Environmental, Sustainability

Hexion's VAD B.V Awarded EcoVadis Gold

September 14, 2023
Ecovadis gold rating 2023 for Versatics

EcoVadis, a global sustainability ratings provider, has awarded Hexion Versatic™ Acids and Derivatives Business Gold-medal status for its commitment to sustainability. It places Hexion VAD B.V. in the top four percent of companies assessed. Our EcoVadis rating reflects the ongoing commitment we’ve made to our associates, the communities in which we operate and our customers to operate our business responsibly.

Our EcoVadis score puts us in the 96th percentile of rated companies. The top performing sustainability assessment themes were environment, labor & human rights and ethics with strong contributions on policies and measures.

“Our Versatic™ Acids and Derivatives portfolio is geared toward providing solutions for our customers that help address some of the world’s most pressing sustainability challenges,” said Jeroen Jansema, Vice President and General Manager, Versatic Acids and Derivatives. For example, two of our Versatic products, VeoVa™ vinyl esters and Cardura™ glycidyl ester, enable low-VOC waterborne paint formulations for longer-lasting architectural and automotive applications that provide strong water resistance and exterior durability.” 

This EcoVadis assessment provides a clear path forward in our sustainability journey and the continuous improvement of our sustainability management system.  Please refer to our 2022 Hexion Sustainability Report for more information.

EcoVadis is a leading global standard for business sustainability ratings, evaluating more than 85,000 companies globally. The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. 

EcoVadis’ business sustainability ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The ratings provide an evidenced-based analysis on performance and an actionable roadmap for continuous improvement.