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2/16/2016 Page 1 How Chevron Phillips Chemical Company is Building a Sustainable Tomorrow

Building a Sustainable Tomorrow Rick Wagner SUSTAINABILITY MANAGER

HOW CHEVRON PHILLIPS CHEMICAL COMPANY IS


Company Founded in 2000


About Us Manufacturer of petrochemicals that are essential to manufacturing over 70,000 consumer and industrial products Currently $12.3 billion in assets and more than $14.1 billion in annual revenues Trusted supplier to customers in 140 countries A highly educated and diverse workforce of approximately 5,000 employees working on four continents across the globe


Manufacturing Locations

Saudi Arabia Qatar

Singapore

China South Korea

Belgium

Colombia

United States


Our Products


Major Company Brands


Divisions & Affiliates


Business Drivers for Sustainability Investors and Owners Social License to Operate Customers Employees


Resource Realities • Growth of people with financial

ability to buy more than basic needs are increasing more rapidly

• Minerals, water and energy are becoming more difficult to acquire

• Linkages of global marketplace cause local events to have global consequences

• Transparency of risk is key to maintain stakeholder acceptance of license to operate


Sustainability as a Performance Advantage

Low vs

High

Low Sustainability Focus – Control group with little or no Sustainability policies in 1993

High Sustainability Focus – Group with Sustainability policies

dating back to early 1990’s

VW vs

EW

Value Weighted – Return based upon share price

Equity Weighted – Return based upon net income

Source: “The impact of Corporate Sustainability on Organizational Processes and Performance” Robert G. Eccles, Ioannis Ioannu, George Serafeim, May 2012. Working Papers, Harvard Business School


“As a company, we define sustainable as keeping the health and safety of our workforce paramount in our daily operations, being a responsible steward of the environment, creating the chemical building blocks for products that will exceed customer expectations, and acting responsibly and ethically across our global business dealings.” – Peter Cella, CEO

Chevron Phillips Chemical Company


Business Strategy for Sustainable Growth Vision – To be the premier chemical company achieving superior financial results while protecting people and the environment.

Strategy – Grow profitably with sustainable competitive advantage and operational excellence to continuously improve the value created for our shareholders, customers, employees and communities.


Programs and Practices Adoption of Life Saving Rules to compliment an Operational Discipline focus

Asset Integrity and Reliability Organization

Engaging our employees in creating a great place to work

Diversity and Inclusion initiatives

Began construction of our US Gulf Coast Petrochemicals Project

Completed startup of the worlds largest on-purpose 1-Hexene plant

Engaging with industry associations to address regional and global issues

Communicating with stakeholders to assess sustainability performance


Performance Examples


Communication of Our Performance External Website Annual Sustainability Report Stakeholder Engagement Industry Engagement


Connect with Us Online - @chevronphillips

Building a�Sustainable �TomorrowCompany Founded in 2000About UsSlide Number 4Our ProductsMajor Company BrandsDivisions & AffiliatesBusiness Drivers for SustainabilityResource RealitiesSustainability as a Performance AdvantageChevron Phillips Chemical CompanyBusiness Strategy for Sustainable GrowthPrograms and PracticesPerformance ExamplesCommunication of Our PerformanceConnect with Us Online - @chevronphillips

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