![]() New Product Development: The company continues to focus on developing new products with sustainable attributes, such as its recently-launched ArmorBuiltâ„¢ fire resistant wrap, a new product that reportedly improves fire protection when applied to a substrate such as wood utility poles.While the company's goal remains zero SIF incidents, Hexion experienced only one SIF incident last year. Hexion began tracking SIFs in 2013, and over that time, the company has decreased SIF injuries by 95%. ![]() SIFs are defined as high-risk work activities, which if not properly controlled, could result in serious injuries, permanent disabilities, and/or fatalities. In addition, Hexion has created a cultural change program targeting a reduction in severe incident factor (SIF) injuries. Safety: Hexion's Occupational Illness and Injuries Rate (OIIR) dropped to 0.45 in 2020, the lowest rate recorded in the company's history.The report focuses on a number of key accomplishments, including: The introduction of formal sustainability goals in 2020 also strengthened our commitment to sustainable growth and delivering on our strategic approach of 'Responsible Chemistry,' which includes collectively supporting our associates, customers and communities." While we remain focused on continually improving our environmental, health and safety performance, their dedication drove the Company to a new level of safety excellence in 2020. "I'd like to acknowledge the hard work and tremendous focus demonstrated by our associates in meeting the challenges associated with the global pandemic, while continuing to operate our manufacturing sites without interruption and serving our valued customers. "In a year that saw Hexion post its best safety and environmental performance in its history, as well as introduce formal sustainability goals, our Company made significant progress and pulled together like never before in 2020 to advance our strategic sustainability initiatives," said Craig Rogerson, chairman, president, and CEO. recently announced the release of its "2020 Sustainability Report" highlighting the company's efforts and accomplishments in enhancing safety, efficiency, sustainability, and social responsibility.
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