Momentive releases 2022 sustainability report
Niskayuna, NY – Momentive Performance Materials, Inc. (Momentive) released its 2022 Sustainability Report highlighting many of the company’s innovative solutions contributing to a more sustainable future, and its progress toward achieving 2025 Sustainability Goals.
“Sustainability is core to everything we do at Momentive” said Sam Conzone, Momentive President & CEO, PhD. “This is why Solutions for a Sustainable World™ is our tagline. We are delivering solutions that not only improve and strengthen our customers’ products, but also empower them to perform more sustainably. Our relentless dedication to sustainable product-based innovation will help society evolve while reducing our impacts on the planet.”
The Report provides an overview of the company and its sustainability journey, and highlights Momentive’s recent commitment to the Science-Based Target Initiative (SBTi) and Carbon Disclosure Project (CDP). As a signatory to the United Nations Global Compact (UNGC) since 2021, this report also demonstrates Momentive’s commitment to upholding the UNGC’s Ten Principles in the areas of human rights, labor standards, the environment, and anti-corruption, working within their sphere of influence to encourage broader support. This is Momentive’s third Communication on Progress (COP) indicating the company’s activities and management systems in support of the UNGC principles. Similar to previous publications, the 2022 report contains three sections that connect directly to the company’s 2025 Sustainability Goals.
Momentive’s People – more than 5,000 spread across 40-plus locations in 20 countries – drive change. The innovative spirit of the Momentive team sparks new ideas that improve lives. Sustainability is embedded in how they think and act, including the company’s culture grounded in safety and sustainability, and commitment to a more inclusive future. Highlights include:
Momentive’s technology organization, spread across nine primary sites, is fueled by People, Processes, and Culture, which together drive Innovation for their Customers. In 2022, 79 percent of new product sales delivered sustainability improvements – exceeding the goal of 75 percent three years earlier than the 2025 target.
Momentive’s tagline is Solutions for a Sustainable World™, and they enable this in everything they do. The company’s aim is to have impact today, while protecting the world for the future.
“In 2022, we made great progress on sustainability commitments, which is a testament to the impact of our strategy, our people, and our ability to collaborate with stakeholders internally and externally,” said Conzone. “As a global corporate citizen, it is our duty to continually evolve on our journey forward. Momentive will continue to drive innovations that deliver Solutions for a Sustainable World™, that align with our 2025 Sustainability Goals, that solve our customers’ challenges, and that help protect our planet for years to come.”