Momentive Releases 2024 Sustainability Report
- Reduced Scope 1 & 2 GHG emissions by 42% and Scope 3 by 25% from 2021 baseline.
- Achieved 47% renewable electricity usage, aiming for 50% by 2025.
- Decreased total waste by 47% from a 2019 baseline.
- Introduced biobased and biodegradable products, like Harmonie™ NatuVel Gel.
Overview
Momentive Performance Materials released its 2024 Sustainability Report, detailing advancements in sustainability through innovation, operational excellence, and global collaboration. The report aligns with the United Nations Sustainable Development Goals (UNSDGs) and Corporate Sustainability Reporting Directive (CSRD) compliance.
Our People
Momentive maintained zero significant occupational safety incidents for the third consecutive year and launched the I CARE leadership development program. The company achieved 20.5% representation of women in global leadership roles and delivered over 50,000 hours of employee training.
Our Products
In 2024, 79% of new product sales included sustainability improvements. Momentive expanded its Portfolio Sustainability Assessment and Product Carbon Footprint tools, introduced biobased and biodegradable products like Harmonie™ NatuVel Gel, and advanced sustainable solutions across various industries.
Our Planet
Momentive reduced Scope 1 & 2 GHG emissions by 42% and Scope 3 emissions by 25% from the 2021 baseline. The company achieved 47% renewable electricity usage, decreased total waste generation by 47% from a 2019 baseline, and increased recycling rates by 15% across key production sites. Water-saving technologies were implemented, achieving water consumption goals ahead of schedule.
Recognition
Momentive earned a Silver EcoVadis rating, placing it in the top 15% of companies assessed globally, and maintained leadership in carbon management.
Source: Momentive