Global chemical manufacturer Venator earns coveted gold recognition, marking a significant advancement from previous year.
WYNYARD, UK, Dec. 22, 2023 /PRNewswire/ -- Venator Materials PLC ("Venator" or the "Company"), announced today that it has achieved a Gold Medal from EcoVadis, the world's most trusted provider of business sustainability ratings. This recognition marks a significant improvement from the preceding year's Silver Medal accolade, showcasing Venator's commitment to sustainability and environmental stewardship.
EcoVadis is the global standard for business sustainability ratings. The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. More than 85,000 companies globally have been rated by EcoVadis. Venator's elevation to a Gold Medal reflects the company's enhanced performance in these critical areas, positioning it among the top 4% of companies rated globally.
Rob Portsmouth, Senior Vice President Sustainability and EHS stated, "We are immensely proud of this recognition, which underscores Venator's steadfast commitment to sustainability excellence and shows how deeply embedded our commitment to sustainability is in everything we do, from initial product design, right through to our stewardship of energy management on our sites. The Gold Medal award is the result of key steps we have taken towards our sustainability targets focussed on people, products, planet and performance, with specific projects in each area to move our business forward. Over the coming months, we will be working hard to further increase our score in the 2024 assessment."
EcoVadis' business sustainability 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 ratings provide an evidenced-based analysis on performance and an actionable roadmap for continuous improvement.
The EcoVadis Gold Medal is testament to Venator's efforts and dedication to sustainable practices, exemplifying the company's strategic initiatives and policies aimed at minimizing environmental impact across its entire operation.
About Venator
Venator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. We market our products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments and timber treatment businesses. Based in Wynyard, U.K., Venator employs approximately 2,800 associates and sells its products in more than 106 countries.
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For more information about Venator and its sustainability initiatives, visit www.venatorcorp.com
Cautionary Statement Concerning Forward-Looking Statements
References in this press release to information should not be construed as a characterization regarding the materiality of such information to our financial results or under U.S. securities laws or regulations. While certain matters discussed in this press release may be significant, any significance should not be read as necessarily rising to the level of materiality used for the purposes of complying with U.S. securities laws and regulations. Certain statements contained in this communication constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our environmental goals, commitments, strategies and related business and stakeholder impacts. These forward-looking statements represent Venator's expectations or beliefs concerning future events, and it is possible that the expected results described in this communication will not be achieved or will be materially different than as described. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Venator's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks and uncertainties include, without limitation, any failure to meet stated environmental goals and commitments, and our ability to execute our strategies in the time frame expected or at all, global sociodemographic and economic trends, changing government laws and regulations, technological innovations, climate-related conditions and weather events, our ability to gather and verify data regarding environmental impacts, the compliance of various third parties with our policies and procedures, and our expansion into new products and geographic regions. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law or regulation, Venator does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Venator to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Venator's filings with the US Securities and Exchange Commission, including Venator's Annual Reports on Form 20-F and other reports on Form 6-K. Readers should not place undue reliance on the forward-looking statements made in this press release. Moreover, many of the assumptions, standards, metrics, and measurements related to the information in this press release continue to evolve and are based on assumptions believed to be reasonable at the time of preparation, but should not be considered guarantees. Given the inherent uncertainty of the estimates, assumptions, and timelines related to the information in this press release, we may not be able to anticipate whether or the degree to which we will be able to meet our plans, targets, or goals in advance.
SOURCE Venator Materials PLC
