The world changed considerably in 2020 with the COVID-19 pandemic altering business operations, the economy and people’s daily lives. While the past year’s changes affected Koppers, the resilience and character of the business was amplified due to the Company’s visionary leaders and the tireless efforts of its people.
This unprecedented challenge also presents a unique opportunity for Koppers to strategically lay the groundwork for future success. Our Board works closely with the Koppers executive team to establish the Company’s long-term vision and strategy to foster sustainable growth and deliver shareholder value as a part of our Board’s fiduciary obligations.
Sustainability is central to Koppers identity — a company focused on enabling the circular economy through its preservation and recovery of wood products. In 2020, Koppers identity was again demonstrated by the formation of the Board’s Sustainability Committee (formerly the Safety, Health and Environmental Committee). Koppers is also setting strategy-defining goals to drive long-term performance. Through its commitment to Sustainability, we believe Koppers is making progress toward the creation of long-term value for all its stakeholders.
...the Company saw record-setting financial performance — validating Koppers belief that placing the care of our people first creates a culture of enhanced performance overall.
The Company continued to make notable progress in 2020 despite the challenging circumstances. Koppers effectively managed employee health and safety in response to COVID-19, while achieving record results in our underlying safety metrics. Koppers also increased its commitment to global workforce inclusion as well as its philanthropic contributions to the communities in which they operate. At the same time, the Company saw record-setting financial performance — validating Koppers belief that placing the care of our people first creates a culture of enhanced performance overall.
Koppers recent accomplishments exemplify the power of Sustainability as a core value to the Company’s overall success. Through its Zero Harm foundation and strategic focus on wood preservation, Koppers success story is inextricably linked with its strategic Sustainability pillars of People, Planet, Performance. While challenges like COVID-19 and climate change remain, we are confident Koppers is well positioned to continue delivering stakeholder value through its pursuit of a business strategy that fosters sustainable growth both now and in the future.
On behalf of the Koppers Board of Directors, thank you for your interest in Koppers Sustainability journey. We look forward to continuing to bring great value to all our stakeholders.