Tronox Issues 2022 Sustainability Report
STAMFORD, Conn., May 10, 2023 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's leading integrated manufacturer of titanium dioxide pigment, today announced the publication of its 2022 sustainability report. The report details the significant steps taken over the last year to advance its leadership role in sustainability and protecting the environment:
Reinforced Scope 1 and 2 carbon emission reduction targets, recommitting to the accelerated carbon intensity reduction targets of 35% by 2025 and 50% by 2030 against a 2019 baseline.
Created regional decarbonization roadmaps that will be integral to meeting the Company's net zero by 2050 goal.
Set Scope 3 emissions targets to decrease emissions intensity by 9% by 2025 and 16% by 2030 against a 2021 baseline.
Reduced waste to external landfills by 10% on an absolute basis from the 2019 baseline, keeping on course to meet the 2025 and 2030 reduction targets of 15% and 25%, respectively.
Spearheaded a leading safety indicator program encouraging proactive reduction of potential hazards in the work environment resulting in over 2,500 unique improvements at sites.
Empowered women leaders through the creation of a new Women in Leadership program to help increase gender balance in the Company's leadership roles.
Built community partnerships completing several Local Economic Development Projects in South Africa and working hand-in-hand with the Indigenous community members of the municipalities in which Tronox operates.
"It is imperative that we preserve our privilege to do business around the world, and that requires trust, integrity, engagement and action," said Jennifer Guenther, chief sustainability officer and head of investor relations and financial planning. "This is why Tronox embeds sustainability into all of our business decisions so that sustainability and our business strategy are truly one in the same. This foundation supports our priority to grow our business and to do it in a way that creates lasting value for all our stakeholders."
"We remain committed to purposeful investments in our people, operations and product portfolio to deliver on our sustainability and business commitments," said Jean-François Turgeon, co-chief executive officer.
John D. Romano, co-chief executive officer, added, "Sustainability is a part of Tronox's strategic vision for growth. We have set and will hold ourselves accountable to bold, yet actionable, sustainability goals and the pursuit of new value streams from sustainable products and byproducts."
The 2022 sustainability report is available at Sustainability Reports - Tronox.
About Tronox
Tronox Holdings plc is one of the world's leading producers of high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products and high-purity titanium chemicals, and zircon. We mine titanium-bearing mineral sands and operate upgrading facilities that produce high-grade titanium feedstock materials, pig iron and other minerals. With approximately 6,500 employees across six continents, our rich diversity, unmatched vertical integration model, and unparalleled operational and technical expertise across the value chain, position Tronox as the preeminent titanium dioxide producer in the world. For more information about how our products add brightness and durability to paints, plastics, paper and other everyday products, visit tronox.com.
Cautionary Statement about Forward-Looking Statements
Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance, anticipated completion of extensions and upgrades to our mining operations, anticipated trends in our business and industry, anticipated costs, benefits and timing of project newTRON and Atlas Campaspe, the Company's anticipated capital allocation strategy including future capital expenditures, and our sustainability goals, commitments and programs. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance, actual costs, benefits and timing of capital projects, or achievements to differ materially from the results, level of activity, performance, anticipated costs, benefits and timing of capital projects, or achievements expressed or implied by the forward-looking statements. Significant risks and uncertainties may relate to, but are not limited to, macroeconomic conditions; inflationary pressures and energy costs; currency movements; political instability, including the ongoing Russia and Ukraine conflict and any expansion of such conflict; supply chain disruptions; market conditions and price volatility for titanium dioxide, zircon and other feedstock materials, as well as global and regional economic downturns, that adversely affect the demand for our end-use products; disruptions in production at our mining and manufacturing facilities; and other financial, economic, competitive, environmental, political, legal and regulatory factors. These and other risk factors are discussed in the Company's filings with the Securities and Exchange Commission.
Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, synergies or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether because of new information or future developments.
Media Contact: Melissa Zona +1.636.751.4057
Investor Contact: Jennifer Guenther +1.646.960.6598
View original content to download multimedia:https://www.prnewswire.com/news-releases/tronox-issues-2022-sustainability-report-301820193.html
SOURCE Tronox Holdings plc
