WILMINGTON, Del., July 28, 2021 /PRNewswire/ -- The Chemours
Company (Chemours) (NYSE: CC), a global chemistry company with
leading positions in Titanium Technologies, Thermal &
Specialized Solutions, Advanced Performance Materials and Chemical
Solutions, today announced strong progress towards achieving its
long-term sustainability goals with the launch of its annual
Corporate Responsibility Commitment (CRC) report. This year's
report lays out the work Chemours is doing around the world to
deliver against its ten ambitious goals that relate to three
pillars—Inspired People, Shared Planet, and Evolved Portfolio—and
map to the United Nations Sustainable Development Goals (UN
SDGs).
This year's report, titled "Resilient and Responsible," is based
on Chemours' 2020 achievements while operating through a
challenging year in which the world was rocked by the COVID-19
global pandemic. It highlights actions by the company's 6,500
employees to operate safely and supply essential chemistry during
the pandemic, the introduction of a more ambitious climate goal,
expanded actions to foster an even more inclusive, equitable and
diverse workplace, as well as continued support for the communities
and organizations where the company operates.
"The past year challenged every individual in this organization
and I'm humbled and grateful for the commitment and courage our
employees showed in order to safely serve our customers and support
the communities where we operate," said Mark Newman, president and chief executive
officer of Chemours. "I'm proud of the progress our team continues
to make while delivering our essential chemistry to the world
responsibly."
Select report highlights from the company's 2020 operations
include:
- Continued progress toward achieving the company's goal to
reduce air and water process emissions of fluorinated organic
compounds by 99% or more by 2030.
- Published the award-winning EVOLVE 2030 methodology and
deployed it to evaluate 40% of the product portfolio with 37.5% of
the company's revenue coming from offerings that make a
specific contribution to the UN SDGs.
- Released an enhanced emissions reduction goal, committing to
reduce scope 1 and scope 2 greenhouse gas (GHG) emissions by an
absolute 60% by 2030, putting Chemours on a path to net-zero by
2050.
- Expanded the Future of Chemistry Scholarship (FOCS) globally
and into an industry-wide initiative, the Future of STEM Scholars
Initiative (FOSSI), supporting underrepresented communities
pursuing STEM degrees through scholarships, internships, and
leadership development.
- Established the Chemours COVID-19 Community Relief Fund to help
protect the safety and health of local communities where Chemours
operates. To date, the Fund has supported over 140,000 people in
the U.S. alone.
"Four years into our sustainability journey, and in a year of
great challenge, we continue to demonstrate that we are a resilient
and responsible industry leader," said Sheryl Telford, chief sustainability officer and
vice president of environment, health and safety for Chemours. "We
are conscious of our impact on the world and unafraid of pushing
ourselves to achieve more. Our team is empowered by the
understanding that we must continuously improve all aspects of our
performance whether environmental or social to meet the needs of
our customers, stakeholders, and the world."
Click here to read Chemours' 2020 Corporate Responsibility
Commitment report.
About The Chemours Company
The Chemours Company
(Chemours or the Company) (NYSE: CC) is a global leader in Titanium
Technologies, Thermal & Specialized Solutions, Advanced
Performance Materials, and Chemical Solutions providing its
customers with solutions in a wide range of industries with
market-defining products, application expertise and chemistry-based
innovations. We deliver customized solutions with a wide range of
industrial and specialty chemicals products for markets, including
coatings, plastics, refrigeration, and air conditioning,
transportation, semiconductor and consumer electronics, general
industrial, mining and oil and gas. Our flagship products
include prominent brands such as Ti-Pure™, Opteon™, Freon™,
Nafion™, Krytox™, Teflon™, and Viton™. In 2019, Chemours was named
to Newsweek's list of America's Most Responsible Companies. The
company has approximately 6,500 employees and 30 manufacturing
sites serving approximately 3,300 customers in approximately 120
countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE
under the symbol CC.
For more information, we invite you to
visit chemours.com or follow us on
Twitter @Chemours or LinkedIn.
Forward-Looking Statements
This press
release contains 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, which involve risks and
uncertainties. Forward-looking statements provide current
expectations of future events based on certain assumptions and
include any statement that does not directly relate to a historical
or current fact. The words "believe," "expect," "will,"
"anticipate," "plan," "estimate," "target," "project" and similar
expressions, among others, generally identify "forward-looking
statements," which speak only as of the date such statements were
made. These forward-looking statements may address, among other
things, the outcome or resolution of any pending or future
environmental liabilities, the commencement, outcome or resolution
of any regulatory inquiry, investigation or proceeding, the
initiation, outcome or settlement of any litigation, changes in
environmental regulations in the U.S. or other jurisdictions that
affect demand for or adoption of our products, anticipated future
operating and financial performance for our segments individually
and our company as a whole, business plans, prospects, targets,
goals and commitments, capital investments and projects and target
capital expenditures, plans for dividends or share repurchases,
sufficiency or longevity of intellectual property protection, cost
reductions or savings targets, plans to increase profitability and
growth, our ability to make acquisitions, integrate acquired
businesses or assets into our operations, and achieve anticipated
synergies or cost savings, all of which are subject to substantial
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements.
Forward-looking statements are based on certain assumptions and
expectations of future events that may not be accurate or realized.
These statements are not guarantees of future performance.
Forward-looking statements also involve risks and uncertainties
that are beyond Chemours' control. In addition, the current
COVID-19 pandemic has significantly impacted the national and
global economy and commodity and financial markets, which has had
and we expect will continue to have a negative impact on our
financial results. The full extent and impact of the pandemic is
unknown and to date has included extreme volatility in financial
and commodity markets, a significant slowdown in economic activity,
and increased predictions of a global recession. The public and
private sector response has led to significant restrictions on
travel, temporary business closures, quarantines, stock market
volatility, and a general reduction in consumer and commercial
activity globally. Matters outside our control have affected our
business and operations and may or may continue to limit travel of
employees to our business units domestically and internationally,
adversely affect the health and welfare of our personnel,
significantly reduce the demand for our products, hinder our
ability to provide goods and services to customers, cause
disruptions in our supply chains, adversely affect our business
partners or cause other unpredictable events. Additionally, there
may be other risks and uncertainties that Chemours is unable to
identify at this time or that Chemours does not currently expect to
have a material impact on its business. Factors that could cause or
contribute to these differences include the risks, uncertainties
and other factors discussed in our filings with the U.S. Securities
and Exchange Commission, including in our Quarterly Report on Form
10-Q for the quarter ended March 31,
2021 and in our Annual Report on Form 10-K for the year
ended December 31, 2020. Chemours
assumes no obligation to revise or update any forward-looking
statement for any reason, except as required by law.
CONTACT:
INVESTORS
Jonathan
Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
investor@chemours.com
NEWS MEDIA
Cassie Olszewski
Media Relations and Financial Communications Manager
+1.302.219.7140
media@chemours.com
MEDIA RESOURCES
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SOURCE The Chemours Company