Koppers Holdings (KOP) Highlights Sustainability Commitment in 2024 Corporate Report
- Koppers Holdings reports a record low Total Recordable Incident Rate of 2.52, emphasizing workplace safety and a Zero Harm culture.
- The company achieved a 53% increase in solar energy production with a new solar panel system in Mayfield, Australia.
- Koppers launched the Sustainability Cloud to enhance reporting accuracy and was recognized as one of America's Climate Leaders.
Koppers Holdings Showcases Commitment to Sustainability in 2024 Corporate Report
Koppers Holdings Inc. (NYSE: KOP) underscores its dedication to sustainability with the release of its 2024 Corporate Sustainability Report, revealing notable advancements in its Sustainability Plan. Centered around the principles of People, Planet, and Performance, the report highlights several key achievements, including a record low Total Recordable Incident Rate (TRIR) of 2.52. This milestone reflects Koppers' unwavering commitment to fostering a Zero Harm culture, prioritizing the safety and well-being of its workforce. The company's leadership, notably CEO Leroy Ball, emphasizes that adherence to core values is crucial in navigating the complexities of the current global landscape.
In addition to safety improvements, Koppers demonstrates its commitment to renewable energy with a remarkable 53% increase in solar energy production. This achievement is largely attributed to the installation of a new 100-kilowatt solar panel system at the company's facility in Mayfield, Australia. Such investments not only contribute to reducing the carbon footprint but also align with global efforts to promote sustainable energy practices. The report also highlights Koppers' proactive approach to disaster recovery, having delivered 40,000 utility poles in response to hurricanes Helene and Milton, showcasing the company's role in supporting communities during crises.
Koppers further enhances its sustainability initiatives through the launch of the Koppers Sustainability Cloud, a new data management hub aimed at improving reporting accuracy and aligning with international industry standards. The recognition from Newsweek as one of the Most Responsible Companies for the fifth consecutive year, alongside being named one of America's Climate Leaders by USA Today for the third time, reflects the effectiveness of Koppers' sustainability governance. Chief Legal and Sustainability Officer Stephanie Apostolou notes that the company is committed to strengthening its sustainability strategies and setting ambitious targets through 2030, ensuring that innovation and long-term value creation remain at the forefront of Koppers' operational ethos.
In conjunction with these achievements, Koppers Holdings remains dedicated to engaging its stakeholders in sustainability efforts, reinforcing transparency in its operations. The full 2024 Corporate Sustainability Report is available for review, providing insights into the company's strategic initiatives and future goals. As Koppers continues to drive its sustainability agenda, it sets a standard for corporate responsibility in its industry, balancing economic performance with environmental stewardship and social accountability.
