SOURCE: Eastman Chemical Company
KINGSPORT, Tenn., Nov. 1, 2012 /3BL Media/ - Eastman Chemical Company (NYSE:EMN) today announced that the company ranked fourth out of 34 U.S. companies in the materials sector in Newsweek’s 2012 Green Rankings. Eastman had an overall rank of 204 out of the 500 largest publicly traded U.S. companies, an improvement of 152 places from its 2011 ranking.
The year-over-year improvement in Eastman’s ranking is in part due to the company’s increased reporting transparency, including the release of its second sustainability report and first-ever Global Reporting Initiative report, and a continued focus on tracking and improvement against aggressive sustainability goals. Recently, Eastman joined the World Business Council for Sustainable Development, the leading organization for advocating corporate sustainability, and was also named a 2012 ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency earlier this year.
“This ranking is a reflection of Eastman’s ongoing commitment to sustainability. We are delighted to see that our progress is being noticed,” said Godefroy Motte, Senior Vice President and Chief Regional and Sustainability Officer. “We are also excited that our increased focus on enhancing sustainably-advantaged products through innovative design and materials is creating new business opportunities for our customers – a major objective in Eastman’s sustainability journey.”
Newsweek’s Green Rankings are based on environmental impact, environmental management and environmental disclosure data collected by environmental research providers Trucost and Sustainalytics. Eastman was ranked at the top of the materials sector for environmental management, which is an assessment of each company’s environmental footprint, including its policies, programs, targets and initiatives.
Published annually since 2009, the Newsweek Green Rankings project is the first effort by a major media organization to rank companies based on their environmental footprint, management of that footprint and sustainability communications. The rankings provide a cross-industry framework for comparing the environmental commitment and performance of the largest publicly traded companies worldwide. For more information about Newsweek's 2012 Green Rankings for U.S. companies, visit: http://www.thedailybeast.com/newsweek/2012/10/22/newsweek-green-rankings...
About Eastman Chemical Company
Eastman is a global specialty chemicals company that produces a broad range of advanced materials, additives and functional products, specialty chemicals and fibers that are found in products people use every day. As a world leader in the diverse markets it serves, Eastman is focused on delivering innovative and technology-based solutions while maintaining its commitment to safety and sustainability. Serving customers in approximately 100 countries, Eastman had 2011 pro forma revenues, giving effect to the Solutia acquisition, of approximately $9.3 billion. The company is based in Kingsport, Tenn., and, with the completion of the Solutia acquisition, now employs approximately 13,500 people around the world.
For more information about Eastman, visit www.eastman.com.
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KEYWORDS: Sustainable Enterprises, Environment, Company Ratings, Newsweek, Green, Eastman Chemical Company, Newsweek’s 2012 Green Rankings, 2012 ENERGY STAR® Partner of the Year