According to EcoVadis, Scott Bader's sustainability rating has increased to Gold thanks to the implementation of additional measures to report on environmental management, its commitment to reducing emissions by 60% by 2025, and its commitment to be completely carbon neutral by 2028.
JUST ranks the largest publicly traded U.S. companies on the companies’ performance in the following five categories: treatment of workers, communities, customers, shareholders/governance, and environment. PPG has been included on this list since 2018.
According to the report, there is growing consumer demand and regulatory push for bio-based chemicals, materials, polymers, plastics, paints, coatings, and fuels with high performance, good recyclability, and biodegradable properties to underpin a transition towards more sustainable manufacturing and products.
This is the second consecutive year IVL has received this ranking. Factors that increased the company’s score include its ambition to use 16% bio-based and 10% recycled raw materials (rPET) as feedstock by 2030, and safer green chemistry substitutions to reduce toxicity from raw materials and production processes.
Covestro received the highest possible grade A in four out of 10 categories. Covestro's overall score makes it one of 24% of companies in the chemical industry peer group that received such a rating, and rates it higher than the average for this group, which is B-.
Based on data reported through CDP’s 2022 Climate Change questionnaire, Hempel is recognized for addressing the environmental impacts of its business and ensuring good environmental management. Hempel says it is prepared to respond to the increasing demand for environmental transparency from financial institutions, customers, and policymakers.