Huntsman Publishes 2022 Sustainability Report

Rhea-AI Summary

Huntsman Corporation (NYSE: HUN) has released its 2022 corporate sustainability report, 'Solutions for Sustainability,' showcasing the positive impact of its products on sustainability challenges. The report highlights a 50% collective progress on its Horizon 2025 targets, a 5% decrease in emissions footprint, 20 product safety summaries published, and a reduction in total waste intensity. Huntsman also discloses against the Task Force on Climate-related Financial Disclosures (TCFD) and has received limited assurance from a third party for operational greenhouse gas emissions and water consumption.

Positive

• Huntsman's commitment to sustainability is evident in its significant progress towards its Horizon 2025 targets, the decrease in emissions footprint, and the transparency in its disclosures against TCFD and third-party assurance for operational greenhouse gas emissions and water consumption.

Negative

• None.

THE WOODLANDS, Texas, July 24, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) has published its 2022 corporate sustainability report titled, "Solutions for Sustainability," on its website at Huntsman.com/sustainability. This interactive report highlights the many ways in which Huntsman's products provide essential solutions for sustainability challenges. Huntsman's products enable the removal of hundreds of millions of tons of lifetime emissions. Whether it's energy savings in homes and buildings, the lightweighting of aircraft, supporting the electrification of transportation, enabling wind energy, or improving fuel efficiency, Huntsman products are integrally involved in ensuring a more sustainable world for future generations.

"Sustainability, first and foremost, begins with safe operations. We continue to make progress toward our Horizon 2025 targets," said Brittany Benko, Senior Vice President of Environmental, Health, Safety and Manufacturing Excellence and Corporate Sustainability Officer for Huntsman. "Our focus remains on eliminating both process safety incidents and injuries. We continue to take steps to improve energy and water use efficiency, reduce waste, and reduce greenhouse gas emissions from our operations as we continue to provide sustainable solutions to society." 

Highlights from the report include:

• 50% collective progress on Huntsman's near-term Horizon 2025 targets
• 5% emissions footprint continues to decrease
• 20 product safety summaries published
• Reduction in total waste intensity

Huntsman discloses against the Task Force on Climate-related Financial Disclosures (TCFD), further improving the quality of its disclosures in accordance with both the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) frameworks. Limited assurance has been provided by a third party for operational greenhouse gas emissions (Scope 1 and Scope 2) and water consumption.

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2022 revenues of approximately $8 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 7,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com. 

Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman

Forward-Looking Statements: 
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

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SOURCE Huntsman Corporation

FAQ

What is the title of Huntsman Corporation's sustainability report for 2022?

The title of Huntsman Corporation's 2022 sustainability report is 'Solutions for Sustainability.'

What are some highlights from Huntsman Corporation's sustainability report?

Highlights from the report include a 50% collective progress on Horizon 2025 targets, a 5% decrease in emissions footprint, 20 product safety summaries published, and a reduction in total waste intensity.

What frameworks does Huntsman Corporation disclose against in its sustainability report?

Huntsman Corporation discloses against the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) frameworks in its sustainability report.

Has Huntsman Corporation received third-party assurance for its operational greenhouse gas emissions and water consumption?

Yes, Huntsman Corporation has received limited assurance from a third party for its operational greenhouse gas emissions and water consumption.