Climate Change Data

Environmental Metrics

ESG Focus Areas

• People
• Products
• Planet
• Performance
• GHG emissions and air quality
• Energy management
• Employee health, safety, and wellbeing
• Waste management
• Product quality and safety
• Decarbonization

Environmental Achievements

• Reduced total air emissions by 34% since 2019
• Reduced water consumption by 10% between 2019 and 2021
• Developed microfiltration plant at Huelva site to reduce metal contaminants and suspended solids in process water
• Implemented energy-saving measures at various sites resulting in significant energy savings (e.g., Turin, Taicang, Duisburg)
• Improved logistics and reduced carbon emissions by optimizing truck payloads and routes in Europe
• Increased recovered materials from packaging (FIBCs and timber pallets), resulting in significant material savings

Social Achievements

• Taicang site achieved 2,000 days Lost Time Accident free
• Implemented Hazard Awareness and Risk Acceptance (HARA) program to improve hazard awareness and risk decision-making
• Implemented hybrid work schedules in all office locations
• Supported local community organizations through Venator Community Fund
• Assisted monsoon victims in Malaysia with food, water, and cleanup efforts
• Enhanced Greenabella Marsh nature reserve in collaboration with Tees Valley Wildlife Trust

Governance Achievements

• Appointed Heike van de Kerkhof as Board sponsor for sustainability
• Appointed Rob Portsmouth as Senior Vice President, Environment, Health & Safety (EHS) and Sustainability
• Aligned reporting with GRI Standards
• Signed the UN Global Compact and aligned activity and reporting to the UN Sustainable Development Goals
• Engaged KPMG to assist in decarbonization program
• Launched a Sustainability Council (planned for the future)

Climate Goals & Targets

Environmental Challenges

• Raw material inflation
• Rising energy prices
• Threat of energy curtailment in some parts of the world
• Need to decarbonize energy-intensive manufacturing operations

Mitigation Strategies

• Decarbonization plan focusing on hydrogen fuel switching, electrification, solar electricity, and carbon capture and storage
• Energy improvement plans at each site
• Improved logistics and route optimization
• Waste reduction and recycling programs
• Collaboration with industry peers and experts

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Partnership with Fluid Branding for sustainable sourcing of products

Climate-Related Risks & Opportunities

Physical Risks

• Climate-related conditions and weather events

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products and technologies (e.g., ALTIRIS® pigments)

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, UN Global Compact

Certifications: ISO 50001 (some TiO2 sites)

Third-party Assurance: ERM Certification and Verification Services Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• ALTIRIS® pigments for heat management
• UV-TITAN® sunscreens
• HOMBITAN® liquid pigment technology for recycled PET
• New pigments for cosmetics

Awards & Recognition

• Safety communications award for Teluk Kalong site
• CIPP Payroll Assurance Scheme accreditation for UK HR Shared Services
• Unsung Hero award for Robert Bird
• Fine & Specialty Young Achiever Award for Scott Dunne

Environmental Metrics

ESG Focus Areas

• People
• Products
• Planet
• Performance
• Diversity, Equity and Inclusion (DEI)
• Decarbonization
• Supply Chain Management
• Climate Change Resilience
• Circular Economy
• Waste Management
• Greenhouse Gas Emissions
• Energy Management
• Water Management
• Product Quality and Safety
• Product Innovation and Collaboration
• Community Relations
• Employee Health, Safety, and Wellbeing
• Human Rights & Labour Rights
• Business Ethics

Environmental Achievements

• 11% reduction in emissions intensity since 2020 (0.89 tCO2e per product produced)
• 23% reduction in water consumption in 2022 compared to 2020
• 7% decrease in hazardous waste in 2022 compared to 2020
• 24% reduction in total waste since 2020
• 40% reduction in total energy consumption from coal

Social Achievements

• Best ever personal safety result and outstanding process safety performance in 2022
• Increased female representation in senior leadership roles in HQ from 13% in 2017 to 24% in 2022
• Launched Venator Community Fund, awarding over £60,000 since 2018
• 11 new apprentices welcomed at Huelva site in 2022, 7 accepted contracts

Governance Achievements

• Establishment of a Sustainability Council in 2022
• Achieved a silver rating from EcoVadis in 2022 (top 20% of rated businesses)
• Became signatories to the UN Global Compact in 2022

Climate Goals & Targets

Environmental Challenges

• Lower demand for Titanium Dioxide products
• Higher energy and raw material costs
• Significant cost of decarbonization
• Availability of scalable innovative technology for decarbonization
• Access to hydrogen at a sustainable cost

Mitigation Strategies

• Proactive steps to manage factors within control
• Establishment of Sustainability Council and appointment of workstream leaders
• Development of a robust, strategic decarbonization plan (until 2040) with KPMG
• Collaboration with Atos to calculate product carbon footprints
• Engagement with suppliers to understand and reduce CO2 emissions
• Exploration of hydrogen fuel switching at Greatham site

Supply Chain Management

Supplier Audits: 72 key vendors assessed using EcoVadis in 2022; assessment of 37 additional suppliers to commence in 2023

Responsible Procurement

• Vendor Code of Conduct
• EcoVadis assessment
• Collaboration with suppliers to improve sustainability performance

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Adoption of hydrogen fuel switching

Reporting Standards

Frameworks Used: GRI Standards 2021, UN Sustainable Development Goals (SDGs), Task Force on Climate-Related Financial Disclosures (TCFD)

Certifications: ISO 9001, ECO PASSPORT by OEKO-TEX® (HOMBITAN® LW-S 100 pigment), FAMI-QS (Pacific Iron Products Sdn Bhd)

Third-party Assurance: Intertek Assuris (limited assurance)

UN Sustainable Development Goals

• SDG 9: Industry, innovation, and infrastructure
• SDG 12: Responsible consumption and production
• SDG 13: Climate action

Venator's sustainability program aligns with the targets of these SDGs through various initiatives.

Sustainable Products & Innovation

• ALTIRIS® solar reflective pigments
• HOMBITAN® LW-S 100 pigment
• HOMBIKAT® TiO2 catalyst

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Product
• Planet

Environmental Achievements

• 22.9% overall reduction in scope 1 emissions (from 914,927 tCO2e to 705,387 tCO2e)
• 90% of co-products from Duisburg, Uerdingen, and Huelva facilities were put to beneficial use
• 30% reduction in non-hazardous waste (1,100,000 t to 537,493 t)
• Achieved EcoVadis Gold status (top 4% globally)
• Completed first climate risk and opportunity assessment (TCFD-aligned)
• Scaled up product carbon footprint (PCF) calculation

Social Achievements

• Launched first ZERO Harm Week
• Improved process safety incident rate from 0.09 to 0.05
• Female leaders comprised 18% of leadership roles (3% increase from 2022)
• Associates averaged 17.5 training hours
• 96 apprentices welcomed into the business

Governance Achievements

• Submitted first Communication on Progress (COP) Report to the UN Global Compact
• Conducted first double materiality assessment (EU CSRD-aligned)
• Updated Vendor Code of Conduct with new references to Sustainable Supplier Assessment
• Zero bribery or corruption incidents raised

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Increased scope 2 emissions due to increased electricity and steam consumption
• Increased recordable injury rate (0.47) due to the sale of the iron oxide business
• Achieving 2030 targets amidst industry and organizational change
• Developing robust methodologies to quantify targets for the Product pillar

Mitigation Strategies

• Developed alternative sourcing strategies
• Implementing new PSM procedures across sites
• Self-audit plan for all sites
• ZERO Harm and PSM fundamentals refresher training
• Payload Efficiency Project to optimize product delivery
• Developing decarbonization plans for manufacturing sites
• Exploring the implementation of hydrogen gas at certain facilities
• Developing DEI strategy with roadmap of actions and milestones

Supply Chain Management

Supplier Audits: Sustainable Supplier Assessment to be launched in 2024 for top 200 suppliers

Responsible Procurement

• Vendor Code of Conduct
• Sustainable Supplier Assessment

Climate-Related Risks & Opportunities

Physical Risks

• Extreme rainfall and tidal flooding
• Extreme heat
• Tropical cyclones
• Water stress and drought

Transition Risks

• Carbon pricing
• Cost of fossil fuels
• Cost of clean energy technology
• Availability of refinery by-products
• Supplier decarbonization

Opportunities

• Product carbon footprint (PCF) reduction
• Products supporting climate change adaptation

Reporting Standards

Frameworks Used: GRI 2021 Standards, TCFD, UN Global Compact

Certifications: ISO 9001

Third-party Assurance: Intertek Assuris (Limited Assurance)

Sustainable Products & Innovation

• New non-pigmentary TiO2 product (UV filter)
• DELTIO® pigments
• Lithopone

Awards & Recognition

• EcoVadis Gold Medal (2023)