Nexeo Solutions Releases 2017 Sustainability Report
27 August 2018 - 7:05PM
Nexeo Solutions, Inc. (NASDAQ:NXEO) announced the publication of
the company’s first sustainability report which follows the Global
Reporting Initiative (GRI) Standards. The sustainability report
provides an overview of the company’s economic, social and
environmental performance for 2017 and outlines targets for the
future. The report is available at
https://www.nexeosolutions.com/about-us/sustainability/.
"We are taking this opportunity to increase the transparency of
our sustainability metrics and targets. Our efforts tell a
compelling story that reflect our desire to be an industry leader,
not just in what we do, but how we do it," said David Bradley,
President and Chief Executive Officer. "Our teams are performing
great work on a daily basis to create responsible,
resource-efficient supply chains that deliver exceptional value for
our customers, suppliers, and the communities in which we
operate."
Some of Nexeo Solutions’ 2017 sustainability performance
highlights include:
- Avoided > 5,000 tons of Greenhouse Gas (GHG) emissions
through distribution site efficiency improvements.
- Diverted 98% of waste from landfill at the company’s owned
distribution sites.
- Saved > 400 lbs. of paper and envelopes through a transition
to paperless invoicing.
- Invested $30.7 MM from 2014 – 2017 in environmental
improvements at owned and/or operated distribution sites and
offices.
- Helped customers divert 316,000 tons of waste from landfill,
and helped 9 customers achieve zero waste to landfill.
- Increased inventory accuracy to > 98%, and reduced
pick error rate to < 0.1% with the investment and implementation
of a technology-based Warehouse Management System.
- Increased fuel efficiency and delivery service by implementing
a technology-based Transportation Management System expanding
private fleet utilization by 170 basis points.
- Improved safety performance to a record low rate of 3.3
injuries per 100 employees, aslo reported by the Occupational
Health and Safety Administration rate of as a Total
Recordable Injury Rate of 0.60.
- Hosted 90 quality, safety, environmental and social audits of
company distribution sites by employees, customers,
third-party standards bodies and federal regulatory agencies.
- Sustained reduction in 1.8 million lbs. of steel annually with
a transition to lighter weight steel drums.
- Expanded training and development in the areas of safety and
customer experience to broader employee groups.
- Added the European Federation for Cosmetic Ingredients (EFfCI)
– EFfCI Good Manufacturing Practice (GMP) for Cosmetic Ingredients
certification to the quality process.
Nexeo Solutions commits to a precautionary approach, as
introduced by the United Nations in Principle 15 of ‘The Rio
Declaration on Environment and Development’ to proactively manage
environmental risk and impact in business operations. The company
participates in the SUPPLIERS PARTNERSHIP FOR THE ENVIRONMENT®, the
MANUFACTURE 2030 initiative, and maintains memberships with the
National Association of Chemical Distributors™ and Responsible
Distribution Canada® (RDC). The company also recently published, a
Supplier Code of Conduct, a Compliance Policy Statement and a Human
Rights Position Statement available on the company website.
About Nexeo Solutions, Inc.Nexeo Solutions is a
leading global chemicals and plastics distributor, representing
products from world-class producers to a diverse customer base.
From product specification to sustainable solutions, the Company
goes beyond traditional logistics to provide value-added services
across many industries, including chemicals manufacturing, oil and
gas, coatings, personal care, healthcare, automotive and 3D
printing. The Company leverages a centralized technology platform
to identify efficiencies and create solutions to unlock value for
suppliers and customers. Learn more at www.nexeosolutions.com.
FOR FURTHER INFORMATION PLEASE CONTACT
Media Relations +1.281.297.0851
Media.Relations@nexeosolutions.com Investor Relations
+1.281.297.0856 Investor.Relations@nexeosolutions.com
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