Our Guiding Principles
Our bold 2030 goals require us to act both collectively and individually, harnessing our global reach and individual power together to pull us toward a world of responsible chemistry. But we must have a shared set of guidelines to shape our journey. Those are our guiding principles.
Our Corporate Responsibility Issue Assessment
Our corporate responsibility issue assessment (also known as a sustainability materiality assessment) helps us recognize and assess the environmental, social, and governance (ESG) topics that influence the judgment and decisions of—or have an impact on—our internal and external stakeholders. We use the results of the issue assessment as critical input for our responsible growth strategy to identify and manage the ESG opportunities and risks aligned with what is most important to our stakeholders and to our company’s success.
We work with third-party experts to conduct formal issue assessments every two to three years. Our most recent assessment was completed in early 2019 using the following three-step process:
Step 1: Identify Issues —We review and audit priority issues reported in the industry and compare them with our corporate risk assessment to ensure all relevant topics have been captured from a materiality and/or risk and opportunity perspective.
Step 2: Prioritize Issues —We use a multipronged approach of surveys and interviews to prioritize identified issues, considering both the potential impact on stakeholder decisions and the impact on our businesses. The results of the external and internal assessments are then combined to build the prioritization matrix.
Step 3: Validate and Act —The Chemours executive team reviews and approves the final issue-assessment results. This information informs our strategies, goals, and ongoing engagement and disclosure practices.
We defined three levels of action and disclosure based on the importance of the issues to our stakeholders, both internal and external. Through our 2019 issue assessment, we identified nine ESG issues prioritized for action; you can find them below.