Sustainability Governance
To deliver on our sustainability ambitions, it is crucial to have strong sustainability governance, with oversight from the Board and responsibility embedded across the business.
Our governance structure for sustainability begins with the Nominating and Corporate Governance Committee of the Board, where our Non-executive Board Sponsor for Sustainability, Brian Snell, oversees and monitors the progress against our sustainability strategy and targets. The Committee is ultimately accountable for the achievement of our 2030 targets.
Our Sustainability Council is responsible for reporting sustainability performance to the Board.
This Council is comprised of workstream leaders from across Venator’s global operations who
represent each business unit and function. The Sustainability Council is chaired by Dr Rob Portsmouth, our Senior Vice President for Sustainability, Human Resources, Environment, Health, and Safety (EHS). It meets quarterly to review performance and progress against key initiatives contributing to our sustainability targets, and works to identify new ways Venator can continuously improve sustainability performance.
Created in 2022, the Council is responsible for implementing our sustainability strategy that will ensure that we deliver against our sustainability targets. Each Council member takes responsibility for the progress of a sustainability workstream by coordinating activities with their teams globally and carrying out strategic actions that can contribute to our targets.
In 2023, the Sustainability Council worked across a range of priority topics:
- Assessing climate-related risks and opportunities in line with the TCFD recommendations.
- Creating a sustainable supply chain framework.
- Working on programs to progress the decarbonization of Venator’s manufacturing facilities.
- Working toward compliance with new sustainability regulations and frameworks, including the EU Corporate Sustainability Reporting Directive.
- Developing our People strategy to advance our sustainability agenda.
Ultimately, achieving our sustainability targets requires the attention and work of everyone across Venator; it is the Council’s responsibility to provide the necessary knowledge, training, and guidance to support our associates in realizing the importance of sustainability.