WILMINGTON, Del., April 15, 2021 /PRNewswire/ -- The Chemours
Company (NYSE: CC), a global chemistry company with leading
positions in Titanium Technologies, Thermal & Specialized
Solutions, Advanced Performance Materials and Chemical
Solutions, today announced its ambitious goal to achieve net
zero greenhouse gas emissions by 2050. Chemours is driving to
achieve a 60% absolute reduction of operations-related greenhouse
gas emissions by 2030, putting the company on the path to net zero
greenhouse gas emissions by 2050. The company also announces the
appointment of Sheryl Telford as
Chief Sustainability Officer to lead its end-to-end sustainability
effort.
According to Chemours president and chief executive officer
Mark Vergnano, "Businesses like
Chemours have an opportunity to help build a more sustainable
future. Our more ambitious greenhouse gas emission goal, along with
our other Corporate Responsibility Commitments, reflect our
strategy to grow our business responsibly and sustainably. It's
good for business and good for the planet."
Chemours is using a holistic approach to address direct
emissions from operations (Scope 1) and indirect emissions from
electricity and other energy sources (Scope 2). To address Scope 1
emissions, the company will continue to enhance emissions control
technologies at its manufacturing sites and drive energy efficiency
improvements across its operations, reducing the volume of
greenhouse gas emissions and energy use. To address Scope 2
emissions, Chemours will increase the amount of electricity and
other energy generated from renewable sources.
The company is also in the process of defining goals related to
indirect emissions from its value chain (Scope 3) and will announce
them at a later date. Achieving net zero greenhouse gas emissions
will require significant collaboration in both the public and
private sectors to deliver technological innovation and government
policies that enable and incent the transition to a greener
economy.
Chemours has a variety of product offerings that aid the fight
against climate change. They include OpteonTM low global
warming potential (GWP) refrigerants for mobile and stationary
uses, TeflonTM fluoropolymers that are critical to
emissions control, energy efficiency and the electrification of
vehicles, and Ti-Pure™ titanium dioxide enables highly reflective
surfaces to maximize use of electric or solar energy in
applications such as photovoltaic backsheets and reflective films
in electronics and maintaining surfaces cool for efficient and
reduced energy consumption such as in roofing membranes and
protective films. Another Chemours product, NafionTM ion
exchange membrane, is at the center of the hydrogen economy. Nafion
enables the scalable production of hydrogen via electrolysis and
use of hydrogen as a fuel source in heavy duty transport, passenger
vehicles, and material handling. Not only will Chemours be doing
its part to reduce its operational impact but its products will be
helping other companies and governments do the same.
Sheryl Telford Appointed Chief Sustainability Officer
Chemours today announces the appointment of Sheryl Telford to the newly created position of
Chief Sustainability Officer. "Sheryl has been central to Chemours
sustainability efforts and I am delighted to have her in the Chief
Sustainability Officer role. She will lead our efforts to embed
sustainability into every aspect of how we operate, making it an
integral part of the Chemours culture," Vergnano said.
A respected and trusted industry expert, Telford has more than
three decades of experience in the environmental, safety and health
fields in the government, utility and chemistry sectors. She joined
Chemours upon its creation in 2015 as Director, EHS and Remediation
before being named vice president, environment, health, safety and
corporate responsibility in 2018.
In her new role, Telford will also play a central role in
establishing strategic collaborations and partnerships with
external experts, companies, industries and organizations to
advance Chemours sustainability efforts and advocate for
sustainable, science-based policy and regulation.
About The Chemours Company
The Chemours Company (Chemours or the Company) (NYSE: CC) is a
global leader in Titanium Technologies, Thermal & Specialized
Solutions, Advanced Performance Materials, and Chemical Solutions
providing its customers with solutions in a wide range of
industries with market-defining products, application expertise and
chemistry-based innovations. We deliver customized solutions with a
wide range of industrial and specialty chemicals products for
markets, including coatings, plastics, refrigeration, and air
conditioning, transportation, semiconductor and consumer
electronics, general industrial, mining and oil and gas. Our
flagship products include prominent brands such as Ti-Pure™,
Opteon™, Freon™, Nafion™, Krytox™, Teflon™, and Viton™. In 2019,
Chemours was named to Newsweek's list of America's Most Responsible
Companies. The company has approximately 6,500 employees and 30
manufacturing sites serving approximately 3,300 customers in
approximately 120 countries. Chemours is headquartered in
Wilmington, Delaware and is listed
on the NYSE under the symbol CC.
For more information, we invite you to
visit chemours.com or follow us on
Twitter @Chemours or LinkedIn.
Forward-Looking Statements
This press release contains 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, which involve
risks and uncertainties. Forward-looking statements provide current
expectations of future events based on certain assumptions and
include any statement that does not directly relate to a historical
or current fact. The words "believe," "expect," "will,"
"anticipate," "plan," "estimate," "target," "project" and similar
expressions, among others, generally identify "forward-looking
statements," which speak only as of the date such statements were
made. These forward-looking statements may address, among other
things, the outcome or resolution of any pending or future
environmental liabilities, the commencement, outcome or resolution
of any regulatory inquiry, investigation or proceeding, the
initiation, outcome or settlement of any litigation, changes in
environmental regulations in the U.S. or other jurisdictions that
affect demand for or adoption of our products, anticipated future
operating and financial performance for our segments individually
and our company as a whole, business plans, prospects, targets,
goals and commitments, capital investments and projects and target
capital expenditures, plans for dividends or share repurchases,
sufficiency or longevity of intellectual property protection, cost
reductions or savings targets, plans to increase profitability and
growth, our ability to make acquisitions, integrate acquired
businesses or assets into our operations, and achieve anticipated
synergies or cost savings, all of which are subject to substantial
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements.
Forward-looking statements are based on certain assumptions and
expectations of future events that may not be accurate or realized.
These statements are not guarantees of future performance.
Forward-looking statements also involve risks and uncertainties
that are beyond Chemours' control. In addition, the current
COVID-19 pandemic has significantly impacted the national and
global economy and commodity and financial markets, which has had
and we expect will continue to have a negative impact on our
financial results. The full extent and impact of the pandemic is
unknown and to date has included extreme volatility in financial
and commodity markets, a significant slowdown in economic activity,
and increased predictions of a global recession. The public and
private sector response has led to significant restrictions on
travel, temporary business closures, quarantines, stock market
volatility, and a general reduction in consumer and commercial
activity globally. Matters outside our control have affected our
business and operations and may or may continue to limit travel of
employees to our business units domestically and internationally,
adversely affect the health and welfare of our personnel,
significantly reduce the demand for our products, hinder our
ability to provide goods and services to customers, cause
disruptions in our supply chains, adversely affect our business
partners or cause other unpredictable events. Additionally, there
may be other risks and uncertainties that Chemours is unable to
identify at this time or that Chemours does not currently expect to
have a material impact on its business. Factors that could cause or
contribute to these differences include the risks, uncertainties
and other factors discussed in our filings with the U.S. Securities
and Exchange Commission, including in our Annual Report on Form
10-K for the year ended December 31,
2020. Chemours assumes no obligation to revise or update any
forward-looking statement for any reason, except as required by
law.
CONTACT:
INVESTORS
Jonathan
Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
investor@chemours.com
NEWS MEDIA
Thomas
Sueta
Director, Corporate Communications
+1.302.773.3903
media@chemours.com
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SOURCE The Chemours Company