Evonik drives the next phase of strategic transformation, focusing on sustainable development

● Optimize product mix to support growth business units

● Increase investment in green growth areas

● Setting ambitious SDGs

Evonik is promoting the next stage of strategic transformation, integrating sustainable development into all aspects of corporate strategy comprehensively and systematically, including product portfolio management, innovation, and corporate cultu.

Evonik is overhauling its product portfolio to better support the growth of its three growth business segments, Specialty Additives, Nutrition and Consumer Chemicals, and Smart Materia.

Proceeds from the divestiture of the Performance Materials business unit and operating cash flow in the next few years will be used for the green transformation of the compa.

"We will significantly expand the 'sustainable handprint' of our products while reducing the footprint of our production operations," said Thomas Wessel, Member of the Executive Board and Head of Sustainability at Evon.

Evonik plans to reduce its footprint by significantly reducing direct and indirect greenhouse gas emissions from production and processi.

Evonik's research, development and innovation departments have been repositioned to fully integrate sustainability into the management of innovation activiti.

This vision will be supported by corporate venture capital activi.

As part of the strategic transformation, Evonik also assessed its medium-term financial targe.

In addition to the above ambitious financial targets, from next year onwards, sustainable development targets for sustainable handprints and footprints will be included in the long-term compensation plan of the Evonik Executive Boa.

Evonik takes responsibility for its business, its employees, the environment and socie.