STAMFORD, Conn., June 28,
2022 /PRNewswire/ -- Tronox Holdings plc (NYSE: TROX)
("Tronox" or the "Company"), the world's leading integrated
manufacturer of titanium dioxide pigment, today announced the
publication of its 2021 sustainability report: "Brilliant
Transformation." The report details the significant steps taken
over the last year to advance its leadership role in sustainability
and protecting the environment:
- Accelerated its targets to reach carbon neutrality by
2050.
- Entered an agreement for renewable solar energy in
South Africa, which will reduce
Tronox's global GHG emissions intensity approximately 13 percent
from the 2019 baseline.
- Restructured its Board to designate a committee with
specific responsibility for sustainability oversight.
- Aligned with the Task Force on Climate-Related Financial
Disclosures (TCFD) and Sustainability Accounting Standards
Board (SASB) reporting.
"This year, we set new goals and commitments to achieve a
brilliant transformation and empowered our people to seek
opportunities to achieve them," said Melissa Zona, senior vice president, chief
sustainability and human resources officer. "The ESG targets we set
in last year's report were our first public targets and were done
as steps toward achieving carbon neutrality. Just one year later,
we are updating and accelerating these targets, enabled by
successes across the organization."
- Tronox commits to achieve carbon neutrality by 2050. The
Company's initial goal to reduce GHG emissions intensity (compared
to 2019 baseline) by 15% by 2025 has been increased to 35%. The
initial goal of 35% by 2030 has been updated to 50%.
- Tronox intends to reduce the amount of waste that it sends to
landfills by 15% in 2025 and 25% in 2030, with zero waste to
external dedicated landfills by 2050.
- Tronox is targeting a goal of zero injuries, zero incidents,
and zero harm by building capabilities in its people, plants, and
processes.
- Tronox is striving to improve gender balance and diversity of
its workforce, leadership and succession planning in order to build
a workplace that is even more representative of its local
communities and where all people feel valued, represented and
respected.
"Tronox has always been focused on ESG initiatives, taking
responsibility to be a good global citizen," said Jean-François
Turgeon, co-chief executive officer. "We take an integrated
approach to how sustainability supports our priority to grow
our business and to do so in a way that creates lasting
value for all of our stakeholders, while preserving
the privilege to operate every single day."
John D. Romano, co-chief
executive officer, added, "As the largest vertically integrated
titanium dioxide producer, we believe it is our responsibility to
operate with the end in mind. Sustainability and ESG are core to
our business strategy and embedded throughout the organization. We
are proud of the progress we have made this year and will continue
to strive to incorporate sustainability into everything we do at
Tronox."
The 2021 sustainability report is available at
https://www.tronox.com/wp-content/uploads/2022/06/061322_FINAL-1_Sustainability_Report.pdf.
About Tronox
Tronox Holdings plc is one of the world's leading producers of
high-quality titanium products, including titanium dioxide pigment,
specialty-grade titanium dioxide products and high-purity titanium
chemicals; and zircon. We mine titanium-bearing mineral sands and
operate upgrading facilities that produce high-grade titanium
feedstock materials, pig iron and other minerals. With
approximately 6,500 employees across six continents, our rich
diversity, unmatched vertical integration model, and unparalleled
operational and technical expertise across the value chain,
position Tronox as the preeminent titanium dioxide producer in the
world. For more information about how our products add brightness
and durability to paints, plastics, paper and other everyday
products, visit tronox.com.
Cautionary Statement about
Forward-Looking Statements
Statements in this this release that are not historical are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are subject to known and unknown risks,
uncertainties and assumptions about us, may include our
sustainability goals, commitments and programs, projections of our
future financial performance including anticipated synergies based
on our growth and other strategies, anticipated completion of
extensions and upgrades to our mining and operations, anticipated
trends in our business, anticipated costs and benefits of project
newTRON and Atlas Campaspe and the Company's anticipated capital
allocation strategy. These statements are only predictions based on
our current expectations and projections about future events. There
are important factors that could cause our actual results, level of
activity, performance, actual synergies, or achievements to differ
materially from the results, level of activity, performance,
anticipated synergies or achievements expressed or implied by the
forward-looking statements. Significant risks and uncertainties may
relate to, but are not limited to, macroeconomic conditions;
inflationary pressures; political instability, including the
ongoing Russia and Ukraine conflict and any expansion of such
conflict; supply chain disruptions; market conditions and price
volatility for titanium dioxide, zircon and other feedstock
materials, as well as global and regional economic downturns, that
adversely affect the demand for our end-use products; disruptions
in production at our mining and manufacturing facilities; and other
financial, economic, competitive, environmental, political, legal
and regulatory factors. These and other risk factors are discussed
in the Company's filings with the Securities and Exchange
Commission.
Moreover, we operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible for our management to predict all risks and
uncertainties, nor can management assess the impact of all factors
on our business or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from
those contained in any forward-looking statements. Although we
believe the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
level of activity, performance or achievements. Neither we nor any
other person assumes responsibility for the accuracy or
completeness of any of these forward-looking statements. You should
not rely upon forward-looking statements as predictions of future
events. Unless otherwise required by applicable laws, we undertake
no obligation to update or revise any forward-looking statements,
whether because of new information or future developments.
Media Contact: Melissa Zona
+1.636.751.4057
Investor Contact: Jennifer
Guenther +1.646.960.6598
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SOURCE Tronox Holdings plc