GRI G4 Index

Page 1

PINOVA HOLDINGS

creating sustainable value GRI G4 Content Index 2014

pinovaholdings.com

PINOVA HOLDINGS GROUP OF COMPANIES


2

Pinova Holdings

GENERAL STANDARD DISCLOSURES STRATEGY AND ANALYSIS General Standard Disclosure

Page Number (or Link)

External Assurance

G4-1

Pg. 6

ORGANIZATIONAL PROFILE G4-3

Pinova Holdings, Inc.

G4-4

www.pinovasolutions.com/rosin-resins; www.renessenz.com/site/products/matrix

G4-5

2801 Cook Street, Brunswick, GA 31520, U.S.A.

G4-6

Sales in over 100 countries with major operations in the U.S.

G4-7

Torquest Partners, a Canadian equity firm, is Pinova Holdings, Inc.’s major stakeholder. Pinova Holdings consists of two operating entities, Pinova and Renessenz.

G4-8

Pinova Holdings, Inc. serves customers in three customer driven markets worldwide. The serviced are:

• Fragrance Ingredients • Sensory Ingredients • Performance Specialties G4-9

With three production facilities in the U.S. and offices in Europe, South America, and Asia, Pinova Holdings employs 410 workers. Between our two operating entities, we offer 115 different products. We are a privately held company, therefore net sales and capitalization figures are proprietary information.

G4-10

Combined Report for Pinova Holdings

US

Europe

Asia

South America

Total

Male

335

1

1

1

338

Female

68

4

0

0

72

Total

403

5

1

1

410

Hourly

Salary

Non-exempt

Male

117

109

112

Female

7

58

7

G4-11

35% of Pinova Holdings’ workforce is represented by the International Chemical Workers Union Council Local Union No. 852-CICWU/UFCW in 2014.

G4-12

Pg. 13

Our supply chain transforms natural resources into specialty finished products. We engage over 1,000 suppliers of raw materials, maintenance, repair and operations, as well as service providers. Thirty five percent of our total expenditures are on local suppliers within a 100 mile radius of our manufacturing locations. Our products are used in adhesive, construction, food and beverage, personal care, fine fragrances, and agricultural products. G4-13

None

G4-14

Not applied

G4-15

pg. 12

G4-16

pg. 21

American Association of Candy Technologists Organization (AACTC) American Chemistry Council (ACC) Asphalt Emulsion Manufacturers Association (AEMA) Asociación Nacional de Fabricantes de Productos Aromáticos (ANFPA) Chemical Sources Association (CSA) Brunswick-Glynn County Economic Development Authority (BGCDA) Brunswick-Glynn County Chamber of Commerce First Coast Manufacturing Association (FCMA) Flavor and Extract Manufacturers Association (FEMA) Georgia Chamber of Commerce International Chewing Gum Association (ICGA) International Federation of Essential Oils and Aroma Trade (IFEAT) International Food Additives Council (IFAC) International Fragrance Association North America (IFRA) Jacksonville Chamber of Commerce Manufacturers Association of Florida (MAF) Pennsylvania Manufacturing Confectioners’ Association (PMCA) Pine Chemicals Association (PCA) The National Association of Flavors and Food-Ingredients Systems (NAFFS) Research Institute of Fragrance Materials (RIFM)


GRI Index 2014

General Standard Disclosure

Page Number (or Link)

External Assurance

IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES G4-17

Pinova Holdings Inc. operates as two legal entities, Pinova, Inc. and Renessenz, LLC. All our results include both companies unless otherwise indicated.

G4-18

To determine the report content and most material aspects, our senior executives analyzed the intersection of our business strategy with sustainability topics of concern to the chemicals industry and our primary stakeholder groups. They, in collaboration with the Chief Sustainability Officer (CSO), agreed upon our material priorities: alignment with customer needs, advanced innovation, sustainable raw materials supplies, compliance, operational excellence, safety, environmental stewardship, employee development, and community relations.

The Sustainability Team then matched these interests with the GRI Categories and Aspects and selected the ones that were most material to our company and therefore most appropriate for inclusion in our report. The Sustainability Team obtained input from representatives of functional areas that reflected the priorities identified by senior management: Commercial, Communications, Human Resources, Community Relations, Operations, Sourcing and Environment, Health and Safety. G4-19

We identified the following material aspects:

• Economic performance • Procurement practices • Energy • Water • Biodiversity • Emissions • Effluents and waste • Products and Services • Employment • Occupational Health and Safety • Training and education • Diversity and Equal Opportunity • Local communities • Anti-corruption • Customer Health and Safety • Product Service and Labeling • Marketing Communications • Compliance G4-20

All the material aspects identified and listed above in G4-19 are of concern and affect our primary internal and external stakeholders.

G4-21

All the material aspects identified and listed above in G4-19 are of concern and affect our primary internal and external stakeholders.

G4-22

None

G4-23

None

STAKEHOLDER ENGAGEMENT G4-24

• Customers • Emplopyees • Suppliers • Communities • Government Officials • Industry Peers

G4-25

In 2014 we initiated a new business structure that aligns with market opportunities. We identified key stakeholders for engagement during management discussions throughout our business alignment process.

G4-26

Customers – Our market-driven focus has resulted in deeper and more frequent discussions with customers, which occur on an ongoing basis. We are members of SEDEX, a non-profit organization dedicated to driving improvements in responsible and ethical business practices in global supply chains. Our participation furthers transparency and demonstrates our sustainability commitment to customers that access the SEDEX database. We respond to customer sustainability questionnaires throughout the year and our commercial, service and innovation teams interact with customers regularly.

Employees – The leaders of each functional area have primary responsibility for ongoing engagement with their teams. This is supplemented with periodic communication from our senior leadership via our intranet, video monitors and full staff meetings. Suppliers – Nearly 100% of our raw materials are derived from natural, biorenewable material. Our ongoing relationships include education on how to capture the full value of these materials; monitoring related production efficiencies; and exploration of new sources of strategic materials. With existing and new suppliers we conduct periodic audits and/or require completion of a self-assessment. Communities, government officials and industry peers – We have consolidated our community engagement activities under the corporate umbrella in order to have a more consistent and effective approach for all our production locations. Dedicated staff is responsible for ongoing participation in government and local business meetings as well as interaction with community leaders and non-profit organizations. Several employees serve on the boards of non-profits as well as industry associations. We are especially active in the International Fragrance Association, Pine Chemicals Association and American Association of Candy Technologists. Economic development, job opportunities and education are among the topics highlighted by these groups.

3


4

Pinova Holdings

General Standard Disclosure

Page Number (or Link)

External Assurance

G4-27

Customer priorities include product quality and reliability, innovation, responsible labor and environmental practices, and compliance with regulatory, legislative and safety standards. In addition to developing sustainability reports every year since 2011, we demonstrate our commitment through our memberships in the American Chemistry Council Responsible Care® program and SEDEX, and our ISO certifications.

Employees express interest in our financial performance, their personal opportunities to progress professionally, and our company’s concern for safety and maintenance of high standards. We have affirmed the rigor of our practices as members of the American Chemistry Council Responsible Care® program and as recipients of several ISO certifications. Suppliers consider sustainability essential to their success and ours, given that our products come from natural, renewable feedstocks. We partner with suppliers to maximize recovery of strategic materials which would otherwise be considered waste and help them identify sourcing and production opportunities. Communities, government officials and industry peers are concerned about our economic, social and environmental impacts. We address these concerns through significant participation in a range of activities (described in G4-26) and our annual sustainability reporting. REPORT PROFILE G4-28

Calendar year 2014

G4-29

2013

G4-30

Annual

G4-31

info@pinovaholdings.com

G4-32

Core

G4-33

None

The Pinova Holdings board of directors has ultimate decision-making authority and is responsible for oversight and appointment of officers of the corporation. The board’s executive chair is responsible for mutual communication with stakeholders.

GOVERNANCE G4-34

The board’s Audit Committee monitors financial performance, conflicts of interest, privacy, corruption, anti-trust and similar issues. The Compensation Committee sets objectives and pay-for-performance compensation plans for corporate executives. The Health, Safety and Environmental (HSE) Committee monitors the policies, initiatives and key metrics critical to a healthy and safe work environment and a compliant and sound environmental program. Pinova Holding’s CEO and Chief Sustainability Officer report on environmental and social progress to the HSE Committee on a quarterly basis. ETHICS AND INTEGRITY G4-56

Pg 4, 5

Each of our companies has a code of conduct. All employees receive a copy of this code upon initiation of employment. SPECIFIC STANDARD DISCLOSURES DMA and Indicators

Page Number

Identified Omission(s)

Reason(s) for Omission(s)

Explanation(s) for Omission(s)

External Assurance

CATEGORY: ECONOMIC MATERIAL ASPECT: ECONOMIC PERFORMANCE G4-DMA

pg. 7, 11

G4-EC2

pg. 13

Our raw materials come from renewable sources that are potentially vulnerable to climate change influences. We are diversifying our supplier base so we source from regions around the worldwide – thereby minimizing risk of a supply issue related to climatic conditions. We often establish long-term contracts to better manage the financial implications of any major shift in weather. We continually explore new technologies that will increase feedstock yields and reduce our environmental impact. Some of our strategic raw materials add specific benefits to the environment. For example, we eliminate waste by using citrus peels and we extract pine stumps from land that can then be used for agriculture or reforestation. Our clearance of land helps increase the food supply and reduce CO2 emissions. MATERIAL ASPECT: PROCUREMENT PRACTICES G4-DMA

pg. 13

G4-EC9

pg. 21


GRI Index 2014

DMA and Indicators

Page Number

Identified Omission(s)

Reason(s) for Omission(s)

Explanation(s) for Omission(s)

External Assurance

CATEGORY: ENVIRONMENTAL MATERIAL ASPECT: ENERGY G4-DMA

pg. 18

G4-EN3

pg. 19 At Pinova, the pine wood processed is used as fuel to generate 100% of the steam required by the facility and 60% of the electrical demand. Both businesses purchase natural gas and electricity in long term supply agreements.

Total fuel consumption Natural gas = 1,797,077 GJ Total fuel consumption from renewable sources Renewable Biomass Sources = 3,230,635 GJ Energy consumption: Purchased electricity = 334,913 GJ Generated electricity = 53,354 GJ Total energy consumption = 388,267 GJ Methodology: bills and meter readings MATERIAL ASPECT: WATER G4-DMA

pg. 18

G4-EN8

Water withdrawal by source: Surface water = 0 Ground water = 7,836,407m3 Rainwater collected = 0 Waste water from another organization = 0 Municipal water = 38,142m3 Total water withdrawal: 7,874,549m3 Water usage at the Colonels Island facility has been in decline since 2012. Jacksonville had an increase in 2014 due to increase in production. Methodology: Ground water meters used and city water bills.

G4-EN9

pg. 19 On-site groundwater from the Upper Floridan Aquifer is our primary water source. Our initiatives to limit withdrawal have led to a four year decline in our water consumption.

MATERIAL ASPECT: BIODIVERSITY G4-DMA

pg. 21

G4-EN11

pg.18 Pinova Inc.’s 153 acre manufacturing and office facility is located on an incline immediately above the Terry and Dupree Creeks Estuary, part of the Cumberland-St. Simmons Watershed. We are especially conscientious about water discharge in this area because the estuary is a sensitive area for fish populations.

MATERIAL ASPECT: EMISSIONS G4-DMA

pg. 14

G4-EN15

pg. 19 Base year = 2012 Direct emissions (Scope 1) = 95,941 MT Gasses included in calculation = CO2, CH4, N2O Indirect emissions (Scope 2) = 56,040 MT Emissions increased due to more natural gas burning compared to previous years. Methods/assumptions = did not count Biomass CO2. Used metered numbers for natural gas usage and EPA calculations for GHG emissions. Used ACC standards to calculate Scope 2 emissions. Pinova does not track the source of emission factors and does not use a consolidation approach for emissions.

G4-EN18

2.1 Mt of GHG/MT of production (Scope 1) CO2 eq, N2O, CH4 (only in burning of NG)

G4-EN21

NOx = 0.3 KTon SOx = 0.7 KTon VOC = 0.04 KTon PM = 0.02 KTon HAP < 0.1 KTon

MATERIAL ASPECT: EFFLUENTS AND WASTE G4-DMA

pg. 18, 19

G4-EN22

pg. 18 (second paragraph) Water discharge: 1,788,837 m3 to POTW 62,620 m3 to Land Application 445,454 m3 to surface water Method: estimation, meter readings An increase in our production led to increase in water discharge. The Brunswick and Colonels Island facilities have a surface water discharge for non-process, non-contact wastewaters. Colonels Island uses a Land Application system. The Jacksonville facility sends all wastewater to a publicly owned treatment works (POTW). TSS = <150 Ton BOD = <275 Ton

G4-EN24

None

5


6

Pinova Holdings

DMA and Indicators

Page Number

Identified Omission(s)

Reason(s) for Omission(s)

Explanation(s) for Omission(s)

External Assurance

MATERIAL ASPECT: PRODUCTS AND SERVICES G4-DMA

pg. 7

G4-EN27

pg. 18, 19

– CATEGORY: SOCIAL SUB-CATEGORY: LABOUR PRACTICES AND DECENT WORK

MATERIAL ASPECT: EMPLOYMENT G4-DMA

pg. 13, 20

G4-LA1

New Hires

– –

Age

<30

30–50

>50

Total

Male

3 (9.38%)

13 (40.63%)

9 (28.13%)

25 (78.13%)

Female

2 (6.25%)

5 (15.63%)

0

7 (21.88%)

Total

5 (15.63%)

18 (56.25%)

9 (28.13%)

32 (100%)

All new hires are in the U.S. Turnover Rates in US* Age

<30

30–50

>50

Male

0

6 (2.83%)

25 (11.79%)

Female

1 (0.47%)

0

4 (1.89%)

Total

1 (0.47%)

6 (2.83%)

29 (13.68%)

Turnover rates in Europe, Asia and South America were zero in 2014. MATERIAL ASPECT: OCCUPATIONAL HEALTH AND SAFETY G4-DMA

pg. 16

G4-LA6

Type of injury and rates of injury, occupational diseases, lost days, and absenteeism 2014

Employees IR

ODR

LDR

Work-related Fatalities

Region

America

10.23

2.05

223.19

0

Gender

Male

9.21

2.05

217.05

0

Female

1.02

0

6.14

0

IR

ODR

LDR

Work-related Fatalities

Independent Contractors

Region

America

3.8

0

18.98

0

Gender

Male

3.8

0

18.98

0

Female

0

0

0

0

Pinova Holdings is governed by U.S. law as administered by the Occupational Health & Safety Administration (OSHA). We follow any additional requirements of the International Labour Organization (ILO) Code not currently covered by OSHA regarding occupational injuries and diseases, lost days, and total number of work‑related fatalities. TRIR Employees = 2.46 Contractors = 0.76 2013 = 0.98 LTR (cause) Employees = 0.82 Contractors = 0.76 2013 = 0.2

Absenteeism rate

Currently unavailable

Our technical systems do not have a feature that enables us to collect the information. Management will assess the feasibility of implementation over the next five years.


GRI Index 2014

DMA and Indicators

Page Number

Identified Omission(s)

Reason(s) for Omission(s)

Explanation(s) for Omission(s)

External Assurance

MATERIAL ASPECT: TRAINING AND EDUCATION G4-DMA

pg. 17, 20

G4-LA9

Total number of employees: 410 Average hours of training per year

– Employment Type

Salary

Hourly

Non-Exempt

Male

106 hrs

119 hrs

120 hrs

Female

47 hrs

3 hrs

10 hrs

MATERIAL ASPECT: DIVERSITY AND EQUAL OPPORTUNITY G4-DMA

pg. 20

G4-LA12

All members of Pinova Holdings Inc.’s Board of directors are Caucasian men in their 40s–60s

Hourly

Salary

Non-exempt

<30

4

2

13

30–50

120

50

24

>50

-

115

82

Hourly

Salary

Non-exempt

Male

117 (28.54%)

109 (26.59%)

112 (27.32%)

Female

7 (1.71%)

58 (14.15%)

7 (1.71%)

SUB-CATEGORY: SOCIETY MATERIAL ASPECT: LOCAL COMMUNITIES G4-DMA

pg. 21

G4-SO1

pg .21

All our sites met their 2014 community acceptance goals which includes participate in and contributions to many charitable organizations. MATERIAL ASPECT: ANTI-CORRUPTION G4-DMA

See answer to G4-SO4

G4-SO4

All employees receive the Code of Conduct when they initiate their employment, and ethics and anti‑corruption training.

US

Europe

Asia

South America

Hourly

124

-

-

-

Salary

160

5

1

1

Non-exempt

119

-

-

-

SUB-CATEGORY: PRODUCT RESPONSIBILITY MATERIAL ASPECT: CUSTOMER HEALTH AND SAFETY G4-DMA

pg. 14, 21

G4-PR2

None

MATERIAL ASPECT: PRODUCT AND SERVICE LABELING G4-DMA

pg. 14, 21

G4-PR4

None

MATERIAL ASPECT: MARKETING COMMUNICATIONS G4-DMA

pg. 14, 21

G4-PR7

None

MATERIAL ASPECT: COMPLIANCE G4-DMA

pg. 14, 21

G4-PR9

None

7


CONTACT Pinova Holdings, Inc. Corporate Headquarters 2801 Cook Street Brunswick, GA 31520-6160 USA www.pinovaholdings.com Pinova, Inc. Headquarters | Brunswick Plant 2801 Cook Street Brunswick, GA 31520-6160 USA Tel +1 888 807 2958 (North America) Tel +1 912 265 3550 (International) Fax +1 912 261 3534 www.pinovasolutions.com Renessenz LLC Headquarters | Jacksonville Plant 601 Crestwood Street Jacksonville, FL 32208-4476 USA Tel +1 904 768 5800 Fax +1 904 768 2200 www.renessenz.com GRI Content Index on the internet http://www.pinovaholdings.com/gri-content-index http://www.renessenz.com/gri-content-index http://www.pinovasolutions.com/gri-content-index

Disclaimer The information contained in this report, including forward looking statements, is presented in good faith by Pinova Holdings and believed to be correct. We do not make representations or warranties as to its completeness or accuracy.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.