https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
In 2022, we expanded our materials offering with the acquisition of the protective materials
business of DSM, including the Dyneema® brand, the World’s Strongest Fiber™.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Meet aggressive sustainability goals
• Develop strategies to minimize plastic waste
• Increase post consumer recycle (PCR) utilization
and PCR availability
• Meet legislation requirements
Avient Solutions & Services
• Solutions enabling increased use of PCR content
• Specialty solutions incorporating recycle and
biobased content
• PCR Color Predictive Ser vice, enabling increased
use of recycled content
• Avient Design Ser vices to enable circular
solutions
LEARN MORE
Avient Sustainability
RENEW
Packaging Consumer Transportation
35-60%
BIO-RENEWABLE CONTENT
reSound™ BIO
Thermoplastic Elastomers
LEARN MORE
35%
LOWER CARBON EMISSIONS
ColorMatrix™ SmartHeat™
RHC PCR Performance Additives
LEARN MORE
EXPANDS
PCR USAGE
Design for Recycling
CycleWorks™ Center for
Mechanical Recycling
LEARN MORE
60%
Nymax™ REC Recycled Nylon
Formulations
LEARN MORE
RECYCLE
CONTENT
ENABLES
100%
PCR UTILIZATION
Cesa™ Nox A4R
Additives for Enhanced
Recycling
LEARN MORE
BIOBASED FIBER
ENABLING
10-20%
LIGHTER WEIGHT
SOLUTIONS
Dyneema® SB301
Biobased UD Fiber
LEARN MORE
85%
PCR Color Prediction Service
Winner: Innovation Award, Plastics Industry Association & Product
Technology Innovation, Plastics Recycling Awards Europe 2023
LEARN MORE
OF CONSUMERS CHOOSE
BASED ON COLOR
35-40%
RECYCLED CONTENT
reSound™ REC PCR TPE for
Automotive Interiors
LEARN MORE
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 42Sustainability Report | 2023 42
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/products/thermoplastic-elastomers/resound-bio-thermoplastic-elastomers
https://www.avient.com/products/polymer-additives/reheat-additives-pet/colormatrix-smartheat-rhc
https://www.avient.com/resource-center/services/cycleworks-innovation-center-plastic-recycling
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/nymax-rec-recycled-nylon-formulations
https://www.avient.com/products/polymer-additives/antioxidant-additives
https://www.dyneema.com/latest-news/dyneema-unveils-breakthrough-innovation
https://www.avient.com/resource-center/services/avient-color-prediction-service
https://www.avient.com/products/thermoplastic-elastomers/resound-rec-recycled-content-thermoplastic-elastomers
REDUCE
Avient’s portfolio of REDUCE solutions include design and materials solutions that enable customers to reduce weight, energy
consumption and emissions.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Improve fuel economy
• Reduce energy consumption
• Reduce carbon footprint
• Lessening environmental impact
Avient Solutions & Services
• Specialty solutions designed to replace traditional
materials (e.g. metal, wood) at lower weight
• Alternative solutions to reduce emittance of
volatile organic compounds
• Lightweighting design and solutions to reduce
material usage
• Avient Design Ser vices to reduce weight or
energy consumption
REDUCE
Consumer Transportation Building &
Construction
20%
LESS MATERIAL
Lightweight Dashboards
Hydrocerol™ Chemical
Foaming Agents
LEARN MORE
REDUCES
VOCs
SmartBatch™ FX for
Body & Trim Paint
Replacement
LEARN MORE
59%
Air Cargo Nets
Bio-Based Dyneema® Fiber
LEARN MORE
SUSTAINABLE DESIGN
Design for Lightweighting
Avient Design Services
LEARN MORE
LESS
WEIGHT
60%
EV Connectors
Edgetek™ PKE Non-Halogen Flame Retardant
Formulations
LEARN MORE40%
LED Lighting Components
Therma-Tech™ Thermally
Conductive Formulations
LEARN MORE
LESS CO
2
THAN NYLON
LIGHTER THAN
ALUMINUM LEARN MORE
Avient Sustainability
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 43Sustainability Report | 2023 43
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-fx-paint-replacement-0
https://www.dyneema.com/sustainability/bio-based-dyneema-fiber
https://www.avient.com/resource-center/services/avient-design
https://www.avient.com/products/engineered-polymer-formulations/chemical-corrosion-resistant-formulations/edgetek-pke-polyketone-formulations
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
PRESERVE
Avient’s portfolio of PRESERVE sustainable solutions are designed to preser ve natural resources like water, protect human health and
safety, and enable sustainable infrastructure.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_6.pdf
In 2022, we expanded our materials offering with the acquisition of the protective materials
business of DSM, including the Dyneema® brand, the World’s Strongest Fiber™.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Meet aggressive sustainability goals
• Develop strategies to minimize plastic waste
• Increase post consumer recycle (PCR) utilization
and PCR availability
• Meet legislation requirements
Avient Solutions & Services
• Solutions enabling increased use of PCR content
• Specialty solutions incorporating recycle and
biobased content
• PCR Color Predictive Ser vice, enabling increased
use of recycled content
• Avient Design Ser vices to enable circular
solutions
LEARN MORE
Avient Sustainability
RENEW
Packaging Consumer Transportation
35-60%
BIO-RENEWABLE CONTENT
reSound™ BIO
Thermoplastic Elastomers
LEARN MORE
35%
LOWER CARBON EMISSIONS
ColorMatrix™ SmartHeat™
RHC PCR Performance Additives
LEARN MORE
EXPANDS
PCR USAGE
Design for Recycling
CycleWorks™ Center for
Mechanical Recycling
LEARN MORE
60%
Nymax™ REC Recycled Nylon
Formulations
LEARN MORE
RECYCLE
CONTENT
ENABLES
100%
PCR UTILIZATION
Cesa™ Nox A4R
Additives for Enhanced
Recycling
LEARN MORE
BIOBASED FIBER
ENABLING
10-20%
LIGHTER WEIGHT
SOLUTIONS
Dyneema® SB301
Biobased UD Fiber
LEARN MORE
85%
PCR Color Prediction Service
Winner: Innovation Award, Plastics Industry Association & Product
Technology Innovation, Plastics Recycling Awards Europe 2023
LEARN MORE
OF CONSUMERS CHOOSE
BASED ON COLOR
35-40%
RECYCLED CONTENT
reSound™ REC PCR TPE for
Automotive Interiors
LEARN MORE
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 42Sustainability Report | 2023 42
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/products/thermoplastic-elastomers/resound-bio-thermoplastic-elastomers
https://www.avient.com/products/polymer-additives/reheat-additives-pet/colormatrix-smartheat-rhc
https://www.avient.com/resource-center/services/cycleworks-innovation-center-plastic-recycling
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/nymax-rec-recycled-nylon-formulations
https://www.avient.com/products/polymer-additives/antioxidant-additives
https://www.dyneema.com/latest-news/dyneema-unveils-breakthrough-innovation
https://www.avient.com/resource-center/services/avient-color-prediction-service
https://www.avient.com/products/thermoplastic-elastomers/resound-rec-recycled-content-thermoplastic-elastomers
REDUCE
Avient’s portfolio of REDUCE solutions include design and materials solutions that enable customers to reduce weight, energy
consumption and emissions.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Improve fuel economy
• Reduce energy consumption
• Reduce carbon footprint
• Lessening environmental impact
Avient Solutions & Services
• Specialty solutions designed to replace traditional
materials (e.g. metal, wood) at lower weight
• Alternative solutions to reduce emittance of
volatile organic compounds
• Lightweighting design and solutions to reduce
material usage
• Avient Design Ser vices to reduce weight or
energy consumption
REDUCE
Consumer Transportation Building &
Construction
20%
LESS MATERIAL
Lightweight Dashboards
Hydrocerol™ Chemical
Foaming Agents
LEARN MORE
REDUCES
VOCs
SmartBatch™ FX for
Body & Trim Paint
Replacement
LEARN MORE
59%
Air Cargo Nets
Bio-Based Dyneema® Fiber
LEARN MORE
SUSTAINABLE DESIGN
Design for Lightweighting
Avient Design Services
LEARN MORE
LESS
WEIGHT
60%
EV Connectors
Edgetek™ PKE Non-Halogen Flame Retardant
Formulations
LEARN MORE40%
LED Lighting Components
Therma-Tech™ Thermally
Conductive Formulations
LEARN MORE
LESS CO
2
THAN NYLON
LIGHTER THAN
ALUMINUM LEARN MORE
Avient Sustainability
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 43Sustainability Report | 2023 43
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-fx-paint-replacement-0
https://www.dyneema.com/sustainability/bio-based-dyneema-fiber
https://www.avient.com/resource-center/services/avient-design
https://www.avient.com/products/engineered-polymer-formulations/chemical-corrosion-resistant-formulations/edgetek-pke-polyketone-formulations
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
PRESERVE
Avient’s portfolio of PRESERVE sustainable solutions are designed to preser ve natural resources like water, protect human health and
safety, and enable sustainable infrastructure.
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
On September 1, 2022 we acquired the Protective
Materials business of DSM, the foundation of which
is the renowned technology and globally admired
brand of Dyneema®, the World’s Strongest Fiber™.
Recent Developments
APM Acquisition
On September 1, 2022, the Company completed the acquisition of the DSM Protective Materials business, including
the Dyneema® brand, the World's Strongest Fiber™.
Indefinite-lived intangible assets primarily consist of the Dyneema, GLS, ColorMatrix, Gordon Composites, and
Fiber-Line trade names.
https://www.avient.com/investor-center/news/avient-announces-third-quarter-2024-results
Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2024-results
Our expanding portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema®, the world's strongest fiber™.
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2024-results
Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
Our expanding portfolio of offerings includes colorants, advanced
composites, functional additives, engineered materials, and Dyneema®, the world’s strongest fiber™.
Our innovations cover a broad range of products in several end markets, from insulator rods
in power distribution to life saving vests and protective materials for the military and law enforcement agencies
manufactured using Dyneema® fiber.
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
We now have what we believe to be the
strongest portfolio offering in the history of the company with 100% of sales now being generated from
specialty applications.
2022 Company highlights include:
• Completed the acquisition of the DSM Protective Materials business ("APM"), including the
Dyneema® brand, the World's Strongest Fiber™ (the "APM Acquisition");
• Completed the sale of our Distribution business for $950.0 million;
• Full-year GAAP EPS from continuing operations was $0.90 in 2022, compared to $1.65 in 2021;
• Increased pro forma adjusted EPS from continuing operations from $3.02 in 2021 (pro forma for
the APM Acquisition and the sale of our Distribution business) to $3.04(1) in 2022;
• Strong working capital performance to finish the year resulted in cash flow from operations of
approximately $400 million for 2022;
• Generated approximately $290 million(1) of free cash flow, paid down $950 million of debt and
ended the year with a net debt-to-EBITDA leverage ratio of 2.9x(1);
• Increased our dividend on an annualized basis by 4% to $0.99; the 12th consecutive year of
annual increase;
• Our injury incident rate was 0.51 (per 100 full-time workers per year) compared to the industry
average of 3.40 in 2021;
• Certified again as an ACC Responsible Care® organization for outstanding environmental, health,
safety and security performance; and
• Continued our journey of improving our culture: received our 4th certification as a Great Place to
Work® by the Great Place to Work Institute, and the highest scores in the Company's history
Examples include:
• Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and
protection for end-use applications, including ballistic personal protection, marine and
sustainable infrastructure and outdoor sports;
• Unique technologies that improve the recyclability of products and enable recycled content to be
incorporated, thus advancing a more circular economy;
• Light-weighting solutions that replace heavier traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of transportation and reduce carbon footprint;
• Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural
resource conservation and fiber optic / 5G network accessibility.
Examples include:
• Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and
protection for end-use applications, including ballistic personal protection, marine and
sustainable infrastructure and outdoor sports;
• Unique technologies that improve the recyclability of products and enable recycled content to be
incorporated, thus advancing a more circular economy;
• Light-weighting solutions that replace heavier traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of transportation and reduce carbon footprint;
• Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural
resource conservation and fiber optic / 5G network accessibility.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Examples include:
• Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and
protection for end-use applications, including ballistic personal protection, marine and
sustainable infrastructure and outdoor sports;
• Unique technologies that improve the recyclability of products and enable recycled content to be
incorporated, thus advancing a more circular economy;
PROXY SUMMARY
6 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
• Light-weighting solutions that replace heavier traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of transportation and reduce carbon footprint;
• Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural
resources conservation and fiber optic / 5G network accessibility.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
The analysis also informed acquisition of the
protective materials business of DSM (including the Dyneema brand), now called Avient Protective Materials (APM).
The policies informed its purchase of the protective materials business of DSM (including the Dyneema brand), which is now called as Avient Protective
Materials (APM).