Sustainable Innovation To Create a Better Circle - Eastman

Rhea-AI Summary

Eastman, a century-old materials company, is taking significant steps to address the plastic waste crisis and combat climate change. The company has committed to recycling over 50 million pounds of plastic waste by 2030, aiming to create an endless loop of reusable products. This initiative is expected to reduce carbon footprint by 20%-30% compared to using raw fossil feedstock.

Eastman's sustainability efforts, dubbed 'A Better Circle', focus on giving new life to plastic waste and partnering with other companies to create more sustainable solutions. The company emphasizes that sustainability is no longer optional but a necessity in today's world. Eastman is leveraging its decades of expertise to meet customer demands while prioritizing environmental responsibility.

Positive

• Commitment to recycle over 50 million pounds of plastic waste by 2030
• Potential to reduce carbon footprint by 20%-30% compared to using raw fossil feedstock
• Century-long expertise in creating quality materials
• Partnerships with other companies to address the plastic waste crisis

Negative

• None.

News Market Reaction

-1.58%

1 alert

-1.58% News Effect

On the day this news was published, EMN declined 1.58%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Eastman

NORTHAMPTON, MA / ACCESSWIRE / August 1, 2024 / At Eastman, sustainability is no longer an option. It's a must.

We are working nonstop to create a better planet. Find out how: https://www.eastman.com/en/sustainability

We take pride in creating quality materials that consumers are confident using. For over a century, we have put our best foot forward to meet demands and exceed the expectations of customers worldwide.

But with the threat of climate change, we knew we had to do more.

With decades of expertise, we have the responsibility of solving the plastic waste crisis. We are giving new life to plastic waste to create an endless loop of new products that can be used over and over again.

As a result, we can decrease the carbon footprint by 20%-30% compared to using raw fossil feedstock while diverting plastic waste from polluting our ecosystems. By 2030, we are committed to recycling over 50 million pounds of plastic waste.

Our commitment doesn't stop there. We are actively working and partnering with other companies to face this plastic waste crisis and create a more sustainable life for everyone - together.

At Eastman, we have a vision for "A Better Circle" - in other words, a better planet for all.

To learn about our commitment to help solve the plastic waste crisis, visit https://www.eastman.com/en/sustainability

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View additional multimedia and more ESG storytelling from Eastman on 3blmedia.com.

Contact Info:
Spokesperson: Eastman
Website: https://www.3blmedia.com/profiles/eastman
Email: info@3blmedia.com

SOURCE: Eastman

View the original press release on accesswire.com

FAQ

What is Eastman's (EMN) commitment to recycling plastic waste by 2030?

Eastman (EMN) has committed to recycling over 50 million pounds of plastic waste by 2030 as part of their sustainability initiative.

How much can Eastman (EMN) reduce carbon footprint through its recycling efforts?

Eastman (EMN) states that their recycling efforts can decrease carbon footprint by 20%-30% compared to using raw fossil feedstock.

What is Eastman's (EMN) sustainability initiative called?

Eastman's (EMN) sustainability initiative is called 'A Better Circle', which aims to create a better planet for all through sustainable innovation and recycling efforts.

How is Eastman (EMN) addressing the plastic waste crisis?

Eastman (EMN) is addressing the plastic waste crisis by recycling plastic waste to create new products, partnering with other companies, and committing to recycle over 50 million pounds of plastic waste by 2030.