Sustainability pillars
Improving safety and environment
Sustainability is at the Core of Our Operations
People and process safety
As a responsible operator and reliable supplier, we put safety first. Our goal is to sustain responsible operations by continuously improving our performance, with the ambition to reach zero injuries and harm focusing people safety, process safety and product safety. We continue to pursue improvements in our safety performance, for example, by focusing on leading indicators, emphasizing hazard recognition, and improving incident learning. In 2023, our process safety incident rate was 78% below our 2019 baseline and our OSHA Incident Rate (OIR) was 3% below the 2019 baseline. Our People safety performance continues to rank in the top quartile according to the most recent American Chemistry Council benchmark data.
We are also committed to reducing our carbon footprint and energy consumption. We do this by increasing operational efficiency and increasing the sourcing of renewable energy. 95% of our manufacturing sites have certified Environmental Management Systems (EMS), such as ISO 14001 or RC 14001. Our ISC approach resulted a 1% increase in asset uptime (excluding downtime due to weather events and global supply shortages), yielding approximately $77M in combined reductions in operational and raw material costs.
