Working to create A Better Circle
Eastman is already scaling new processes, technologies and business models focused on molecular recycling, a key component to mitigating our climate impact, managing our natural capital and keeping plastic waste out of landfills and the environment. We see this as an area of growth.
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Mitigating climate change
| Target year
| Results
2020
| Results
2021
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- Reduce our Scope 1 and 2 greenhouse gas emissions by one-third by 2030 to achieve carbon neutrality by 2050
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2030
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10.2%
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13.8%
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- 100% of North America region and EU purchased electricity will be renewable by 2030 (NEW)
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2030
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—
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10.0%
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We have also received review-level assurance from PricewaterhouseCoopers LLP (PwC) in accordance with attestation standards established by the American Institute of Public Accountants (AICPA) over our Scope 1 and 2 greenhouse gas emissions for the year that ended December 31, 2021.
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Mainstreaming circularity
| Target year
| Results
2020
| Results
2021
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- Recycle more than 500 million pounds of plastic waste annually by 2030 via molecular recycling technologies, with a commitment to recycle 250 million pounds annually by 2025
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2025
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8.8M lb
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12.7M lb
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Our recycling progress will begin a significant upward trajectory in 2023 when operations begin at our new molecular recycling facility in Kingsport, Tennessee.
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Caring for society
| Target year
| Results
2020
| Results
2021
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- 100% of growth R&D spend aligns with sustainable macro trends to create materials that improve the quality of life for people around the world
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2030
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—
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>80%
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- Achieve gender parity in alignment with our commitment to Paradigm for Parity®
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2030
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14%
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13%
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- Be a leader for racial equity within our industry sector
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2030
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14%
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13%
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While we have made gains in our gender representation across the organization, we slid slightly in our racial equity progress over the past year. Through a root-cause analysis, we are working to better understand the drivers of internal talent movement and turnover. We will continue to support the strong talent we bring in to ensure growth throughout
their careers.
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