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Sustainability

Environmental, social and governance

Our strategy

Guided by the Huber Principles, our commitment to responsible stewardship reaches back to the 1950s, long before sustainability was a concern for many companies. In 2017 we reinforced this commitment through Huber’s comprehensive 2018-2022 Sustainability Strategy.

A critical part of our Sustainability Strategy is our commitment towards Environmental, Social and Governance (ESG) topics. 

Our ESG sustainability approach:

Environmental

Safeguarding our planet

Fulfilling our goal to improve today for a better tomorrow requires us to be responsible stewards of the environment, dedicated to leaving a light footprint and preserving ecosystems for future generations. One of the cornerstones of our Sustainability Strategy’s approach and codified in our Environmental Health & Safety (EH&S) Sustainability Principle, protecting our planet is a part of our legacy. Owned by a multi-generational family, we’ve been committed to environmental sustainability for generations. But this dedication to protecting our planet and our communities has never been more critical than it is today.

Our approach to environmental sustainability performance is based on developing and using emerging technologies and innovations to:

  • Lighten our impact on the planet.
  • Minimize climate- and water-related risks.
  • Utilize resources responsibly across the product lifecycle with an emphasis on the use of ethical and sustainable practices

Social

Putting people first in all we do

Everything we do at Huber is motivated by a desire to improve today for a better tomorrow. This is especially true in our approach to social responsibility, where the Huber Principles serve as guideposts to build a strong, sustainable company that will continue to enhance the lives of millions of people around the world for generations to come.
Our Philosophy is based on:

  • Improving the health, safety and well-being of our employees.
  • Creating a collaborative culture that enables Huber to recruit and retain high-quality talent.
  • Ensuring everyone – regardless of gender, ethnicity, age, sexual orientation or disability – can be their best selves at work.
  • Enhancing our product portfolio so that everything we make has a positive impact on people, the planet and prosperity.
  • Strengthening the communities in which we operate.

Governance

Applying and building on best practices

Although Huber is privately owned, the Company adheres to many of the best practices of publicly traded enterprises, including maintaining robust governance structures. Under the Portfolio Management Company (PMC) organizational model, Huber’s three largest businesses – CP Kelco, Huber Engineered Materials and Huber Engineered Woods – each have their own dedicated Management Board, whose members have significant experience in the relevant industries they serve. This ensures that Huber leaders within each portfolio business are supported by a Board with both the expertise and governance rigor to help drive the business forward toward their goal of developing innovative products and services.

The Huber Board has four standing committees:

  • Audit & Finance: Aids the Board in upholding rigorous financial reporting standards, ensuring the quality and integrity of Huber’s accounting and financial reporting, maintaining an effective capital structure and keeping the Company’s enterprise risk processes up to date.
  • Compensation & Human Capital: Helps the Board guide Huber’s employee compensation philosophies, management development strategies and culture
  • Corporate Governance & Nominating: Assists the Board in matters of corporate governance by providing oversight of Board organization, operations and effectiveness.
  • Environment, Health, Safety & Sustainability (EHS&S): Guides the Board in developing and implementing Huber’s sustainability initiatives.

Innovation

Development and use of emerging technologies, products, solutions, and applications that transform business operations and the way people live. This includes business model innovation, product market penetration and adoption, intellectual property protection, etc

Climate and water strategy

Physical risks (e.g., extreme weather patterns and changing global temperature) and transition risks (e.g., policy changes that influence energy and fuel sourcing) and opportunities presented by climate change and the transition to a low-carbon economy (e.g., electric vehicles), as well as adaptation and resilience measure adopted. This includes greenhouse gas (GHG) emissions, energy use, renewable energy as well as water-related topics such as water stress, sea-level rise, etc.

Diversity, equity and inclusion (DE&I)

Diversity, Equity & Inclusion encompasses the processes, practices and behaviors that support the active integration and fair treatment of all employees as we create a culture that welcomes and invites different backgrounds and perspectives to achieve the best performance for the organization. Equally important is having a diverse and inclusive culture that sustains a strong talent pipeline, keeps our current workforce engaged, attracts future employees and contributes to the communities where we work and live. Our Company engages employees through the I Belong at Huber initiative, which ensures every employee feels accepted, respected and that they belong.

Circularity

Ethical and sustainable use of resources across the product lifecycle from raw material sourcing to production processes to product end-of-life across the entire value chain. This includes supply chain risks and risk management, product lifecycle assessments, recycled and recyclable materials, zero waste operations, sustainable forestry, biodiversity impact, etc.

Product commercialization with societal benefits

Development and commercialization of Huber’s product portfolio and growth of associated markets to the benefit of the environment, society and communities. This includes residential home resiliency and fire safety, alternative proteins and healthy diets, health care products, enabling new technologies such as the electric vehicle industry, etc.

Sustainable development goals

Huber’s Sustainability Strategy aligns with a global set of objectives, the United Nations Sustainable Development Goals, known as the UNSDGs. Set to be launched in 2023, Huber’s next Sustainability Strategy will also be informed by and aligned with the UNSDGs.

Icons sustainability goals

Examples of recent projects and awards

huber advanced materials sustainability powergeneration

Efficient power generation

Huber Advanced Materials is investing in a new power plant at our Fire Retardant Additives facility in Bergheim, Germany. The project will replace the current lignite power plant with a natural gas-fired cogeneration plant to produce 100% of the site’s required steam and electrical demand.

The new power plant will reduce carbon emissions by more than 40%, cut the production of ash by 100% and eliminate daily lignite truck traffic to the site. Transition to the new power plant is scheduled for 2023.

New Marblehead plant solar array

Marblehead solar array

Huber has committed to deriving 30% of its energy portfolio from alternative, renewable sources.

In 2021, the Huber Advanced Materials Marblehead facility partnered with local government and a solar energy provider to install a 1.8 MW solar array and associated electrical infrastructure for delivery of power to the facility. The plant is now receiving more than 60% of its power from the array during daylight hours, reducing carbon emissions by 1,700 metric tons a year.

Best managed companies logo

Recognition as a US Best Managed Company

J.M. Huber Corporation has been selected as a US Best Managed Company for three consecutive years. The 2022 designees are private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people and fostering a dynamic, resilient culture, as well as strong financials. The Best Managed Companies program is a mark of excellence for private companies. Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance.

Ecovadis

Sustainability rating

J. M. Huber achieved a "Silver" level in EcoVadis Sustainability Rating in 2022, up from "Bronze" in 2020, which means we are now among the top 25% of companies assessed by this highly regarded ESG ratings platform. EcoVadis examines all aspects of a company's ESG performance, as well as how a company communicates its progress.

Logo von CDP

CDP sustainability rating

Guided by the Huber Principles and driven by our Sustainability Strategy, Huber is making rapid progress on our goals to lighten the Company’s environmental footprint. These efforts were acknowledged in December 2020 by the CDP (formerly the Carbon Disclosure Project), a gold standard of third-party environmental performance ratings.

For 2020, Huber received a “B” score from the CDP, which signifies that the organization is taking coordinated and appropriate action on climate issues. Huber’s score exceeds the average performance of the chemical industry (“C”) and North American businesses as a whole (“D”).

The CDP disclosure provides a mechanism through which we can demonstrate this prioritization to our customers and partners and provide transparency into the environmental impact that these projects offer. By being transparent about our sustainability efforts, Huber also proves that the organization takes appropriate actions when assessing and responding to near- and long-term climate-related risks. This shows our commitment and resiliency to customers, employees and creditors.

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