Hexion Inc., a producer of thermosetting resins, specialty resins, coatings, and adhesives, has ranked among the top four companies in the North American chemical sector with a score of 50 out of 100, according to an environmental, social, and governance (ESG) Assessment from V.E, part of Moody’s ESG Solutions.
V.E’s ESG Assessments measure the extent to which a company is managing ESG-related risks and opportunities and equip leaders with data and insights needed to make better decisions. This ESG Assessment is the latest recognition of Hexion’s commitment to and progress toward its ambitious sustainability and corporate responsibility goals.
“We are pleased to receive such a positive, third-party assessment underscoring the significant progress we’ve made with our various sustainability initiatives,” said Craig Rogerson, Hexion’s Chairman, president and CEO. “Thorough and independent assessments such as this demonstrate how exceptionally hard we have worked to ensure that sustainability and social responsibility is at the absolute core of our business.”
V.E’s ESG Assessment is the latest recognition of Hexion’s efforts to create a cleaner, safer and more socially conscious company. Earlier this year, the company announced plans to reduce absolute carbon emissions by 20 percent by 2030. In April, Hexion was awarded ENERGY STAR® Partner of the Year.
Hexion’s recently released 2020 Sustainability Report, which details the Company’s current progress towards it sustainability goals for 2020 and beyond.