Page 5 - Hexion Sustainability Report 2021

• In December 2021, Hexion Holdings announced
that it entered into a definitive agreement to be

acquired by affiliates of American Securities LLC
for $30.00 per share in cash. On March 15, 2022,

the transaction was completed.

Even as we made significant changes to our

portfolio of businesses, our commitment to

sustainability remained constant.

Marking our Milestones

We were pleased to be recognized for our
progress to date with our sustainability initiatives,

including:

• In June 2021, Hexion announced that it was

ranked among the top four companies in the

North American chemical sector 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.

• In April 2021, Hexion announced that it received
its first ENERGY STAR Partner of the Year
®
award, one of the highest honors bestowed

by the United States Environmental Protection
Agency’s ENERGY STAR program, for our

multi-year waste reduction and energy efficiency
improvements.

• The Epoxy Business, now owned by Westlake
Chemical Corporation, was recognized by The

Society of Plastic Engineers’ (SPE) at its Annual
Automotive Innovation Awards Program for an

™
EPIKOTE epoxy resin system specified by
Rassini and found in Ford Motor Company’s
F-150 pickup truck. In addition, Daimler was

recognized as the “Grand Innovation SPE
Award” winner by SPE with their submission of

a gearbox carrier, which leverages the EPIKOTE

Resin TRAC 06398 based epoxy system.