Sustainability at CPChem

At CPChem, sustainability is an important part of our company culture. As a global leader in petrochemicals and plastics production, we support efforts aimed at reducing plastic waste and lowering emissions through innovation and continuous improvement.

In 2024, CPChem continued to work toward achieving the following aspirational sustainability targets:

• Lowering carbon intensity
  In 2022, we introduced a 2030 aspirational target to reduce our carbon intensity by 15% compared to a 2020 baseline, while implementing lower-carbon growth projects and optimizing our processes and operations. Our path to achieving this carbon intensity target relies on access to emerging technologies and lower carbon energy sources. These interdependencies in turn require an accommodative regulatory landscape to foster competitiveness. While we have progressed key areas such as efficiency improvements and flare reductions through our Marginal Abatement Cost Curve process, other enabling factors have been impacted as the regulatory backdrop has evolved. These impacts form part of our continuous evaluation of the pathway to achieving our carbon intensity goals.
• Increasing circular product production
  In 2020, we introduced an aspirational target to produce1 billion pounds of Marlex^® Anew™ Circular Polyethylene annually by 2030, reflecting our drive to enable a circular economy and end plastic waste. In furtherance of this target, our 2024 efforts included research and technology development, exploration of processing capabilities, engagement in new strategic ventures and execution of feedstock agreements. However, developments in the legislative and regulatory environment are also needed to provide clarity on demand outlook and available production pathways. Supportive legislation and regulation help drive investments in emerging technologies and grow the circular value chain. These factors inform our ongoing assessment of the pathway to achieving our circularity goals.

Strategy and Focus Areas

Our sustainability strategy is grounded in three primary focus areas, each with unique challenges and opportunities for innovative change that can contribute to a more sustainable future.

CPChem’s Sustainability Focus Areas

Climate Change

Climate change is a challenge of global scale and a core element of our sustainability strategy. Our workforce is active and aligned in pursuit of lower emissions, improving process efficiencies and exploring opportunities in renewable energy and emerging technologies.

Product Sustainability and Circularity

CPChem is dedicated to advancing product sustainability and circularity through circular products like CPChem’s Marlex^® Anew™ Circular Polyethylene. This product helps support the transition to a circular economy and exemplifies our efforts helping customers achieve their sustainability objectives. Additionally, we proudly participate in worldwide efforts and collaborative projects that work to protect the environment and curb plastic waste.

Social Responsibility

Above all else, CPChem prioritizes the safety of its people, operations and neighboring communities. We champion employee health and wellness and sponsor professional development opportunities to elevate our workforce. Guided by our Code of Conduct, we do our part to respect human rights and practice responsible sourcing. We support philanthropic initiatives to enrich the lives of employees, customers and stakeholders.