strong partnerships, and we believe that collaboration is key to our future success. We work closely with customers and other partners to innovate, make strategic investments, and deliver sustainable solutions that answer society’s needs – today and in the future.

Sustainability is integral to everything we are and do – from our research and development to our operations – day in and day out. We understand that many of our customers also care deeply about our planet and its future. Therefore, we are continually innovating to develop more sustainable products. In fact, 71% of our R&D pipeline is focused on solutions with sustainability benefits. This ultimately helps our customers, our environment, our communities, and our Company. In 2021, amidst a challenging operating environment, we earned revenue of $4.917 billion, an increase of 17% year-over-year, and 38% of this revenue came from our Eco-Premium-Solutions1.

38%

of revenues from Eco-Premium Solutions

71%

of our R&D pipeline is focused on solutions with sustainability benefits

Top-quartile

people safety performer

B Rating 2021

Climate Change

We are pleased to report that Nouryon achieved  recordbreaking safety performance people and process safety performance. Our recordable injury rate declined by 25% and our process safety rate declined by 23% in 2021 as compared to the prior year. Furthermore, from 2018 through 2021, we reduced our OSHA incident rate by 49% and reduced our process safety incident rate by 74%. We also continued to build an inclusive and diverse workforce at many levels of our Company, including 36% gender and racial/ethnic diversity representation on our Board of Directors.

We are making good progress in the early stages of our decarbonization strategy. We set new 2030 targets to reduce absolute greenhouse gas (GHG) emissions (Scope 1 & 2) by 40%, total waste intensity by 10%, and water consumption intensity by 10%, versus a 2019 baseline. By 2050, we aspire to be a net zero organization.

Our track record has earned us a Gold Rating by EcoVadis, placing Nouryon in the top 3% of companies then assessed by the global sustainability ratings provider. In addition, in 2021, we voluntarily provided responses to the Carbon Disclosure Project (CDP) climate questionnaire resulting in a first-time score of B for Climate Change.

I invite you to read more about all of the progress we are making in our Sustainability Report. And, as in previous years, we transparently report relevant data, including a clear overview of our Environmental, Social, and Governance (ESG) data on pages 76-78.

Thank you for your interest in Nouryon’s contribution to a sustainable future.

Charlie Shaver, Chairman and CEO

Highlights 2021

Our track record has earned us a Gold Rating by EcoVadis, placing Nouryon in the top 3% of companies assessed by the global sustainability ratings provider. In addition, in 2021, we voluntarily provided responses to the Carbon Disclosure Project (CDP) climate questionnaire resulting in a fi rst- time score of B for Climate Change.

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