Momentive Releases Updated Sustainability Report
COLUMBUS, Ohio - (June 21, 2013) - Momentive Performance Materials Inc. (“MPM”) and Momentive Specialty Chemicals Inc. (“MSC”) today announced the joint publication of the latest version of Sustainability: A Top to Bottom Approach.
The report provides expanded metrics related to environmental and safety performance, as well as an update on a number of ongoing sustainability initiatives. For example, greenhouse gas emissions have been reduced by 6 percent collectively for MPM and MSC since 2010. In addition, MPM and MSC saw its aggregate Occupation Illness and Injuries Rate (OIIR) performance improve significantly as the injury rate declined by 66.9 percent over the last six years.
“We continue to maintain our strong environmental, health and safety (EH&S) focus and are committed to driving continuous improvements in all areas,” said Craig O. Morrison, Chairman, President and CEO. “Our sustainability report highlights our analytical, process-driven and metrics-based approach to maintaining safe and sustainable workplaces, conserving resources and protecting the environment for ourselves, our customers and our global communities.”
“MSC and MPM take an integrated business approach to sustainability with the ultimate goal of creating stakeholder value through environmental and product stewardship, risk management, safety and compliance,” said Karen Koster, Executive Vice President, EH&S. “We’ve seen this approach drive significant gains in our OIIR, as well as a 73 percent reduction in environmental reportable events, which includes permit excursions, environmental spills and releases, since 2007. While the goal remains zero injuries and environmental incidents, we are pleased to demonstrate continuous improvement in these critical areas.”
The sustainability report is available at www.momentive.com.
About Momentive Specialty Chemicals Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.) is the global leader in thermoset resins. Momentive Specialty Chemicals Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Momentive Specialty Chemicals Inc. is an indirect wholly owned subsidiary of Momentive Performance Materials Holdings LLC.
About Momentive Peformance Materials Inc.
Momentive Performance Materials Inc. is a global leader in silicones and advanced materials, with a 70-year heritage of being first to market with performance applications for major industries that support and improve everyday life. The Company delivers science-based solutions, by linking custom technology platforms to opportunities for customers. Momentive Performance Materials Inc. is an indirect wholly-owned subsidiary of Momentive Performance Materials Holdings LLC.
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. Its technology portfolio delivers tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities and Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.