Celanese Releases 2023-2024 Sustainability Report and Index
November 19 2024 - 8:00AM
Business Wire
Celanese Corporation announced the publication of its 2023-2024
Sustainability Report, The Chemistry of Change, and its
complementary 2023-2024 Sustainability Index. This year’s report
underscores the company’s expansion of its lower-carbon footprint
solutions that support evolving customer needs, commitment to
driving innovation across its businesses and supply chains, and
efforts to build on its emissions tracking and reporting
capabilities. The associated index provides a comprehensive view of
resources and disclosures, including alignment with sustainability
frameworks, policies, practices, and metrics.
“Chemistry is key to helping us unlock and solve many of the
sustainability challenges the world is facing today,” said Lori
Ryerkerk, Celanese chair, chief executive officer and president.
“Our team has been implementing solutions to reach our own business
and sustainability goals and to equip our customers with products
that can help them reach their goals. As we reflect on this year’s
accomplishments, we are motivated by the sustainable growth
opportunities that we believe will continue to benefit generations
to come.”
Celanese advanced its commitment to sustainability across four
strategic pillars:
Advancing Safe and Sustainable Customer Solutions
- Launching a carbon capture and utilization (CCU) project
at its Clear Lake, Texas, facility, through its Fairway Methanol
joint venture with Mitsui & Co, Ltd., to use recycled CO2 to
help reduce the carbon footprint of its products.
- Becoming the first company to receive the International
Sustainability and Carbon Certification (ISCC) Carbon Footprint
Certification (CFC) for its low-carbon CCU methanol.
- Partnering with Under Armour® to bring the first
commercialized product containing NEOLASTTM, a more sustainable
spandex-alternative fiber for performance stretch fabrics, to
customers.
- Consolidating Life Cycle Assessment (LCA) data into a
centralized system with updated sources for more accessible and
consistent data.
Preserving the Environment
- Integrating the legacy DuPont Mobility & Materials
(M&M) facilities into its 2021 and 2022 environmental data
and re-establishing its 2021 baselines to reflect the combined
business.
- Updating its water risk assessment process to
incorporate additional tools and further evaluate opportunities to
mitigate water risk across its facilities.
- Developing methodologies for quantifying Scope 3 GHG
emissions for additional relevant categories of Celanese
operations.
Investing in People and Communities
- Investing in technical training through an expanded
collection of live and online resources to support knowledge
transfer, capability building, and professional skill
development.
- Increasing Employee Resource Group (ERG) memberships
significantly by integrating the legacy M&M employees into its
network, adding 10 new chapters, and establishing a new employee
interest group focused on wellness.
- Establishing a five-year stewardship improvement
strategy to strengthen its approach for protecting the health
and safety of its employees and contractors.
Operating with Integrity
- Initiating a double materiality assessment aligned with
the Corporate Sustainability Reporting Directive (CSRD) to better
understand its sustainability-related impacts, risks, and
opportunities.
- Leveraging a new digital assessment tool to increase
transparency along the value chain through the analysis of supplier
impacts against social and environmental regulations.
- Being governed by a female CEO and Chair and female
Lead Independent Director in addition to 40% of Board members
and 33% of senior leadership being female.
"I continue to be proud of our progress and dedication to
strategic sustainability priorities that we have established," said
Darren Hubbard, Celanese senior director, sustainability. “From our
growing portfolio of sustainable solutions for customers, to our
digital transformation journey, and our ongoing goal to report
meaningful disclosures, I believe our efforts will lead to a more
sustainable future not just for Celanese, but for our customers,
shareholders, and the communities where we live and work.”
The report and index align with the Sustainability Accounting
Standards Board (SASB) Chemicals Sector Standard, the Task Force on
Climate-Related Financial Disclosure and the United Nations
Sustainable Development Goals (UN SDGs). Additionally, these
materials leverage the Global Reporting Initiative (GRI) Standards
to inform disclosures and evaluate impacts on the economy,
environment and people.
Both the 2023-2024 Sustainability Report and Index are available
at Celanese.com.
About Celanese
Celanese is a global leader in chemistry, producing specialty
material solutions used across most major industries and consumer
applications. Our businesses use our chemistry, technology and
commercial expertise to create value for our customers, employees
and shareholders. We support sustainability by responsibly managing
the materials we create and growing our portfolio of sustainable
products to meet customer and societal demand. We strive to make a
positive impact in our communities and to foster inclusivity across
our teams. Celanese is a Fortune 500 company that employs
approximately 12,400 employees worldwide with 2023 net sales of
$10.9 billion.
Forward-Looking Statements
This release may contain “forward-looking statements,” which
include information concerning the company’s plans, objectives,
goals, future revenues, financial performance, expected future
costs and other information that is not historical information.
When used in this release, the words “outlook,” “forecast,”
“estimates,” “expects,” “anticipates,” “projects,” “plans,”
“intends,” “believes,” and variations of such words or similar
expressions are intended to identify forward-looking statements.
All forward-looking statements are based upon current expectations
and beliefs and various assumptions. There can be no assurance that
the company will realize these expectations or that these beliefs
will prove correct. There are a number of risks and uncertainties
that could cause actual results to differ materially from the
forward-looking statements contained in this release. Numerous
factors, many of which are beyond the company’s control, could
cause actual results to differ materially from those expressed as
forward-looking statements. These factors include the inability to
obtain regulatory approvals of the transaction and satisfy
conditions on the proposed terms and schedule and the possibility
that the transaction does not close. Certain of these risk factors
are discussed under the heading “Risk Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2023,
and other filings with the Securities and Exchange Commission. Any
forward-looking statement speaks only as of the date it is made,
and the Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date the statement is made or to reflect the occurrence of
anticipated or unanticipated events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20241118482510/en/
Investor Relations Bill Cunningham +1 972 443 4730
william.cunningham@celanese.com
Media Relations – Global Brian Bianco +1 972 443 4400
media@celanese.com
Media Relations – Europe (Germany) Petra Czugler +49 69
45009 1206 petra.czugler@celanese.com
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