Materiality Assessment

Materiality Assessment

We conducted a materiality assessment in 2019, with the support of an independent consulting firm. The assessment identified health and safety in all aspects of our operations and climate change, including energy use and greenhouse gas (GHG) emissions, as issues of key importance to our business.

In 2024, in line with Corporate Sustainability Reporting Directive requirements, we will complete a new Double Materiality Assessment that includes assessing sustainability-related impacts, risks, and opportunities

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Engaging with Our Stakeholders

Making progress on our sustainability commitment involves continual engagement with our stakeholders. These include our customers, suppliers, employees and candidates, communities, including governments, as well as potential investors. Below are some highlights from 2023

  • Sustainability targets aligned with our growth strategy
  • Carbon Business Strategy and Roadmap to reduce GHG emissions
  • Close collaboration between key account managers and strategic customers
  • Ratings questionnaires including CDP and EcoVadis
  • Member of the United Nations Global Compact
  • Substantial offering of products with sustainability benefits
  • 13 Innovation and Application Centers around the world and robust R&D product pipeline focused on sustainability benefits
  • ISCC PLUS certification for green monochloroacetic acid (MCA) production
  • Supplier key account management
  • Supplier commitment to Business Partner Code of Conduct
  • Supplier of the Year Awards Program
  • EcoVadis assessments of a percentage of our core suppliers
  • Access to third-party audits and industry best practices through Together for Sustainability (TfS)
  • Supplier engagement program requesting product carbon footprints
  • Scope 3 green raw material alternative market intelligence and ISCC PLUS supporting strategy
  • Conflict-minerals risk assessment and due diligence
    Modern-slavery and forced labor risk assessment
  • Regular communication between CEO and Senior Leadership Team with employees
  • Leadership Capabilities Framework and regular dialogue between managers and employees
  • Ensuring a living wage - we successfully completed a Global Living Wage analysis for 70% of our direct manufacturing population
  • Social dialogue with employee representative bodies in relevant countries
  • Five employee-led Business Resource Groups (BRGs)
  • Internship and Mentorship programs
  • Learning and Development– both in person and online
  • Annual Safety Day and Nouryon Cares initiative including volunteer opportunities for employees
  • Employer Brand
  • SpeakUp! Hotline and Non Retaliation Policy
  • Open-to-Public programs across China sites and Bring Your Family to Work day in the Netherlands
  • Inspirational chemistry project in local schools, Sweden
  • Philanthropy and volunteerism initiatives around the world, including:
    - Our partnership with Philadelphia Eagles and Eagles Autism Foundation in the US
    - Supporting Vatsalya Trust Balikashram orphanage in Mumbai, India
    - Donating vital laboratory equipment to a local college serving underprivileged rural communities near our Mahad site in India
    - School supply donations in the US, including Fill the Bus school supply drive and Kids In Need Foundation
  • Sustainability-related risk management approach
  • Equity analyst and lender engagement via meetings, earnings calls, and conferences
  • Responding to ratings agencies, credit rating agencies
  • Annual financial results published on our website
  • Quarterly results shared with our lenders
  • Task Force on Climate-related Financial Disclosures (TCFD)
  • Closing acquisition of ADOB to expand offering in crop nutrition

Learn more - Nouryon's sustainability pillars

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