Climate Change Data

Avient Corporation

Climate Impact & Sustainability Data (2019, 2020, 2021, 2022, 2023)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:100,194 MT CO2e/year (Scope 1 & 2)
Scope 1 Emissions:12,767 MT CO2e/year
Scope 2 Emissions:87,427 MT CO2e/year
Scope 3 Emissions:584,622 MT CO2e/year
Renewable Energy Share:0.69% of total energy use
Total Energy Consumption:899,679 GJ/year
Water Consumption:565,000 m3/year (withdrawal)
Waste Generated:13,273 MT/year
Carbon Intensity:0.34 MT CO2e/MT production (2019)

ESG Focus Areas

  • Climate Change
  • Circular Economy
  • Product Stewardship
  • Supplier Collaboration
  • Diversity & Inclusion
  • Safety
  • Ethical Conduct

Environmental Achievements

  • Reduced Scope 1 & 2 GHG emissions (though specific percentage reduction not explicitly stated)
  • 52% of total waste recycled or reused
  • Cumulative annual CO2e avoidance of over 6,800 MT per year from energy savings projects
  • Signed a Virtual Power Purchase Agreement (VPPA) in 2020 to procure 36 MW of renewable energy capacity (this achievement is from 2020 but mentioned in the 2019 report)

Social Achievements

  • Launched PRIDE at Avient, LEAD by Women, and HYPE employee resource groups
  • Achieved a 100% score on the Corporate Equality Index (CEI)
  • Over 30,000 hours of employee training completed
  • Offered Flex Fridays and 16 hours of paid time off for community service

Governance Achievements

  • Updated Supplier Code of Conduct to align with ILO standards
  • Established a Global Energy Management Committee
  • 30% female representation on the Board of Directors

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce Scope 1 & 2 GHG emissions by 35% by 2030
  • Reduce waste to landfill by 35% by 2030
  • Obtain 40% of electricity demand from renewable sources by 2030
  • Enable 100% of products manufactured for packaging applications to be recyclable or reusable by 2030
  • Deliver sustainable solutions in 100% of technology platform projects by 2030
Short-term Goals:
  • Assess top suppliers representing 90% of raw material costs (30% assessed by end of 2020)

Environmental Challenges

  • REACH reclassifications of substances
  • Managing climate-related risks (physical and transition risks)
  • Plastic waste in the environment
  • Supplier sustainability assessment
Mitigation Strategies
  • Developing a low-carbon transition plan
  • Joining the Alliance to End Plastic Waste
  • Implementing a Supplier Sustainability Program using EcoVadis
  • Prioritizing risk assessments for GHS category 1 and 2 products
  • Developing sustainable replacement initiatives for REACH-impacted materials

Supply Chain Management

Supplier Audits: 330 supplier self-assessments completed over two years (2018-2019)

Responsible Procurement
  • Supplier Code of Conduct (aligned with ILO standards)
  • EcoVadis assessment of top-tier suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Renewable energy procurement

Reporting Standards

Frameworks Used: GRI Standards: Core Option, SASB, TCFD (commencing alignment)

Certifications: ISO 9001 (78 facilities), ISO 13485 (relevant facilities), ACC Responsible Care®

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • WithStand™ antimicrobial additives
  • ColorMatrix™ Amosorb™ oxygen scavenger
  • OnColor™ IR sortable black colorants
  • Many other examples detailed in the report

Awards & Recognition

  • Great Place to Work® certification
  • Recognition from 2020 Women on Boards

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:108,868 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:21,092 tCO2e/year
Scope 2 Emissions:87,776 tCO2e/year
Scope 3 Emissions:1,440,584 tCO2e/year
Renewable Energy Share:31%
Total Energy Consumption:1,547,647 GJ/year
Water Consumption:1,309,000 m3/year
Waste Generated:23,709 tons/year
Carbon Intensity:0.25 MT CO2e/MT Production (Scope 1 & 2)

ESG Focus Areas

  • Climate Change
  • Product Innovation
  • Supplier Engagement
  • Corporate Responsibility
  • Diversity & Inclusion
  • Human Rights
  • Safety

Environmental Achievements

  • Reduced Scope 1 & 2 GHG emissions by 37% since 2019
  • Increased renewable energy usage to 31% of energy needs
  • Reduced waste to landfill by 17%
  • 90% of Avient’s products met recyclability/reusability criteria for packaging applications in 2020

Social Achievements

  • Achieved a recordable incident rate of 0.50, 7 times better than industry average
  • Received Great Place To Work® certification
  • Earned a perfect 100/100 score on the Human Rights Campaign’s Corporate Equality Index
  • Launched EMBRACE, an Employee Resource Group focused on racial diversity and inclusion
  • Over 115 people leaders completed Core Leadership program
  • Associates completed over 30,000 hours of training

Governance Achievements

  • Updated Position on Human Rights
  • Increased transparency and disclosures on human capital matters in 10-K
  • Updated Corporate Governance Guidelines and Committee charter to promote board diversity
  • Zero incidences of non-compliance with legally required and voluntary labeling standards
  • Zero product recalls

Climate Goals & Targets

Long-term Goals:
  • Achieve 100% renewable energy by 2050
  • Achieve operational carbon neutrality by 2050
Medium-term Goals:
  • Enable 100% of products manufactured for packaging applications to be recyclable or reusable by 2030
  • Deliver cumulative annual revenue growth from Sustainable Solutions portfolio of 8–12% by 2030
  • Obtain directly or contract for 60% of electricity demand from renewable sources by 2030
  • Reduce Scope 1 & 2 GHG emissions by 60% by 2030
  • Reduce waste to landfill by 35% by 2030
Short-term Goals:
  • Assess top suppliers representing 90% of raw material costs by 2030 (39% assessed by end of 2020)

Environmental Challenges

  • Climate change impacts (extreme weather, supply chain disruptions, regulatory changes)
  • REACH reclassifications of substances
  • COVID-19 pandemic
  • Plastic waste in the environment
  • Insecticide resistance in malaria control
Mitigation Strategies
  • Low carbon transition plan encompassing Scope 1 and 2 emissions, aiming for operational carbon neutrality by 2050
  • Virtual Power Purchase Agreements (VPPAs) for renewable energy
  • Development of sustainable solutions portfolio
  • Collaboration with Alliance to End Plastic Waste
  • Development of new recycled-content materials
  • Creation of a new masterbatch production laboratory for malaria control research

Supply Chain Management

Supplier Audits: 420 supplier self-assessments completed in 2018 and 2020; 39% of total direct spend evaluated through EcoVadis

Responsible Procurement
  • Supplier Code of Conduct aligned with ILO standards
  • EcoVadis assessments
  • Supplier self-assessments

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Supply chain disruptions
Transition Risks
  • Regulatory changes
  • Market shifts
  • Energy transition
Opportunities
  • Development of energy-efficient products
  • Renewable energy procurement

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 14001, ISO 45001, ACC Responsible Care®, Great Place to Work®

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 7: Affordable and Clean Energy
  • Goal 9: Industry, Innovation, and Infrastructure
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

Avient's initiatives contribute to these goals through various programs and product offerings

Sustainable Products & Innovation

  • reSound™ R VX TPEs (recycled content)
  • Amosorb™ Oxygen Scavenger for PET
  • OnColor™ and CESA™ IR Sortable Black Colorants
  • Optica™ Toners for PET
  • Reprize™ IV Builder
  • Smartheat™ Infrared Absorbers
  • Hydrocerol™ Chemical Foaming Agents
  • Versaflex™ HC Thermoplastic Elastomers
  • Complēt™ & Onforce™ Long Fiber Reinforced Thermoplastics
  • Nymax™ PIR Post-Industrial Recycled Nylon Formulations
  • Fiber-Line™ Coated Kevlar® Fiber
  • Syncure™ Crosslinked Polyethylene Formulations
  • Smartbatch™ Color And Additive Concentrates
  • ECCOH™ Low Smoke and Fume, Non-Halogen Formulations
  • Glasforms™ Pultrusion Technologies
  • CESA™ Additive Masterbatches
  • Preperm™ and Edgetek™ Formulations
  • Fiber-Line™ Swellcoat™ Water Blocking Yarns
  • Polystrand™ continuous fiber reinforced thermoplastic (CFRTP) tapes and laminates
  • MagIQ™ Non-Woven Electret Plus

Awards & Recognition

  • Great Place to Work®
  • Newsweek’s America’s Most Responsible Companies

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:104,108 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:18,216 tCO2e/year
Scope 2 Emissions:85,892 tCO2e/year
Scope 3 Emissions:2,122,338 tCO2e/year
Renewable Energy Share:43.71% of total energy use
Total Energy Consumption:1,671,768 GJ/year
Water Consumption:1,263,000 m3/year
Waste Generated:26,277 tons/year
Carbon Intensity:0.21 MT 1&2 GHG/MT Sales

ESG Focus Areas

  • Climate Change
  • Product Innovation
  • Supplier Engagement
  • Corporate Responsibility
  • Diversity & Inclusion

Environmental Achievements

  • Reduced Scope 1 & 2 GHG emissions by 40% in 2021 versus 2019 baseline
  • Reduced waste to landfill by 6% versus 2019 baseline
  • 44% of Avient’s electricity demand globally was from renewable sources in 2021, up from 0.69% in 2019

Social Achievements

  • Launched EMBRACE, an Employee Resource Group focused on racial diversity
  • Maintained world-class safety performance with a recordable incident rate of 0.55
  • Avient associates performed more than 10,500 hours of community service

Governance Achievements

  • 64% of CEO direct reports and 42% of Board of Directors are female or racially diverse
  • 100% Corporate Equality Index score for three consecutive years
  • Zero incidences of non-compliance with legally required and voluntary labeling standards and zero product recalls

Climate Goals & Targets

Long-term Goals:
  • Achieve operational carbon neutrality by 2050
  • Achieve 100% renewable electricity by 2050
Medium-term Goals:
  • Reduce Scope 1 & 2 GHG emissions by 60% by 2030
  • Achieve 60% renewable electricity by 2030
  • Reduce waste to landfill by 35% by 2030
  • Assess top suppliers representing 90% of raw material costs by 2030
Short-term Goals:
  • Complete 100% of risk assessments on hazardous materials greater than >1 ton by 2025

Environmental Challenges

  • Supply chain disruptions due to the COVID-19 pandemic
  • Global plastic waste in the environment
  • Meeting ambitious 2030 sustainability goals
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Joined the Alliance to End Plastic Waste
  • Aligned 20% of 2022 annual incentive plan with ESG metrics
  • Implemented energy saving projects (102 in 2021)

Supply Chain Management

Supplier Audits: 52% of top suppliers assessed by the end of 2021

Responsible Procurement
  • Supplier Code of Conduct aligned with ILO standards
  • EcoVadis assessments

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Supply chain disruptions
Transition Risks
  • Regulatory changes
  • Market shifts
  • Low carbon energy transition
Opportunities
  • Development of energy-efficient products
  • Expansion of renewable energy availability

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 14001, ISO 45001, ACC Responsible Care®, Great Place to Work®

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Avient's innovation capabilities can make the greatest impact in these areas

Sustainable Products & Innovation

  • reSound™ TPEs
  • ColorMatrix™ Capture™ Oxygen Scavenger
  • ColorMatrix™ SmartHeat™ RHC
  • Edgetek™ PKE
  • LubriOne™ PKE

Awards & Recognition

  • Newsweek’s Most Responsible Companies
  • Barron’s Most Sustainable Companies
  • The Wall Street Journal’s 250 Best Managed Companies

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:206,469 tCO2e/year (Scope 1 & 2) in 2019; 134,257 tCO2e/year in 2022; 6,421,128 tCO2e/year (Scope 3) in 2022
Scope 1 Emissions:34,792 tCO2e/year in 2022
Scope 2 Emissions:99,465 tCO2e/year in 2022
Scope 3 Emissions:6,421,128 tCO2e/year in 2022
Renewable Energy Share:23% in 2019; 53% in 2022
Total Energy Consumption:2,377,860 GJ/year in 2019; 2,265,482 GJ/year in 2022
Water Consumption:1,356,000 m3/year in 2019; 1,738,000 m3/year in 2022
Waste Generated:31,087 tons/year in 2019; 32,267 tons/year in 2022
Carbon Intensity:0.44 MT 1&2 GHG/MT Sales in 2019; 0.30 MT 1&2 GHG/MT Sales in 2022

ESG Focus Areas

  • People
  • Products
  • Planet
  • Performance

Environmental Achievements

  • 35% reduction in Greenhouse Gas Emissions (Scope 1 & 2) vs. 2019
  • 6% annual reduction in waste to landfill intensity
  • 53% renewable energy source electricity
  • 92% of products manufactured for consumer packaging are recyclable, reusable, or compostable
  • 8,800 MWh in energy savings from efficiency projects
  • 41 "landfill free" sites

Social Achievements

  • 40% of overall hires and promotions were diverse individuals
  • 60% of CEO's direct reports are female or racially diverse
  • 42% of Board of Directors are female or racially diverse
  • Maintained world-class safety performance with a recordable incident rate of 0.51
  • 142,000 hours of training completed by associates
  • Launched SERVE ERG for veterans
  • Increased employee engagement survey scores across all five Great Place to Work® categories

Governance Achievements

  • Expanded carbon disclosures, including Scope 3 emissions, and third-party certification of carbon emissions
  • Added ESG performance metrics to associates’ Annual Incentive Plan
  • 100% of required associates completed cybersecurity training
  • Third-party audit of IT cybersecurity processes
  • Zero incidences of non-compliance with product safety standards

Climate Goals & Targets

Long-term Goals:
  • Achieve operational carbon neutrality by 2050
Medium-term Goals:
  • Reduce Scope 1 & 2 greenhouse gas emissions by 55% by 2030 (vs. 2019 baseline)
  • Achieve 60% renewable energy by 2030
  • Enable 100% recyclable/reusable packaging by 2030
Short-term Goals:
  • Complete 100% of risk assessments on hazardous materials greater than 1 ton by 2025

Environmental Challenges

  • Achieving carbon neutrality by 2050 (requires new technologies and innovation)
  • Reducing Scope 3 emissions (requires collaboration across the value chain)
  • Increasing the use of renewable energy (requires investment and infrastructure)
  • Supply chain disruptions due to climate events
  • Regulatory changes and market shifts
Mitigation Strategies
  • Investing in energy efficiency and waste reduction technologies
  • Expanding the use of renewable energy
  • Developing sustainable products
  • Collaborating with suppliers and customers to reduce emissions
  • Implementing a low carbon transition plan with intermediate goals

Supply Chain Management

Supplier Audits: 60% of suppliers assessed in 2022 using EcoVadis

Responsible Procurement
  • Supplier Code of Conduct aligned with ILO standards
  • EcoVadis assessments
  • Conflict Minerals Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Supply chain disruptions
  • Technology changes
Transition Risks
  • Regulatory changes
  • Policy changes
  • Low carbon energy transition
  • Liability issues
Opportunities
  • More efficient production processes
  • Emergence of new technologies
  • Increased market share
  • Products with low environmental impact

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 14001, ISO 9001, ISO 45001, ISCC Plus, ACC Responsible Care®, Great Place to Work®

Third-party Assurance: TÜV Rheinland (for Product Carbon Footprint)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)

Avient's innovation capabilities can make the greatest impact in these areas.

Sustainable Products & Innovation

  • ColorMatrix™ Ultimate™ UV Light Barrier for PET
  • Cesa™ NOX A4R Additive
  • Rejoin™ PCR Masterbatch
  • Mevopur™ Healthcare Bio-Based Polymer Solutions
  • Mevopur™ Nucleation Additive Concentrates
  • Mevopur™ Chemical Foaming Agents (CFA)
  • REMAFIN™ EP White Colorants
  • Trilliant™ HC Glass Filled Polyketone
  • Versaflex™ HC Thermoplastic Elastomers
  • Complet™ REC solutions
  • Polystrand™ R continuous fiber thermoplastic composites
  • Edgetek™ PKE NHFR formulations
  • Artisan™ ABS portfolio
  • Molded-In Color Metallic
  • Dyneema® DM20
  • Glasforms™ Pultrusion Technologies
  • Cesa™ Additive Masterbatches
  • Syncure™ Crosslinked Polyethylene Formulations
  • Smartbatch™ Color And Additive Concentrates
  • ECCOH™ Low Smoke and Fume, Non-Halogen Formulation
  • PREPERM™ material solutions
  • Edgetek™ formulations
  • ECCOH™ Micromodules
  • ECCOH™ + Syncure™ 5G Hybrid Cable Insulation + Jacket materials
  • Fiber-Line™ Swellcoat™ Water Blocking Yarns
  • Glasforms™ pultrusion technologies
  • Bio-based Dyneema® fiber

Awards & Recognition

  • Newsweek’s Most Responsible Companies
  • Barron’s Most Sustainable Companies
  • The Wall Street Journal’s 250 Best Managed Companies
  • Great Place to Work®

Reporting Period: 2023

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

  • People
  • Products
  • Planet
  • Performance

Environmental Achievements

  • Reduced carbon footprint through lightweighting solutions and sustainable infrastructure solutions
  • Active participation in the Alliance to End Plastic Waste (AEPW)

Social Achievements

  • 5th Consecutive Great Place to Work® Certification
  • Recordable incident rate of 0.58 per 100 full-time workers per year (compared to industry average of 3.40)
  • 50% of Board of Directors are female or racially diverse
  • 60% of CEO's direct reports are female, racially or ethnically diverse
  • Over 7,000 volunteer hours and $1.5 million in donations globally in 2023

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Weak global demand conditions and significant customer inventory destocking
  • Supply chain disruptions (experienced in 2022, but not material in 2023)
  • Environmental remediation costs ($52.1 million in 2023)
Mitigation Strategies
  • Controlled cost and focused on cash generation
  • Successful integration of Avient Protective Materials business
  • Enterprise-wide Lean Six Sigma program to improve margin, profitability and cash flow
  • Investing in a cloud-based ERP system (S/4HANA) to improve integration and customer service

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • changes in laws and regulations regarding plastic materials
Opportunities
  • light weighting and metal replacement and development of solutions that respond to ever-changing market needs by offering alternatives to traditional materials

Reporting Standards

Frameworks Used: Null

Certifications: Great Place to Work®, American Chemistry Council Responsible Care®

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • unique technologies that improve the recyclability of products and allow recycled content to be incorporated in products; light-weighting solutions; sustainable infrastructure solutions

Awards & Recognition

  • Not disclosed