Eastman Chemical is a leading chemical company based in the United States that operates in the Basic & Diversified Chemicals sector. The company is committed to sustainability and has made significant strides in decarbonisation and the adoption of renewable energy. Eastman Chemical has a long history of innovation and has been a leader in the chemical industry for over 100 years.

Decarbonisation is a key focus for Eastman Chemical, and the company has set ambitious targets to reduce its carbon footprint. The company has committed to reducing its greenhouse gas emissions by 20% by 2025 and has set a long-term goal of achieving net-zero emissions by 2050. To achieve these targets, Eastman Chemical is investing in renewable energy and energy efficiency measures.

One of the ways that Eastman Chemical is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider to purchase a certain amount of renewable energy. By signing a PPA, companies like Eastman Chemical can support the development of new renewable energy projects and reduce their reliance on fossil fuels.

Eastman Chemical has signed several corporate PPAs in recent years, including a 100 MW wind power purchase agreement with Apex Clean Energy in 2020. The wind power will be used to power Eastman Chemical's manufacturing facilities in Texas and Tennessee, reducing the company's carbon footprint and helping to support the development of new renewable energy projects.

In addition to corporate PPAs, Eastman Chemical is also investing in its own renewable energy projects. The company has installed solar panels at several of its manufacturing facilities, including a 1 MW solar array at its Kingsport, Tennessee site. The solar panels generate enough energy to power 100 homes and help to reduce the company's reliance on fossil fuels.

Corporate energy management is another area of focus for Eastman Chemical. The company has implemented several energy efficiency measures to reduce its energy consumption and carbon footprint. For example, the company has installed energy-efficient lighting and HVAC systems at its manufacturing facilities, reducing energy consumption and greenhouse gas emissions.

Eastman Chemical is also investing in new technologies to further reduce its carbon footprint. The company is exploring the use of carbon capture and storage (CCS) technology to capture and store carbon dioxide emissions from its manufacturing processes. CCS technology has the potential to significantly reduce greenhouse gas emissions and help companies like Eastman Chemical achieve their decarbonisation goals.

In addition to its sustainability initiatives, Eastman Chemical is also committed to corporate social responsibility. The company has a strong commitment to ethical business practices and has been recognized for its efforts in this area. In 2020, Eastman Chemical was named one of the World's Most Ethical Companies by Ethisphere for the tenth consecutive year.

Eastman Chemical is also committed to supporting the communities in which it operates. The company has a strong philanthropic program and has donated millions of dollars to support education, environmental sustainability, and community development initiatives.

In conclusion, Eastman Chemical is a leading chemical company that is committed to sustainability and decarbonisation. The company is investing in renewable energy and energy efficiency measures to reduce its carbon footprint and has set ambitious targets to achieve net-zero emissions by 2050. Through its corporate PPAs, renewable energy projects, and energy efficiency measures, Eastman Chemical is leading the way in the adoption of sustainable business practices.