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

EASTMAN CHEMICAL COMPANY

(EMN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Eastman Chemical : Wall Street Journal names Eastman one of world's most sustainably managed companies

10/15/2020 | 10:37am EDT

KINGSPORT, Tenn. - 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.

Media Contact: Brad Lifford

+1 423-229-6543 / blifford@eastman.com

Investor Contact: Greg Riddle

+1 212-835-1620 / griddle@eastman.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

All news about EASTMAN CHEMICAL COMPANY
06/10EASTMAN KODAKá : Showcasing Digital, Offset, Software Services Portfolio at Chin..
MT
06/10EASTMAN CHEMICALá : increases NPG prices on July 01, 2021
AQ
06/10EASTMAN CHEMICALá : 2021, Jun 10 - Eastman increases NPG prices on July 01, 2021
PU
06/10EASTMAN CHEMICALá : 2021, Jun 10 - Incipio« Group Announces Strategic Sustainabi..
PU
06/10EASTMAN CHEMICALá : Wolfe Research Initiates Coverage on Eastman Chemical With O..
MT
06/09EASTMAN CHEMICAL COá : Other Events (form 8-K)
AQ
06/09EASTMAN CHEMICALá : to Sell Tire Additives Business Product Lines (Form 8-K)
PU
06/09EASTMAN CHEMICALá : to Sell Tire Additives Business to One Rock Capital Partners..
MT
06/09EASTMAN CHEMICALá : One Rock Capital Partners to Acquire Eastman Chemical's Tire..
PR
06/09EASTMAN CHEMICALá : to Sell Tire Additives Business Product Lines
BU
More news
Financials (USD)
Sales 2021 9 452 M - -
Net income 2021 1 147 M - -
Net Debt 2021 4 754 M - -
P/E ratio 2021 14,9x
Yield 2021 2,19%
Capitalization 17 082 M 17 082 M -
EV / Sales 2021 2,31x
EV / Sales 2022 2,18x
Nbr of Employees 14 500
Free-Float 61,2%
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 19
Average target price 134,61 $
Last Close Price 125,33 $
Spread / Highest target 22,9%
Spread / Average Target 7,41%
Spread / Lowest Target -17,0%
EPS Revisions
Managers and Directors
NameTitle
Mark J. Costa Chairman & Chief Executive Officer
William T. McLain Chief Financial Officer & Senior Vice President
Mark K. Cox Chief Manufacturing & Engineering Officer, SVP
Stephen G. Crawford Co-Chief Technology Officer & Executive VP
Aldo Noseda Chief Information Officer & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
EASTMAN CHEMICAL COMPANY24.98%17 082
SAUDI BASIC INDUSTRIES CORPORATION23.27%99 669
AIR LIQUIDE4.79%80 317
WANHUA CHEMICAL GROUP CO., LTD.26.10%56 332
LYONDELLBASELL INDUSTRIES N.V.20.09%36 802
HENGLI PETROCHEMICAL CO.,LTD.-8.08%28 284