Bakelite Synthetics (“the Company”) has released its 2023 Sustainability Report, offering a comprehensive overview of its key environmental, social, and governance activities from the past year, along with its sustainability goals for 2024 and beyond. Created in accordance with Global Reporting Initiative Standards and the United Nations Sustainable Development Goals, the report underscores the Company’s dedication to fostering a sustainable future.
JP Aucoin, President and Chief Executive Officer of Bakelite Synthetics, remarked, “At Bakelite Synthetics, our mission is to deliver innovative, sustainable products that address the world’s toughest challenges. While adapting to the evolving needs of our customers safely, we have made significant strides toward our sustainability targets. Our progress reinforces our position as a global leader in chemical manufacturing, committed to creating a positive impact now and in the future.”
Andrea Croslyn, Executive Vice President of Sustainability and Business Processes, added, “We empower our teams to contribute to our sustainability goals from their roles within the Company. We believe that sustainability drives profitability, focusing on opportunities that deliver value for our customers, the planet, and Bakelite Synthetics. By actively engaging with our stakeholders, we uncover new ways to create shared value.”
Key highlights from the 2023 Sustainability Report include:
Environmental Impact:
- Bakelite Synthetics is committed to environmental stewardship, concentrating on reducing energy consumption, minimizing waste, and managing water use. The Company is dedicated to creating a safe and sustainable environment for its customers and communities.
- In 2023, Bakelite was recognized as a U.S. Environmental Protection Agency (EPA) ENERGY STAR program partner, committing to rigorous energy performance monitoring and management strategies based on ENERGY STAR guidelines.
- The Company launched renewable energy initiatives at four locations and published its verified Scope 1-3 greenhouse gas emissions for the second consecutive year.
- Collaborating with customers, Bakelite developed new products with a reduced carbon footprint and defined sustainable attributes across its product range.
Social Impact:
- Bakelite Synthetics aims to provide a supportive and empowering workplace, investing in health and safety, well-being, and career development. The Company promotes diversity, inclusion, and community engagement.
- The Company established a framework for Employee Resource Groups (ERG) and launched the Bakelite Women’s Network in 2023.
- Through the inaugural Bakelite Associate Engagement Survey, which saw a 70% response rate, the Company is using feedback to enhance its workplace environment.
- Over 80% of Bakelite Synthetics sites participated in community service projects in 2023.
- The Company hosted a series of ‘Bakelite Sustainability Town Halls,’ featuring sessions on various sustainability topics and initiatives to engage associates.
Bakelite Synthetics remains committed to advancing its sustainability agenda and making meaningful contributions to the communities it serves.
