Danimer Scientific Publishes 2021 Environmental, Social and Governance Report
February 02 2022 - 8:00AM
Business Wire
Inaugural report details company’s dedication
to economic prosperity and environmental health by aligning with
United Nations Sustainable Development Goals
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.
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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
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