COLUMBUS, Ohio - (November 1, 2023) – Hexion Inc. announced today that EcoVadis, a global sustainability ratings provider, awarded Hexion silver-medal status for its sustainability commitment and results. The award recognizes companies that have demonstrated outstanding sustainability performance, and a Silver Medal places Hexion in the 89th percentile of all rated companies.
EcoVadis is a leading global standard for business sustainability ratings, evaluating more than 85,000 companies globally. EcoVadis ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement.
“Our EcoVadis rating reflects another important milestone in our sustainability strategy as we significantly increased our ranking for the fourth consecutive year,” said Michael Lefenfeld, President and Chief Executive Officer. "We were pleased that our efforts to continually improve our sustainability programs has been recognized with both an increase in our overall rating, and increases in the environment, ethics, and labor and human rights subcategories. We remain focused on driving impactful sustainability initiatives that position Hexion as a partner of choice for our customers.”
“The strides we’ve made within our EcoVadis ranking highlights our ongoing commitment to operate our business responsibly and to our associates, customers, the communities where we operate,” said Stephanie Couhig, Senior Vice President Environmental Health & Safety and Chief Sustainability Officer. “For several years, we’ve closely aligned our sustainability strategy with the United Nations’ Sustainable Development Goals and we are committed to continuous improvement in all facets of our sustainability initiatives.”
The EcoVadis rating is the latest in a series of notable sustainability achievements for Hexion, including achieving International Sustainability and Carbon Certification (ISCC) PLUS certification at Hexion’s Baytown, Texas site. Earlier this year, Hexion was also named an ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency for Sustained Excellence in Energy Management. In addition, since 2021, Hexion has been committed to the UN Global Compact Corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption, and has reported annually on its progress.
Hexion has detailed its overall sustainability progress in its recently-released Sustainability Report, Building and Protecting the Future Using Innovative Science Today.
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of growing populations and respond to a changing climate. Learn more about Hexion and its sustainability commitment at www.hexion.com
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