Subjects: Corporate Social Responsibility, Award
Hexion Ranks Among Top Three Companies in North American Chemical Sector in latest ESG Assessment from Moody's ESG Solutions
Hexion Inc. has recently received an improved environmental, social and governance (ESG) Assessment score of 51 out of 100 from Moody's ESG Solutions1, an ESG data and assessments provider. This ranks Hexion among the top three companies in the North American chemical sector, up one place from Moody's ESG Solutions' prior ESG Assessment.
Moody's ESG Solutions' ESG Assessments measure the extent to which a company is managing ESG-related risks and opportunities and equips leaders with data and insights needed to make more sustainable decisions.
"This recognition underscores our commitment to furthering social responsibility and sustainability as an essential part of how we do business," said Craig Rogerson, Chairman, President and Chief Executive Officer, Hexion. "We are delighted to be ranked so highly for the second consecutive year and remain committed to continued improvement in our overall sustainability efforts."
Hexion's updated ESG Assessment is among the company's most recent sustainability and corporate responsibility achievements. For example, in 2021, the Company committed to reducing absolute carbon emissions by 20 percent by 2030. This commitment encompassed "Scope 1" and "Scope 2" emissions, which are direct and indirect greenhouse emissions from operations and consumed energy. Hexion is also reviewing its "Scope 3" emissions, which are those associated with all other aspects of it business. Last year, Hexion also received its first ENERGY STAR® Partner of the Year award, one of the highest honors bestowed by the United States Environmental Protection Agency's ENERGY STAR program, in recognition of its waste reduction and energy efficiency initiatives. Hexion also joined the United Nations (UN) Global Compact, the world's largest voluntary corporate sustainability initiative in 2021.
To learn more about Hexion's sustainability goals, visit https://www.hexion.com/en-US/company/responsibility/sustainability/.
About Hexion Inc.
Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc. and its products is available at www.hexion.com.
1 This ESG Assessment was originally conducted by V.E, which is now part of Moody's ESG Solutions
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