In 2020, we defined our ambitions for each of our priority areas. They look to the future and take a long-term perspective to help us track our progress. They are specific, measurable and time-based. Find out more about our performance in our Sustainability Report.
WE CREATE A SUSTAINABLE FUTURE THROUGH INNOVATIVE CHEMISTRY
Integrate sustainable design solutions into our product development process
Collaborate with our suppliers to accelerate environmental and social improvements
Reduce our impact on the climate and resources through our products
Work inclusively to have a positive impact on people and communities
Reduce our impact on the climate and resources in our operations
Deliver a positive impact in communities where we operate
Be an excellent employer
Zero harm to our people and the environment
We work with a global supply chain of base oil producers and speciality chemicals manufacturers.
With leading research and development capabilities and world class manufacturing facilities, we develop and manufacture a diverse portfolio of chemical additives.
Our formulations are blended into finished products that meet the specifications of equipment manufacturers and support a wide range of industrial and consumer applications
In prior years we have conducted materiality assessments and benchmarking to identify sustainability topics of most concern and importance to our stakeholders. In our 2018 assessment, out of 150 stakeholders providing input, 84% of respondents were internal and 16% were external, comprising customers, OEMs and suppliers. We have also worked with a third party to update and benchmark our materiality assessment.
This process has helped us to identify our priority areas covering the most material topics. We then mapped these topics against the UN’s Sustainable Development Goals (SDG). The UN goals where we feel we can make the greatest impact are SDG 3, 12, 13 and 17. We continue to closely follow and engage with customers, peers and industry standards to update and benchmark our materiality assessment on a regular basis to reflect external trends and the evolving expectations of our stakeholders.
Engaging our stakeholders will be a key focus area in 2024 as we plan to renew our materiality assessment.