Page 9 - Hexion Sustainability Report 2021

Materiality 1 Climate Change Sustainability

Product

Waste
Associate Safety
Assessment Water Use Energy Use Stewardship
0.8
and Well-Being
Product
Ethics

Materials
0.6 Management Spills and
Hexion’s sustainability goals are the key to ensuring Community Environmental
Releases
alignment of our values and focus on meeting the Importance to External Stakeholders Harmful
Diversity and Substances
expectations of our key stakeholders such as associates, Public Policy Inclusion Privacy and
Information
0.4 Practices Security Innovation,
suppliers, customers, investors and others. Corporate Associate Development Research, and
Governance
Human Supply Chain and Engagement Development
As part of its corporate ESG strategy and planning Rights Engagement and Associate Attraction
Management and Retention
initiatives, Hexion completed an updated materiality 0.2 Investor
Relations Reputation
assessment in 2020. During this assessment, we engaged
Geopolitical Landscape
with various internal and external stakeholders with
support from ERM and the Datamaran software solution. 0

Datamaran is the market leader in ESG risk management 0 0.2 0.4 0.6 0.8 1
Importance to Hexion
and allows us to continuously monitor trends in material
topics in order to shift ESG focus as needed.

Based on its latest materiality assessment, Hexion 2030 Sustainability Goals
identified the following topics to be most material:
Hexion subsequently aligned its strategic sustainability goals

• Product Sustainability with Sustainable Development Goals (SDGs). SDGs are

• Innovation, Research and Development 17 goals with 169 targets that all UN Member States have
agreed to work towards achieving by the year 2030. They set
• Climate Change
out a vision for a world free from poverty, hunger and disease.
• Associate Safety and Well-being
SDGs also enable companies to:
• Product Stewardship
• Better manage their risks;
• Spills and Environmental Releases
• Anticipate consumer demand;
While not limiting our sustainability efforts to these focus
• Build positions in growth markets;
areas alone, these topics drove creation of Hexion’s
• Secure access to needed resources; and
current sustainability goals and metrics.
• Strengthen supply chains.

More about SDGs at www.un.org/sustainabledevelopment.