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Eastman ranks No. 27 on Barron’s 2021 list of the Most Sustainable Companies in the United States. To arrive at its list of the 100 Most Sustainable Companies, Barron’s analyzed performance by the 1,000 largest U.S. publicly traded companies on a wide range of indicators related to sustainability and environment, social and corporate governance (ESG). Barron’s collaborated on the list with Calvert Research and Management, which analyzed data in five categories: shareholders, employees, customers, community and planet. An investment firm that specializes in sustainability and ESG investing, Calvert’s data analysis included company scores on distinct topics within those five categories. Those topics included such areas as policies on greenhouse gas emissions, energy use and efficiency, workplace diversity, business ethics, product quality and product safety, lifecycle of products, workplace safety, and others.
—30+ days ago
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Eastman announced the company's plans to build one of the world's largest plastic-to-plastic molecular recycling facilities at its Kingsport, Tenn site. Through methanolysis, this world-scale facility will convert polyester waste that often ends up in landfills and waterways into durable products, creating an optimized circular economy. Over the next 2 years, the company will invest approximately $250 million in the facility, which will support Eastman's commitment to addressing the global waste crisis and to mitigating challenges created by climate change, while also creating value for its stakeholders. Using the company's polyester renewal technology, the new facility will use over 100k metric tons of plastic waste that cannot be recycled by current mechanical methods to produce premium, high-quality specialty plastics made with recycled content. This process of using plastic waste as the main feedstock is a true material-to-material solution and reduces the company's use of fossil feedstocks and reduces its greenhouse gas emissions by 20-30 percent relative to fossil feedstocks.
—30+ days ago
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