Johnson Matthey Plc (Johnson Matthey) is a specialty chemicals company. The company manufactures catalysts and catalyst systems for vehicles and industry; supplies licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining, and gas processing industries; oversees management, distribution, refining, and recycling of precious metals; fabricates products using precious metals or related materials; supplies active pharmaceutical ingredients (API); and develops battery, atmosphere control, and fuel cells technologies.
Johnson Matthey’s catalyst products offer environmental benefits by enabling chemical reactions to be carried out under milder conditions, thereby reducing the amount of energy and toxic chemicals required. Notably, the company’s emissions control catalyst systems are fitted to roughly one-third of all cars produced around the world, reducing harmful nitrous oxide and particulate matter from vehicle emissions. Johnson Matthey also carries out product lifecycle assessments and has a clear and transparent strategy to mitigate hazardous chemicals from its products. Specifically, the company conducts hazard assessments and reports processes to phase out chemicals of high concern and reformulate products as needed. Aside from the environmental profiles of its products, Johnson Matthey pursues continual improvements with respect to its operations, in particular focusing on environmental quality advancements. For example, over 70% of the company’s manufacturing facilities have received certification to ISO 9001 quality management and ISO 14001 environmental management standards.
Despite positive trend data on certain occupational safety and health metrics, Johnson Matthey does not seem to be on track toward meeting its health and safety targets.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.