MALVERN, PA — Ecovyst Inc. (NYSE: ECVT), a global leader in advanced materials, specialty catalysts, and services, has been awarded the prestigious Platinum sustainability rating by EcoVadis. This accolade places Ecovyst in the top one percent of companies in its peer group, underscoring its commitment to sustainable business practices and corporate responsibility.
The Pennsylvania-based company’s recognition comes as a result of its ongoing efforts to integrate sustainability into its operations. “Over the years, we have worked to ensure that the principles of sustainability are adopted and embraced across our company,” said Kurt J. Bitting, Ecovyst’s Chief Executive Officer. “We are pleased that our incremental efforts to promote more sustainable business practices have been recognized by EcoVadis.”
Ecovyst’s sustainability initiatives range from producing cleaner-burning hydrocarbon-based fuels to pioneering advanced recycling processes for plastic waste streams. Their work is aimed at reducing vehicle emissions and supporting the production of sustainable fuels. These efforts reflect Ecovyst’s dedication to not only meet but exceed the expectations of customers, suppliers, employees, and investors.
EcoVadis, the entity behind the rating, is a renowned name in the field of business sustainability ratings. Since its inception in 2007, it has created a global network of over 125,000 rated companies, making it the largest and most trusted provider of such ratings. The EcoVadis methodology evaluates how well a company has integrated sustainability and corporate social responsibility into its business and management systems. This evaluation is based on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and ISO 26000.
The Sustainability Scorecard provided by EcoVadis evaluates performance across 21 indicators within four crucial themes: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. The prestigious Platinum rating bestowed upon Ecovyst signifies the exceptionally high performance achieved by the company across all these critical areas.
Ecovyst’s two specialty businesses, Ecoservices and Advanced Materials & Catalysts, are uniquely positioned within their respective markets. Ecoservices recycles sulfuric acid for the North American refining industry and provides virgin sulfuric acid for industrial and mining applications. It also offers chemical waste handling and treatment services and ex-situ catalyst activation services for the refining and petrochemical industries.
Advanced Materials & Catalysts, on the other hand, supplies finished silica catalysts, catalyst supports, and functionalized silicas necessary to produce high-performing plastics and to enable sustainable chemistry. Through its Zeolyst joint venture, it provides specialty zeolites used in catalysts that support the production of sustainable fuels, remove nitrogen oxides from diesel engine emissions, and are broadly applied in refining and petrochemical processes.
The recent acknowledgment signals Ecovyst’s unwavering commitment to sustainability and corporate responsibility. Moving forward, as the company persists in its innovative pursuits and further enhances its operational strategies, industry observers are expected to closely monitor its progress toward achieving an even more sustainable future.
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