Creating opportunities for small and diverse businesses

Covestro introduces new supplier diversity program in North America

Program builds on company’s commitment to diversity and inclusion, strengthens innovation

Pittsburgh, April 9, 2019 — Today, Covestro LLC announced the launch of its North American supplier diversity program, building on its continuous commitment to create a more diverse, inclusive and innovative culture. The new program opens the door for small and diverse organizations that have an interest in doing business with the global high-tech materials provider, which has operations throughout the United States and Mexico.

To learn more about Covestro’s supplier diversity program, visit the website at:
https://www.covestro.us/ company/diversity-and-inclusion/supplier-diversity.

“We believe that our supply base should reflect our company values and the diversity of the communities where we live and work. Our supplier diversity program paves the way by giving us a platform to connect with smaller, historically disadvantaged firms that share our passion for sustainability and innovation,” said Stacey Vigliotti, head of business procurement services at Covestro LLC.

That initial connection is made through an online portal, where potential suppliers can register for the opportunity to compete for Covestro’s business. The Supplier Diversity Portal acts as a hub of supplier information, which Covestro will use when considering new vendors for a product or service.

“Through this program, we hope to forge strategic alliances that allow us to better serve our customers, strengthen our culture of innovation and promote the growth of diverse businesses,” explained Micah Caporali, supplier diversity manager at Covestro LLC.

Covestro has long recognized diversity and inclusion as integral to its business and innovation strategies. That commitment extends throughout every aspect of its operations, including the supply network.

“We often look to our suppliers and business partners to bring new ideas and fresh insights to the table. And we believe that everyone should have a seat at that table,” said Haakan Jonsson, president and managing director of Covestro LLC. “By formalizing our commitment to supplier diversity, we aim to build relationships with forward-thinking, collaborative suppliers that want to grow with Covestro.”

“We’re early in this journey, but we’re committed to further developing our supplier diversity program through feedback and ongoing collaboration with suppliers,” he added.

Learn more about why the company is investing in supplier diversity:
https://youtu.be/GhASU1vbjxA.

About Covestro LLC:

Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business, which is among the world’s largest polymer companies with 2018 sales of EUR 14.6 billion. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, electrical and electronics, and healthcare industries. Other sectors include sports and leisure, cosmetics and the chemical industry itself. Covestro has 30 production sites worldwide and employed approximately 16,800 people at the end of 2018.

Find more information at www.covestro.us.

Media Contacts:

Bob Walker, Phone: 412 413 2369
bob.walker@covestro.com

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This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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