Danimer Scientific Publishes 2021 Environmental, Social and Governance Report

Rhea-AI Summary

Danimer Scientific (NYSE: DNMR) released its 2021 Environmental, Social and Governance (ESG) Report, emphasizing its commitment to sustainable bioplastics. The report aligns with the United Nations Sustainable Development Goals and highlights key initiatives including significant industry collaborations and a responsible supply chain. Over 97% of materials used are sourced from sustainable suppliers. Additionally, Danimer is focused on diverse hiring practices and has strong board oversight. CEO Stephen Croskrey reiterated the company's dedication to environmental and economic prosperity.

Positive

• Aligned with United Nations Sustainable Development Goals to promote sustainable practices.
• More than 97% of materials sourced from sustainable suppliers.
• Active participation in the U.S. Plastics Pact’s Roadmap to 2025.
• Commitment to diverse hiring initiatives, benefiting local communities.

Negative

• None.

Inaugural report details company’s dedication to economic prosperity and environmental health by aligning with United Nations Sustainable Development Goals

BAINBRIDGE, Ga.--(BUSINESS WIRE)-- Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” of the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today released its 2021 Environmental, Social and Governance (“ESG”) Report to share information regarding Danimer’s impact on environmental, health and safety outcomes as part of its mission to develop sustainable alternatives for the more than 500 billion pounds of plastic applications produced annually around the world.

Danimer aligns its mission and strategies with the United Nations Sustainable Development Goals, which are focused on supporting local communities, investing in innovation and promoting sustainable manufacturing. The ESG Report provides an in-depth overview of the Company’s progress on these fronts, including:

• Industry Collaborations, such as Danimer’s role in helping to launch the U.S. Plastics Pact’s Roadmap to 2025, which unites stakeholders across the plastics value chain behind national strategies and coordinated initiatives to address plastic waste at its source
• Supply Chain Responsibility, with more than 97% of Danimer’s materials currently from suppliers that have sustainability policies and programs in place
• Sustainable Shipping, as Danimer packages its sustainable product in pallets constructed of at least 80% recycled materials that can be easily re-used or recycled by its customers
• Diverse Hiring Initiatives, including Danimer’s employment of a wide range of professionals from various backgrounds, often hiring from the local communities in the U.S. where its facilities are based
• Board Oversight, with Danimer’s Board of Directors, 75% of whom are independent of the Company, having oversight of internal systems to uphold its code of ethics, data security and risk management

Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, said, “Our stakeholders are well aware of how the products we make support our mission of developing sustainable alternatives to traditional plastic. We also want to ensure they understand how our entire operation is dedicated to supporting environmental and economic prosperity. Our ESG Report provides a transparent view into our efforts across our organization, from supplier and customer partnerships to hiring initiatives.”

Click here to visit the Danimer Scientific website for more information and to view the Company’s 2021 ESG Report.

About Danimer Scientific

Danimer is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films and injection-molded articles, among others. Danimer holds more than 390 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information, visit www.DanimerScientific.com.

Forward-Looking Statements

Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company's customers; the Company's ability to implement its business strategy, including, but not limited to, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers, as well as consumer demand for our products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company's ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, our information systems; the ability of our information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; our ability to properly maintain, protect, repair or upgrade our information technology systems or information security systems, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220202005164/en/

For Danimer:

Investors

ir@danimer.com

Phone: 229-220-1103

Media

Anthony Popiel

apopiel@daltonagency.com

Phone: 404-876-1309

Source: Danimer Scientific, Inc.

FAQ

What is the significance of Danimer's 2021 ESG Report for investors in DNMR?

The ESG Report outlines Danimer's commitment to sustainability and responsible practices, which can enhance brand value and attract socially conscious investors.

How does Danimer Scientific contribute to environmental sustainability?

Danimer focuses on developing biodegradable materials, aiming to reduce plastic waste and aligns its efforts with global sustainability goals.

What percentage of Danimer's materials comes from sustainable sources?

Over 97% of Danimer's materials are sourced from suppliers with sustainability policies.

What initiatives are highlighted in Danimer's ESG Report?

Key initiatives include industry collaborations, supply chain responsibility, sustainable shipping, and diverse hiring practices.

How does Danimer's board support its sustainability efforts?

75% of Danimer's Board of Directors is independent and oversees internal systems to uphold the company's code of ethics and risk management.