Chase Corporation
Climate Impact & Sustainability Data (2018, 2019, 2020, 2021)
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Sustainability
- Risk Management
- Ethical Corporate Culture
- Community Contribution
- Environmental Respect
- Fair Employee Treatment
Climate Goals & Targets
Environmental Challenges
- Rising raw material costs
- Increased operational costs following plant closure
- Product mix shift to lower margin products
Mitigation Strategies
- Price increases
- Short- and long-term steps to regain and improve margins
- Plant closures and consolidation
- Product pruning
- Footprint reductions
- Resource reallocation
- Divestitures
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Human Rights
- Environmental, Health and Safety (EHS)
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impact on operations and supply chain
Mitigation Strategies
- Maintaining operations at most facilities, implementing cost-cutting measures, leveraging strong financial position
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Human Rights
- Environmental, Health and Safety (EHS)
- Board Diversity
Social Achievements
- Launched a Responsibility page on chasecorp.com detailing Human Rights and EHS policies.
- Modified Board structure, creating the position of Lead Independent Director in October 2020.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic disruptions
- Raw material cost increases
- Supply chain challenges
- Competitive landscape related to obtaining and retaining a manufacturing labor force
- Tariffs
Mitigation Strategies
- Operational discipline and proactive initiatives (consolidation of product lines, exit from low-margin services, facility relocation)
- Developing non-tariff-sourced materials
- Altering manufacturing logistics by utilizing non-U.S. manufacturing facilities
- Instituting customer price adjustments to protect gross margins
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Human Rights
- Environmental, Health and Safety (EHS)
Social Achievements
- Launched a Responsibility page on chasecorp.com detailing Human Rights and EHS policies.
Governance Achievements
- Modified Board structure in October 2020, creating the position of Lead Independent Director.
Climate Goals & Targets
Environmental Challenges
- Increased input costs due to global raw material inflationary pressures, increased logistics costs, and a more competitive labor market.
- Lagging effects of customer price increases due to notification period requirements.
Mitigation Strategies
- Operational discipline and proactive initiatives (consolidation of product lines, exit from low-margin services, facility relocation).
- Customer price adjustments to protect gross margins.
- Consolidation and optimization initiatives to reduce manufacturing spending and improve operational efficiency.