New partnership supports Venator's
sustainability ambition
WYNYARD, UK, Dec. 7, 2022
/PRNewswire/ -- Venator (NYSE: VNTR) today announced that
it is working with Atos – a global leader in digital transformation
– to measure the carbon footprint of its products. As Venator
increases its focus on sustainability across its operations, this
strategic project will enable the business to deliver data on the
carbon footprint of its products to its customers and accelerate
its sustainability ambitions.
Atos will help Venator gather key insights from its existing
data that will enable enterprise-wide deployment of a specialist
digital product carbon footprint (PCF) tool originally developed by
BASF.
Rob Portsmouth, Senior Vice
President, Sustainability at Venator, said: "We're acutely aware
that what we do today will impact the world tomorrow. Working in a
sustainable way is central to our business. We're proud of our
progress but we know we can go further. Working with Atos to
automate the carbon footprint calculation of our products is a big
step forward. It will help Venator achieve our ambitions by
identifying improvements needed to make our business and our
product portfolio even more sustainable. Providing product carbon
footprint data will also help our customers make more informed
choices."
"Our collaboration has shown that Venator is in a very good
position to build an automated PCF with their excellent data and
ERP process foundation." said Stuart Lemmon, Head of Net Zero
Transformation Practice, at Atos. "With this pilot project, Venator
will be able to have a clear, transparent and comparable PCF for
the products in scope. They will also be able to gain valuable
insights into internal and external supply chain dependencies,
supported by the graph visualization, which can help them in
developing sustainability commitments which span the entire supply
chain."
Venator's work with Atos is part of a wider corporate program on
sustainability. Over the past year, Venator has:
- Liaised with its stakeholders to find out which environmental,
social and governance issues matter most to them – pinpointing the
highest-priority focus areas for its business
- Made a concerted effort to measure its full carbon footprint by
incorporating Scope 3 impacts into its assessments
- Published its second Sustainability Report "Sustainability.
It's our future." and aligned its reporting to GRI standards
- Signed the UN Global Compact
- Engaged KPMG to assist with the development of its
decarbonization program.
The PCF calculation tool and methodology developed by BASF is
based on Life Cycle Assessment methodology and calculates
cradle-to-gate PCF. The methodology is based on ISO14067:2018 for
the carbon footprint of products, which builds on the principles
and requirements of the ISO standards 14040:2006 and
14044:2006.
About Venator
Venator is a global manufacturer and marketer of chemical
products that comprise a broad range of pigments and additives that
bring color and vibrancy to buildings, protect and extend product
life, and reduce energy consumption. We market our products
globally to a diversified group of industrial customers through two
segments: Titanium Dioxide, which consists of our TiO2
business, and Performance Additives, which consists of our
functional additives, color pigments and timber treatment
businesses. Based in Wynyard, U.K., Venator employs approximately
3,500 associates and sells its products in more than 110
countries.
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SOURCE Venator Materials PLC