Sustainability Report 2023

Making Wellness a Priority

Your journey to wellness (icon)

CPChem U.S. employees can take advantage of “Your Journey to Wellness,” a program designed to help improve physical and financial well-being while earning reimbursements and cash incentives for participating in preventative care activities. In 2023, we enhanced this program and expanded opportunities to earn rewards through actions like completing a health screening, financial wellness activity and participating in a regional step challenge.
SDG #3, Good Health and Well-being

More Family Time

In 2019, CPChem introduced a Parental Leave program that provided two weeks of paid leave for employees to bond with their newborn or newly adopted child. In 2021, this leave was doubled to four weeks. As part of ongoing efforts to provide competitive Total Rewards, we again increased the duration of this leave in 2023, and eligible employees are now offered up to six weeks of Paid Parental Leave.

Additionally in 2023, CPChem was named by Newsweek as one of America’s Greatest Workplaces for Parents and Families.

A portrait of Andrew Mills (Photo)

“The time was priceless. My wife and I treasured moments with our newly adopted daughter, and we celebrated watching her thrive. CPChem’s family leave and adoption reimbursement benefits gave us peace of mind and space while we formed new memories and enjoyed the expansion of our family.”

Andrew Mills (he/him), Heavy Olefins Commercial Manager
Parental Leave Utilization

Total Employees

 

228

Total Female

 

35

Total Male

 

193

Return to work rate from 2022 (still employed through 2023)

 

90%

Retention rate from 2022 (12 months after returning to work)

 

87%

Total Rewards Program

At CPChem, the well-being of our employees and their families is paramount. We offer a robust and competitive Total Rewards package designed to enhance the well-being of employees and their families. We constantly evaluate and explore opportunities that enhance this program to remain competitive in attracting and retaining top talent. Benefits and rewards vary by position and location.
SDG #3, Good Health and Well-being

Total Rewards Program Highlights
Health
  • Medical, behavioral health, prescription drug, dental and vision plans
  • Company-paid life insurance, long-term disability insurance, accidental death and personal loss (AD&PL) insurance and business travel accident insurance
  • Healthcare and dependent care flexible spending accounts, with company contribution to Health Savings accounts
  • Optional additional life and AD&PL coverage, critical illness insurance and group legal plan
  • Gender affirming and transgender-inclusive health care coverage
Wealth
  • Bonus, salary increase and recognition programs
  • Company-paid employee assistance, financial planning and healthcare advocacy services
  • Pension plan for most employees
  • Flexible Benefits Program
Career
  • Educational assistance/tuition reimbursement
  • Relocation assistance
Family and Community
  • Flexible work arrangements, including a hybrid work-from-home model at many locations
  • 9/80 and 4/10 work schedules at many locations
  • Matching charitable gifts for higher education and qualified nonprofit organizations
  • MyDay, a floating holiday benefit, provides U.S. based employees the flexibility to self-select a day of cultural, religious or personal significance to observe as a paid day off
  • Paid leave programs including vacation, parental leave, volunteer leave and short-term disability
  • Family formation support, including infertility treatment and in-vitro fertilization
A collage of two pictures. One shows an employee in front of a machine. The other one showing a construction in the water at sunset

Social Responsibility

Social Responsibility
A collage of two pictures. One shows an employee in a communication center with a walkie-talkie. The other one shows the top view of a container ship in a loading area

Performance Data Tables

Performance Data Tables

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