TAGS: Sustainability / Natural Coatings
Momentive Performance Materials (Momentive) releases its 2022 sustainability report highlighting many of the company’s innovative solutions contributing to a more sustainable future and its progress toward achieving 2025 sustainability goals.
Solutions for a Sustainable World
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Sustainability is core to everything we do at Momentive,” said Sam Conzone, Momentive president and chief executive officer, PhD. “
This is why Solutions for a Sustainable World™ is our tagline. We are delivering solutions that not only improve and strengthen our customers’ products, but also empower them to perform more sustainably. Our relentless dedication to sustainable product-based innovation will help society evolve while reducing our impacts on the planet.”
The report provides an overview of the company and its sustainability journey and highlights Momentive’s recent commitment to the Science-Based Target Initiative (SBTi) and Carbon Disclosure Project (CDP).
As a signatory to the United Nations Global Compact (UNGC) since 2021, this report also demonstrates Momentive’s commitment to upholding the UNGC’s Ten Principles in the areas of human rights, labor standards, the environment and anti-corruption, working within their sphere of influence to encourage broader support.
It is Momentive’s third Communication on Progress (COP) indicating the company’s activities and management systems in support of the UNGC principles.
Highlights toward Reaching 2025 Sustainability Goals
In 2020, Momentive set 2025 sustainability goals and the highlights toward reaching the goals include:
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Enhancing the company’s environmental footprint reduction from base year 2019 through continued progress on site-based sustainability plans
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Decreasing total waste generated more than 30 percent from baseline
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Recycling more than 95 percent of water
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Obtaining 22 percent of energy from renewable sources, a 4 percent year-over-year increase
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Earning a Gold EcoVadis supply chain rating, putting Momentive in the top 5% in the chemical manufacturing industry
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In 2022, we made great progress on sustainability commitments, which is a testament to the impact of our strategy, our people and our ability to collaborate with stakeholders internally and externally,” added Conzone. “
Momentive will continue to drive innovations that deliver Solutions for a Sustainable World™, that align with our 2025 Sustainability Goals, that solve our customers’ challenges and that help protect our planet for years to come.”
Source: Momentive Performance Materials