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From Our CEO
Dear Customers, Team Members, Suppliers, and Investors,
In 2022, Chroma Color Corporation continued to make significant steps to promote sustainability and be responsible stewards of our Earth. This includes our commitment to providing sustainable color concentrate materials to our customers, reducing our own waste and energy consumption, and implementing environmentally responsible practices other companies in the plastics industry can also follow.
Our senior leadership team continues to evaluate all current operation and manufacturing practices to continue to build on our 2022 Environmental, Social, and Governance (ESG) roadmap.
Several months ago, our senior leadership team re-evaluated all current operation and manufacturing practices and updated our Environmental, Social, and Governance (ESG) roadmap for 2023.
Our Continued Commitment for 2023:
1- Continue Sustainable Product Development for Our Customers: Chroma Color Corporation has developed color concentrates and additives using sustainable raw materials, such as recycled plastics, to reduce the environmental impact of its products.
2- Maintain Specific, Measurable, Achievable, Relevant, and Timely Sustainable Goals to positively impact our own company & our communities financially, and socially.
Our Chroma Color Board Members are also very committed to support of our programs. In addition, we continue to share our ESG results with our investor Arsenal Capital. I am very optimistic that we will achieve our ESG goals again for 2023 and stay focused on making the world better for our children and future generations.
In the following pages, you will find Chroma Color's Environment, Social, and Governance ESG Roadmap for 2023. If you require any further information, feel free to contact me.
Sincerely,
Chroma Color Corporation is a leading specialty color concentrate supplier serving diverse markets, including wire and cable, packaging, healthcare, pharmaceutical, consumer products, and others. With the recent acquisition of Epolin, Chroma is also the recognized leader in the near-infra-red (NIR) absorptive dye industry, producing proprietary blends to suit the eye protection and light management sectors.
Chroma Color team is dedicated to operating our facilities in a safe and
environmentally friendly manner. All of Chroma Color facilities meet the ISO 9001:2015 standards and the Asheboro facility also meets the ISO/IEC 17025:2017
standard.
Chroma Color’s growth strategy includes robust organic and inorganic growth
through nine acquisitions over five years. Chroma’s extensive technical
leadership and manufacturing expertise, coupled with its game-changing
colorant, has delighted customers for more than 50 years.
See full details on Chroma’s sustainability efforts in 2023, click on this ESGRoadmap.pdf
Living Wage:
Chroma Color commits to provide a living wage to its team members which includes not only financial income, but access to health care benefits where costs are heavily subsidized by Chroma.
Safe Work Environment:
We believe that All Work Injuries are Preventable and that Compliance with Regulations is Expected by All Employees. Our “Drive for Zero” Program
Cybersecurity:
In 2022 Chroma Color integrated a comprehensive cybersecurity program into the overall business to provide a safe environment for our employees and customers. We also now provide training to employees to utilize at work and in their personal lives. We have made the Employee Hotline available for any Information Security concerns.
Sustainable Procurement Mission:
Chroma Color’s sustainable procurement mission is to provide a supply chain solution that enhances long-term profitability and sustainable growth. We reinforce and support our company’s competitive advantages and goals by securing and purchasing quality products from suppliers who share the same values around Environmental, Social, and Governance and as stated in our Code of Conduct.
1- Restricted Work Injury Rate Down 50%.
2 – Chroma made over $ 1 million in investments in Environmental, Health & Safety improvements at our facilities in 2022 with continued investments. planned for 2023.
3 – Our Minor & Near Miss Reporting Has Lead to Proactive Actions -An 80% increase in engagement in reducing risk.
4 – The Senior Leadership team is engaged in the”Drive to Zero” program.
In 2023 Chroma Color Corporation Earned A Bronze Rating from EcoVadis
Chroma Color continues to implement additional Environmental, Labor &Human Rights, Ethics and Sustainable Procurement Processes to Improve Our Sustainability Performance Scores Year-Over-Year and to Push Chroma Color Beyond Simple Compliance.
We Enable Our Customers to Reach Their Company’s Sustainability Goals
Chroma Color Senior Leaders & Board of Director are committed to always act in the best interests of the company. We continue to continue to implement innovative ways to improve performance, reduce risk, grow responsibly, and maintain a positive reputation with our customers.
Learn more: chromacolors.com
To learn more about Arsenal Capital Partners: