Huntsman Corporation
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Risks associated with volatile economic conditions
- Disruptions in production at manufacturing facilities
- Disruptions in supply chain due to reliance on vendors, suppliers, and sole-source suppliers
- Depressed market conditions for cyclical and volatile products
- International business risks, including currency fluctuations, legal restrictions, and taxes
- Significant price volatility or interruptions in supply of raw materials and energy
- Adverse impacts of COVID-19
- Risks associated with the creditworthiness of suppliers, customers, and business partners
- Risks related to intellectual property rights
- Conflicts, military actions, terrorist attacks, political events, public health crises, and general instability
- Underfunded pension and postretirement benefit plan obligations
- Extensive EHS regulations that may result in unanticipated costs or liabilities
- Regulatory requirements to reduce GHG or other emissions
- Changes in credit ratings that could increase borrowing costs or negatively impact access to debt capital markets
Mitigation Strategies
- Business recovery plans to recover from natural disasters or other events
- Supply agreements with suppliers, evaluation of alternative sources of supply, and alternative technologies to avoid reliance on limited or sole-source suppliers
- Cost realignment and synergy plans to achieve annualized cost savings
- Restructuring programs to optimize global approaches to leveraging managed services and supply chain processes
- Maintaining property, business interruption, products liability, and casualty insurance policies
- Anti-corruption compliance program
- Managing and reporting GHG emissions as required by law
- Managing the mix and rate characteristics of various interest-bearing liabilities and entering into interest rate derivative instruments
- Entering into foreign currency derivative instruments to minimize the short-term impact of movements in foreign currency rates
- Netting multicurrency cash balances among subsidiaries to reduce exposure to foreign currency exchange rates
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Increased frequency and severity of storms, droughts, and floods
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: Null
Certifications: ISO 14001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- SPF products that transform low-quality PET plastic bottles into energy-saving polyurethane insulation
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Safety
- Ethics and Compliance
- Sustainability
Environmental Achievements
- Reduced injury rates from 0.21 in 2022 to 0.13 in 2023 (ASTM 2920 Level 1 injury rate)
- Capital expenditures for EHS matters totaled $30 million in 2023
Social Achievements
- Global health and safety programs implemented
- Business Conduct Guidelines and annual training for all employees
- Competitive compensation and benefits packages offered
Governance Achievements
- Chief Compliance Officer reports to the Audit Committee quarterly on Business Conduct Guidelines
Climate Goals & Targets
Environmental Challenges
- Volatile economic conditions impacting demand for products
- Production disruptions due to various factors (natural disasters, weather, etc.)
- Supply chain disruptions from third-party vendors
- Highly competitive industry with competitors having greater financial resources
- Risks related to information technology systems and cyberattacks
- Extensive EHS regulations resulting in unanticipated costs or liabilities
- Regulatory requirements to reduce GHG emissions
- Underfunded pension and postretirement benefit plan obligations
Mitigation Strategies
- Business recovery plans to address disruptions
- Supply agreements with multiple suppliers and evaluation of alternative sources
- Research and development programs to develop new products and processes
- Investment in technology security initiatives and disaster recovery plans
- EHS management systems to enhance compliance and minimize pollution
- Managing and reporting GHG emissions as required by law
- Cost realignment and synergy plans to reduce costs
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased frequency and severity of storms, droughts, and floods
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Sustainable Products & Innovation
- SPF insulation systems transforming PET plastic bottles into insulation