2022 Communication on Progress

Hexion Inc.

Published date

May 31, 2022

No. of questions

61

CEO Statement

Signed

  • Governance

    Policies and Responsibilities

    1. Does the Board / highest governance body or most senior executive of the company:

    Optional comment
    Hexion's Board of Directors continues to guide strategic planning regarding Environmental, Social and Governance risks and opportunities through quarterly discussions about various ESG special topics and progress towards goals. The Board is directly responsible for the organization's sustainability efforts, vision, policy, and strategy. The Board of Directors sets the principles and strategies that guide the design of our executive compensation program, which includes several Environmental health and safety metrics. Hexion issues an annual sustainability report to summarize the reporting years successes and goals for the next years.

    2. Does the company have a publicly stated commitment regarding the following sustainability topics?

    No, this is not a current priority

    No, but we plan to have a commitment within 2 years

    Yes, and the commitment is focused on our own operations

    Yes, and the commitment includes our own operations and the value chain

    Yes, and the commitment includes our own operations and the value chain along with communities and society

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    Please see uploaded documents for our 2022 sustainability report and our code of conduct for suppliers and other third parties. These items contain our commitment to the sustainability topics listed and also included our focus in our own operations around compliance and anti-corruption.

    3. Does the company have in place a code of conduct regarding each of the following sustainability topics?

    No, this is not a current priority

    No, but we plan to have a code of conduct within two years

    Yes, focused on employee conduct

    Yes, focused on employees and suppliers

    Yes, focused on employees, suppliers, and other business relationships

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    Operating in an ethical manner is the foundation for ensuring Hexion Inc. (Hexion) complies with the letter and the spirit of the law. Hexion values its reputation for integrity. We strive to adhere to the highest ethical standards in the conduct of our business and to comply with all laws and regulations that are applicable to the business. Our Board of Directors and Shareholders expect honest and ethical conduct from every associate. Each associate has a responsibility to maintain and advance the ethical values of the Company. We are judged not only by the business results that we achieve but also by how we achieve them. We believe that organizations that operate ethically and with integrity build value over time and have the best chance for long-term success.

    4. Has the company appointed an individual or group responsible for each of the following sustainability topics?

    No one is specifically responsible for this topic

    Yes, with limited influence on outcomes (e.g., limited access to internal information, limited decision-making authority)

    Yes, with moderate influence on outcomes (e.g., has access to relevant information, reports to senior manager)

    Yes, with direct influence of some outcomes (e.g., has access to relevant information, includes one or more senior manager with decision making rights

    Yes, with direct influence at the highest levels of the organization (e.g., has access to relevant information, includes most senior members of organization)

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    Hexion has a company officer directly responsible for each sustainability topic with responsibility of the area and reporting out to the board. Please see our website for our Executive officers list.

    5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?

    No formal structure

    Yes, and with limited influence on outcomes (e.g., limited access to internal information necessary to understand risks, poor representation from relevant departments or functions)

    Yes, with moderate influence on outcomes (e.g., it includes representatives of some functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, reports to senior manager)

    Yes, with direct influence on some outcomes (e.g., it includes representatives of functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, it involves one or more members of senior management)

    Yes, and with direct influence at the highest level of the organization (e.g., full access to relevant information, it involves members at highest level of organization)

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    With the announcement in 2020 of a 2030 goal that all new products be more sustainable, Hexion has assembled a cross-functional dedicated team to implement a formal strategy to identify and address opportunities to develop new products and services leading to improvement in climate change risk for Hexion as well as our customers.

    Prevention

    6. Does the company have a process or processes to assess risk?

    No, this is not a current priority

    No, but we are planning to develop one in the next two years

    Yes, related to our own operations

    Yes, related to our own operations and entire value chain and other business relationships

    Human rights risks

    Labour rights risks

    Environmental risks

    Corruption risks

    Optional comment
    We break short-term risk into Likelihood Levels and Impact Levels 5 - Expected: >90% chance event is expected to occur within the next 12 months 4 - Highly Likely: 60 - 90% chance event is expected to occur within the next 12 months 3 - Likely: 30 - 60% chance event is expected to occur within the next 12 months 2 - Not Likely: 10 - 30% chance event is expected to occur within the next 12 months 1 - Slight: <10% chance event is expected to occur within the next 12 months.

    7. Does the company have a due diligence process through which it identifies, prevents, mitigates, and accounts for actual and potential negative impacts on sustainability topics?

    No, this is not a current priority

    No, but we are planning to develop one in the next two years

    Yes, related to our own operations

    Yes, related to our own operations and entire value chain and other business relationships

    Human rights risks

    Labour rights risks

    Environmental risks

    Corruption risks

    Optional comment
    Hexion implements a compliance review board, various environmental risk reviews and aspect reviews as well as our ethics and compliance hotline for associates to report items of concern.

    Concerns and grievance mechanisms

    8. Are there any processes through which members of the company’s workforce can raise concerns about the company’s conduct related to human rights, labour rights, environment, or anti-corruption?

    Optional comment
    Please see our code of conduct as well as our supplier and other third party code of conduct documents

    8.1. Please provide additional detail regarding the process(es) the company has through which members of the company’s workforce can raise concerns about the company’s conduct.

    No

    Yes

    Is the process communicated to all employees/workers in local languages?

    Is the process available to non-employees (e.g., contractors, vendors, suppliers)?

    Is the process confidential (e.g., whistleblowing process)?

    Are there processes in place to avoid retaliation?

    Can concerns be raised about suppliers or other business relationships (e.g., clients, partners, etc.)

    Other (Please provide additional information)

    Optional comment
    Associates are expected to promptly report compliance concerns by contacting their Manager, HR Representative, the Legal Department, globalcompliance@hexion.com or use the Hexion Ethics Line. This process and detailed step by step instructions can be found in the code of conduct document available on the website. There is also yearly training on the code of conduct administered to all associates. The Suppliers and other third party code of conduct is provide to these groups as well. Hexion's Non-Retaliation Policy does not tolerate reprisal or retaliation against those who report concerns in good faith.

    9. Does the company provide or enable access to effective remedy to right holders / stakeholders where it has caused or contributed to the adverse impact?

    No process to enable remedy to stakeholders

    Remedy available to some stakeholders (i.e., some geographies, employees only)

    Remedy is available to all affected stakeholders

    Remedy is available to all stakeholders, and suppliers are expected to have similar policies

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Lessons

    10. How does the company capture lessons regarding each of the following sustainability topics?

    No lessons are regularly captured

    Conducts root cause analyses/investigation of major incidents

    Conducts root cause analyses/investigation and changes organizational policies, processes, and practices accordingly

    Systematically conducts root cause analyses/investigation and leverages learnings to influence both internal and external affairs

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Executive Pay

    11. Is executive pay linked to performance on one or more of the following sustainability topics?

    No, and we have no intention to change

    No, but we plan to within two years

    Yes

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Board Composition

    12. Percentage of individuals within the company’s Board / highest governance body by:

    Number/Percentage

    Not applicable (Please provide additional information)

    Total number of board members (#)

    Please see explanation

    Male (%)

    Please see explanation

    Female (%)

    Please see explanation

    Non-binary (%)

    Please see explanation

    Under 30 years old (%)

    Please see explanation

    30-50 years old (%)

    Please see explanation

    Above 50 years old (%)

    Please see explanation

    From minority or vulnerable groups (%)

    Please see explanation

    Executive (%)

    Please see explanation

    Independent (%)

    Please see explanation
    Optional comment
    American Securities acquired Hexion Holdings Corporation on March 15, 2022 and is in the process of assembling a Board of Directors who will bring diversity of thought and experience to the organization. American Securities expects to add three Independent Directors to the Board in the near term.

    13. Do you produce sustainability reporting according to:

    CDP, MSCI
    Optional comment
    PLAN TO REPORT TO TCFD IN NEXT 2 YEARS

    Data Assurance

    14. Is the information disclosed in this questionnaire assured by a third-party?

    At this time Hexion internally audits its GHG emissions to ensure accuracy and completness. With the use of our Diligent
    Optional comment

  • Human Rights

    Materiality / Saliency

    1. Which of the following has the company identified as material human rights issues connected with its operations and/or value chain, whether based on their salience (i.e., the most severe potential negative impacts on people) or another basis?

    Response

    8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the human rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

    Respect for fundamental human rights is at the core of our operational philosophy. Any form of forced or involuntary labor, including child labor, slavery or human trafficking by the Company is not acceptable or permitted. In addition, Hexion expects third parties acting on our behalf to comply with applicable (labor) laws and demonstrate respect for human rights.

  • Labour

    Commitment

    1. Does the company have a policy commitment in relation to the following labour rights principles?

    No, and we have no plans to develop a policy

    No, but we plan to in the next two years

    Yes, included within a broader policy

    Yes, articulated as a stand-alone policy

    Not applicable (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    2021

    Forced labour

    2021

    Child labour

    2021

    Non-discrimination in respect of employment and occupation

    2021

    Occupational safety and health

    2021

    Working conditions (wages, working hours)

    Optional comment
    Hexion’s policy is to operate in an ethical, safe, secure and environmentally responsible manner that protects our associates, customers, and communities while benefiting the economy and environment. One of the primary ways to show our commitment to diversity, equity and inclusion (DEI) is to act in a respectful manner by treating associates, customers, vendors and those in our community the way we expect to be treated. We are committed to accelerating our strategic DEI goals worldwide—including our strategy to attract, retain and develop diverse talent and promote an inclusive environment where associates at all levels can perform their best. Respect for fundamental human rights is at the core of our operational philosophy. Any form of forced or involuntary labor, including child labor, slavery or human trafficking by the Company is not acceptable or permitted. In addition, Hexion expects third parties acting on our behalf to comply with applicable (labor) laws and demonstrate respect for human rights.

    1.1. For each labour rights policy, is it:

    Aligned with international labour standards?

    Publicly available?

    Approved at most senior level of the company?

    Applied to the company’s own operations?

    Applied to the company’s supply chain and/or other business relationships?

    Developed involving labour rights expertise from inside and outside the company?

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    Optional comment

    Prevention

    2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following labour rights issues?

    No engagement on this topic

    To better understand the risks/ impacts in question

    To discuss potential ways to prevent or mitigate the risks/ impacts in question

    To agree on a way to prevent/ mitigate the risks/ impacts in question

    To assess progress in preventing/ mitigating the risks /impacts in question

    To collaborate in the prevention/ mitigation of the risks/ impacts in question

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    Optional comment
    Please see our code of conduct

    3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this labour rights issue?

    Provided internal training/ capacity building for the direct workforce

    Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)

    Conducting an audit process and/or corrective action plan

    Collective Action with peers or other stakeholders, in particular workers' organizations, to address the issue

    Collaboration with governmental or regulatory bodies

    Other (Please provide additional information)

    No action within reporting period

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Audit of Asia Pacific materials to confirm they were not made in the Xinjiang region in advance of sanctions related to human rights abuses of Uyghur people. Replaced any materials or suppliers from that region.

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    4. Who receives training for the following labour rights issues?

    No training provided

    Select employees

    All employees

    Contractors

    Direct suppliers of the organization

    Indirect suppliers of the organization

    Other – such as partners, clients, etc.

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights issues?

    No monitoring of progress

    Review issues on ad-hoc basis

    Set annual targets/ goals, track progress over time (internal programs only)

    Set annual targets/ goals, track progress over time (internal and external programs)

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    Optional comment

    Performance

    6. What is the percentage of employees covered under collective bargaining agreements?

    Percent of employees (%)

    Unknown

    Employees covered under collective bargaining (%)

    1
    Optional comment
    Metric is for US employees only

    7. What is the percentage of employees in a trade union or other workers' organization?

    Percent of employees (%)

    Unknown

    Not applicable (Please provide additional information)

    Employees in a trade union or on a worker committee (%)

    8. In the course of the reporting period, what was the percentage of women in:

    Percent of women (%)

    Unknown

    Senior leadership level position

    26

    Non-executive board

    9. What was the average ratio of the basic salary and remuneration of women to men (comparing jobs of equal value) during the reporting period?

    Salary ratio (%)

    Unknown

    Choose to not disclose

    Women / Men (%)

    10. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?

    Frequency of injury

    Unknown

    Choose to not disclose

    Frequency of injury

    11. In the course of the reporting period, what was the company’s incident rate?

    Incident rate

    Unknown

    Choose to not disclose

    Incident rate

    0.4

    Response and Reporting

    12. In the course of the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to the adverse impact associated with the following labour rights issues?

    Yes

    No

    Choose to not disclose

    Not applicable (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Did not cause adverse effects durning reporting period

    Forced labour

    Did not cause adverse effects durning reporting period

    Child labour

    Did not cause adverse effects durning reporting period

    Non-discrimination in respect of employment and occupation

    Did not cause adverse effects durning reporting period

    Occupational safety and health

    Working conditions (wages, working hours)

    13. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the labour rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

    The company reviews internal risk regularly and also reviews risk associated with suppliers in the areas they operate.

  • Environment

    Commitment

    1. Does the company have a formal policy on the following environmental topics?

    No, and we have no plans to develop a policy

    No, but we plan to in the next two years

    Yes, included within a broader policy

    Yes, articulated as a stand-alone policy

    Not applicable (Please provide additional information)

    Climate Action

    2021

    Water

    Oceans

    Forests / Biodiversity / Land Use

    2021

    Air Pollution

    2021

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    2021

    Energy & Resource Use

    2021
    Optional comment
    Our GHG commitment calls for us to reduce our absolute carbon emissions by 20 percent by 2030 for our Scope 1 and Scope 2 emission, which are direct and indirect GHG emissions from operations and consumed energy. We expect to continue to make significant progress in waste reduction, energy efficiency and other key sustainability metrics, in 2022 and going forward. In addition to completing a detailed water risk assessment at all Hexion sites in water distressed areas, Hexion continues to prioritize reducing water consumption, especially in water-stressed areas. Efforts include maximizing the reuse of water and reducing water required for cooling needs. In addition to our goal to reduce spill mass by 80% by 2025, our focus on Product Stewardship supports the sound management of materials throughout their lifecycle.

    1.1. For each environmental policy, is it:

    Aligned with international environmental standards?

    Publicly available?

    Approved at most senior level of the company?

    Applied to the company’s own operations?

    Applied to the company’s supply chain and/or other business relationships?

    Developed involving environmental expertise from inside and outside the company?

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Optional comment
    We expect to continue to make significant progress in waste reduction, energy efficiency and other key sustainability metrics, in 2022 and going forward. To better evaluate climate related risks and opportunities over time and throughout our value chain, Hexion will conduct a scenario analysis aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Please also see our EHS Policy on our website.

    Prevention

    2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following environmental issues?

    No engagement on this topic

    To better understand the risks/ impacts in question

    To discuss potential ways to prevent or mitigate the risks/ impacts in question

    To agree on a way to prevent/ mitigate the risks/ impacts in question

    To assess progress in preventing/ mitigating the risks/ impacts in question

    To collaborate in the prevention/ mitigation of the risks/ impacts in question

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with these environmental topics?

    Provided internal training/ capacity building for the direct workforce

    Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)

    Conducting an audit process and/or corrective action plan

    Collective Action with peers or other stakeholders to address the issue

    Collaboration with governmental or regulatory bodies

    Other (Please provide additional information)

    No action within reporting period

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Optional comment
    Our GHG commitment calls for us to reduce our absolute carbon emissions by 20 percent by 2030 for our Scope 1 and Scope 2 emission, which are direct and indirect GHG emissions from operations and consumed energy. We also continue to actively plan for larger reductions over time that also include our “Scope 3” emissions, which encompass all other aspects of our operations. We expect to continue to make significant progress in waste reduction, energy efficiency and other key sustainability metrics, in 2022 and going forward. To better evaluate climate related risks and opportunities over time and throughout our value chain, Hexion will conduct a scenario analysis aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. We strive to minimize our impact on the environment by using water and non-renewable resources as efficiently as possible. We also mobilize our workforce to proactively care for their local environments, as global change begins at home.

    4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?

    No monitoring of progress

    Review issues on ad-hoc basis

    Set annual targets/ goals, track progress over time (internal programs only)

    Set annual targets/ goals, track progress over time (internal and external programs)

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Optional comment
    Hexion announced a commitment to reducing greenhouse gas emissions by 20 percent by 2030. Success is measured based on the following metrics: • Employee Health and Safety; • Environmental Events and Spills; • Water Consumption; • Waste Generation; • Net Energy Consumption and Production; • Greenhouse Gas Emissions; • Net Scope 1 and Scope 2 Carbon Dioxide Equivalent (CO2e) Emissions

    4.1. For each environmental topic in which the company sets timebound goals / targets, what kind of targets has the company set?

    Description of targets (e.g., what is the target, absolute vs. intensity, externally verified, on track, etc.)

    Climate Action

    Hexion announced a commitment to reducing greenhouse gas emissions by 20 percent by 2030.

    Energy & Resource Use

    Water

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Oceans

    4.2. For each environmental topic in which the company sets timebound goals / targets, how is progress against target / goal tracked?

    Progress is reviewed against goals annually or more frequently

    Progress is reported internally to the most senior level

    Progress is reported externally

    Other (Please provide additional information)

    Climate Action

    Energy & Resource Use

    Water

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Oceans

    Optional comment
    Annual sustainability report

    5. In the course of the reporting period, has the company been involved in providing or enabling remedy for any actual impacts associated with the following environmental issue(s)?

    Yes

    No

    Choose to not disclose

    Not applicable (Please provide additional information)

    Climate Action

    Water

    Oceans

    No operations near oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Optional comment
    Hexion has implemented strategies to minizine effect associated with the issues listed through energy efficiency efforts at our sites, actions to reduce overall waste generation and preformed a water body risk assessment to better understand our water stewardship opportunities and challenges where we operate. We monitor our air pollution to US EPA standards and continually revaluate our products to look for opportunities to incorporate materials that are less impactful on the environment to better our overall footprint and achieve our 2030 Climate goals.

    Climate Action

    6. What were the company’s gross global greenhouse gas emissions for the reporting period?

    Scope 1 Emissions

    Emissions (tCO2e)

    110908

    Scope 2 Emissions

    Emissions (tCO2e)

    402570

    Scope 3 Emissions

    Developing scope 3 emissions tracking plan

    Emissions (tCO2e)

    7. What percentage of the company's revenue was invested in R&D of low-carbon products/services during this reporting period?

    Percent of revenue (%)

    Optional comment

    8. Has the organization acted to support climate change adaptation and resilience?

    Optional comment
    Hexion recognizes the opportunities and obligations of a Sustainable Procurement approach. We utilize a strategic procurement approach to ensure security of supply, combined with a logistics network to ship across town or around the world with minimal interruption. In 2021, we added resources dedicated to developing Supplier programs, with a focus on fostering an increased use of more sustainable raw materials and assessing Environmental, Social and Corporate Governance risks and initiatives across our supplier portfolio.

    Energy / Resource Use

    9. Please report the company's renewable energy consumption as a percentage of total energy consumption in the reporting period.

    % of total energy consumption

    0
    Optional comment

    Technology

    10. What percent of the company's revenue came from environmentally friendly products / services during this reporting period?

    Percent of total revenue (%)

    Sector-specific Questions

    11. Which sector(s) does the company operate in? If diversified, choose top 3 by revenue.

    Sector-specific: Water

    12. Please provide details regarding the company's water withdrawal and consumption (own operations) during the reporting period.

    Water withdrawal (volume of water in megaliters):

    Mega-liters

    Unknown

    Not applicable (Please provide additional information)

    Total

    100692.43

    Groundwater:

    Surface water:

    Rainwater:

    Wastewater:

    Percentage of water withdrawn in regions with high or extremely high water stress (%)

    Water consumption (volume of water in megaliters):

    Mega-liters

    Unknown

    Not applicable (Please provide additional information)

    Total

    Groundwater:

    Surface water:

    Rainwater:

    Wastewater:

    Percentage of water consumed in regions with high or extremely high water stress (%)

    13. Please provide details about the company’s water intensity of products in regions with high or extremely high water stress.

    Water intensity of products (cubic meter/$):

    Sector-specific: Air pollution

    17. Where applicable, please report the company's emissions of the following pollutants during the reporting period.

    Emissions (tCO2e)

    Unknown

    Not applicable (Please provide additional information)

    NOx

    SOx

    Volatile Organic Compounds (VOC)

    Hazardous air pollutants (HAP)

    Particulate matter (PM10)

    Persistent organic pollutants (POP)

    Other (please specify in text box)

    Sector-specific: Waste

    18. Please report the company's total weight of waste generated in metric tonnes during the reporting period.

    Waste Generated (t)

    22360.231

    19. Please report the percentage of the company's waste that was hazardous waste (i.e., hazardous waste ratio) during the reporting period.

    Hazardous Waste Ratio (%)

    0.367

    20. Please report the company's estimated metric tonnes of single-use plastic consumed wherever material along the value chain during the reporting period.

    Single-use plastics (tonnes)

    Hexion receives materials and ships materials through bulk transportation methods. Where containers are used these are sent back to be recycled or used again.

    Overall Environment

    21. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the environment principles, including any challenges faced and actions taken towards prevention and/or remediation.

    Hexion strives to protect against climate change throughout our business lifecycle by efficiently using natural resources, optimizing existing processes and enhancing products and technologies through continuous innovation. This focus increases stakeholder value by improving the use of resources, reducing greenhouse gas emissions, engaging our associates, decreasing operating costs and supporting our customers’ sustainability goals. In addition to our goal to reduce spill mass by 80% by 2025, our focus on Product Stewardship supports the sound management of materials throughout their lifecycle. n addition to completing a detailed water risk assessment at all Hexion sites in water distressed areas, Hexion continues to prioritize reducing water consumption, especially in water-stressed areas. Efforts include maximizing the reuse of water and reducing water required for cooling needs

  • Anti-corruption

    Commitment

    1. Does the company have an anti-corruption compliance programme?

    The Company has adopted an Anti-Bribery and Anti-Corruption policy and conducts annual anti-bribery and anti-corruption training.
    Optional comment
    Hexion is subject to various anticorruption laws, including the Foreign Corrupt Practices Act, UK Anti-bribery and other U.S. and international laws and regulations governing international business practices. We are expected to comply with the letter and spirit of these legal requirements, even if they are inconsistent with local practice, or would place Hexion at a competitive disadvantage.

    2. Does your company have policies and recommendations for employees on how to act in case of doubt and/or in situations that may represent a conflict of interest, e.g. with regard to gifts and hospitality, donations, sponsorship, or interactions with public officials?

    Optional comment
    Please see the attached code of conduct

    Prevention

    3. Who receives training on anti-corruption and integrity?

    Optional comment
    Code of conduct training provided to Employees. Policy materials provided to suppliers and other third parties. These materials are also publicly available.

    3.1. How often is such training provided?

    One time only

    Every year

    Every two or more years

    We do not collect this data

    All employees

    Select employees

    Contractors

    Direct suppliers of the organization

    Other – such as partners, clients, etc.

    Indirect suppliers of the organization

    Optional comment
    Employees receive yearly code of conduct training and other parties receive materials and guidance.

    4. Does the company monitor its anti-corruption compliance programme?

    Response and Reporting

    5. Please report the company's total number and nature of incidents of corruption during the reporting year.

    Number of incident(s)

    Unknown

    Choose to not disclose

    Confirmed during the current year, but related to previous years

    0
    0

    Confirmed during the current year, and related to this year

    0
    0
    Optional comment

    6. Within the reporting period, what measures has the company taken to address suspected incidents of corruption independently or in response to a dispute or investigation by a government regulator?

    7. Does your company engage in Collective Action against corruption?

    8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the anti-corruption principle, including any challenges faced and actions taken towards prevention and/or remediation.

    The Company has adopted an Anti-Bribery and Anti-Corruption policy and conducts annual anti-bribery and anti-corruption training.