WILMINGTON, Del., July 28, 2021 /PRNewswire/ -- The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials and Chemical Solutions, today announced strong progress towards achieving its long-term sustainability goals with the launch of its annual Corporate Responsibility Commitment (CRC) report. This year's report lays out the work Chemours is doing around the world to deliver against its ten ambitious goals that relate to three pillars—Inspired People, Shared Planet, and Evolved Portfolio—and map to the United Nations Sustainable Development Goals (UN SDGs).
This year's report, titled "Resilient and Responsible," is based on Chemours' 2020 achievements while operating through a challenging year in which the world was rocked by the COVID-19 global pandemic. It highlights actions by the company's 6,500 employees to operate safely and supply essential chemistry during the pandemic, the introduction of a more ambitious climate goal, expanded actions to foster an even more inclusive, equitable and diverse workplace, as well as continued support for the communities and organizations where the company operates.
"The past year challenged every individual in this organization and I'm humbled and grateful for the commitment and courage our employees showed in order to safely serve our customers and support the communities where we operate," said Mark Newman, president and chief executive officer of Chemours. "I'm proud of the progress our team continues to make while delivering our essential chemistry to the world responsibly."
Select report highlights from the company's 2020 operations include:
- Continued progress toward achieving the company's goal to reduce air and water process emissions of fluorinated organic compounds by 99% or more by 2030.
- Published the award-winning EVOLVE 2030 methodology and deployed it to evaluate 40% of the product portfolio with 37.5% of the company's revenue coming from offerings that make a specific contribution to the UN SDGs.
- Released an enhanced emissions reduction goal, committing to reduce scope 1 and scope 2 greenhouse gas (GHG) emissions by an absolute 60% by 2030, putting Chemours on a path to net-zero by 2050.
- Expanded the Future of Chemistry Scholarship (FOCS) globally and into an industry-wide initiative, the Future of STEM Scholars Initiative (FOSSI), supporting underrepresented communities pursuing STEM degrees through scholarships, internships, and leadership development.
- Established the Chemours COVID-19 Community Relief Fund to help protect the safety and health of local communities where Chemours operates. To date, the Fund has supported over 140,000 people in the U.S. alone.
"Four years into our sustainability journey, and in a year of great challenge, we continue to demonstrate that we are a resilient and responsible industry leader," said Sheryl Telford, chief sustainability officer and vice president of environment, health and safety for Chemours. "We are conscious of our impact on the world and unafraid of pushing ourselves to achieve more. Our team is empowered by the understanding that we must continuously improve all aspects of our performance whether environmental or social to meet the needs of our customers, stakeholders, and the world."
Click here to read Chemours' 2020 Corporate Responsibility Commitment report.
About The Chemours Company
The Chemours Company (Chemours or the Company) (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration, and air conditioning, transportation, semiconductor and consumer electronics, general industrial, mining and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Nafion™, Krytox™, Teflon™, and Viton™. In 2019, Chemours was named to Newsweek's list of America's Most Responsible Companies. The company has approximately 6,500 employees and 30 manufacturing sites serving approximately 3,300 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is unknown and to date has included extreme volatility in financial and commodity markets, a significant slowdown in economic activity, and increased predictions of a global recession. The public and private sector response has led to significant restrictions on travel, temporary business closures, quarantines, stock market volatility, and a general reduction in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to limit travel of employees to our business units domestically and internationally, adversely affect the health and welfare of our personnel, significantly reduce the demand for our products, hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and in our Annual Report on Form 10-K for the year ended December 31, 2020. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
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