Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Chemicals

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

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Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > New ESG standards issued

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Post by Pandoraon Mar 14, 2022 8:30pm

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Post# 34513614

New ESG standards issued

Invested last week. May have had second thoughts if these new standards were issued before
that.

Chemtrade Logistics Income Fund (TSX: CHE.UN) announced a comprehensive set of ESG targets that it will track and monitor. A summary of each of the targets is shown in the table below. Additional details are contained in Chemtrade’s 2021 Annual Information Form that is available on Chemtrade’s website (Chemtradelogistics.com) and on SEDAR (Sedar.com).

Scott Rook, President and CEO said “I am pleased to announce today our comprehensive ESG targets at Chemtrade. These targets are consistent with our strategy of being a leading example of ESG in the North American chemical industry. Achieving these targets will require a lot of hard work from everybody on our team. We are committed to achieving these targets as these are the right things to do for all our stakeholders.”

ESG TARGETS
Environmental	GHG and other air emissions	Reduce or offset 2021 baseline direct greenhouse gas (GHG) emissions emitted from sources we own or control (Scope 1 emissions) by 50% by 2025 Including all future acquisitions, maintain GHG intensity (kg GHG/kg product) below the chemical industry average (based on Chemistry Industry Association of Canada data)
	Industrial and Hazardous Waste	Reduce high clay alumina landfill disposal by an additional 20% of 2021 baseline by 2025
	Energy Management	Ensure a minimum of 85% of our electricity usage is from hydroelectric or other renewable sources and maintain this target when making acquisitions
Social	Workforce Health and Safety	Achieve employee occupational injury/illness incident rates (OIR) of 0.7 by 2025 Avoid all serious injuries or fatalities for employees and contractors in 2022 and beyond
	Operational Safety, Emergency Preparedness and Response	Reduce Level 1 spills or releases by 50% of 2021 baseline by 2025 Reduce the number of transportation incidents by 40% of 2021 baseline by 2025
	Employee Engagement and Diversity	Achieve industry benchmark employee engagement survey results by 2023 Across the organization, fill 40% of vacancies with black, Indigenous and people of colour (BIPOC) and/or women by 2024 Achieve 50% BIPOC and/or women in all management positions by end of 2025
Governance	Corporate Governance and Business Ethics	Demonstrate leadership on ESG by reporting material Sustainable Accounting Standards Board (SASB) factors in alignment with Task Force on Climate-Related Financial Disclosure model (Governance, Strategy, Risk Management, Metrics and Targets) Incorporate ESG into short term and long-term incentive plans of executives starting in 2022