Dear Chemours stakeholders, associates, and friends,
In a tumultuous year that highlighted the deep connections of people across our global society, Chemours rose to meet the moment, remaining focused on our goals while broadening our view of what corporate responsibility means. Four years into our sustainability journey, we remain a resilient and responsible corporate leader, cognizant of our impacts on the world and unafraid of pushing ourselves to achieve more. As a different kind of chemistry company, our strategy and determination were well suited to meet the demands of such an unusual and challenging year.
The COVID-19 pandemic has called every person and every company to action, and Chemours is proud to have done our part. Guided by our North Star, the health and safety of our employees and their families while supporting our customers, we not only kept our operations running; we contributed essential materials to the fight. Our Glyclean™ Hard Surface Cleaner was approved by the United States Environmental Protection Agency as an effective disinfectant against SARS-CoV-2, the virus that causes COVID-19. But that wasn’t all. Our Nafion™ materials were essential to manufacturing critical respiratory components, and other Chemours chemistries helped to manufacture ventilators, produce PPE, and make COVID-19 testing kits possible.
The social unrest of this year also helped us recognize that we must do more than welcome diversity, we must actively foster it. With that charge in mind, we enacted a zero-tolerance approach toward any racist acts or behaviors, broadened our Safety Obsession value to include psychological safety, enhanced employee education on inclusion, equity and diversity, and expanded our scholarship programs by launching an industry-wide effort to create a more diverse talent pipeline.
To keep our progress going, we’ve made some significant changes. We named Sheryl Telford as our first Chief Sustainability Officer, and under her leadership we’ve improved our emissions reduction goal. We will now reduce our scope 1 and scope 2 greenhouse gas emissions by 60% by 2030. This is an absolute reduction—not intensity—that positions us to reach net-zero operations greenhouse gas emissions by 2050 and continue to contribute to the Paris Climate Agreement goals. And that’s not all. We again renewed our pledge and ongoing support of the 10 principles of the United Nations Global Compact.
Chemours is committed to being in the vanguard of a new era of responsible chemistry, one in which essential chemistry meets essential needs to solve the seemingly unsolvable. All while protecting the planet and its people. It is with enthusiasm and energy that we reaffirm our dedication to our 2030 goals, as Mark Newman succeeds Mark Vergnano as President and CEO. Anchored by the unshakable promise to use Chemours chemistry to improve lives, our journey continues. With transparency as our byword, we invite you to read about our progress.
President and CEO
Chairman of the Board