Portfolio Value Program
Creating Sustainable Value at Clariant
How will we live in 2030 and how will we shape our lifestyle according to sustainable principles when the world's population continues to grow as projected, the global standard of living improves, and resources diminish? Which products will meet these needs?
When translating this macro picture of the changing sustainability landscape into the reality of the specialty chemicals industry, the components of the challenge ahead are threefold: to deliver innovative and competitive solutions to meet very specific industry needs and applications (Performance), while committing to environmentally sustainable and market-leading products and services (Planet) and meeting the societal needs and demands of present and future (People). These questions inspired Clariant to launch the Sustainability@Clariant Portfolio Value Program at the end of 2012.It is Clariant’s vision to become the globally leading company for specialty chemicals and to stand out for above-average value creation for all of our stakeholders. Sustainability therefore is one of the strategic pillars in the company’s strategy.
The Sustainability@Clariant Portfolio Value Program integrates these defining elements and represents an important milestone on the way to realizing Clariant’s vision. The program’s holistic approach provides a significant driver for sustainability progress not only within the company, but also across the value chain and ultimately the chemicals sector.
Based on thorough analysis of sustainability trends and needs, as well as on the input and views of external stakeholders the PVP system was developed with its core elements, a criteria catalogue and screening process. This process will ensure our sustainability performance, bring forward verifiable claims and drive continuous improvement of our product portfolio. The system allows us to continuously identify and strengthen opportunities for value chain collaboration, engage in dialog with customers and stakeholders and further add value with sustainability.
The PVP screening process is the basis to identify possible EcoTain® products and solutions, assessing them against market standards and for their overall sustainability contribution and impact. Company experts carry out the PVP screening process by reviewing each product and solution across its entire life cycle. Offerings that meet our sustainability excellence standards are put forward and confirmed by a corporate review panel.
REFLECTING PEOPLE, PLANET AND PERFORMANCE ACROSS THE LIFE CYCLE
At the heart of EcoTain® and the Portfolio Value Program (PVP) is the desire to maximize the sustainability performance and benefits of our products and solutions, while simultaneously working to minimize their impact and risk. We achieve this by measuring the impacts and benefits of our offerings against a comprehensive set of sustainability criteria. These criteria are based on three dimensions: social, environmental and economic. It’s our Triple Bottom Line perspective reflecting the three dimensions People, Planet and Performance.
Dialog is a vital foundation of our business. We at Clariant listen closely to what our customers, end users and stakeholders say, and aim to anticipate future requirements, trends and challenges. We test and evaluate our offerings to ensure that they are safe for use and address relevant environmental and social needs, now and in the future.
SAFE USE, TRANSPARENCY AND INFORMATION
EcoTain® products and solutions have been screened for their hazard classification level, such as in relation to CMR properties or whether they are listed as substances of very high concern by regulatory authorities or specific stakeholders. In addition, EcoTain® solutions are scrutinized for the level of solvents and the amount of VOCs in the use phase.
ADDRESSING MEGATRENDS AND SOCIETAL NEEDS
By addressing megatrends and societal concerns, such as food, nutrition, health, environmental and safety issues, EcoTain® aims to provide timely solutions to relevant issues. Furthermore, EcoTain® solutions consider those that desire green and sustainable living, while also contributing to climate change prevention.
As a specialty chemicals company, Clariant has the opportunity and ability to provide products and solutions that safeguard and support the future of our society and environment. Our products are evaluated against benchmarks for material sourcing and efficiency, energy conservation, climate change protection as well as the reduction of emissions and water consumption. This evaluation goes beyond the production of our offerings to incorporate the materials we purchase, the benefits to our customers as well as the end-of-life of our products.
RAW MATERIALS AND SUSTAINABLE SOURCING
Optimized material sourcing and efficiency, safeguarding scarce raw materials and using renewable raw materials—certified whenever possible—provide significant benefits for the planet. Products and solutions carrying the EcoTain® label also consider material food competition, the use of recycled materials and keep the impact on biodiversity to a minimum.
RESOURCE EFFICIENCY AND ENVIRONMENTAL PROTECTION
We design and manufacture products so that they are resource efficient. In terms of materials, water and energy, less environmental impact on air, water and land as well as minimum waste, EcoTain® products and solutions are highly compatible with the environment. This does not only apply to our manufacturing processes and efforts—but across the entire life cycle, i.e. from the raw materials used for the products to their end-of-life.
We believe in giving our customers and society sustainable offerings that do not compromise on performance, and even exceed expectations. With EcoTain®, we can verify and provide products and solutions with customized, high-quality advantages and promote integrated sustainable business models that maximize results.
INTEGRATED SUSTAINABLE BUSINESS
The EcoTain® label takes into account whether products and solutions have a high degree of product-related services adding value to customers and users in our offerings. In addition, it examines where products and solutions in partnership with downstream or upstream collaboration can support sustainability efforts across the value chain.
Through features and customer benefits, e.g., multi-functionality, convenience and allowing for certification, EcoTain® products and solutions underscore their commitment to performance as well as sustainability.