Fifth Consecutive Year of Recognition and
Highest Ranking Ever
PITTSBURGH, Dec. 18,
2024 /PRNewswire/ -- Koppers Holdings
Inc. (NYSE: KOP), an integrated global provider of treated
wood products, wood treatment chemicals and carbon
compounds, has been named to America's Most Responsible
Companies 2025 list by Newsweek magazine for the
fifth consecutive year. Koppers achieved its highest placement
ever, ranking No. 113 out of 600 finalists and No. 9 out of 56 in
the Materials & Chemicals category.
"Koppers is pleased to have once again earned a spot on this
noteworthy list and is especially proud to be in the top ten among
Materials & Chemicals companies," said Chief Executive
Officer Leroy Ball. "It is a
meaningful recognition for our global team who works hard every day
to protect the safety of our people and communities, mitigate our
impact on the environment, and provide our customers with critical
products and services."
Notable results achieved by Koppers include:
- Accomplishing the goal of a 50% reduction in scope 1 and scope
2 greenhouse gas emissions (GHG) against a 2007 baseline, seven
years ahead of schedule
- Achieving the lowest Total Recordable Injury Rate (2.67) since
2018
- Becoming the first in the U.S. market to introduce a
penflufen-based preservative, a new patented wood protection
technology, to extend the life of treated wood via pressure
treatment
- Updating the company's materiality assessment, in accordance
with new 2021 GRI standards
- Publishing Koppers Taskforce on Climate-Related Financial
Disclosures (TCFD) report
Selected from the 2,000 largest publicly traded companies
headquartered in the U.S., each winner received scores based on
environmental, social and corporate governance information. These
three scores were combined to assess each company's overall
corporate social responsibility score. The analysis is based on
data from 30 publicly reported key performance indicators, such as
energy usage and charitable donations, as well as a reputation
survey of more than 26,000 U.S. consumers.
The full America's Most Responsible Companies list can be viewed
here. To learn more about Koppers Sustainability reporting, click
here.
About Koppers
Koppers (NYSE: KOP) is an integrated
global provider of essential treated wood products, wood
preservation technologies and carbon compounds. Our team of 2,200
employees create, protect and preserve key elements of our global
infrastructure – including railroad crossties, utility poles,
outdoor wooden structures, and production feedstocks for steel,
aluminum and construction materials, among others – applying
decades of industry-leading expertise while constantly innovating
to anticipate the needs of tomorrow. Together we are providing safe
and sustainable solutions to enable rail transportation, keep power
flowing, and create spaces of enjoyment for people everywhere.
Protecting What Matters, Preserving The Future. Learn more at
Koppers.com.
Inquiries from the media should be directed to Ms. Jessica Franklin Black at BlackJF@koppers.com or
412-227-2025. Inquiries from the investment community should
be directed to Ms. Quynh McGuire at
McGuireQT@koppers.com or 412-227-2049.
Safe Harbor Statement
Certain statements in this
press release are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and may
include, but are not limited to, statements about sales levels,
acquisitions, restructuring, declines in the value of Koppers
assets and the effect of any resulting impairment charges,
profitability and anticipated expenses and cash outflows. All
forward-looking statements involve risks and uncertainties.
All statements contained herein that are not clearly historical
in nature are forward-looking, and words such as "outlook,"
"guidance," "forecast," "believe," "anticipate," "expect,"
"estimate," "may," "will," "should," "continue," "plan,"
"potential," "intend," "likely," or other similar words or phrases
are generally intended to identify forward-looking statements. Any
forward-looking statement contained herein, in other press
releases, written statements or other documents filed with the
Securities and Exchange Commission, or in Koppers communications
and discussions with investors and analysts in the normal course of
business through meetings, phone calls and conference calls,
regarding future dividends, expectations with respect to sales,
earnings, cash flows, operating efficiencies, restructurings, the
benefits of acquisitions, divestitures, joint ventures or other
matters as well as financings and debt reduction, are subject to
known and unknown risks, uncertainties and contingencies.
Many of these risks, uncertainties and contingencies are beyond
our control, and may cause actual results, performance or
achievements to differ materially from anticipated results,
performance or achievements. Factors that might affect such
forward-looking statements include, among other things, the impact
of changes in commodity prices, such as oil and copper, on product
margins; general economic and business conditions; potential
difficulties in protecting our intellectual property; the ratings
on our debt and our ability to repay or refinance our outstanding
indebtedness as it matures; our ability to operate within the
limitations of our debt covenants; unexpected business disruptions;
potential delays in timing or changes to expected benefits from
cost reduction efforts; potential impairment of our goodwill and/or
long-lived assets; demand for Koppers goods and services;
competitive conditions; capital market conditions, including
interest rates, borrowing costs and foreign currency rate
fluctuations; availability and fluctuations in the prices of key
raw materials; disruptions and inefficiencies in the supply chain;
economic, political and environmental conditions in international
markets; changes in laws; the impact of environmental laws and
regulations; unfavorable resolution of claims against us, as well
as those discussed more fully elsewhere in this release and in
documents filed with the Securities and Exchange
Commission by Koppers, particularly our latest annual report
on Form 10-K and any subsequent filings by Koppers with
the Securities and Exchange Commission. Any forward-looking
statements in this release speak only as of the date of this
release, and we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after
that date or to reflect the occurrence of unanticipated events.
For Information:
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Jessica Black, Manager,
Corporate Communications
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412 227 2025
BlackJF@koppers.com
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SOURCE KOPPERS HOLDINGS INC.