Chevron Phillips Chemical releases 2023 Sustainability Report

THE WOODLANDS, Texas - Chevron Phillips Chemical today published its 2023 Sustainability Report, a comprehensive document that showcases the company's efforts and notable achievements in its journey to advance sustainability. Titled Stepping Up, the organization's 13th sustainability report reflects the purpose, people and progress of CPChem's global business in working to address key environmental, social and governance (ESG) matters.

"The stories featured in the 2023 report illustrate CPChem's strides in advancing sustainability over the past year," said Steve Prusak, CPChem's president and CEO. "We believe infusing ESG efforts within CPChem's foundational elements like award-winning safety performance and a diverse employee culture can enrich our sustainability strategy and prime our business to perform in all business climates."

Stepping Up presents several highlights from 2023:

• Top 10% in industry for Total Recordable Incidence Rate (0.08)
• Top 25% in sustainability scores amongst industry peers rated by EcoVadis
• Doubled spend supporting diversity of supplier network (compared to 2022)
• Zero plastic loss from CPChem facilities
• 100% employee engagement in newly launched sustainability sessions
• 350+ potential carbon reduction opportunities identified

The report also outlines CPChem's sustainability ambitions and offers compelling examples of innovation and creativity driving progress toward these targets. CPChem's three sustainability focus areas - climate change, product sustainability and circularity, and social responsibility - experienced significant developments since the organization's previous report, a testament to the high caliber of its employees.

"The trajectory of our sustainability journey reflects an alignment of shared values within our company culture," said Benny Mermans, vice president of sustainability. "Stepping Up brings to view the energy and expertise leveraged by our workforce to accelerate our sustainability efforts in 2023, and I am enormously proud of these achievements and the future we are building together."

Prepared in accordance with the Global Reporting Initiative Standards, CPChem's 2023 Sustainability Report is available to view and download here.