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Covestro LLC Endorses U.N. Global Compact's New Ocean Initiative

Covestro LLC is celebrating World Oceans Day 2018 and reaffirming its commitment to United Nations Global Compact and the 17 U.N. Sustainable Development Goals (U.N. SDGs) by joining the newly launched Sustainable Ocean Business Action Platform. Through the new oceans initiative, Covestro will work toward solutions that reduce and ultimately eliminate plastics in the world's oceans, engaging thought leaders, businesses, non-governmental organizations, academia and other stakeholders in the conversation. According to the U.N. Global Compact, Long-term ocean well-being is vital to societal well-being. The world's ocean is our greatest common resource with a great potential to create more sustainable food, energy, minerals and transport for a growing world population, and can accelerate work across all 17 Sustainable Development Goals. Covestro shares the U.N's passion for keeping the oceans clean. Through its support of Operation Clean Sweep, the company has taken a global pledge to reduce marine debris by helping to keep plastic resin pellets from entering the waterways and oceans. Operation Clean Sweep is a global stewardship program administered by plastic associations around the world, including the American Chemistry Council (ACC) and The Plastics Industry Association in the United States. Its mission is to protect the environment by achieving zero pellet loss through the proper containment, reclamation and/or disposal of resin pellets. The marine debris issue is a global challenge that affects all of us, said Jerry MacCleary, chairman and CEO of Covestro LLC and chairman of the ACC's Executive Committee. The ACC has been actively engaged in this issue for some time, and we at Covestro will be working closely with the ACC, the U.N. and our industry colleagues to deliver solutions that keep debris out of our oceans. Covestro joins the new Sustainable Ocean Business Action Platform to 1) help define leadership in responsible business practices and focus on growth, innovation and sustainability and 2) mobilize the private sector to take tangible action, make investments and form partnerships, while at the same time explore how to best protect the health of the ocean. Upon its establishment in 2015, Covestro, one of the world's largest polymer companies, officially signed on to the U.N. Global Compact and committed to addressing the SDGs by aligning them to the company's scientific R&D and embedding sustainability into its core business, innovation and social strategies.