To us, paths leading to a more sustainable future are built not only by responding to risks to our business, but also by addressing the concerns of our stakeholders and safeguarding our ability to operate responsibly. CPChem utilizes a robust Enterprise Risk Management (ERM) process to identify risks, allowing us to proactively recognize and mitigate potential hazards to our business and assets. Our ERM process evaluates a wide range of potential risk areas, including sustainability, access to capital, antitrust, product liability, loss of primary containment, margin, hurricane, geopolitical risk, major projects and systemic trade issues.  

Our regulatory risk assessment process is managed by our Ethics and Compliance Office. Risk assessments are completed every two years at our facilities worldwide, spanning 15 potential risk areas to determine factors that could impact compliance with relevant regulations and laws.

Transparency is critical to the success of our business. We regularly measure our impacts through performance metrics and progress against internal goals. We have included these performance indicators in this year’s report, which can be seen in our Performance Data Tables. The regular enhancement of our measurement ability and commitment to ambitious yet achievable goals will help CPChem achieve long-term, sustainable growth.

Managing Risks 

Measuring and Achieving Progress


 

CPChem’s European operations were awarded the EcoVadis Gold Medal rating. This award program assesses seven management indicators across 21 sustainability criteria. 

CPChem employee and executive compensation are directly tied to meeting the company’s safety, environmental and performance targets.

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