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Eastman Chemical Company, commonly referred to as Eastman, is a leading player in the chemicals nec industry, headquartered in the United States. Founded in 1920, the company has established a strong presence in various operational regions, including North America, Europe, and Asia.
Eastman is renowned for its innovative solutions in specialty chemicals, advanced materials, and additives, catering to diverse sectors such as automotive, consumer goods, and pharmaceuticals. The company’s commitment to sustainability and product excellence sets it apart, with a portfolio that includes unique offerings like copolyester resins and performance films.
With a rich history of milestones, Eastman has consistently positioned itself as a market leader, recognised for its technological advancements and customer-centric approach. Its dedication to quality and innovation continues to drive its success in the global chemicals landscape.
-2 vs industry average
Eastman’s score of 30 is lower than 47% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chemicals is among the most carbon-intensive industries
The Chemicals industry has reduced its overall emissions by 19% since 2018
Scope 3 accounts for ••• of total emissions.
Eastman, a US-based company in the Chemicals nec industry, reported Scope 1 emissions of 6,579,760,000 kg CO2e and Scope 2 (market-based) emissions of 371,443,000 kg CO2e in 2024. Scope 3 emissions from purchased goods and services were 5,302,608,000 kg CO2e in the same year.
The company has set several climate commitments, including an overarching goal of achieving carbon neutrality for its Scope 1 and 2 greenhouse gas (GHG) emissions by 2050. This long-term commitment is supported by a near-term target to reduce absolute Scope 1 and 2 GHG emissions by one-third (approximately 33.33%) by 2030, using a 2023 baseline. Other near-term absolute reduction targets include a 32% reduction in combined Scope 1 and 2 GHG emissions by 2030 from a 2017 baseline, and separate 30% reductions for both Scope 1 and Scope 2 emissions by 2030, using a 2020 baseline. Eastman also aimed to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade (2025).
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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