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Kraton Corporation's 2024 Sustainability Report: Innovating with Purpose

Kraton Corporation, a prominent global player in the production of specialty polymers and biobased products derived from pine wood, has published its highly anticipated 2024 Sustainability Report, titled "Innovating with Purpose." This report underscores the company's ongoing commitment to sustainability and highlights key advancements across various essential categories, including climate action, product circularity, and value chain collaboration.

The 2024 report reflects a pivotal year in Kraton's sustainability journey, marked by impressive achievements. Marcello Boldrini, the CEO of Kraton, stated, "2024 marked a pivotal year in Kraton's sustainability journey. We turned ambition into action, significantly reducing our Scope 1 and 2 emissions by 41% from our 2014 baseline and earned an EcoVadis Platinum rating for the fourth consecutive year." This achievement is a testament to Kraton's focused efforts toward decarbonization, biobased innovation, and strategic partnerships with key customers like WJ Group and Henkel, aimed at addressing global sustainability challenges.

The CEO's remarks further emphasized the increasing demand for sustainable chemicals and reiterated Kraton’s focus on developing innovative solutions that foster strong partnerships. This holistic approach ensures that Kraton remains competitive while effectively leading the industry's transformation towards sustainable practices.

Rogier Roelen, Kraton's Chief Sustainability Officer, noted the enhancements made to their sustainability processes: "We have established new processes to scale credible, data-driven sustainability across our business." The company advanced its Environmental, Social, and Governance (ESG) reporting, implementing a data harmonization program and completing a Double Materiality Assessment to align more closely with the Corporate Sustainability Reporting Directive (CSRD). Additionally, nearly 90% of Kraton's product portfolio is now covered by Life Cycle Assessment (LCA) data, offering customers transparency regarding the environmental impacts of their products.

Key Highlights from the 2024 Sustainability Report

• - Achieved a 41% reduction in Scope 1 and 2 greenhouse gas emissions since 2014.
• - Maintained an EcoVadis Platinum rating for the fourth consecutive year.
• - Received the 2024 Nitto Supplier Sustainability Award.
• - Completed a Double Materiality Assessment to guide ESG priorities and support CSRD alignment.
• - Launched a data excellence program aimed at enhancing ESG data quality and automating reporting, alongside establishing new decarbonization targets.
• - Finalized a $35 million investment for enhancements to its crude tall oil biorefinery towers in Panama City, Florida.
• - Expanded LCA data, offering customers significant insights into product environmental impacts.

Kraton's 2024 report is structured around three sustainability pillars: Being Reliable Partners, Preserving Planet, and Empowering People. It adheres to established standards, including the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB), the United Nations Global Compact, and the Task Force on Climate-related Financial Disclosures (TCFD).

In conclusion, Kraton Corporation demonstrates a robust commitment to sustainability through measurable actions and strategic partnerships. The complete 2024 Sustainability Report can be accessed on Kraton's website at sustainability.kraton.com.

About Kraton Corporation

Kraton Corporation stands as a leading producer of specialty polymers and high-value performance products fashioned from renewable resources. Its diverse range of polymers finds application in sectors such as adhesives, coatings, personal care products, and automotive, among others. Established as the largest global provider in the pine chemicals industry, Kraton's products are widely available in over 70 countries worldwide, catering to a diverse customer base.

For further inquiries, please contact Mariam Stevens at (346) 435-8042 for media relations or additional information.