HOUSTON, April 23, 2020 /PRNewswire/ -- Kraton Corporation
(NYSE: KRA), a leading global sustainable producer of specialty
polymers and high-value biobased products derived from pine wood
pulping co-products, announces that it achieved a Gold recognition
medal for its sustainability rating from EcoVadis.
"We are proud to have earned our first-ever EcoVadis Gold
rating," said Nella Baerents, Kraton's Global Sustainability
Director. "This recognition demonstrates our continuous commitment
to sustainability throughout the organization, enabling us to help
meet market demands, advance the bioeconomy, and promote a more
sustainable future through collaboration in the value chain."
Kraton's points score and the resulting Gold rating puts it in
the top 98 percentile of its industry. With more than 6,000
suppliers globally, Kraton's progress on supply chain initiatives
was vital in elevating it to the next level. Kraton's achievements
in 2019 include further deploying the Responsible Procurement:
Making a Positive Difference program to all suppliers in scope
and onboarding them on the EcoVadis platform. The company also
added a corporate social responsibility section to its vendor
performance scorecard, conducted 20 physical audits of suppliers
and manufacturers, and improved the vendor base's risk evaluation
methodology.
"Kraton's Responsible Procurement program is designed to
accelerate environmental and social improvements across our supply
chain in collaboration with key partners," said Suzanne Pesgens,
Kraton's Vice President and Chief Procurement Officer.
"Collectively, we aspire to make an impact through a common goal of
delivering sustainable, useful and competitive solutions to the
market."
More information about Kraton's sustainability initiatives can
be found on kraton.com. The company's 2019 Sustainability Report
will be available soon.
EcoVadis is a global provider of business sustainability
ratings, intelligence and collaborative performance improvement
tools for global supply chains. The EcoVadis platform and
sustainability scorecards provide insight into environmental,
social, and ethical risks across 198 purchasing categories and 155
countries. Their methodology provides a single framework to
evaluate, collaborate and improve sustainability performance to
protect brands, foster transparency and innovation, and accelerate
growth. For more information, visit ecovadis.com.
About Kraton Corporation
Kraton
Corporation (NYSE: KRA) is a leading global sustainable producer of
specialty polymers and high-value biobased products derived from
pine wood pulping co-products. Kraton's polymers are used in a wide
range of applications including adhesives, coatings, consumer and
personal care products, sealants, lubricants, medical, packaging,
automotive, paving and roofing applications. As the largest global
provider in the pine chemicals industry, the company's pine-based
specialty products are sold into adhesives, roads and construction
and tire markets, and it produces and sells a broad range of
performance chemicals into markets that include fuel additives,
oilfield chemicals, coatings, metalworking fluids, lubricants,
inks, flavors and fragrances and mining. Kraton offers its products
to a diverse customer base in numerous countries worldwide.
Kraton and the Kraton logo are all trademarks or
registered trademarks of Kraton Corporation, or its
subsidiaries or affiliates, in one or more, but not all countries.
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements are often characterized by the use
of words such as "believes," "estimates," "expects," "projects,"
"may," "intends," "plans" or "anticipates," or by discussions of
strategy, plans or intentions. The statements in this press
release that are not historical statements, including statements
regarding the Company's ability to deliver sustainable solutions
and their associated impacts to the market are forward-looking
statements. All forward-looking statements in this press release
are made based on management's current expectations and estimates,
which involve known and unknown risks, uncertainties and other
important factors that could cause actual results to differ
materially from those expressed in forward-looking
statements. Forward-looking statements contained herein speak
only as of the date of this press release, and we assume no
obligation to publicly update or revise such forward-looking
statements in light of new information or future events.
Media Contact: Thao Pham; T: (281) 770-1380
Investor Relations Contact: Gene
Shiels; T: (281) 504-4886
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SOURCE Kraton Corporation