Driven by more than 100 years of continuous innovation, Eastman is bringing sustainable materials to market and delivering financial value to our shareholders while scaling positive societal impact for our stakeholders.
A Better Circle
In 2021, we continued our journey by instituting an updated strategy, A Better Circle, comprised of meaningful and measurable goals that ensure progress towards the environmental, social, and corporate governance (ESG) expectations of our employees, customers, investors, and the communities we serve. We are excited to share our insights and forward momentum in this report.
At Eastman, we believe there are always solutions to the challenges the world faces. In fact, our innovations are driven with a specific goal in mind: to solve the world’s greatest challenges by creating the most sustainable materials. Our strategy for that is founded in our commitment to the principles of the United Nations Global Compact, where our purpose, leadership and actions continue to guide us towards carbon neutrality, circularity and caring for society. This is what we call ‘the triple challenge’ and our expertise in material science provides the world’s largest industries — like packaging, automotive, and architecture — with high-quality sustainable solutions that address those complex global issues we collectively face.
Eastman’s moral purpose is to enhance the quality of life in a material way. A decade ago, that meant improving the quality of products to impact quality of life. Today it means caring for 10 billion people while combatting climate change and the plastic waste crisis. Through our work in molecular recycling, we are addressing the triple challenge while helping to build a circular economy — and large brands are joining us in the effort. CamelBak, Clarins, Danone, LVMH Beauty, Nalgene, Patagonia, Procter & Gamble, Stanley Black + Decker, and The Estee Lauder Companies are just a few of the many brands who have committed to sourcing molecular recycled content from Eastman.
This is just the beginning. We will continue partnering up and down our value chain to advance sustainable solutions to address the world’s big challenges.
Mark Costa, Board Chair and Chief Executive Officer