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Eastman named one of the World’s Most Ethical Companies

From Staff Reports • Feb 26, 2019 at 9:30 PM

KINGSPORT — Eastman has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies® for the sixth consecutive year.

The honor underscores Eastman’s commitment to leading with the highest ethical business standards and focusing its efforts to foster a zero-incident mind-set, including zero incidents of unethical behavior.

“We see it as our purpose and responsibility at Eastman to enhance the quality of life in a material way through our innovative technologies, products and people,” Eastman Board Chair and Chief Executive Officer Mark Costa said in a news release. “We can only be successful in fulfilling that purpose by building trust and confidence with all of our stakeholders, from employees and communities to customers and investors. This award is a testament to our team members and their commitment to operate and conduct business with the highest standards of ethics and integrity.”

Eastman has policies and initiatives in place that allow its team members to cultivate a culture of integrity and ethical standards. The company’s Office of Global Business Conduct, led by Eastman Chief Legal and Sustainability Officer David Golden, establishes the Code of Business Conduct, which outlines the laws, principles and guidelines all employees follow regarding honesty, integrity and responsible corporate behavior. Regular training on the Code of Business Conduct is required for all employees. Additionally, the Business Conduct Helpline is a confidential, 24-hour-a-day phone service staffed by communications specialists employed by an independent, globally recognized service provider.

“Eastman’s commitment to ethical business practices and a zero-incident mind-set aligns closely to the company’s focus on continual improvement within the environmental, social and governance (ESG) framework,” said Karen Guske, director of Public Policy and Global Business Conduct. “We recognize the correlation between ESG performance and a company’s financial performance. We’re not only focused on strong governance policies and practices, but on reducing our environmental footprint and collaborating across the value chain to drive social innovation.”

Said Golden: “The world is changing. As an innovation-driven materials company, Eastman sees its role in the value chain to deliver innovative solutions that address the complex challenges facing the world. Through an ESG lens, we are continuously assessing challenges and opportunities to drive our strategy, establish goals, and make a positive impact on society.”

The full list of the 2019 World's Most Ethical Companies can be found at: https://worldsmostethicalcompanies.com/honorees.

Eastman had 2018 revenues of approximately $10 billion and is headquartered in Kingsport.