Steps to Sustainability

A message from the Vice President of Sustainability

While the industry navigates global challenges and uncertainty, CPChem continues to advance on its sustainability journey by holding focus on its commitments and purpose. Shaped over more than two decades, CPChem’s resilience and business strategy delivers value to stakeholders and enriches global communities.

Our work in sustainability seeks to uplift communities and protect natural habitats. At CPChem, we translate these principles into actions aimed at generating positive impacts in three areas of focus: climate change, the sustainability and circularity of our products, and social responsibility.

Reflecting on 2024, I am proud to share progress and achievements made within each of our focus areas.

Climate Change

In 2024, we saw an acceleration of momentum in companywide efforts to identify, measure and activate projects to lower the carbon intensity of our operations. Last year, CPChem’s marginal abatement cost curve process selected 19 new projects for potential advancement, up from 14 in 2023.

Thanks to the ingenuity and commitment of CPChem employees working in this space, our MACC projects are designed with site-specific strategies and goals tailored to lower emissions intensity and enhance efficiencies. By year-end in 2024, CPChem completed MACC assessments covering 95% of its operated Scope 1 and Scope 2 emissions.

Product Sustainability and Circularity

CPChem remains strongly engaged in enabling circularity. Plastics do not belong in the environment, they belong in the economy, and we need to help unlock the value that plastic waste has as a commodity. Enabling product circularity is crucial to effectively managing plastic waste. In 2024, we strengthened our feedstock network used to produce circular products like CPChem’s Marlex^® Anew™ Circular Polyethylene and successfully renewed ISCC PLUS certification at five facilities.

Although the industry currently faces an absence of regulatory clarity, CPChem closely monitors and participates in Global Plastics Treaty discussions and similar international efforts aimed at addressing plastic pollution and promoting more sustainable practices.

Social Responsibility

Enhancing how CPChem connects with Social Responsibility has illuminated many new and promising pathways for positive change. In 2024, CPChem published the company’s first Human Rights Commitment Statement, reflecting our commitment to respect human rights. Within our walls, we championed health and quality of life, directing $111 million toward wellness and well-being of employees across the globe.

Throughout the organization, we elevated awareness and advanced United Nations Sustainable Development Goals associated with our business. Going a step further, CPChem created and launched Goals for Good, an internal campaign spotlighting the SDG’s positive influences within our company and communities.

These achievements, and the compelling stories featured in this report are a testament to the culture and caliber of my CPChem colleagues. Together, we remain committed to driving innovation, fostering sustainable growth, and delivering value to our stakeholders. Thank you for your continued support and trust in our vision.

Benny Mermans
Vice President of Sustainability