Borealis releases inaugural Sustainability Issues Monitor

24.10.2007

The Sustainability Issues Monitor surveys and analyses the key economic, environmental and societal issues facing the polyolefins industry today.

First public survey and analysis of top sustainability issues for European polyolefin converters.
Results of a three-year tracking period define trends and rank most important issues.

Borealis, a leading provider of innovative, value creating plastics solutions, releases the inaugural issue of the Sustainability Issues Monitor, which surveys and analyses the key economic, environmental and societal issues facing the polyolefins industry today. The report surveyed European converters to assess the importance of and response to sustainability challenges, such as the rising cost of raw materials and energy, the perceived prevalence of plastic litter and the effects of chemicals on health.

The publication, resulting from a three-year tracking process, is the first public report presenting quantitative and qualitative survey findings on these sustainability matters related to the plastics industry. It provides valuable information to polyolefin converters, allowing them to compare and benchmark their approach to sustainability issues.

The top-ranking sustainability issues based on the report’s findings are the cost of raw materials and energy, waste recycling and international competition. Other key findings include the importance of innovation when it comes to addressing cost and competition issues. The report also shows the convergence of key environmental and economic issues into a broader resource efficiency agenda for industry.

“These findings clearly mark a call to make the optimum usage of raw materials,” comments Borealis Chief Executive Designate Mark Garrett. “It reconfirms our Value Creation through Innovation strategy and our commitment to a sustainable product-to-market model. Our shared challenge is to build partnerships to develop products that deliver value not only to business but to society at large.”

For further information, please contact:

Craig Halgreen
Communications Director, Borealis
+43 1 22400 334
craig.halgreen@borealisgroup.com

Borealis and Borouge are leading providers of innovative, value creating plastics solutions. With more than 40 years of experience in polyolefins and using our unique Borstar® technology, we focus on the infrastructure, automotive and advanced packaging markets. We have production facilities, innovation centres and service centres across Europe, the Middle East and Asia Pacific and work with customers in more than 170 countries around the world to provide plastic materials that make an essential contribution to society and to sustainable development. We are committed to the principles of Responsible Care® and to leading the way in 'Shaping the Future with Plastics.’

For more information on Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borouge.com.

This press release (BLPR193) and relevant photography can be downloaded from www.PressReleaseFinder.com. Alternatively, for very high resolution pictures, please contact Paulien Boumans.