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The Wall Street Journal has named Eastman one of the 100 most sustainably managed companies in the world. This list by the publication is based on analysis by its experts on how well companies perform across a range of sustainability analytics, including environment, innovation and the workplace. The list of the 100 most sustainably managed companies in the world was published Oct. 12. The Wall Street Journal (WSJ) reviewed more than 5,500 publicly traded companies around the world to arrive at the top 100 that are most sustainably managed. Out of those 5,500, Eastman is ranked No. 90. Eastman is one of only three U.S.-based companies in the chemicals sector on the list. Eastman is a member of the United Nations Global Compact and is guided by its 10 principles for sustainable business, and Eastman aligns with Global Reporting Initiative standards and the U.N. Sustainable Development Goals. Eastman’s innovation-driven growth strategy has for several years been predicated on delivering material solutions for some of the world’s most pressing problems.
Eastman was named to the Forbes list of America’s Best-in-State Employers 2020 in the state of Tennessee. For its second annual ranking, Forbes partnered with global business data platform Statista to identify the organizations liked best by employees in each of the 50 states, plus the District of Columbia. “We are honored to be recognized in this way and to be named alongside so many notable and reputable companies,” said Chairman and CEO Mark Costa. “As we celebrate our centennial anniversary this year, I am proud that Eastman remains a relevant and thriving employer and that our Kingsport employees value being part of the Eastman team. This recognition reflects an appreciation of our culture, our values, and our purpose of enhancing the quality of life in a material way.” America’s Best-in-State Employers were identified based on an independent survey from a vast sample of 80,000 U.S. employees working for companies employing at least 500 people. Employees were not consulted via their employers but anonymously through a series of online panels a
As part of its dedication to create a more circular economy, Eastman has joined two organizations – the Ellen MacArthur New Plastics Economy Global Commitment and the U.S. Plastics Pact – that unite members behind a shared vision to deliver solutions that address the plastic waste crisis. Eastman joined some of the world's leading businesses in signing the New Plastics Economy Global Commitment, and it is a founding signatory to the U.S. Plastics Pact, which is a collaborative led by The Recycling Partnership and World Wildlife Fund in partnership with the Ellen MacArthur Foundation. Signatories to the Global Commitment and Plastics Pact are united by real actions to create a future where plastic never becomes waste.
As part of its centennial celebration, Eastman has launched its first podcast. Voices of Eastman showcases the success, values and people who have helped shape the company over the last 100 years. Voices of Eastman highlights current and former employees and the personal and professional experiences that made an impact on them, Eastman, and their communities. "Our 100-year history is rich with stories from the people who've been at the center of our success," said Betty Payne, Director, Corporate Communications. "This podcast is a new and exciting channel for sharing those stories and celebrating the values that guided our past and will shape our future." The "Voices of Eastman" podcast is available for listening via SoundCloud, Apple Podcasts, Spotify, Google Play, TuneIn, iHeartRadio and Stitcher. New episodes will be published bi-weekly.
“We are very excited to announce this investment in our Dresden site and our Films business,” said Erin Bernhardt, general manager of Eastman’s Performance Films business. “The additional capacity will allow us to meet the continued strong growth we’re seeing in Europe and around the globe for our paint protection films as well as provide versatility to meet growing customer needs in high-value automotive and architectural window films.”
“Consistent with Eastman’s focus on balanced and disciplined capital allocation and stockholder returns, I am pleased that the company has each year for the past decade increased the dividend,” said Curt Espeland, executive vice president and chief financial officer. “This action reflects the Board’s confidence in our ability to deliver earnings growth and strong cash flow generation.”
Eastman will be 100 in 2020, but we've started celebrating early. With this celebration, we've also launched Eastman's new Instragram account. Follow us @eastmanglobal.
If you haven't read our sustainability report, take a look.
Honored to be among the ranks again ....
Board Chair and CEO Mark Costa said, “Eastman has the technology, the innovation power and the people to make a difference. Eastman is now uniquely positioned to deliver two powerful innovation solutions that target different plastic waste streams that pose complex challenges. Plastics are used in so many important ways. But because some don’t have good end-of-life solutions or are discarded, the world is facing a problem of significant magnitude.”
