https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
Patterson
Chairman, President and CEO
I N T R O D U C T I O N
B O B P A T T E R S O N
PolyOne Corporation 7
PolyOne Corporation 8
H I S T O R I C P A S T
I N S P I R E D F U T U R E
S U S T A I N A B I L I T Y A T P O L Y O N E
PolyOne Corporation 9
P E O P L E P R O D U C T S P L A N E T
S A F E T Y F I R S T
PolyOne Corporation 10
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Injuries per 100 Workers
Spartech
Acquisition
T H E P O L Y O N E A C A D E M Y
PolyOne Corporation 11
Leadership Program Participants
2012
2013
2014
2015
47
0
86
2016
2017
125
169
216
Campus Hires
2008
2011
2014
2017
0
25
90
47
S U S T A I N A B L Y I M P A C T I N G D I V E R S E E N D M A R K E T S
PolyOne Corporation 12
With emphasis on:
• Light-weighting
• Reducing packaging materials
• Improving recyclability
• Reducing spread of infection
• Facilitating alternative energy
solutions
Transportation
18%
Industrial
16%
Building &
Construction
12%
Consumer
12%
Packaging
11%
Healthcare
11%
Wire & Cable
9%
Electrical &
Electronics
6%
Appliance
5%
P R O D U C T S A N D P O R T F O L I O O P T I M I Z A T I O N
PolyOne Corporation 13
R E I N V E S T G R O WD I V E S T ( D S S )
O U R P L A N E T
PolyOne Corporation 14
Energy
Saving Projects
26
10%
REDUCTION
47
11%
REDUCTION
Waste
Reduction Projects
2,557
LSS Projects
Executed
202
PolyOne LSS
Blackbelts
2011
2014
2017 202
2008
147
67
0
0
2,557
2008 2017
S U S T A I N A B I L I T Y A T P O L Y O N E
PolyOne Corporation 15
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
2009 2010 2011 2012 2013 2014 2015 2016* 2017*
A D J U S T E D E P S E X P A N S I O N
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 16
8
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
*Pro Forma for sale of DSS
E A R L Y Y E A R S D E F I N E D B Y S P E C I A L T Y
M I X I M P R O V E M E N T
PolyOne Corporation 17
2%
65%
2005 2014
$5M $242M
+ 25%
+ 33%
Specialty OI
% of Operating Income
C O M M O D I T Y P R U N I N G
H E L D O R G A N I C S A L E S F L A T
PolyOne Corporation 18
2010 2011 2012 2013 2014
Acquisitions
Organic
Revenue
531
680130
153
504
618
2014 Q1 2018
R&D / Technical Marketing Sales
I N V E S T M E N T I N C O M M E R C I A L R E S O U R C E S D R I V I N G R E S U L T S
PolyOne Corporation 19
Increased commercial headcount
Largest organic revenue growth
since recession
$2.9 $2.9
$3.2
2015 2016 2017
Revenue in billions of $
+ 28%
+ 18%
+ 23%
Total + 10%
Organic + 7%
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 20
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
Double digit
annual EPS
growth
Expand specialty portfolio
with strategic acquisitions
Innovate and develop new
technologies and services
Repurchase 600K-1M
shares annually
Increase commercial
resources 6-8% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
5.0%
14.0%
15.0%
16-17%
2006 2017 Platinum Vision Updated Expectations
R A I S I N G T H E B A R
R O I C D R I V E S S H A R E H O L D E R R E T U R N
PolyOne Corporation 21
C O M M E R C I A L
E X C E L L E N C E
PolyOne Corporation 22
M I C H A E L G A R R A T T
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O NS E R V I C E
S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S
PolyOne Corporation 23
531
680130
153
504
618
2014 Q1 2018
R&D / Technical Marketing Sales
K E Y C O M M E R C I A L I N V E S T M E N T S
PolyOne Corporation 24
Increased commercial headcount
+ 28%
+ 18%
+ 23%
Generating opportunities
35% more sales calls
25% more marketing campaigns
1,000 new customers, expanding
customer base by 5%
$1.0B increase in new opportunities
Enhancing efficiency
8% reduction of average territory
size, enabling greater
customer focus
20% more prospecting calls
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 25
P O L Y O N E
S A L E S
F U N N E L
+34%
2014
$3.0 billion
2017
$4.0 billion
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 26
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 27
3 Horizons of Development
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Business Focus
Innovation comes from
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 28
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Business Focus
New
development
adjacent to our
existing
technology base
New development
beyond our current
technology base
Development within
our current
technology base
Service adjacent
markets and
customers
Create new
markets, target
new customer
needs
Service existing
markets and
customers
Market
Technical
I N N O V A T I O N
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Business Focus
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 29
Service adjacent
markets and
customers
Create new
markets, target
new customer
needs
Service existing
markets and
customers
Market
Technical
I N N O V A T I O N
Gordon/Polystrand –
Composites
GLS – Thermoplastic Elastomers
ColorMatrix – Liquid
Color & Additives
New
development
adjacent to our
existing
technology base
New development
beyond our current
technology base
Development within
our current
technology base
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Business Focus
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 30
Service adjacent
markets and
customers
Create new
markets, target
new customer
needs
Service existing
markets and
customers
Market
Technical
I N N O V A T I O N
Non-Halogen Flame
Retardant Polymers
Barrier Technologies
Fiber Colorants
Advanced Composites
Thermoplastic Elastomers
New
development
adjacent to our
existing
technology base
New development
beyond our current
technology base
Development within
our current
technology base
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 31
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
8
5
6
2 1
15 4
10
5
11
4
5
7
Breakthrough
Platform
Derivative
Number of Projects 26 16 20 15 2 79
Color Technologies – – $335 $670 $410 19 $1,415
Barrier Additives – – $160 $255 – 8 $415
Flame Retardant Polymers – – $200 $50 – 14 $250
Thermoplastic Elastomers – – $410 $80 $30 17 $520
Advanced Composites – – $100 $40 – 8 $140
Specialty Vinyl Formulations – – $25 $75 – 13 $100
Total Addressable Market
($ millions)
– – $1,230 $1,170 $440 $2,840
12%
38%
2006 2017
$20
$52
2006 2017
Research & Development Spend
($ millions)
Vitality Index
% of sales from products launched last 5 years
I N N O V A T I O N D R I V E S E A R N I N G S G R O W T H
PolyOne Corporation 32
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
I Q D E S I G N L A B S
PolyOne Corporation 33
Material
& Color
Expertise
Manufacturing
Expertise
3
14
2014 2017
Industrial designers
$0
$7M
2014 2017
$4M
$40M
2014 2017
Opportunity funnel New business revenue
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 34
Enables validation of fit and function
Shortens design cycle and time to market
Avoids tooling rework
Drives innovation
Delivers substantial customer value
L S S C U S T O M E R F I R S T
PolyOne Corporation 35
Customer Projects
Enables sales growth by building more intimate
customer relationships, giving us insight to customers’
needs, with a service that is not easily replicated
2014 2017
2 85
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 36
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 37
Investments in digital and dedicated inside sales to
improve customer experience
80% increase in leads (from 6,000 to 11,000) driven
by website, phone, and online chat
E X P A N D E D P A T H
A D D I N G C U S T O M E R T O U C H P O I N T S
4
21
2014 2017
Inside sellers
$11M
$88M
2014 2017
Inside sales/digital revenue
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O N
S E R V I C E
I N S P I R E D F U T U R E
6-8% annual increase in commercial resources
4 focused end-markets aligned with global
megatrends
5 strategic innovation platforms
30% increase in IQ Design projects
35% increase in revenue from inside sales/digital
≥35% vitality index
PolyOne Corporation 38
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 39
S E G M E N T R E V I E W S
P O L Y O N E
D I S T R I B U T I O N
PolyOne Corporation 40
S C O T T H O R N
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
PolyOne Corporation 41
Transportation
23%
Healthcare
22%
Industrial
18%
Consumer
15%
Appliance
7%
Electrical &
Electronics
6%
Building &
Construction
4%
Packaging
3%
Wire & Cable
2%
$20
$25
$63
$73
2.9%
4.0%
5.9%
6.3%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
15
25
35
45
55
65
75
2005 2009 2013 2017
Operating Income & Margin2017 Revenue | $1.2 Billion
http://www.avient.com/Pages/VariationRoot.aspx
http://www.avient.com/Pages/VariationRoot.aspx
S E R V I C E I S O U R B U S I N E S S
PolyOne Corporation 42
Uniquely positioned to help our customers grow
their brand and value-added solutions
1.2B
$
Annual Sales
250
Global Employees
24
Strategic
Presence
132
Sales Reps
Warehouse
Locations
6
Service Centers
Dedicated Commercial
Team
S E R V I C E I S O U R B U S I N E S S
S A F E L Y A N D R E S P O N S I B L Y
PolyOne Corporation 43
95% on-time delivery
Customer/Product
Combinations
14,000
Transactions/Month
In-Person
Customer Visits
6,500 27,000
$
K E Y C O M M E R C I A L I N V E S T M E N T S
PolyOne Corporation 44
Generating opportunities
37% more sales calls
$65M in new revenue from
inside sales
$400M increase in new
opportunities
Enhancing efficiency
24% increase in close rate
51% increase in prospecting calls
Increased commercial headcount
119
13211
1315
23
2014 Q1 2018
Sales R&D / Technical Marketing
+ 18%
+ 53%
+ 11%
PolyOne Corporation 45
Providing differentiated services that meet the needs
of the changing customer landscape
G R O W T H T H R O U G H I N S I D E S A L E S
$4
$65
2014 2017
PolyOne Distribution Inside Sales
$ in millions
PolyOne Corporation 46
G R O W T H T H R O U G H M U L T I P L E S A L E S
C H A N N E L S
Technical
Field Sales
Key Accounts /
Industry Sales
Inside
Sales
Serving a broad spectrum of customers
Leveraging digital systems to drive awareness and
enhance the customer experience
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 47
P O D S A L E S
F U N N E L
+27%
2014
$1.2 billion
2017
$1.6 billion
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O N
S E R V I C E
I N S P I R E D F U T U R E
6-8% annual increase in commercial resources
>10% annual increase in revenue from inside sales and
digital with expanded customer touch points
8% annual expansion of sales funnel with best-in-class
service and technical expertise
6-8% compound annual operating income growth
6-7% operating margins
PolyOne Corporation 48
S P E C I A L T Y
E N G I N E E R E D
M A T E R I A L S
PolyOne Corporation 49
M I C H A E L G A R R A T T
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 50
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
Consumer
20%
Transportation
19%
Electrical &
Electronics
15%
Wire & Cable
13%
Healthcare
11%
Industrial
8%
Packaging
7%
Appliance
4%
Building &
Construction
3%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 7 R E V E N U E | $ 6 2 4 M I L L I O N
PolyOne Corporation 51
$21
$57
$76
0.1%
5.1%
9.3%
12.1%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
20
30
40
50
60
70
80
90
2005 2009 2013 2017
Europe
28%
United
States
48%
Asia
22%
Canada
2%
C A P I T A L I Z I N G O N T H E G L O B A L M A R K E T
PolyOne Corporation 52
Demand for engineered materials is accelerating
Expanding thermoplastic elastomer portfolio to meet
the demands of local consumption
Grow and develop low smoke, non-halogen
technologies to meet increasing European standards
Adding capacity in strategic markets
India Germany
China North America
Establishing a commercial hub in Southeast Asia
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O NS E R V I C E
S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S
PolyOne Corporation 53
K E Y C O M M E R C I A L I N V E S T M E N T S
PolyOne Corporation 54
Generating opportunities
13% more sales calls
36% increase in customization
projects
$270M increase in new opportunities
Enhancing efficiency
12% reduction in average territory
size, enabling greater
customer focus
50% improvement in speed of
formulation turnaround
Increased commercial headcount
133
17335
39
120
147
2014 Q1 2018
R&D / Technical Marketing Sales
+ 30%
+ 11%
+ 23%
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 55
S E M
S A L E S
F U N N E L
+43%
2014
$610 million
2017
$880 million
L S S C U S T O M E R F I R S T
G R O W T H T H R O U G H S E R V I C E
PolyOne Corporation 56
Leading Sporting Goods
Manufacturer
Provided Lean Six Sigma training
and led an onsite Black Belt
project to improve product
development cycle times
Reduced
innovation project
cycle times by over
10%
and prototyping by
40%
80%
increased
production
resulting in
$500k
savings
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 57
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 58
Fiber
Polymer
Composite
Strength
Design Flexibility
Continuous
Fiber
Thermoset
Composites
Short Glass
Fiber
Thermoplastics
Continuous Fiber
Thermoplastic
Composites
Long Glass Fiber
Thermoplastics
S T R A T E G I C I N V E S T M E N T H I S T O R Y
PolyOne Corporation 59
Acquired
Polystrand
Installed LFT
production
Avon Lake
Long Fiber
Thermoplastic
(LFT)
Technology
Installed
LFT
production
Barbastro,
Spain
Acquired
Glasforms
Acquired
Gordon
Composites
Thermoplastic
Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2010 2012 2015 2016 20162009 20122011 2014
C O M P O S I T E S I N T R A N S P O R T A T I O N
PolyOne Corporation 60
W A T E R C R A F TR A I L H E A V Y T R U C K
Bulkheads and Transoms
Ceilings and Hatches
Doors and Cabinetry
Flooring
Door Panels
Side Walls
Flooring & Side Panels
Aerodynamic Fairings
Seat and Bunk
Reinforcements
17
44
At Acquisition Now
Commercial Resources
0%
20%
At Acquisition Goal
Operating Margins
Test Market
Innovation
Projects
8
PolyOne Corporation 61
A D V A N C E D C O M P O S I T E S
Long-term investments align with key global megatrends
Light-Weighting Design Flexibility Sustainability
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O N
S E R V I C E
I N S P I R E D F U T U R E
6-8% annual increase in commercial resources
>10% annual increase in customization projects
10% annual expansion of sales funnel, enhancing
portfolio in 4 focus end markets
20% increase in global capacity
12-15% compound annual operating income growth
14-16% operating margins
PolyOne Corporation 62
P E R F O R M A N C E
P R O D U C T S
& S O L U T I O N S
PolyOne Corporation 63
D O N W I S E M A N
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 64
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Materials
Flame Retardant
Polymers
Building &
Construction
30%
Industrial
18%
Transportation
16%
Wire & Cable
15%
Appliance
7%
Packaging
5%
Consumer
5%
Electrical &
Electronics
3%
Healthcare
1%
Asia
2%
United
States
77%
Mexico
5%
Canada
16%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 7 R E V E N U E | $ 7 2 1 M I L L I O N
$40
$33
$56
$77
4.6%
3.6%
7.2%
10.7%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
0
10
20
30
40
50
60
70
80
90
100
2005 2009 2013 2017
PolyOne Corporation 65
$886 $668 $773 $721Sales
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O NS E R V I C E
S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S
PolyOne Corporation 66
K E Y C O M M E R C I A L I N V E S T M E N T S
PolyOne Corporation 67
Generating opportunities
25% more sales calls
113% increase in innovation
pipeline
$240M increase in new
opportunities
Enhancing efficiency
36% increase in
prospecting calls
300 basis point
improvement in
operating margin
Increased commercial headcount
57
66
17
18
37
53
2014 Q1 2018
R&D / Technical Marketing Sales
+ 16%
+ 43%
+ 6%
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 68
P P & S
S A L E S
F U N N E L
+40%
2014
$610 million
2017
$850 million
L S S C U S T O M E R F I R S T
G R O W T H T H R O U G H S E R V I C E
PolyOne Corporation 69
Leading Wire & Cable
Manufacturer
Provided Lean Six Sigma training
and led on-site Kaizen process
improvements
Reduced
over
400
labor hours
through
reorganized
work area and
floor space
Increased
manufacturing
throughput value
$1.4M
G R O W T H T H R O U G H S E R V I C E
PolyOne Corporation 70
IQ Design is collaborating with a
leading medical device
manufacturer to replace metal
and provide chemical resistance
to solve cracking issues related
to intense cleaning requirements
H E A L T H C A R E I N N O V A T I O N S
I N N O V A T I O N S P O T L I G H T :
F L A M E R E T A R D A N T
P O L Y M E R S
PolyOne Corporation 71
F L A M E R E T A R D A N T
D R I V E R S
PolyOne Corporation 72
Shift toward less toxic solutions
Increased consumer awareness
Focus on environmentally
friendly solutions
New regulatory standards
F L A M E R E T A R D A N T P E R F O R M A N C E S P E C T R U M
PolyOne Corporation 73
Flame Retardant Flame Retardant Flame Retardant
Non-Halogen
No Dripping
Low Smoke
Low Toxicity &
Corrosiveness
H A L O G E N N O N - H A L O G E N L S F O H
( L o w S m o k e a n d F u m e ,
N o n - H a l o g e n )
Non-Halogen
R E G U L A T O R Y C H A N G E S P R O V I D E O P P O R T U N I T Y
L E D S O L U T I O N S
PolyOne Corporation 74
Solutions for rigid molded &
extruded applications
Superior outdoor weather performance
Excellent light dispersion qualities
Formulated to meet stringent
flame-rating regulations
Custom design support to meet demand
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O N
S E R V I C E
I N S P I R E D F U T U R E
6-8% annual increase in commercial resources
8% more sales calls annually
10% annual expansion of sales funnel, including
breakthroughs in healthcare technologies
8-10% compound annual operating income growth
12-14% operating margins
PolyOne Corporation 75
C O L O R A D D I T I V E S
& I N K S
PolyOne Corporation 76
M A R K C R I S T
C O L O R , A D D I T I V E S & I N K S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 77
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
Packaging
27%
Industrial
14%
Textiles
12%
Building &
Construction
10%
Wire & Cable
10%
Transportation
8%
Consumer
7%
Healthcare
6%
Electrical &
Electronics
3%
Appliance
3%
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 7 R E V E N U E | $ 8 9 3 M I L L I O N
$4
$25
$104
$139
0.9%
5.5%
12.2%
15.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20
30
40
50
60
70
80
90
100
110
120
130
140
150
2005 2009 2013 2017
PolyOne Corporation 78
Europe
32%
United
States
46%
Asia
15%
Canada
1%
Mexico
4%
Brazil
2%
C A P I T A L I Z I N G O N T H E G L O B A L M A R K E T
PolyOne Corporation 79
Emerging markets driving strong demand for color
and additives
Rapid adoption of food and beverage
packaging additives
Fiber colorants growth focused on expanding
Asia-Pacific market
Increase commercial investments focused on China,
India and Mexico
Expand capacity in China and leverage investments
in India
Recent acquisitions increasing global reach
C O M M E R C I A L
R E S O U R C E S
I N N O V A T I O NS E R V I C E
S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S
PolyOne Corporation 80
K E Y C O M M E R C I A L I N V E S T M E N T S
PolyOne Corporation 81
Generating opportunities
35% more sales calls
30% increase in customized color
formulations
106% increase in innovation pipeline
$170M increase in new opportunities
Enhancing efficiency
20% increase in prospecting calls
9 days or less in design
turnaround time:
best-in-class
Increased commercial investment
301
382
38
43
209
275
2014 Q1 2018
R&D / Technical Marketing Sales
+ 27%
+ 13%
+ 32%
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 82
C A I S A L E S
F U N N E L
+32%
2014
$540 million
2017
$710 million
L S S C U S T O M E R F I R S T
PolyOne Corporation 83
Developed
inventory
management
framework to
reduce
working
capital by
20%
Printing Equipment
and Supply Manufacturer
Provided Lean Six Sigma training
and conducted process mapping
exercises to identify key
improvement opportunities
Optimize
manufacturing:
45%
improvement in
assembly process,
25%
improvement in
cycle time
G R O W T H T H R O U G H S E R V I C E
I N N O V A T I O N S P O T L I G H T :
A D D I T I V E & C O L O R A N T
T E C H N O L O G I E S
PolyOne Corporation 84
B A R R I E R T E C H N O L O G I E S
Active oxygen scavenging
additive in the bottle wall
Evolving technology for active
oxygen scavenging additive in
the bottle cap
Amosorb™ HyGuard™
UV and visible light blocking
additive to prevent degradation
of product
Lactra™ SX
Market leader in oxygen, light and UV barrier solutions for the PET bottle market
PolyOne Corporation 85
S T R A T E G I C A D D R E S S A B L E M A R K E T > $ 2 0 0 M
F I B E R C O L O R A N T S
Eliminate waste water associated
with conventional dyeing
Help meet sustainability targets
for brand owners
Enable “uncolored fiber” producers
to bypass dyehouse
Strategic addressable market >$300M
PolyOne Corporation 86
S T R A T E G I C I N V E S T M E N T H I S T O R Y
PolyOne Corporation 87
Thermoplastic
Composites
2011 2015 2018
Acquired
ColorMatrix
Acquired
Magenta
Acquired
IQAP
$10
$45
2014 2017
Revenue from Fiber Color
($ in millions)
Invested in
development
of liquid fiber
colorant
technology
Expanded
solid
colorant
offerings
38
43
At Acquisition Now
Commercial Resources
Innovation
Projects
5
PolyOne Corporation 88
I N V E S T I N G F O R T H E F U T U R E
Nearly 900 projects identified
Gaining sustainable momentum & building trust with consumers
Fiber
Sales Funnel
$125M
“We are unleashing the power of human potential, all
to advance the game.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Italian.pdf
Alcuni esempi di documenti aziendali includono:
• sviluppi di nuovi prodotti
• risultati dei test
• report di laboratorio
• dati sulle ricerche
• report finanziari
• note spese
• fatture
• scadenzari
• documenti sul personale
• business plan
• lettere, bollettini, comunicazioni ed e-mail indirizzate ai
dipendenti
• Informazioni pubblicate su The Loop
Le informazioni proprietarie e
riservate includono:
• business plan e strategie direzionali
• ricerche e dati tecnici
• ricette di prodotti e tecnologie di lavorazione
• gestione responsabile del prodotto
• segreti commerciali, tecnologie e “know-how”
• informazioni sulla nostra posizione concorrenziale
• informazioni e proiezioni finanziare inedite
• informazioni sui costi dei prodotti
• informazioni su contratti e transazioni proposte
• informazioni su clienti, fornitori, prezzi e di carattere
commerciale
• software e sistemi informatici sviluppati per la nostra
attività
• qualsiasi altra informazione che potrebbe essere utile per
un concorrente
14
Indice
D&R
D: il mio manager è in vacanza e in sua
assenza mi è stato chiesto di stipulare un
contratto per conto dell’azienda.
Come regola generale, la fornitura o accettazione di
pasti, intrattenimento o viaggi è consentita se soddisfa il
seguente test:
• l’occasione serve essenzialmente a una finalità
commerciale;
• il dipendente di Avient accompagna il cliente o
fornitore; e
• i pasti, l’intrattenimento o i viaggi sono
proporzionali all’occasione.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Dutch.pdf
Als algemene regel is het geven of aanvaarden van
maaltijden, entertainment of reizen aanvaardbaar indien
ze aan de volgende test voldoen:
• de gelegenheid dient in essentie een zakelijk doel;
• de medewerker van Avient begeleidt de klant of
leverancier; en
• de maaltijden, het entertainment of de reizen zijn
in proportie met de gelegenheid.
De
reikwijdte en impact van onze operaties, gekoppeld
aan onze hoge ethische normen, vereisen dat we zeer
duurzame oplossingen nastreven die de test der tijd
kunnen weerstaan.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Morgan%2520Stanley%2520Conference.pdf
V I S I O N
PolyOne Corporation 4
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and solutions
S A F E T Y F I R S T
PolyOne Corporation 5
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Injuries per 100 Workers
Spartech
Acquisition
PolyOne Corporation 6
P O L Y O N E
2 0 1 7 R E V E N U E | $ 3 . 2 B I L L I O N
Transportation
18%
Industrial
16%
Consumer
12%
Packaging
11%
Healthcare
11%
Wire & Cable
9%
Appliance
5%
United States
59%
Europe
14%
Asia
10%
Latin
America
9%
Canada
8%
PolyOne
Distribution
34%
Performance Products &
Solutions 21%
Specialty
Engineered
Materials
19%
Color
Additives &
Inks 26%
Segment End Market Geography
Building &
Construction
12%
Electrical &
Electronics
6%
2009 2010 2011 2012 2013 2014 2015 2016* 2017*
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 7
8
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
*Pro Forma for sale of DSS
2006 2017
“Where we were” “Where we are”
ROIC** 5.0% 14.0%
Operating Income
% of Sales
Color, Additives & Inks 1.7% 15.5%
Specialty Engineered
Materials 1.1% 12.1%
Performance Products
& Solutions 4.3% 10.7%
Distribution 2.6% 6.3%
**ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period
A D J U S T E D E P S E X P A N S I O N
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 8
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
Double digit
annual EPS
growth
Expand specialty portfolio
with strategic acquisitions
Innovate and develop new
technologies and services
Repurchase 600K-1M
shares annually
Increase commercial
resources 6-8% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
531
680130
153
504
618
2014 Q1 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 28%
+ 18%
+ 23%
Generating opportunities
35% more sales calls
25% more marketing campaigns
1,000 new customers, expanding
customer base by 5%
$1.0B increase in new opportunities
Enhancing efficiency
8% reduction of average territory
size, enabling greater
customer focus
20% more prospecting calls
I N V E S T M E N T I N C O M M E R C I A L R E S O U R C E S D R I V I N G G R O W T H
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 10
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 11
Investments in digital and dedicated inside sales to
improve customer experience
80% increase in leads (from 6,000 to 11,000) driven
by website, phone, and online chat
E X P A N D E D P A T H
A D D I N G C U S T O M E R T O U C H P O I N T S
4
21
2014 2017
Inside sellers
$11M
$88M
2014 2017
Inside sales/digital revenue
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 12
P O L Y O N E
S A L E S
F U N N E L
+34%
2014
$3.0 billion
2017
$4.0 billion
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 13
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 14
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
($ millions)
Vitality Index
% of sales from products launched last 5 years
12%
38%
2006 2017
$20
$52
2006 2017
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Customization
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 15
Incremental
development
from existing
base of
technology
New development
adjacent to current
technology
New technology
development
outside of and with
our current base
Service adjacent
markets and
customers
Create new
markets, target
new customer
needs
Service existing
markets and
customers
Market
Technical
I N N O V A T I O N
Non-Halogen Flame
Retardants
Barrier Technologies
Fiber Colorants
Advanced Composites
Thermoplastic Elastomers
Gordon Composites/
Polystrand – Composites
GLS – Thermoplastic Elastomers
ColorMatrix – Liquid
Color & Additives
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 16
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2015)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
8
5
6
2 1
15 4
10
5
11
4
5
7
Breakthrough
Platform
Derivative
Number of Projects 26 16 20 15 2 79
Total Addressable Market
($ millions)
- - $1,230 $1,170 $440 $2,840
F L A M E
R E T A R D A N T
P O L Y M E R S
A D V A N C E D
C O M P O S I T E S
B A R R I E R
M A T E R I A L S
C O L O R A N T
T E C H N O L O G I E S
T H E R M O P L A S T I C
E L A S T O M E R S
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 17
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 18
Fiber
Polymer
Composite
Strength
Design Flexibility
Continuous
Fiber
Thermoset
Composites
Short Glass
Fiber
Thermoplastics
Continuous Fiber
Thermoplastic
Composites
Long Glass Fiber
Thermoplastics
S T R A T E G I C I N V E S T M E N T H I S T O R Y
PolyOne Corporation 19
Acquired
Polystrand
Installed LFT
production
Avon Lake
Long Fiber
Thermoplastic
(LFT)
Technology
Installed
LFT
production
Barbastro,
Spain
Acquired
Glasforms
Acquired
Gordon
Composites
Thermoplastic
Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2010 2012 2015 2016 20162009 20122011 2014
C O M P O S I T E S I N T R A N S P O R T A T I O N
PolyOne Corporation 20
W A T E R C R A F TR A I L H E A V Y T R U C K
Bulkheads and Transoms
Ceilings and Hatches
Doors and Cabinetry
Flooring
Door Panels
Side Walls
Flooring & Side Panels
Aerodynamic Fairings
Seat and Bunk
Reinforcements
PolyOne Corporation 21
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 22
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
Avient answered the call to
deliver much needed healthcare supplies, including facemasks, ventilators, test kits, and other PPE.
The testing, refining, and
testing again.
This facility supports the creation and field testing of
novel active ingredients in LLINS alone or in combinations.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_France.pdf
Certains exemples de nos archives
d’entreprise comprennent :
• le développement de nouveaux produits ;
• les résultats de test ;
• les rapports de laboratoire ;
• les données de recherche ;
• les rapports financiers ;
• les notes de frais ;
• les factures ;
• les relevés horaires ;
• les dossiers du personnel ;
• les business plans ;
• les lettres, bulletins d’information mémos et courriers
électroniques adressés aux collaborateurs
• les informations disponibles sur The Loop
Les informations exclusives et
confidentielles comprennent :
• les business plans et stratégies directionnelles ;
• les données de recherche et techniques ;
• les recettes de produit et les technologies de processus ;
• la gestion du produit ;
• les secrets commerciaux, les technologies et le « savoir-faire » ;
• les informations sur notre position concurrentielle ;
• les informations financières et les projections non publiées ;
• les informations sur le coût des produits ;
• les informations sur les contrats et transactions proposés ;
• les informations sur les clients, les fournisseurs, les tarifs, et
autres informations commerciales ;
• les logiciels informatiques et les systèmes développés pour
notre société ;
• toute autre information pouvant être utile à un concurrent.
14
Table des matières
Q&R
Q : Ma manager est en congés, et en son
absence, on m’a demandé de signer un contrat
au nom de la société.
En règle générale, fournir ou accepter des repas, des
divertissements ou des voyages est autorisé, si cela
passe le test suivant :
• l’occasion sert essentiellement un objectif
professionnel ;
• le collaborateur d’Avient accompagne le client ou
le fournisseur ; et
• le repas, divertissement ou voyage est raisonnable
par rapport à l’occasion.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_SVE2.pdf
I allmänhet är givande eller mottagande av måltider, underhållning eller
resor tillåtna om det uppfyller följande test:
• Tillfället tjänar väsentligen ett affärssyfte
• Avients medarbetare följer kunden eller leverantören
• Måltiderna, underhållningen eller resan är i proportion till tillfället
När du beslutar huruvida du ska ta emot eller tillhandahålla måltider,
underhållning eller resor bör du observera deras frekvens och värde.
Vidden och
betydelsen av vår verksamhet kopplade till vår höga etiska standard
kräver att vi söker efter mycket hållbara lösningar som klarar tidens test.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_ITA2.pdf
Alcuni esempi di documenti aziendali includono:
• sviluppi di nuovi prodotti
• risultati dei test
• report di laboratorio
• dati sulle ricerche
• report finanziari
• note spese
• fatture
• scadenzari
• documenti sul personale
• business plan
• lettere, bollettini, comunicazioni ed e-mail indirizzate ai dipendenti
• Informazioni pubblicate su The Loop
Le informazioni proprietarie e riservate includono:
• business plan e strategie direzionali
• ricerche e dati tecnici
• ricette di prodotti e tecnologie di lavorazione
• gestione responsabile del prodotto
• segreti commerciali, tecnologie e “know-how”
• informazioni sulla nostra posizione concorrenziale
• informazioni e proiezioni finanziare inedite
• informazioni sui costi dei prodotti
• informazioni su contratti e transazioni proposte
• informazioni su clienti, fornitori, prezzi e di carattere commerciale
• software e sistemi informatici sviluppati per la nostra attività
• qualsiasi altra informazione che potrebbe essere utile per un
concorrente
CODICE DI CONDOTTA | 13
INDICE
INTRODUZIONE
IL NOSTRO CODICE
DI CONDOTTA
RISPETTO PER TUTTI
ONESTÀ SUL LAVORO
INTEGRITÀ NELLA
NOSTRA ATTIVITÀ
RESPONSABILITÀ
SOCIALE DELL’AZIENDA
RISORSE
D&R
D: il mio manager è in vacanza e in sua assenza mi è stato
chiesto di stipulare un contratto per conto dell’azienda.
Tranne che nei confronti di funzionari pubblici o governativi, come regola
generale, la fornitura o accettazione di pasti, intrattenimento o viaggi è
consentita se soddisfa il seguente test:
• l’occasione serve essenzialmente a una finalità commerciale;
• il dipendente di Avient accompagna il cliente o fornitore; e
• i pasti, l’intrattenimento o i viaggi sono proporzionali all’occasione.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
We conduct regular
reviews and tests of our cybersecurity program and also leverage audits by our internal audit
team, penetration and vulnerability testing and other exercises to evaluate the effectiveness of our
cybersecurity program and improve our security measures and planning.
Animal Testing Policy
Audit Committee Charter
California Transparency in Supply Chains Act Disclosure
Code of Conduct
Code of Ethics—Applicable to Avient Senior Officers
ColorMatrix Europe Limited—Modern Slavery and Human Trafficking Statement
Compensation Committee Charter
Conflict Minerals Policy
Corporate Governance Guidelines
Environmental Policy
Equal Employment Opportunity
Global Chemical Management
Global ISO Certificate Library
Global Policy on Anti-Bribery and Anti-Corruption
Global Policy on Antitrust
Governance and Corporate Responsibility Committee Charter
Human Rights Policy
No Surprises PledgeSM
Position on Biodiversity
Position on Water Stewardship
Privacy Statement
Product Stewardship Policy
Quality Policy
Responsible Care Policy
Safety and Health Policy
Security Policy
Supplier Code of Conduct
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 73
https://www.avient.com/sites/default/files/2022-03/Sustainability%20ESG%20Disclosures_Animal%20Testing%20Policy.pdf
https://www.avient.com/sites/default/files/2023-01/Avient%20Audit%20Committee%20Charter.pdf
https://www.avient.com/california-transparency-act-disclosure
https://www.avient.com/company/policies-and-governance-0/code-conduct
https://www.avient.com/sites/default/files/2023-12/Senior%20Financial%20Officer%20Code%20of%20Conduct%20Policy%20%282023%29_0.pdf
https://www.avient.com/sites/default/files/2024-06/CM%20Europe%20Ltd%20Modern_Slavery_Statement%20-%202024%20V4.pdf
https://www.avient.com/sites/default/files/2022-07/Compensation%20Committee%20Charter%20%28Amended%20July%202022%29.pdf
https://www.avient.com/sites/default/files/2020-10/avient-conflict-minerals-policy-10.2020.pdf
https://www.avient.com/sites/default/files/2024-05/3b%20-%20Corporate%20Governance%20Guidelines.Draft%20Feb.%202024.v1.2.Revised.4-16-24.Final_.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_Environmental%20Policy_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2024-06/EEO%20Policy%20Jan%202024.pdf
https://www.avient.com/sites/default/files/2022-03/Sustainability%20ESG%20Disclosures_Global%20Chemical%20Mgt%20Policy.pdf
https://www.avient.com/company/policies-and-governance-0/global-iso-certificate-library
https://www.avient.com/company/policies-and-governance/global-policy-anti-bribery-and-anti-corruption
https://www.avient.com/company/policies-and-governance/global-policy-antitrust
https://www.avient.com/sites/default/files/2024-05/3b%20-%20Corporate%20Governance%20Guidelines.Draft%20Feb.%202024.v1.2.Revised.4-16-24.Final_.pdf
https://www.avient.com/company/policies-and-governance-0/avients-human-rights-policy
https://www.avient.com/company/sustainability/sustainability-report/products/no-surprises-pledge
https://www.avient.com/sites/default/files/2024-06/Position%20on%20Biodiversity.pdf
https://www.avient.com/sites/default/files/2024-06/Position%20on%20Biodiversity.pdf
https://www.avient.com/company/policies-and-governance/avients-position-human-rights
https://www.avient.com/company/policies-and-governance-0/avient-corporation-privacy-statement
https://www.avient.com/sites/default/files/2023-12/Avient_ProdStewardship_Policy_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2023-12/Avient%20Quality%20Policy%20-%20Dec%2018%202023%5B83%5D.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_ALL_Policies_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_Health_And_Safety_Policy_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_SecurityPolicy_Dec_18_2023.pdf
https://www.avient.com/company/policies-and-governance-0/supplier-code-conduct
METRICS
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People Data and Metrics
Category 2019 2020 2021 2022 2023
Total TRIR (#—Direct) 0.56 0.50 0.55 0.51 0.58
Total TRIR (#—Contractors) 0.00 0.00 0.00 0.00 2.00
Recordable Injuries (Total #) 36 37 55 57 62
Recordable Illnesses (Total #) 0 0 0 0 0
Total LTIR (#—Direct) 0.29 0.24 0.14 0.15 0.26
Total LTIR (#—Contractors) 0.00 0.00 0.00 0.00 1.50
Total Injuries of High Consequence (% of TRIR) 14 5 2 0 2
Total Fatality Rate (#—Direct) 0.00 0.00 0.00 0.00 0.00
Total Fatality Rate (#—Contractors) 0.00 0.00 0.00 0.00 0.00
Process Safety Incident Count (#) 0 0 0 0 0
Process Safety Total Incident Rate (#) 0.00 0.00 0.00 0.00 0.00
Process Safety Incident Severity Rate (#) 0.00 0.00 0.00 0.00 0.00
Transport Incidents (#—US DOT 5800/EU ADR) 0 0 0 0 0
Associate Safety Engagement Activities (#) N/A N/A 10,100 14,658 11,806
EH&S Internal Audits (#) 58 37 25 40 76
Workers covered by an EH&S Management Systems (%) 100 100 100 100 100
Workers covered by an internally audited EH&S MS (%) 100 100 100 100 100
Facilities externally certified ISO45001 (or equivalent — %)* N/A 52 56 54 51
Suppliers externally certified ISO45001 (% of surveyed) N/A 44 56 53 54
*Cer tificates can be found at (https://www.avient.com/company/policies-and-governance/global-iso-cer tificate-librar y)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 75
https://www.avient.com/company/policies-and-governance/global-iso-certificate-library
Planet Data and Metrics
Category 2019* 2020* 2021* 2022* 2023
ENERGY1
Total Energy (GJ) 2,377,860 2,242,291 2,361,107 2,265,482 2,144,770
Energy Intensity (GJ/MT Sales) 5.09 5.04 4.77 5.05 5.63
Renewable Electricity (MWh)** 104,880.63 122,505.22 174,701.68 232,488.43 253,894.78
Electric Power (MWh) 461,426.13 439,773.23 460,693.35 439,215.11 409,650.68
Renewable Electricity (%) 23 28 38 53 62
Renewable Energy (%) 16 20 27 37 43
Total Self-Generated Energy (GJ) 11,845 14,590 11,461 12,019 15,710
Energy Saving Activities (#) 59 74 102 129 118
Annual Savings from Energy Saving Activities (GJ) 35,573 19,470 72,845 439,347 64,987
Capital Invested in Energy Savings ($MM USD) 1.97 2.43 1.74 5.05 3.79
PURCHASED ENERGY (%)
Purchased Electricity (%) 49.74 51.70 51.05 69.79 68.76
Purchased Natural Gas (%) 12.89 14.11 13.46 29.45 30.24
Purchased Steam (%) 0.00 0.00 0.00 0.00 0.00
Purchased Diesel Fuel (%) 0.87 0.95 1.12 0.76 0.48
SOURCES OF PURCHASED ELECTRICITY (%)2
Non-Renewable: Coal 46.72 45.53 41.12 40.04 39.61
Non-Renewable: Natural Gas 33.69 36.12 17.51 17.41 17.35
Non-Renewable: Other Fossil Fuels 0.00 0.00 0.26 0.21 20.00
Non-Renewable: Nuclear 11.95 11.37 9.86 9.01 8.82
Non-Renewable: Oil 2.16 1.60 1.82 1.70 1.67
Renewable: Hydro 3.24 2.23 14.79 15.22 14.07
Renewable: Wind 0.70 0.88 7.94 9.02 9.97
Renewable: Solar 1.48 2.20 3.76 4.67 5.61
Renewable: Biomass 0.06 0.07 2.53 2.44 2.37
Renewable: Geothermal 0.00 0.00 0.29 0.28 0.27
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Category 2019* 2020* 2021* 2022* 2023
EMISSIONS1
Greenhouse Gas Emissions (MT Scope 1 GHG)** 36,680 39,023 36,147 34,792 33,384
Greenhouse Gas Emissions (MT Scope 2 GHG)** 169,789 102,479 100,595 99,465 72,976
Greenhouse Gas Emissions (MT Scope 3 GHG)3 584,622 1,440,584 2,122,338 6,421,128 See CDP
Greenhouse Gas Emissions (MT Scope 1 & 2 GHG)** 206,469 141,502 136,742 134,257 106,360
Greenhouse Gas Emissions Intensity (MT 1&2 GHG/ MT Sales) 0.44 0.32 0.28 0.30 0.28
Greenhouse Gas Emissions Intensity (MT 1&2 GHG/ $B Revenue) 51,864 63,886 41,249 39,524 33,840
Annual GHG Emissions Avoidance from ESA & WMA (MT) 8,378 10,235 33,631 115,099 127,938
Reportable Releases—above permitted limits (#) 0 0 0 0 1
EMISSIONS OF SOX/NOX/VOC/HAPS (MT)
SOx 0.14 0.13 0.13 0.25 0.43
NOx 14.74 10.85 11.77 12.96 13.40
VOC 695.40 659.43 648.17 563.96 669.99
Top 4 Hazardous Air Pollutants 0.98 1.00 1.18 6.96 6.77
Particulate Matter 33.78 30.99 32.88 28.02 31.09
WASTE
Total Waste (MT) 31,087 29,783 33,090 32,267 31,462
Total Waste Intensity (Kg Waste/MT Sales) 66.60 66.92 66.90 71.88 82.66
Total Waste Intensity (MT Waste/ $B Revenue) 7,809 13,447 9,982 9,499 10,010
Percent of Total Waste Recycled/Beneficially Reused (%) 51.45 50.51 47.85 48.60 61.06
Percent of Total Waste Landfilled (%) 40.13 40.20 43.26 44.24 34.17
Total Waste Landfilled (MT)** 12,476 11,972 14,315 14,274 10,751
Total Non-Hazardous Waste (MT) 27,608 26,606 29,298 28,503 28,318
Waste Minimization Projects (#) 34 53 142 114 84
Annual Diversion from Waste Minimization Projects (MT) 2,087 743 3,136 8,425 13,965
Capital Invested in Waste Minimization ($MM USD) 0.00 0.33 1.48 2.68 0.40
Landfill Free Sites (%) N/A N/A N/A N/A 42
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 77
Category 2019* 2020* 2021* 2022* 2023
HAZARDOUS WASTE
Hazardous Waste US & Canada (%) 29 16 19 21 26
Hazardous Waste Latin America (%) 5 5 6 6 3
Hazardous Waste Europe (%) 36 51 41 34 36
Hazardous Waste Asia Pacific (%) 27 25 30 36 34
Hazardous Waste Middle East & Africa (%) 3 3 4 3 2
Total Hazardous Waste (MT) 3,480 3,177 3,792 3,850 3,173
WATER
Total Water Withdrawal (1000 m3) 1,356 1,801 1,796 1,738 1,599
Total Water Withdrawal Intensity (m3/MT Sales) 2.90 4.05 3.63 3.87 4.20
Total Wastewater Discharge (1000 m3) 892 1,032 1,164 1,122 1,146
Wastewater Recycled (% of Total) 34 43 35 35 28
Total Water Related NoV (#) 0 0 0 0 3
Withdrawal & Consumed from High and Extremely High Risk Areas (% of Total) 38 35 30 28 26
Water Minimization Projects (#) 4 6 19 19 10
Annual Diversion from Water Minimization Projects (1000 m3) 9 19 55 115 284
Capital Invested in Water Minimization ($MM USD) 0.04 0.38 0.24 0.07 1.02
SITES IN HIGH & EXTREMELY HIGH WATER RISK AREAS BY REGION
US & Canada (%) N/A N/A N/A N/A 11
Latin America (%) N/A N/A N/A N/A 4
Europe (%) N/A N/A N/A N/A 6
Asia Pacific (%) N/A N/A N/A N/A 12
Middle East & Africa (%) N/A N/A N/A N/A 4
CERTIFIED ENVIRONMENTAL MANAGEMENT SYSTEMS
Facilities externally certified to ISO14001/RC14001 (%)4 N/A 50 52 57 58
Facilities externally certified to ISO50001 (# of high energy sites)4 2 2 2 2 3
Suppliers externally certified ISO14001 (% of surveyed) N/A 70 75 72 72
Suppliers externally certified to ISO50001 (% of surveyed) N/A 17 19 24 32
*Includes estimated full year per formance of APM acquisition
**2019 baseline data revised to account for acquisition pro-forma per formance and divestitures
(1) Refer to CDP Climate Change Repor t for finalized Energ y/Emissions information https://www.avient.com/company/sustainability/sustainability-repor t/repor ting/cdp-climate-change-repor t
(2) Estimates.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
We conduct regular
reviews and tests of our cybersecurity program and also leverage audits by our internal audit
team, penetration and vulnerability testing and other exercises to evaluate the effectiveness of our
cybersecurity program and improve our security measures and planning.
Animal Testing Policy
Audit Committee Charter
California Transparency in Supply Chains Act Disclosure
Code of Conduct
Code of Ethics—Applicable to Avient Senior Officers
ColorMatrix Europe Limited—Modern Slavery and Human Trafficking Statement
Compensation Committee Charter
Conflict Minerals Policy
Corporate Governance Guidelines
Environmental Policy
Equal Employment Opportunity
Global Chemical Management
Global ISO Certificate Library
Global Policy on Anti-Bribery and Anti-Corruption
Global Policy on Antitrust
Governance and Corporate Responsibility Committee Charter
Human Rights Policy
No Surprises PledgeSM
Position on Biodiversity
Position on Water Stewardship
Privacy Statement
Product Stewardship Policy
Quality Policy
Responsible Care Policy
Safety and Health Policy
Security Policy
Supplier Code of Conduct
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 73
https://www.avient.com/sites/default/files/2022-03/Sustainability%20ESG%20Disclosures_Animal%20Testing%20Policy.pdf
https://www.avient.com/sites/default/files/2023-01/Avient%20Audit%20Committee%20Charter.pdf
https://www.avient.com/california-transparency-act-disclosure
https://www.avient.com/company/policies-and-governance-0/code-conduct
https://www.avient.com/sites/default/files/2023-12/Senior%20Financial%20Officer%20Code%20of%20Conduct%20Policy%20%282023%29_0.pdf
https://www.avient.com/sites/default/files/2024-06/CM%20Europe%20Ltd%20Modern_Slavery_Statement%20-%202024%20V4.pdf
https://www.avient.com/sites/default/files/2022-07/Compensation%20Committee%20Charter%20%28Amended%20July%202022%29.pdf
https://www.avient.com/sites/default/files/2020-10/avient-conflict-minerals-policy-10.2020.pdf
https://www.avient.com/sites/default/files/2024-05/3b%20-%20Corporate%20Governance%20Guidelines.Draft%20Feb.%202024.v1.2.Revised.4-16-24.Final_.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_Environmental%20Policy_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2024-06/EEO%20Policy%20Jan%202024.pdf
https://www.avient.com/sites/default/files/2022-03/Sustainability%20ESG%20Disclosures_Global%20Chemical%20Mgt%20Policy.pdf
https://www.avient.com/company/policies-and-governance-0/global-iso-certificate-library
https://www.avient.com/company/policies-and-governance/global-policy-anti-bribery-and-anti-corruption
https://www.avient.com/company/policies-and-governance/global-policy-antitrust
https://www.avient.com/sites/default/files/2024-05/3b%20-%20Corporate%20Governance%20Guidelines.Draft%20Feb.%202024.v1.2.Revised.4-16-24.Final_.pdf
https://www.avient.com/company/policies-and-governance-0/avients-human-rights-policy
https://www.avient.com/company/sustainability/sustainability-report/products/no-surprises-pledge
https://www.avient.com/company/policies-and-governance-0/avients-position-biodiversity
https://www.avient.com/company/policies-and-governance-0/avients-position-water-stewardship
https://www.avient.com/company/policies-and-governance/avients-position-human-rights
https://www.avient.com/company/policies-and-governance-0/avient-corporation-privacy-statement
https://www.avient.com/sites/default/files/2023-12/Avient_ProdStewardship_Policy_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2023-12/Avient%20Quality%20Policy%20-%20Dec%2018%202023%5B83%5D.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_ALL_Policies_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_Health_And_Safety_Policy_Dec_18_2023.pdf
https://www.avient.com/sites/default/files/2023-12/Avient_SecurityPolicy_Dec_18_2023.pdf
https://www.avient.com/company/policies-and-governance-0/supplier-code-conduct
METRICS
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 74
People Data and Metrics
Category 2019 2020 2021 2022 2023
Total TRIR (#—Direct) 0.56 0.50 0.55 0.51 0.58
Total TRIR (#—Contractors) 0.00 0.00 0.00 0.00 2.00
Recordable Injuries (Total #) 36 37 55 57 62
Recordable Illnesses (Total #) 0 0 0 0 0
Total LTIR (#—Direct) 0.29 0.24 0.14 0.15 0.26
Total LTIR (#—Contractors) 0.00 0.00 0.00 0.00 1.50
Total Injuries of High Consequence (% of TRIR) 14 5 2 0 2
Total Fatality Rate (#—Direct) 0.00 0.00 0.00 0.00 0.00
Total Fatality Rate (#—Contractors) 0.00 0.00 0.00 0.00 0.00
Process Safety Incident Count (#) 0 0 0 0 0
Process Safety Total Incident Rate (#) 0.00 0.00 0.00 0.00 0.00
Process Safety Incident Severity Rate (#) 0.00 0.00 0.00 0.00 0.00
Transport Incidents (#—US DOT 5800/EU ADR) 0 0 0 0 0
Associate Safety Engagement Activities (#) N/A N/A 10,100 14,658 11,806
EH&S Internal Audits (#) 58 37 25 40 76
Workers covered by an EH&S Management Systems (%) 100 100 100 100 100
Workers covered by an internally audited EH&S MS (%) 100 100 100 100 100
Facilities externally certified ISO45001 (or equivalent — %)* N/A 52 56 54 51
Suppliers externally certified ISO45001 (% of surveyed) N/A 44 56 53 54
*Cer tificates can be found at (https://www.avient.com/company/policies-and-governance/global-iso-cer tificate-librar y)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 75
https://www.avient.com/company/policies-and-governance/global-iso-certificate-library
Planet Data and Metrics
Category 2019* 2020* 2021* 2022* 2023
ENERGY1
Total Energy (GJ) 2,377,860 2,242,291 2,361,107 2,265,482 2,144,770
Energy Intensity (GJ/MT Sales) 5.09 5.04 4.77 5.05 5.63
Renewable Electricity (MWh)** 104,880.63 122,505.22 174,701.68 232,488.43 253,894.78
Electric Power (MWh) 461,426.13 439,773.23 460,693.35 439,215.11 409,650.68
Renewable Electricity (%) 23 28 38 53 62
Renewable Energy (%) 16 20 27 37 43
Total Self-Generated Energy (GJ) 11,845 14,590 11,461 12,019 15,710
Energy Saving Activities (#) 59 74 102 129 118
Annual Savings from Energy Saving Activities (GJ) 35,573 19,470 72,845 439,347 64,987
Capital Invested in Energy Savings ($MM USD) 1.97 2.43 1.74 5.05 3.79
PURCHASED ENERGY (%)
Purchased Electricity (%) 49.74 51.70 51.05 69.79 68.76
Purchased Natural Gas (%) 12.89 14.11 13.46 29.45 30.24
Purchased Steam (%) 0.00 0.00 0.00 0.00 0.00
Purchased Diesel Fuel (%) 0.87 0.95 1.12 0.76 0.48
SOURCES OF PURCHASED ELECTRICITY (%)2
Non-Renewable: Coal 46.72 45.53 41.12 40.04 39.61
Non-Renewable: Natural Gas 33.69 36.12 17.51 17.41 17.35
Non-Renewable: Other Fossil Fuels 0.00 0.00 0.26 0.21 20.00
Non-Renewable: Nuclear 11.95 11.37 9.86 9.01 8.82
Non-Renewable: Oil 2.16 1.60 1.82 1.70 1.67
Renewable: Hydro 3.24 2.23 14.79 15.22 14.07
Renewable: Wind 0.70 0.88 7.94 9.02 9.97
Renewable: Solar 1.48 2.20 3.76 4.67 5.61
Renewable: Biomass 0.06 0.07 2.53 2.44 2.37
Renewable: Geothermal 0.00 0.00 0.29 0.28 0.27
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(continues on next page)
Category 2019* 2020* 2021* 2022* 2023
EMISSIONS1
Greenhouse Gas Emissions (MT Scope 1 GHG)** 36,680 39,023 36,147 34,792 33,384
Greenhouse Gas Emissions (MT Scope 2 GHG)** 169,789 102,479 100,595 99,465 72,976
Greenhouse Gas Emissions (MT Scope 3 GHG)3 584,622 1,440,584 2,122,338 6,421,128 See CDP
Greenhouse Gas Emissions (MT Scope 1 & 2 GHG)** 206,469 141,502 136,742 134,257 106,360
Greenhouse Gas Emissions Intensity (MT 1&2 GHG/ MT Sales) 0.44 0.32 0.28 0.30 0.28
Greenhouse Gas Emissions Intensity (MT 1&2 GHG/ $B Revenue) 51,864 63,886 41,249 39,524 33,840
Annual GHG Emissions Avoidance from ESA & WMA (MT) 8,378 10,235 33,631 115,099 127,938
Reportable Releases—above permitted limits (#) 0 0 0 0 1
EMISSIONS OF SOX/NOX/VOC/HAPS (MT)
SOx 0.14 0.13 0.13 0.25 0.43
NOx 14.74 10.85 11.77 12.96 13.40
VOC 695.40 659.43 648.17 563.96 669.99
Top 4 Hazardous Air Pollutants 0.98 1.00 1.18 6.96 6.77
Particulate Matter 33.78 30.99 32.88 28.02 31.09
WASTE
Total Waste (MT) 31,087 29,783 33,090 32,267 31,462
Total Waste Intensity (Kg Waste/MT Sales) 66.60 66.92 66.90 71.88 82.66
Total Waste Intensity (MT Waste/ $B Revenue) 7,809 13,447 9,982 9,499 10,010
Percent of Total Waste Recycled/Beneficially Reused (%) 51.45 50.51 47.85 48.60 61.06
Percent of Total Waste Landfilled (%) 40.13 40.20 43.26 44.24 34.17
Total Waste Landfilled (MT)** 12,476 11,972 14,315 14,274 10,751
Total Non-Hazardous Waste (MT) 27,608 26,606 29,298 28,503 28,318
Waste Minimization Projects (#) 34 53 142 114 84
Annual Diversion from Waste Minimization Projects (MT) 2,087 743 3,136 8,425 13,965
Capital Invested in Waste Minimization ($MM USD) 0.00 0.33 1.48 2.68 0.40
Landfill Free Sites (%) N/A N/A N/A N/A 42
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 77
Category 2019* 2020* 2021* 2022* 2023
HAZARDOUS WASTE
Hazardous Waste US & Canada (%) 29 16 19 21 26
Hazardous Waste Latin America (%) 5 5 6 6 3
Hazardous Waste Europe (%) 36 51 41 34 36
Hazardous Waste Asia Pacific (%) 27 25 30 36 34
Hazardous Waste Middle East & Africa (%) 3 3 4 3 2
Total Hazardous Waste (MT) 3,480 3,177 3,792 3,850 3,173
WATER
Total Water Withdrawal (1000 m3) 1,356 1,801 1,796 1,738 1,599
Total Water Withdrawal Intensity (m3/MT Sales) 2.90 4.05 3.63 3.87 4.20
Total Wastewater Discharge (1000 m3) 892 1,032 1,164 1,122 1,146
Wastewater Recycled (% of Total) 34 43 35 35 28
Total Water Related NoV (#) 0 0 0 0 3
Withdrawal & Consumed from High and Extremely High Risk Areas (% of Total) 38 35 30 28 26
Water Minimization Projects (#) 4 6 19 19 10
Annual Diversion from Water Minimization Projects (1000 m3) 9 19 55 115 284
Capital Invested in Water Minimization ($MM USD) 0.04 0.38 0.24 0.07 1.02
SITES IN HIGH & EXTREMELY HIGH WATER RISK AREAS BY REGION
US & Canada (%) N/A N/A N/A N/A 11
Latin America (%) N/A N/A N/A N/A 4
Europe (%) N/A N/A N/A N/A 6
Asia Pacific (%) N/A N/A N/A N/A 12
Middle East & Africa (%) N/A N/A N/A N/A 4
CERTIFIED ENVIRONMENTAL MANAGEMENT SYSTEMS
Facilities externally certified to ISO14001/RC14001 (%)4 N/A 50 52 57 58
Facilities externally certified to ISO50001 (# of high energy sites)4 2 2 2 2 3
Suppliers externally certified ISO14001 (% of surveyed) N/A 70 75 72 72
Suppliers externally certified to ISO50001 (% of surveyed) N/A 17 19 24 32
*Includes estimated full year per formance of APM acquisition
**2019 baseline data revised to account for acquisition pro-forma per formance and divestitures
(1) Refer to CDP Climate Change Repor t for finalized Energ y/Emissions information https://www.avient.com/company/sustainability/sustainability-repor t/repor ting/cdp-climate-change-repor t
(2) Estimates.