Nouryon is a member and signatory of the United Nations Global Compact, the world’s largest corporate sustainability initiative. An international program, it brings companies, UN agencies, and labor and civil society organizations together to support universal principles on human rights, labor, environment, and anticorruption.
We are also a member of the Roundtable on Sustainable Palm Oil (RSPO) and Responsible Care®, and partner with Swedish regional corporate cooperative Hållbar Kemi (Sustainable Chemistry). Furthermore, we are a strategic investor in the Icos Capital Fund III, a fund that supports start-ups, including those focused on software and process technologies for manufacturing in agriculture, food, and chemical industries.
A number of organizations provide independent ratings on our ESG performance. We are proud of the recognition we have received from them.
In 2021, Nouryon was awarded a Gold Rating by Ecovadis, placing us in the top 3% of companies then evaluated by them. EcoVadis is a global provider of business sustainability ratings and is used by Nouryon as well as by many of our customers to track performance in supply chains. The rating comprises four dimensions: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. We consider EcoVadis ratings in our own procurement process. In our role as a supplier, we also provide an annual submission to EcoVadis that includes an extensive questionnaire and evidence of our policies, procedures, actions, and results. More information on EcoVadis and its methodology can be found on its company website.
Nouryon reports transparently and we are proud to share the latest steps in our sustainability journey in this annual Sustainability Report, which includes our ESG fact sheet. We report metrics aligned with the SASB disclosure standards.
In 2021, we voluntarily responded to the Carbon Disclosure Project (CDP) climate questionnaire for the first time. This resulted in a B score, the details of which are available on the CDP website.
In addition, we reported to the Task Force on Climaterelated Financial Disclosures (TCFD) for the first time. The information and data in this report is independently verified, and we engaged ERM Certification and Verification Services to provide limited assurance. As such, the specified 2021 data has been included in the Independent Assurance Statement as an appendix to the report.
We invite you to read more about all of the progress we are making in this report. And, as in previous years, we transparently report relevant data, including a clear overview of our Environmental, Social, and Governance
(ESG) data. Thank you for your interest in Nouryon’s contribution to a