Sector News

Chevron Phillips Chemical CEO Says Sustainability is Being Redefined, Urges Petrochemical Industry to Enhance Connectivity

November 25, 2014
Chemical Value Chain
(BUSINESS WIRE) – Digital technologies such as social media, mobile devices and the Internet are growing exponentially, connecting people from around the globe. This global connectivity is becoming a driving force behind greater transparency of corporate conduct, and is redefining what sustainability means for the petrochemical industry, according to Peter L. Cella, president and chief executive officer of Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical).
 
During his address, “Petrochemical Growth v. 2030: How the Connected World is Redefining Sustainability,” at the Gulf Petrochemicals and Chemicals Association (GPCA) Annual Forum in Dubai, Cella discussed how sustainability has evolved over the years and how the changing expectations on transparency and corporate conduct in a digital age are impacting the industry.
 
“Doing the right thing and communicating with greater transparency is becoming an imperative, and social media is one of those essential vehicles,” said Cella.
 
Social media has made the transparency process much easier for businesses, and its power is astounding – and growing. User activities on Facebook, Twitter and other social media platforms lead to almost immediate action, both positive and negative. It’s this dynamic that businesses and leaders should recognize so they can provide greater transparency among their customers and stakeholders.
 
Cella continued to explain that customers, business partners, employees and other stakeholders want to work with transparent companies that openly display good corporate conduct. The numerous social media resources readily available allow for prompt and broad communication of strong stewardship and other positive endeavors for companies.
 
“Let’s be proactive and transparent in shaping our reputation,” said Cella. “Social media platforms allow us to do just that – by providing a window into our corporate conduct. They also allow us to gather rich insight and identify potential issues. Let’s use the medium to our benefit.”
 
Source: Chevron Phillips Chemical Company LLC

comments closed

Related News

January 29, 2023

Dow and 3M cut thousands of jobs

Chemical Value Chain

3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.

January 29, 2023

Sweden discovers Europe’s largest rare earths deposit

Chemical Value Chain

Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.

January 29, 2023

Avantium to supply Henkel with plant-based FDCA

Chemical Value Chain

Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).

How can we help you?

We're easy to reach