Materials innovator releases 2020 sustainability report and announces 2030 commitments
KINGSPORT, Tenn., Dec. 1, 2020 /PRNewswire/ — Eastman (NYSE:EMN) announced ambitious 2030 sustainability commitments Tuesday in tandem with the publication of its 2020 sustainability report. The report highlights the company’s commitment to sustainable innovation and establishes goals to address three difficult, long-term and potentially devastating challenges that will affect our rapidly growing population: climate change, the plastic waste crisis and social inequities.
“Through process, systems and material innovations, we can create solutions that help to solve the climate and plastic waste crises while introducing products to market to care for an ever-growing population,” said Mark Costa, Eastman Board Chair and CEO. “We think of it as innovating for A Better Circle.”
As a materials innovator, Eastman is uniquely positioned to address these challenges and to help create solutions that serve everyone. Through this Better Circle approach, the company intends to:
Mitigate climate changeEastman has a responsibility to continuously improve its operational footprint. The company supports the Paris Agreement and in alignment with it, Eastman is committing to achieve carbon neutrality by 2050.
2030 commitment:
Mainstream circularityEastman is contributing to a circular economy. For Eastman, that means keeping plastic waste out of landfills and the environment through recycling innovations that convert waste to materials thereby reducing the use of fossil feedstocks.
2030 commitments:
Care for societyEastman’s business begins and ends with people. By working from the inside out to ensure its employee population mirrors the world’s population in its diverse make-up and aligning its external partnerships and support with its key impact areas, Eastman will contribute to creating a more equitable society.
2030 commitments:
As part of the company’s dedication to achieving its 2030 commitments, Eastman has released its 2020 sustainability report. The report is a transparent look into progress the company made on its 2020 goals and a roadmap of how it intends to achieve its 2030 agenda.
“Our sustainability strategy builds on the progress we achieved in pursuit of our previous targets,” Costa said. “We have gained crucial insights into how sustainability paired with innovation will drive our transformation to a specialty materials company, and we are committed to advancing both environmental and social practices across our corporation and within our communities, reporting our progress annually.”
The company’s 2020 sustainability report is available now. To view the full report and learn more about Eastman’s 2030 commitments to creating A Better Circle, visit eastman.com/sustainabilityreport.
About EastmanFounded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2019 revenues of approximately $9.3 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit eastman.com.
Media Inquiries:Laura Mansfield, APR, Tombras+1 (865) 599.9968 / lmansfield@tombras.com
Brad Lifford, Eastman+1 423-229-6543 / blifford@eastman.com
Investors:Greg Riddle, Eastman+1 212-835-1620 / griddle@eastman.com
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