Ecovyst Issues 2023 Sustainability Report

Rhea-AI Summary

Ecovyst (NYSE: ECVT) released its 2023 Sustainability Report titled 'Advancing the Global Shift Toward Sustainability' on June 25, 2024. The report highlights data on health, safety, environmental sustainability (HSES), greenhouse gas emissions, energy consumption, water usage, and waste management for the year 2023.

CEO Kurt J. Bitting emphasized the company's progress towards sustainability goals through innovative research and development, focusing on reducing greenhouse gas intensity and optimizing energy use with AI and software technology. Ecovyst aims for best-in-class HSES performance and professional development to benefit employees and stakeholders. The report outlines the company's sustainability objectives for 2025 and 2030, reinforcing its commitment to fostering a sustainable economy.

Positive

• Ecovyst is making significant progress in sustainability, as highlighted in their 2023 report.
• The company is investing in cutting-edge research and development to promote a sustainable economy.
• Ecovyst is actively working on reducing greenhouse gas emissions through innovative energy optimization projects.

Negative

• The report outlines future goals for 2025 and 2030, which may indicate long-term rather than immediate impact.
• Details on specific challenges faced in achieving sustainability goals are not extensively covered in the press release.

MALVERN, Pa., June 25, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "company") today announced the release of its 2023 Sustainability Report, "Advancing the Global Shift Toward Sustainability." This report features 2023 data, including HSES, greenhouse gas emissions, energy, water, and waste results. It also reflects the incremental progress the company has made toward achieving its sustainability goals.

"In 2023 we continued to advance our sustainability programs and objectives, building upon our previous accomplishments through our ongoing commitment to continuous improvement. Our cutting-edge research and development process remains focused on innovations that will contribute to continued expansion of the sustainable economy. We are also expanding our efforts to reduce greenhouse gas intensity in our operations and across our value chain through energy optimization projects, software technology, and the application of artificial intelligence," said Kurt J. Bitting, Ecovyst's Chief Executive Officer. "We expect that planned enhancements in our HSES organizations and professional development programs will help us to achieve best-in-class health, safety and environmental performance for the benefit of our employees and our stakeholders. The sustainability goals we have set for 2025 and 2030, which are outlined in the 2023 Sustainability Report, will guide our actions and focus over the next several years. We remain excited about the future and Ecovyst's key role in promoting a cleaner and more sustainable planet."

To read the full 2023 Ecovyst Sustainability Report, please go to: https://www.ecovyst.com/wp-content/uploads/2024/06/Ecovyst-2023-Sustainability-Report.pdf

Please visit our website for more information: https://www.ecovyst.com/sustainability/

About Ecovyst Inc.

Ecovyst Inc. and subsidiaries is a leading integrated and innovative global provider of advanced materials, specialty catalysts and services. We support customers globally through our strategically located network of manufacturing facilities. We believe that our products, which are predominantly inorganic, and our services contribute to improving the sustainability of the environment.

We have two uniquely positioned specialty businesses: Ecoservices provides sulfuric acid recycling to the North American refining industry for the production of alkylate and provides high quality and high strength virgin sulfuric acid for industrial and mining applications. Ecoservices also provides chemical waste handling and treatment services, as well as ex-situ catalyst activation services for the refining and petrochemical industry. Advanced Materials & Catalysts provides finished silica catalysts, catalyst supports and functionalized silicas necessary to produce high performing plastics and to enable sustainable chemistry, and through its Zeolyst joint venture, innovates and supplies specialty zeolites used in catalysts that support the production of sustainable fuels, remove nitrogen oxides from diesel engine emissions, and that are broadly applied in refining and petrochemical processes.

For more information:
Gene Shiels – Director of Investor Relations
(484) 617-1225
gene.shiels@ecovyst.com

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SOURCE Ecovyst Inc.

FAQ

What is the focus of Ecovyst's 2023 Sustainability Report?

Ecovyst's 2023 Sustainability Report focuses on health, safety, environmental sustainability (HSES), greenhouse gas emissions, energy consumption, water usage, and waste management.

When was Ecovyst's 2023 Sustainability Report released?

Ecovyst's 2023 Sustainability Report was released on June 25, 2024.

How is Ecovyst reducing greenhouse gas emissions?

Ecovyst is reducing greenhouse gas emissions through energy optimization projects, software technology, and the application of artificial intelligence.

What are Ecovyst's sustainability goals for 2025 and 2030?

Ecovyst's sustainability goals for 2025 and 2030 focus on achieving best-in-class health, safety, and environmental performance, as well as furthering reductions in greenhouse gas emissions and energy optimization.

What does Ecovyst's 2023 Sustainability Report say about employee benefits?

The report emphasizes enhancing health, safety, and environmental performance to benefit employees and stakeholders through professional development programs.