Chevron Phillips Chemical releases 2023 Sustainability Report

THE WOODLANDS, Texas--(BUSINESS WIRE)--Chevron Phillips Chemical today published its 2023 Sustainability Report, a comprehensive document that showcases the company’s efforts and notable achievements in its journey to advance sustainability. Titled Stepping Up, the organization’s 13^th sustainability report reflects the purpose, people and progress of CPChem’s global business in working to address key environmental, social and governance (ESG) matters.

“The stories featured in the 2023 report illustrate CPChem’s strides in advancing sustainability over the past year,” said Steve Prusak, CPChem’s president and CEO. “We believe infusing ESG efforts within CPChem’s foundational elements like award-winning safety performance and a diverse employee culture can enrich our sustainability strategy and prime our business to perform in all business climates.”

Stepping Up presents several highlights from 2023:

• Top 10% in industry for Total Recordable Incidence Rate (0.08)
• Top 25% in sustainability scores amongst industry peers rated by EcoVadis
• Doubled spend supporting diversity of supplier network (compared to 2022)
• Zero plastic loss from CPChem facilities
• 100% employee engagement in newly launched sustainability sessions
• 350+ potential carbon reduction opportunities identified

The report also outlines CPChem’s sustainability ambitions and offers compelling examples of innovation and creativity driving progress toward these targets. CPChem’s three sustainability focus areas - climate change, product sustainability and circularity, and social responsibility - experienced significant developments since the organization’s previous report, a testament to the high caliber of its employees.

“The trajectory of our sustainability journey reflects an alignment of shared values within our company culture,” said Benny Mermans, vice president of sustainability. “Stepping Up brings to view the energy and expertise leveraged by our workforce to accelerate our sustainability efforts in 2023, and I am enormously proud of these achievements and the future we are building together.”

Prepared in accordance with the Global Reporting Initiative Standards, CPChem's 2023 Sustainability Report is available to view and download on the company’s website at: www.cpchem.com/report.

About Chevron Phillips Chemical

“Chevron Phillips Chemical” includes Chevron Phillips Chemical Company LLC and its wholly owned subsidiaries. Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, polyethylene piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own nearly $20 billion in assets, including 32 manufacturing and research facilities in six countries. Chevron Phillips Chemical is owned equally by Chevron U.S.A., Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com and follow us on social media: @chevronphillips.

“Chevron Phillips Chemical” or “CPChem” may refer to one or more Chevron Phillips Chemical’s subsidiaries or affiliates or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.