Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Eastman Chemical Company    EMN

EASTMAN CHEMICAL COMPANY

(EMN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Eastman Chemical : Wall Street Journal Names Eastman One of World's Most Sustainably Managed Companies

10/15/2020 | 09:14am EST

The Wall Street Journal has named Eastman (NYSE: EMN) 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.

WSJ experts developed a scoring model that combined transparency by companies themselves in the form of publicly disclosed information in combination with analysis of more than 8,000 media sources. The WSJ wrote that its ranking methodology includes a wide range of sustainability criteria, including a company’s governance practices and leadership, that can be used to assess a company’s ability to create long-term value for shareholders.

The newspaper’s specialists in environment, social and governance (ESG) assessed company performance in four categories: employee and workplace issues, external social and product issues, innovation and business model, and the environment. Eastman’s highest score was in environment, where it ranked No. 30, and it ranked no lower than No. 59 in all other categories. The ESG framework is commonly used in the investment world to assess a company’s sustainability and social impact.

“Eastman is celebrating our centennial anniversary this year, and to build on that century of success, we’re leveraging our ability to change and adapt to deliver sustainable solutions for a world that is moving faster and is facing difficult, long-term challenges,” said Mark Costa, board chair and CEO. “As a material innovation company, it is our responsibility to step up and use our unique skills and expertise to help address challenges that include climate change and the global waste crisis. We know we don’t exist to simply make materials. We exist to make materials that improve people’s lives in a meaningful, measurable way and to create an economy that better serves everyone.”

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, such as feeding a growing population and efficient use of natural resources. The need to accelerate a circular economy that addresses the global waste crisis is also a pressing issue, and Eastman has launched two molecular recycling technologies that are operating at commercial scale. Those technologies are capable of recycling almost any kind of waste plastic an infinite number of times.

Each year, Eastman publishes its goals and progress across a range of sustainability criteria, including sustainability of its portfolio, environmental performance and social impact, in an annual sustainability report.

“We are publishing our 2020 sustainability report in November, and we look forward to that with great anticipation,” said Steve Crawford, chief technology and sustainability officer. “We’ll announce new Eastman sustainability goals as part of the report, and those goals – on areas that include climate and materials circularity – are the most aggressive and far-reaching in the company’s 100-year history.”

The full report on the 100 most sustainably managed companies in the world is available in The Wall Street Journal.

About Eastman: Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2019 revenues of approximately $9.3 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.


© Business Wire 2020
All news about EASTMAN CHEMICAL COMPANY
12/01EASTMAN CHEMICAL : 2020, Dec 01 - Eastman takes on global challenges through amb..
PU
12/01EASTMAN : takes on global challenges through ambitious sustainability agenda
PR
11/30EASTMAN CHEMICAL : 2020, Nov 30 - Eastman to increase tertiary amines capacity i..
PU
11/25EASTMAN CHEMICAL : CFO Willie McLain to address the Citi Basic Materials Virtual..
AQ
11/24EASTMAN CHEMICAL : CFO Willie McLain to Address the Citi Basic Materials Virtual..
BU
11/20EASTMAN CHEMICAL : increases Plasticizers prices on December 01, 2020
AQ
11/19EASTMAN CHEMICAL : 2020, Nov 19 - Eastman increases Plasticizers prices on Decem..
PU
11/19EASTMAN CHEMICAL : increases NPG prices on December 01, 2020
AQ
11/19EASTMAN CHEMICAL : 2020, Nov 19 - Eastman increases NPG prices on December 01, 2..
PU
11/18EASTMAN CHEMICAL : increases Texanol Ester Alcohol and Optifilm Enhancer 300 pri..
AQ
More news
Financials (USD)
Sales 2020 8 381 M - -
Net income 2020 642 M - -
Net Debt 2020 4 993 M - -
P/E ratio 2020 20,1x
Yield 2020 2,67%
Capitalization 13 303 M 13 303 M -
EV / Sales 2020 2,18x
EV / Sales 2021 1,99x
Nbr of Employees 14 500
Free-Float 61,1%
Chart EASTMAN CHEMICAL COMPANY
Duration : Period :
Eastman Chemical Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EASTMAN CHEMICAL COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 95,12 $
Last Close Price 98,18 $
Spread / Highest target 16,1%
Spread / Average Target -3,12%
Spread / Lowest Target -13,4%
EPS Revisions
Managers
NameTitle
Mark J. Costa Chairman & Chief Executive Officer
William T. McLain Chief Financial Officer
Mark K. Cox Chief Manufacturing & Engineering Officer, SVP
Stephen G. Crawford Chief Technology Officer & Senior Vice President
David Wayne Raisbeck Independent Director
Sector and Competitors