Materiality

In 2024, we conducted a materiality assessment to identify and assess sustainability matters that are important to our business and stakeholders. Our method for performing materiality assessments and identifying key topics for sustainability reporting relies on voluntary frameworks and best practices.

As a result of completing business model analyses, value chain mapping, global research and extensive dialogue with stakeholders, we identified 14 topics most significant to our stakeholders and business. These topics were vetted by a cross-departmental engagement team and endorsed by CPChem leadership.

Priority Topics

Materiality assessments improve the quality of our reports and guide our sustainability goals, as these evaluations uncover risks and opportunities while also measuring potential impacts on our strategy and business. CPChem performs a materiality assessment every three to five years and engages various stakeholder groups to gain insights into their unique perspectives on social, environmental, and governance issues, including employees, communities, governmental proxies, suppliers and customers, and non-governmental organizations. These 14 topics reflect perceived impacts on people and the planet, as well as risks or opportunities to our business, determined by internal and external stakeholder groups.