Sustainability for a
Better Tomorrow

2022

SUSTAINABILITY REPORT

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Message from the Governance andCorporate Responsibility Committee

On Our CoverLook for This Button Link

Interactive PDF

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About UsLEARN MORE

PREVIOUS

This breathtaking photo of Yosemite National Park,
California, USA; was submitted by Penny Chou,
Senior Representative, Customer Service. Click to
see more from our Earth Day 2022 Photo Contest

to Visit Our Sustainability Site
for More Topic Information

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Continuous Improvement

21

Products

Performance: Metrics and Monitoring

22

Innovation: Formulating for the Future

42

Security

23

Innovating for a Sustainable Future

43

How Our Products Enable Sustainability

44

Management Approach:
Product Stewardship

51

Product Excellence

52

Global Chemical Management

53

Management Approach:
Supplier Collaboration

Management Approach:Training and Development

24
25

Our Sustainability Strategy

5

Avient Competencies

Sustainability Performance & Recognition

62030 Sustainability Goals andCurrent Progress

Diversity & Inclusion:
Leading Change from the Top

26

7Management Approach:Diversity & Inclusion

27

Community Service andCharitable Contributions

69

Global Giving

70

Earth Day Clean Up

71

Earth Day Photo Contest

72

Performance
Performance Overview

74

Sustainable Solutions Performance

76

54

The Highest Ethical Standards

77

Supplier Evaluation

55

Compliance and Training Programs

77

Strategic Partnerships and Alliances

56

Ethics Hotline and Reporting

78

Enterprise Risk Management

79

Avient Reaffirms Commitment to
U.N. Global Compact

8

Employee Resource Groups at Avient

28

Engaging with Our Stakeholders

9

Workforce Demographics

31

Historic Transformation, Inspired Future

10

Associate Benefits

32

Avient Protective Materials

11

Awards & Recognition Programs

32

Who We Are

12

PlanetHuman Rights

33

Board of Directors Governance80

What We Do: Material Science

13

Protecting Our Planet

58

Health and Wellness

34

Board of Directors

81

Revenue by Geography and End Market

14

Climate Change

59

Virtual Learning

35

Policies & Guidelines

82

Where We Are: Global Locations

15

Reducing Emissions Across Our Value Chain 61

Career Training and Performance
Feedback / Virtual Learning

35

Operational and Commercial
Excellence Training

36

Eliminating Plastic Waste

64

Talent Development Programs

37

Clean-Up and Remediation

65

Water and Biodiversity

66

Communities and Customers
Counting on Avient

16

Message from Avient’s VP of Sustainability 17

PeopleManagement Approach: EH&S

19

Talent Acquisition and
Early Talent Programs

Safety First20

Becoming an Even Better Place to Work

Occupational Safety & Health21

Climate Risks & Opportunities

62

Waste: Preventing, Minimizing, Eliminating 63

39

Conventional Air Emissions

67

40

Committed to the Planet

68

Metrics and Index
People Data and Metrics

84

Planet Data and Metrics

85

GRI/SASB/TCFD Content Index

89

TCFD Climate Scenario Risks &Opportunities Matrix

102

Reconciliation of Non-GAAP
Financial Measures

103

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2022
Message from the CEO
Creating A World-Class, Sustainable Organization

Each year we publish a new Sustainability Report to offer our stakeholders a comprehensive
look at our company, details of our environmental, social and governance (ESG) initiatives,and our progress toward our 2030 Sustainability Goals.
Our success each year is underpinned by our 9,000+ incredible associates around theworld and their many contributions to Avient’s four cornerstones of sustainability: People,
Products, Planet and Performance. We are advancing sustainability through multiple levers,
acting in concert, to make for a better tomorrow.
We are committed to safety, diversity and inclusion, equality and human rights. We
demonstrate responsibility in all of our communities and run disciplined, efficient
operations that protect the environmental health of our planet. Yet it is our productportfolio­that truly differentiates us. The materials we produce are directly contributing toa more circular economy and making a positive difference in the lives of others. There areeight primary ways we proudly accomplish this through material science.
In this report you will also read how we view our role as a certified Great Place to Work® forour associates and a responsible corporate citizen. As we have performed and improvedin sustainability, external stakeholders are recognizing our efforts. Our scores from ratings
firms are continually improving (see page 6), and we continue to receive distinguishedrecognitions, including Newsweek’s Most Responsible Companies, Barron’s Most
Sustainable Companies, and The Wall Street Journal’s 250 Best Managed Companies.

The data, information and transparency offered herein further provide our many
stakeholders with insights into how we are performing related to today’s most pressing
issues and exciting opportunities. But perhaps more importantly, you will get a deep
perspective of who we are and what we value…as Avient.
Thank you for your interest in learning more. On behalf of our global associates, we areproud to be serving in a crucial role that will continue to create a more sustainable world formany generations to come.

Robert M. Patterson
Chairman, President and Chief Executive Officer

Meeting the needs of the present without compromising
the ability of future generations to do the same.

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2022
Message from the Governance and Corporate
Responsibility Committee
Avient Board of Directors
Dear Avient Stakeholder,
We appreciate that you have chosen to read Avient’s Sustainability Report.
Avient has clear responsibilities related to environmental, social and governance matters.
We provide oversight and guidance with regard to how the Board and management evaluate
and integrate these responsibilities into Avient’s business conduct. This includes equal
opportunity and respect for all people, regardless of religious beliefs, age, race, gender orsexual orientation, as fully explained in Avient’s Code of Conduct and its Position on Human
Rights. This also includes being a passionate steward of our natural resources for the longterm health and vitality of our planet.
As you read this report, you will note that Avient has policies, partnerships, investments
and actions in support of ESG leadership. Our Corporate Governance Guidelines and our
Committee charter furthers our commitment to maintain diversity at the highest levels of
our company. In terms of background, expertise, demographics, and perspectives, Avient’s
Board and leadership team are more diverse than ever before.

Sandra Beach Lin

Richard Fearon

Gregory Goff

There are many aspects to sustainability, and they are integrated into Avient’s strategy and2030 Sustainability Goals. These goals were instituted three years ago to deliver value to thecompany’s many stakeholders, and the company’s progress toward their achievement has
been published for each.
Looking ahead, the need for business leadership on ESG-related matters has never been
greater. Our 2030 Sustainability Goals will challenge us to lead by example, collaborate
with stakeholders on sustainable solutions, and advance inclusion in our workplaceand communities. This Sustainability Report captures our on-going progress in thisimportant work.
We thank you for your ongoing interest in this growing, innovative company and the positive
impact that Avient is making through the responsible and safe execution of our vision.
Sincerely,

Members of the Governance and Corporate Responsibility Committee,
Avient Board of Directors

Neil Green

Kerry Preete

Dr. Patricia Verduin

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Our Sustainability Guiding Principle and Four Cornerstones
To enable our customers’ innovation and sustainability goals through world-class products and services.

Our
Sustainability
Strategy
Sustainability is integral to achieving Avient’s
vision, mission and performance. We
enhance our strong strategic foundation withsustainability cornerstones, which provide
guideposts for our corporate responsibility
and customer-centered innovation. Throughincreased transparency and accountably,
Avient is committed to meeting the needs ofthe present without compromising the ability of
future generations to do the same.

People are essential to
Avient’s sustainability
strategy, and we invest
accordingly in ourassociates and within
our communities.

Our ability to enable ourcustomers’ sustainability
goals through materialscience and design expertiseis a key differentiator for ourcompany.

Climate change continues tobe one of the defining issuesof our time, and at Avient, weare dedicated to do our part.

Ultimately, our performancemust drive growth as a truly
world-class, sustainableorganization, achieving theright results, the right way.

As Product Sustainability Needs Increase, Avient Grows
OEMs of countless product categories are being challenged to address climate change and plastic waste, two critical challenges of our time. As aprovider of sustainable materials, the market demand for Avient solutions continues to increase. We are in a unique and favorable position in thatas the need for sustainability improvements to products increase, Avient grows as a result. In fact, our Sustainable Solutions materials portfolio
has grown at a 11% CAGR since 2016 and now make up approximately one-third of our total portfolio (see page 76).

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Sustainability Performance & Recognition
We have made significant progress in executing our sustainability strategy, as evidenced by our scores among key rating agencies and awards granted to Avient by esteemed third-party institutions.

ESG Ratings Performance (as of 12/31/22)

21

st

(1)

PERCENTILE
in Specialty
Chemicals

Quality
Score(2)

ENVIRONMENTAL
SOCIAL
GOVERNANCE

31
4

ESG Awards and Certifications

(1)
(2)

Copyright ©2023 Morningstar Sustainalytics. All rights reserved. This publication contains information developed by Sustainalytics (www.sustainalytics.com).
The use by Avient of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks of index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Avient by MSCI.

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2030 Sustainability Goals and Current Progress
Avient wasproud toannounce
our 2030
Sustainability
Goals three years ago
to share our commitment todrive sustainability for all of our
stakeholders. We assembled
internal Sustainability
teams to drive initiatives
and workstreams to meetthese targets, and we remaincommitted to aggressively
pursuing their attainment
through internal rigor,
investment and innovation.
In 2022, we updated ourGreenhouse Gas Emissionsand Waste to Landfill goals.
Our Greenhouse Gas Emissions
goal is now 55%. For Waste
to Landfill, we have revised
the goal to a 3% annual
reduction of waste to landfill
intensity. Learn more about ourapproaches to accomplishingthese commitments
throughout this report.

LEARN MORE
Visit Our Sustainability Site
for More Information

55%

35% in 2022

6% in 2022

53% in 2022

ON TRACKON TRACKON TRACK

Energy efficiency
projects drove 8,800
MWh in savings

41 “landfill free” sites

Installation of on-site
systems, virtual
power purchaseagreements

3%

60%

Greenhouse Gas Emissions

Waste to Landfill

Renewable Energy

Reduction in Scope 1 & 2
emissions vs. 2019

Annual reduction in waste
to landfill intensity

Source electricity fromrenewable sources

90%

60% in 2022

92% in 2022

11% 2016–2022

ON TRACKON TRACKON TRACK

Utilized EcoVadis
to facilitate
assessments

Launched solutions& services to enablecircular economy

Delivered 11% CAGR
(2016–2022)

100%

8-12%

Suppliers Assessed

Recyclable/Reusable Packaging

Sustainable Solutions Revenue

Assess supplier spend for alignment
with our Sustainability objectives

Enable products manufactured for
consumer packaging to be recyclable,
reusable or compostable

Annual growth (CAGR)

As a founding member of the Alliance to End Plastic Waste, Avient will collaborate to develop and implement solutions to end plastic waste withover 70 members across the value chain. The Alliance will invest $1.5 billion over five years in innovation, infrastructure, education and clean-up.

2022 Update:
The Alliance is executing on more than 50 projects in 30 countries, and diverted more than 33,000 tons of plastic waste away from theenvironment and recycled more than 20,000 tons.**https://endplasticwaste.org/

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Avient Reaffirms Commitment to U.N. Global Compact
The U.N. Sustainable Development Goals (SDGs) address global environmental, social and economic issues and blueprint the path to a more sustainable future. The SDGs
include specific progress targets for 2030, and encourage strong commitment by all stakeholders to implement the global goals. Society will increasingly look to companies like
Avient to develop solutions that address these sustainability challenges. We identified and mapped the SDGs that are most material to Avient and align with our sustainability
goals and business model. There are five SDGs (as shown below) where we believe Avient’s innovation capabilities can make the greatest impact.

Avient Aligns with
Five Sustainable
Development Goals
LEARN MORE
Visit Our Sustainability Site
for More Information

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Engaging with Our Stakeholders
We respond to customer and shareholder inquiries directly, including requests for information regarding key sustainability topics related to health and safety, environment and social policies, programs andperformance. Our Sustainability Report is intended to provide updates to our many stakeholder groups on the performance and outcomes in these areas annually. The additional channels for engagement
described in the table below vary in type and frequency, and are focused on the topics most relevant to each group.
Our leaders and their teams assess and identify material topics to our stakeholders, and work to ensure our channels of engagement support ongoing collaboration.

Stakeholder

Engagement

TopicsCustomers

Sales and technical meetings, plant visits, trade publications, social media,
surveys and feedback

Sustainability, business performance, material science innovation, customer service
and satisfaction, technical problem solving, product safety and regulatory information

Employees

Quarterly Global Associate Meetings, employee engagement surveys,
ongoing intranet communication, team meetings and town hallpresentations, Employee Resource Groups

Safety, sustainability, diversity & inclusion, business and individual performance,engagement action plans, policy and organizational information, career development
and training, benefits and compensation

Potential Employees

College campus recruitment, social media, Avient Careers webpage,job fairs, employee referrals, job interviews

Sustainability, Avient Core Values, diversity & inclusion, business performance,
community involvement, career development, benefits and compensation

Communities*

Employee community service, site management touchpoints with
community leaders, Avient website, social media, Chamber of Commerceand other memberships

Sustainability, philanthropic and volunteer opportunities, emergency preparedness,safety and environmental protection, employment opportunities

Shareholders

Quarterly earnings calls, conference calls, shareholder meetings,
Avient Investor Relations webpage

Sustainability, financial performance, business strategy and execution

Suppliers

Contract negotiations, sustainability assessments, business reviews,
individual meetings, Annual Supplier Summit

Growth and sustainability opportunities, quality, cost, innovation

Industry Associations

Associations such as American Chemistry Council, collaborative initiatives
such as the Alliance to End Plastic Waste

Sustainability, health & safety, supply chain, regulation, community action,
various industry-specific initiatives

Government and Other
Regulatory Agencies

Avient Political Action Committee, regular communications and outreach

Sustainability, business performance, regulations*Based on ongoing assessment of our footprint, Avient does not operate on indigenous lands. In the event that Avient operations should operate on indigenous lands in the future, we would leverage our existing community stakeholder engagement
programs as outlined above to consult with indigenous peoples.

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Historic Transformation,
Inspired Future
Avient Corporation was originally established as PolyOne Corporation in 2000 through theconsolidation of two companies in the materials industry. The early years were challenging as
the company struggled to find or create its identity as a combined enterprise. That changed
in 2006 when we embarked on a specialty transformation journey driven by our four-pillar
strategy of Specialization, Globalization, Commercial Excellence, and Operational Excellence.
As the company evolved into specialty areas, we focused on putting our customers and theirneeds first, then looking inward to make a difference. Coincident with the transformational
acquisition of the Clariant Color business in 2020, we branded the collective enterprise
Avient—a new name for a new kind of materials company.
In 2022, we dramatically advanced our specialty journey and expanded our materials offeringwith two transformational portfolio moves. We completed the acquisition of the protective
materials business of DSM, including the Dyneema® brand, the World’s Strongest Fiber™.
Also, we divested our Distribution business to an affiliate of H.I.G. Capital.
Today, we are a leading formulator of specialized and sustainable material solutions thattransform customer challenges into opportunities, bringing new products to life for a betterworld. Our offerings include specialty engineered materials, performance fibers, advanced
composites, and color and additive systems.
Headquartered in Avon Lake, Ohio, Avient employs approximately 9,700 people atmanufacturing sites and technical labs in North America, South America, Europe, the Middle
East, Asia, and Africa.

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Avient Protective
Materials
On September 1, 2022, we completed the purchase of the protective
materials business of DSM (including the Dyneema® brand), now called
Avient Protective Materials. The foundation of Avient Protective Materials(APM) is the renowned technology and globally admired brand of
Dyneema®, the World’s Strongest Fiber™.
This ultra-lightweight specialty fiber, 15 times stronger than steel, isused in demanding applications, such as personal protection, marine
and sustainable infrastructure, renewable energy, industrial safety, andoutdoor sports. The business includes six production facilities, four R&D
centers, and approximately 1,000 employees worldwide.

“We protect people and the environment they live in”
With the addition of Avient Protective Materials, we have:• Expanded our composites and specialty engineered fibers portfolio• Increased our presence in Defense, Energy, Consumer andIndustrial markets• Added to our sustainable solutions portfolio from protective
materials to marine infrastructure applications, including the firstever bio-based ultra-high molecular weight polyethylene fiber
From responsible manufacturing practices to innovative sustainable
solutions, the addition of Avient Protective Materials not only advances
our specialty portfolio, it also complements Avient’s approach tosustainability.

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Who We Are
Avient Corporation (NYSE: AVNT), with 2022 pro forma revenues of $3.7 billion, provides specialized
and sustainable material solutions that transform customer challenges into opportunities, bringing
new products to life for a better world. As of December 31, 2022, Avient employed approximately
9,700 associates and is certified ACC Responsible Care®, a founding member of the Alliance to End
Plastic Waste and certified Great Place to Work®. For more information, visit www.avient.com.

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Our Vision
At Avient, we create specialized and sustainable material solutions thattransform customer challenges into opportunities, bringing new products
to life for a better world.

Our Strategy
SPECIALIZATION
Differentiates us through unique value-creating offerings to our customers.
COMMERCIAL EXCELLENCE
Governs our activities in the marketplace to deliver extraordinary value toour customers.
GLOBALIZATION
Positions us to serve our customers consistently, everywhere in the world.
OPERATIONAL EXCELLENCE
Empowers us to respond to the voice of the customer with relentlesscontinuous improvement.

Our Values
CORE VALUESCollaboration. Innovation. Excellence.
These core values, which begin with our individual decisions and actions,focus our attention on putting the customer first by creating genuine
value through collaboration, innovation and an unwavering commitment
to excellence. We will uphold these values with the utmost integrity in allthat we do.
PERSONAL VALUES
Integrity. Honesty. Respect.
These personal values begin with each of us—the judgments and decisions
we make as individuals affect the way Avient is viewed in the marketplaceand in the communities where we work.

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What We Do:
Material Science
Avient’s vision is to create specialized and sustainable material
solutions that transform customer challenges into opportunities,
bringing new products to life for a better world. To fulfill our vision,
we leverage our unique position in the value chain to offer leading
solutions and services around the world.
Starting with raw materials, we source only the best polymers,
additives, modifiers, fillers, reinforcers, colorants and pigments. We
offer specialty expertise and innovation to help our customers get
exactly what they need. Our formulation expertise supports materialscience decisions, while our processing expertise guides customers
to use the materials properly. Our design recommendations help
create the end use applications. Moreover, our experienced scientists
are focused on providing unique innovations that help our customers
reach their sustainability goals.
We have identified eight ways that we enable our customers to solve
complex sustainability challenges and have organized our portfolio
accordingly, from enabling the use of more recycled content,
formulating with biopolymers, sustainable infrastructure, humanhealth & safety, lightweighting, reducing volatile organic compounds,
reducing energy usage and offering eco-conscious solutions.
Avient is committed to meeting the needs of the present withoutcompromising future generations’ ability to do the same. Together, it
is our job to help protect the earth’s resources.
We sell our solutions to Brand Owners/OEMs, processors andassemblers to enable their sustainability goals in applications like
automotive, building and construction, consumer goods, electronicand electrical, healthcare, packaging, textiles, transportation, andwire and cable.

colorants

Raw
Materials

additives
modiﬁers
reinforcers

CUSTOM
FORMULATION

GlobalBrands

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Revenue by Geography 2022*
Latin America
5%

Revenue byGeography and
End Market
The importance of sustainability is not limited by geography or
end market. More innovative product designs, through continual
improvement and global customer pull, provide Avient a unique
opportunity to help.
Our global footprint offers both state-of-the-art facilities and talented
commercial associates that enable quick collaboration with ourcustomers—where they need us, when they need us. Whether it’sa large multi-national OEM, or a smaller product manufacturer
launching a localized product, Avient is there to serve.
From healthcare to transportation to packaging, and everything
in between, we help our customers meet their product design andsustainability goals.
In the revenue by end market chart on the right, you can see thepreponderance now heavily focuses on less cyclical, more resilientend markets.

United States &Canada
40%

Asia
18%

EMEA
37%

Revenue by End Market 2022*
Telecommunications
4%

Energy4%Consumer
20%

Building &Construction
10%

Transportation
9%

Packaging
24%

Industrial
15%

Defense6%*Pro Forma for the acquisition of APM and the divestiture of Distribution

Healthcare
8%

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Where We Are: Global Locations
Headquartered in Avon Lake, Ohio, we have operations around the world.
We believe that the quality, production capacity and locations of our more than 100 facilities helps to maintain our competitive position and accelerate speed to market. Our breadth of operations also
minimizes environmental and transportation impacts through local and regional production of our materials and ultimate delivery to customers.

Color, Additives and Inks (CAI)
1. Glendale, Arizona

22. Vonore, Tennessee

44. Lahnstein, Germany

65. Jeddah, Saudi Arabia

1. Birmingham, Alabama

2. Phoenix, Arizona

23. Winchester, Virginia

45. Guatemala City, Guatemala

66. Riyadh, Saudi Arabia

2. Mesa, Arizona

Shanghai, China (b)3. Bethel, Connecticut

24. Lomas de Zamora, Argentina

46. Gyor, Hungary

67. Yanbu, Saudi Arabia

3. Englewood, Colorado

Stanley, North Carolina(b)4. Dalton, Georgia

25. Assesse, Belgium

47. Kalol, India

68. Jurong, Singapore

4. Montrose, Colorado

Singapore, Singapore(b)5. Kennesaw, Georgia

26. Louvain-La-Nueve, Belgium

48. Pune, India

69. Randburg, South Africa

5. North Haven, Connecticut

Pune, India(a)6. Elk Grove Village, Illinois

27. Itupeva, Brazil

49. Rania, India

70. Alicante, Spain

6. McHenry, Illinois

Pamplona, Spain(a)7. West Chicago, Illinois

28. Suzano, Brazil

50. Vashere, India

71. Barcelona, Spain

7. Winona, Minnesota

8. La Porte, Indiana

29. Toronto, Canada

51. Tangerang, Indonesia

72. Pamplona, Spain

8. Greenville, North Carolina

9. Lewiston, Maine

30. Maipu, Chile

52. Naas, Ireland

73. Sant Andreu, Spain

9. Hickory, North Carolina

10. Holden, Massachusetts

31. Chuzhou, China

53. Lomagna, Italy

74. Malmoe, Sweden

10. Avon Lake, Ohio

11. Albion, Michigan

32. Guangzhou, China

54. Merate, Italy

75. Taoyuan, Taiwan

11. Hatfield, Pennsylvania

12. Minneapolis, Minnesota

33. Pudong, China

55. Pogliano, Italy

76. Bangkok, Thailand

12. Changzhou, China

13. St. Louis, Missouri

34. & 35. Shanghai, China

56. Butterworth, Malaysia

77. Phan Thong, Thailand

13. Shenzhen, China

14. Lockport, New York36. Suzhou, China

57. Santa Clara, Mexico

78. Gazientep, Türkiye

14. Suzhou, China

15. Mooresville, North Carolina

37. Tianjin, China

58. Toluca, Mexico

79. Gebze, Türkiye

15. Gaggenau, Germany

16. Berea, Ohio

38. Cota, Colombia

59. Auckland, New Zealand

80. Barnsley, United Kingdom

16. Melle, Germany

17. Massillon, Ohio

39. Aland, Finland

60. Karachi, Pakistan

81. Knowsley, United Kingdom

17. Drachten, Netherlands

18. North Baltimore, Ohio

40. Cergy, France

61. Lahore, Pakistan

82. Thuan An, Vietnam

18. Green, Netherlands

19. Norwalk, Ohio

41. Tossiat, France

62. Lima, Peru

19. Heerlen-Beitel, Netherlands

20. Lehigh Valley, Pennsylvania

42. Ahrensburg, Germany

63. Konstantynow, Poland

20. Barbastro, Spain

21. Mountain Top, Pennsylvania

43. Diez, Germany

64. Kutno, Poland

21. Istanbul, Türkiye

(a)
(b)
(c)

Specialty Engineered Materials (SEM)(c)

Facility is not included in manufacturing plants total as it is also included as part of another segment.
Facility is not included in manufacturing plants total as it is a design center/lab.
There are two manufacturing plants located in Shanghai, China.

22. Leek, United Kingdom

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Communities
and Customers
Counting on
AvientAvient supported customer operations in over 140
countries around the world in 2022, as we supply our
specialty materials that bring customers’ products
to life. Our broad, worldwide reach is a tremendous
testament to the execution of the Globalization pillar of
our proven strategy.
Just as our customers count on us for on-time, highquality products and services, the communities inwhich we operate count on us to support sustainablebusiness practices. At Avient, we engage and contributeto local communities, while always conforming to ourinternal rigor of standards, policies and values.

North / Central
AmericaSouth
America

EuropeCanadaCosta Rica
Dominican Republic
El Salvador
GuatemalaHaiti
Honduras
Jamaica
MexicoNicaragua
PanamaPuerto Rico
Trinidad & Tobago
United States

Argentina
BelizeBolivia
BrazilChile
Colombia
EcuadorParaguay
Peru
Suriname
Uruguay
Venezuela

Aland Islands
Albania
Armenia
Austria
BelarusBelgium
Bosnia Herzegovina
Bulgaria
Croatia
CyprusCzech Republic
Denmark
Estonia
FinlandFranceMiddle East/
Asia
Georgia
Germany
GreeceHungary
Iceland
Ireland
Italy
KosovoLatviaLithuania
Luxembourg
Malta
Moldova
Netherlands
North Macedonia

NorwayPolandPortugal
Romania
San Marino
SerbiaSlovakia
Slovenia
Spain
SwedenSwitzerland
UkraineUnited Kingdom

AfghanistanAzerbaijan
Bahrain
Bangladesh
Cambodia
Greater China
India
Indonesia
Iraq
IsraelJapan
JordanKazakhstan
Kyrgyzstan
KuwaitAfricaLaos
Lebanon
Malaysia
Maldives
Myanmar
Nepal
Oman
Pakistan
Philippines
Qatar
RussiaSaudi Arabia
Singapore
South Korea
Sri Lanka

Tajikistan
ThailandTürkiyeTurkmenistan
United Arab Emir.
Uzbekistan
Vietnam
Yemen

Algeria
AngolaBenin
Botswana
Cameroon
Egypt
Ethiopia
Gabon
Ghana
GuineaIvory Coast
Kenya
Libya
Mali
Mauritius

Australia/
Oceania
MoroccoNigeria
SenegalSouth Africa
Tanzania
Tunisia
UgandaZambiaZimbabwe

Australia
Fiji
French Polynesia
Martinique
New Caledonia
New Zealand

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Message from Avient’s
VP of Sustainability

A few years ago, we established ambitious 2030 sustainability targets
related to climate change, waste, product innovation, and supplierengagement, as well as a goal to reach carbon neutrality by 2050. With the unwavering dedicationand enthusiasm of our global associates, we continue to make significant progress in achieving thesegoals. We invite you to read this year’s Sustainability Report, which showcases our commitment tosustainability, and also offers insights into our culture of sustainability we are so proud of at Avient.

LEARN MORE

Vice President of Sustainability

Visit Our Sustainability Site
for More Information

A Few Highlights from 2022:• Welcomed Dyneema® Protective Materials to
the Avient portfolio, significantly increasing oursustainable solutions portfolio• Avient’s Sustainable Solutions Portfolio has
grown at a compounded annual growth rate of
11% since 2016

• Ranked as one of Barron’s 100 Most Sustainable
Companies, Newsweek’s America’s Most
Responsible Companies, and a WSJ Top 250
Best-Managed Companies• Recognized with 5 technology and design awards
with products launched in 2022

• Launched 40+ new Sustainable Solutions
globally in 2022

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Sustainability Report | 2022

The Avient Sustainability Promise

At Avient, sustainability is an integral part of who we are as acompany. Our sustainability strategy—People, Products, Planet,
Performance—is essential to achieving our mission and vision, andour associates are actively engaged and passionate about driving ourstrategy forward. As the global need for sustainability accelerates,
we are ready to meet the challenge. We are focused on developing
innovative products that solve our customers’ performance andsustainability challenges, while reducing the environmental impact of
our operations.

Walter Ripple|• Enhanced our carbon disclosures, including
Scope 3 emissions, and a 3rd party certification of
our carbon emissions

As a leading provider of specialized and sustainable material solutions,
Avient is committed to meeting the needs of the present withoutcompromising future generations’ ability to do the same. We are committed
to creating value for our customers, employees, communities andshareholders through our dedication to ethical, sustainable and fiscally
responsible principles.
• We will put our customers first by helping them grow their businesses
with innovative, safe and environmentally sound solutions following theprinciples of trust and environmental stewardship established in our
groundbreaking No Surprises PledgeSM.
• We will strive to minimize our environmental impact and maximize
our conservation of the earth’s resources by using energy-efficienttechnologies, recycling more, reducing waste, continuously improving
operating efficiencies and driving operational excellence.
• We will provide a safe workplace for our employees and will protect ourcommunities by continuously improving our world-class environmental,
health and safety performance.
• We will create opportunity for our employees by growing our business,building a more diverse workforce, investing in world-class training anddevelopment, and making Avient the employer of choice.
• We will be involved in the communities in which we operate by building
closer relationships with charitable and public service organizations andencouraging our people’s engagement in local sustainability initiatives.
• We will work collaboratively with our suppliers to lessen theenvironmental impact of logistics across our global supply chain.
• We will build strong relationships with providers of leading-edge
sustainable technologies.

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Chandrapur Assam, India by Roop Kumar Nath|

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Management Approach: EH&S
The top priority at Avient is safety.
At the highest level, Avient’s Board of Directors has a long-standing Environmental, Health & Safety (EH&S) Committee thatoversees and monitors environmental, health, safety, security and product stewardship policies, standards and practices
to ensure regulatory compliance and operational excellence globally. These responsibilities have been expanded toinclude oversight of climate related risks as well.
Avient’s EH&S Management System (EH&S MS) is managed by its Corporate Environmental, Health, Safety and ProductStewardship Department, and degreed technical experts employed in all regions and businesses. Avient’s Vice Presidentof EH&S and SVP of Global Operations and Process Improvement are responsible for reporting performance to the
EH&S Committee of the Board of Directors. The foundation of our Management Approach to EH&S is rooted in ACC
Responsible Care®. We established a comprehensive EH&S MS to systemically identify and address any risks. Avient’s
EH&S MS is externally certified and based on the American Chemistry Council’s Responsible Care Management System(RCMS) Standard, which incorporates the principle of continuous improvement. It applies to all Avient sites and ourcontractors globally.
Avient’s EH&S MS is comprised of global standards for safety, health, security, product safety, and environmental
protection, covering the transportation of materials, activities at our sites and warehouses, distribution of our products,
our customers’ use of our products, and our ongoing commitment to be a positive influence in the communities in which
we operate. It covers both regulatory requirements and voluntary actions. The policies and codes that are included in the
EH&S MS are:
• Responsible Care Policy, which outlines our overarching commitment to the Responsible Care Guiding Principles;• Safety & Health Policy, which focuses on providing a safe and healthy workplace for our associates through building anactively caring culture;• Security Policy, which focuses on protecting the security of our people and all information related to our operations;• Avient Code of Conduct, which focuses on putting forth guidelines for ethical behavior;• Environmental Policy, which focuses on ensuring enduring operations, that contribute positively to our associates’
well-being and the well-being of the communities in which we operate;• Product Stewardship Policy, which covers the sustainable and ethical management of our products to protect ourassociates, customers and communities in which we operate.

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Safety First
Avient is focused on our goal of zero recordable injuries and our ongoing desire tointegrate safety into all aspects of our organization. Progress toward this goal ismeasured at the Business Unit and regional levels, and progress toward zero recordable
injuries is communicated globally and linked to a number of recognition mechanisms.
A zero recordable injury goal reflects Avient’s focus on the People aspect of our 4P
sustainability cornerstones. In 2022, we maintained world class safety performancewith a recordable incident rate of 0.51, which is more than six times better than the U.S.
Rubber and Plastics Manufacturers industry average. Until that number is zero, we havemore work to do. Additional detail, systems, and performance metrics are provided in
the Occupational Safety & Health section of this report.

Injury Incidence Rate




Injuries per 100 Workers

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.51







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Occupational Safety & HealthContinuous
Improvement

Occupational safety, health and well-being are paramount at Avient because we understand the value ofgood performance in these areas to our people, their families, collective morale, operational costs, ourcontractors, the communities in which we operate, and reputation. As such, we ensure that our operations
meet both legal and best-in-class standards.

We have set ambitious internal goals for safety, health, andenvironmental protection, and we regularly conduct audits
to monitor our performance and progress toward thesegoals. We also track physical security incidents and manage
those through the EH&S MS. The management system audits
are conducted by leaders from corporate and the various
operations, in conjunction with third-party experts where
necessary, and consist of site visits to validate compliance tointernal standards and regulatory requirements. The audits
identify areas where corrective and preventive measures arenecessary to further reduce risks. Companies acquired by Avientgo through a rigorous EH&S integration process to bring newsites in line with our high standards and policies. Part of thisprocess is to help sites develop their own EH&S Maturity Road
Map which guides them through the implementation of ourstandards through a risk based approach.

Our “safety first” culture was built not through words, but through dedication, continuous improvement,
and action. Throughout Avient’s history, systems have been in place that underscore our commitment to theoccupational health, safety, and well-being of our associates.
Avient believes that only with the active participation of all associates, at all levels of the organization, canrisk truly be reduced to acceptable levels. For this reason, we have built an actively caring and attentive
culture, where input on safety and health topics is encouraged and expected. To enhance associateparticipation in our safety & health systems, for 2022, we updated our Annual Incentive Plan design toinclude a metric that measures the percentage of associates who participate in a safety engagement
activity. These safety engagement activities can range from submitting a safety suggestion, identifying a
hazard to leading a safety meeting or helping a customer with a safety issue.
Each associate has the freedom and expectation to communicate hazards and remove their self fromunsafe situations, without the fear of reprisal. Safety committees represent all associates employed in
production. Where there is a need for new internal standards or updates to existing ones, working groups
comprised of regional and corporate EH&S experts are established. We then develop and communicate thedraft to internal stakeholders, soliciting feedback, and considering revisions before the standard is finalized
and approved. All standards are then published in the EH&S information management system and madeavailable to all associates.

After all health, safety, security or environmental incidents,
Avient conducts an investigation to identify root causes,
implement corrective actions and validate measures toprevent reoccurrence are enduring. Specific investigation
methodologies are provided and described in Avient’s Incidents,
Accidents & Safety Reporting module of our EtQ information
management system. This process ensures that all incidents
are fully documented, communicated and properly managed by
EH&S and business unit leadership in a timely manner.

Under our EH&S MS, Avient has rolled out multifaceted trainings and tools to achieve our ultimate goal ofzero recordable injuries in the workplace. Examples include Residual Risk Reduction (R3),
which incorporates behavioral safety, improvements to safety leadership, various safetysuggestion mechanisms, internal and external audit systems, and quarterly Global
Safety Days. The importance of associate participation in safety management systems
RISK
is a common thread throughout our training systems at Avient.
PERCEPTIONDECISIONORACTIONRISKTOLERANCE

Our R3 initiative helps associates identify and weigh risk to lead them to a safer decision or action.

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Performance: Metrics and Monitoring
To quantify risk and reduce it over time, Avient monitors several key performance indicators on aregular basis: Total Recordable Incident Rate (TRIR), Lost Time Injury/Illness Rate (LTIR), Severity Rate
(SR) and Injuries of High Consequence (IOHC).
These rates are compiled globally and reported on a monthly basis to all leadership personnel in thecompany. As Avient is focused on its ultimate goal of zero recordable injuries and our ongoing desire
to integrate safety into all aspects of our operations, we track annual reduction goals measured at thebusiness unit and regional levels. Progress toward zero recordable injuries is communicated globallyand celebrated.
Leading indicators are also tracked to ensure efforts to identify and eliminate risk proactively
continue. These leading indicators include the continuous monitoring of progress on corrective

and preventive actions, the number of risk assessments performed, details on the amount of risk
eliminated or mitigated, the number of safety improvements submitted and implemented, theparticipation rate in safety engagement activities, the number of internal audits conducted andparticipation rates of Global Safety Day activities.

ESG Metrics & Employee Incentive Compensation
For 2022, we added ESG performance metrics to our associates’ Annual Incentive Plan. Metrics
include: employee engagement, safety, sustainable solutions, waste to landfill intensity andenergy intensity.

2022 Safety Milestones
21,410 SAFETY ENGAGEMENT ACTIVITIES COMPLETED IN 2022+

6%

31%

3

0

0

0

ReducedInjury Rate
0.55 to 0.51

Reduction in
Severity Rate

New Safety
Standards

High-Consequence
Injuries*

Knife Related
Injuries**

Recordable
Injuries in
Car Fleet*Injuries that take six months or longer for a worker to recover from, according to the Global Reporting Initiative.
**Since implementation of reduced risk knife requirement

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Security
Keeping Avient’s operations, infrastructure, and intellectual property protected is a vital task, asa breach in physical security at sites or cybersecurity could lead to risks to stakeholders and thesustainability of our enterprise.

Governance
Avient’s robust security measures are designed to protect our personnel and facilities fromoperational threats and keep our business safe from cybersecurity attacks. Our security programs
are risk-based, flexible and responsive to the environments in which we operate. The security
management system module in the EH&S MS is based on the Responsible Care® Security Code whichseeks to continuously improve our processes and systems related to security performance andimplement management practices consistent with its guidance.
The Avient Security and Privacy Council (ASPC) oversees the security-related governance, risk
mitigation and regulatory compliance requirements of our company globally. Supporting theASPC are two subcommittees. One subcommittee is focused on physical security and the other isdedicated to data confidentiality and cybersecurity. We are also a member of the U.S. Customs Trade
Partnership Against Terrorism (CTPAT), the supply chain security program under U.S. Customs andBorder Protection, and a member of the Canadian Border Services Agency Partners in Protection (PIP)
program. Avient’s Global Trade and EH&S departments share responsibility for supply chain security.

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Physical Security
Our facilities undergo periodic analyses to address potential threats. Each assessment considers
geographic location, relationships with communities and applicable laws. In higher-risk areas, we
maintain detailed security preparedness plans. Our security personnel continuously improve our risk
management methodologies, threat-assessment capabilities and technical security management
processes through drills, training programs and industry forums.

Data Confidentiality and Cybersecurity
As cybersecurity risks evolve, we must protect against threats to our data, facilities, andoperations. Avient has a global program to ensure that proper cybersecurity measures are in placeand our organization maintains compliance with ever-changing privacy laws, including General
Data Protection Regulations (GDPR), as well as specific laws in all countries and regions where
Avient operates. Awareness remains one of our best defenses, and cybersecurity education is apriority for our associates and business partners. 100% of our required associates completed webbased cybersecurity training last year to help them identify and respond to potential cybersecurity
risks and reinforce safe behaviors. We also expanded our cybersecurity controls to address theevolving global cybersecurity threats. Externally, a third-party auditor performs a quarterly
assessment of our processes, policies and performance related to IT cybersecurity. We continue
to monitor our performance of Avient’s BitSight Security Rating, a measurement of our security
performance over time.

740

BitSight
Cybersecurity Rating*Top 35% in Chemicals Industry*BitSight rating as of April 18, 2023

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Management Approach: Training and Development
The development and training of our workforce is a priority for Avient, as it influences our greatplace to work culture while enabling our teams to accomplish business goals. At Avient, we provide
meaningful learning engagements and skill development opportunities to all full and part-time
global associates. Learning is ingrained in our culture and every Avient associate participates intraining annually. We manage training and development through global programs and technology,
with a purpose to ensure a consistent and high-quality experience for associates—all to unleash theirfull potential at work. In 2022, our associates completed over 142,000 hours of training through avariety of delivery methods.
Global technology enables the management approach, and it is critical to our strategy forcareer advancement. The Avient Learning Management system allows associates to register for
instructor-led and virtual learning experiences, which are tracked in their personal learning history.
Performance management data is stored and retained through the HR systems. Access to thisinformation supports talent development and internal career progression.

Avient also offers nomination-based leadership development programs, such as NextGen, Elevate,
Emerging Leaders and Avient Mentoring. To support administrative and strategic skill sets of ourmanagers, we also offer open enrollment and on-demand Supervisory Skills training and regionalsessions of CORE Leadership. The ENGAGE initiative was designed to broaden our culture of learningin our manufacturing footprint, bringing classroom experiences focused on our sustainability
strategy and product portfolio to the production teams at our global locations.
Course evaluations, focus groups and program pilot techniques are utilized to gain insightto program effectiveness and monitor opportunities for enhancement. We also conduct 360
assessments to help associates assess their individual development and progression based on
feedback from key stakeholders.

142,000

HOURS OF TRAININGCOMPLETED IN 2022

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Sustainability Report | 2022 25

Index

Leader of Self
Individual contributors wholead within their area of
responsibility to help support
the organization’s goals.

Our competencies were developed based on feedback from ourassociates in all regions, businesses, functions and at all levels of theorganization. Themes from our associates’ feedback were mapped toa library of competencies that, based on research, are predictive of
success across all industries.
Our competencies define what it takes to be successful at Avient. They
represent the expectations we have for ourselves, our teams, and ourleaders. They describe the behaviors most important to accomplishing
our organizational priorities and personal development. Most
importantly, our competencies create a common language for how
we coach and develop our associates, in support of the organization’s
goals and individual career aspirations.

|

Leader of Others
Associates who lead teams
formally or through influence,
typically Managers andSenior Managers.

Leader of the BusinessBusiness and functional
leaders, typically Directorlevel and above.

Leader of the Business
Global Perspective
Cultivates Innovation

Leader of Others

Strategic Mindset

Ensures Accountability

Leader of Self
Customer
Focus
ActionOriented

Collaborates
Communicates
Effectively

Instills Trust

Being
Resilient

Demonstrates
Self- AwarenessSituational
Adaptability

CORE
COMPETENCIES

Drives Vision & Purpose

Develops Talent
Values Differences
Drives Engagement

Organizational Savvy
Courage

LEADERSHIPCOMPETENCIES

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Diversity & Inclusion:
Leading Change from the Top
In order to enact meaningful, impactful change in any organization, it must start at the top. This is especially true
when increasing diversity and inclusion.
With guidance and support from the Avient Board of Directors, we have been directing actions and programs tochange how our organization views, values and creates diversity in the workforce.
“The importance of building diverse and inclusive organizations has never been more important—in business andin our world,” said Bob Patterson, Chairman, President and CEO, Avient. Diverse and inclusive organizations attract
and retain better talent, are more innovative, and are also among the best performing. “As the CEO, change of thisimportance must begin with me—my direction, decisions and actions,” he explained. “D&I at Avient is a sharedvalue and position, but it’s crucial for me to lead by example.”“In 2022, sixty percent of my executive leadership team and 42 percent of our Board of Directors are female or
racially diverse. I draw upon this diversity to make the most informed and best decisions for our company,” hesaid. “Yet we have more work to do throughout the company, and our investments in D&I initiatives and Employee
Resource Groups will play an increasingly influential role going forward.”“I’m proud to work for a company whose core values
reflect a strong commitment to diversity and inclusion.
These diversity and inclusion efforts fuel Avient’s
innovation, and connect us closer to our customers andthe communities we serve. Together, let’s continue towork to cultivate an inclusive workplace that respects
differences, encourages, supports, and celebrates thediverse voices at Avient.”—Renita Jefferson, Diversity & Inclusion Advancement Director

60%

42%

Female or
Minority
CEO Direct
Reports

Female or
Minority
Board ofDirectors

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Management Approach:Diversity & Inclusion
At Avient, we recognize that a diverse and inclusive culture results in better solutions and innovation, whichleads to better products and services for our customers. Diversity & Inclusion (D&I) at Avient refers to genderof our global talent pool and U.S. race/ethnicity.
We are proud to have promoted Renita Jefferson as our first Diversity & Inclusion Advancement leader, which
continues to reinforce our commitment to being a Great Place to Work for all, both internally and externally.

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Avient

DIVERSITY& INCLUSION
The Hand: A Symbol of Diversity &Inclusion at Avient

Renita has developed a D&I strategy to attract, develop and retain diverse talent, with the ultimate intent
to create a measurable impact in our population. In 2022, diverse hiring and promotions accounted for 40%
of our overall hires and promotions. While we celebrate the progress we’ve made in this area, we remaincommitted to building upon these efforts and their results.

In 2017, we adopted The Hand as our global symbol for Diversity &Inclusion at Avient. The symbolism is extensive and meaningful, which
is why we chose it. As you read the supporting narrative we created, it
provides both a call to action for the present, as well as a commitment
to ongoing improvements.

In addition to bi-annual reviews with the leadership team, Avient has guidelines to expand the diversity ofour talent pipeline. Our experience has shown that having a better diversity representation in our candidate
pool, increases the possibility for the position to be filled by a diverse candidate. Being able to attract andretain diverse talent allows us to expand our reach to a broader market space.

The Hand represents Avient’s symbol for Diversity & Inclusion asa means to build an accepting and open culture where everyone
is welcomed, safe, included and respected as part of our globalorganization.

Our commitment to diversity begins at the highest levels of our organization, for example having 42% female
or diverse board members.
Initiatives including Avient Mentoring, campus partnerships, and our employee resource groups are vital for
progress in our D&I journey. In support of this, we stress equality of opportunity for all qualified individuals
in accordance with applicable laws, as outlined in our Equal Employment Opportunity Policy and Code of
Conduct. Decisions on hiring, promotion, development, compensation or advancement are based solely ona person’s qualifications, abilities, experience and performance, except where local law requires us to takeactions to increase employment opportunities for a specific group. The Avient Ethics Hotline serves as amechanism for associates to anonymously report any concerns regarding such decisions.
Continuing to build a diverse and inclusive culture is a key element of our People strategy and is crucial tothe performance of our organization.

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Employee Resource Groups (ERGs)
at Avient
As a world-class company committed to Diversity and Inclusion, Avient has created a strong portfolio of Employee
Resource Groups (ERGs), including LEAD by Women, PRIDE, HYPE, and EMBRACE. These groups provide a forum forour associates to collaborate and foster a diverse and inclusive workplace. Additionally, we are excited to announce
the creation of a new ERG for U.S.-based associates focused on our veterans’ community—SERVE!

“LEAD by Women is a staple in Avient’s continuous journey to create atrusting culture and space. Through impactful speakers, inspiring stories,
and diverse leadership, LEAD has brought in resources to create a positivechange at Avient over the last 5 years.” —Lisa Campo, Lean Six Sigma Black Belt
“Since the beginning of PRIDE @ Avient, we have made very important
progress in raising awareness among all our colleagues and creatinga network of allies that further strengthens our efforts to make this ahealthy place to work. I am very happy that Avient is a safe environmentthat values its LGBT+ talents.” —Caio Coelho, Analytical Chemist, South America

AvientSERVE

Sustaining Engagement for
Returning Veteran Employees

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ERG Milestones 2022
In addition to launching SERVE in 2022, our other ERGs accomplished some significant milestones.

• Celebrated 5 years!
• Established ‘Read with Lead’ book club on
topics of leadership & community• Introduced Belonging through two eventswith external experts—both recorded andshared with all associates• Leveraged LEAD as a core influencer of ourbroader diversity & inclusion values focusing
on trust, accessibility and applicability for all• Sponsored events across the US and
LATAM including the Stonewall National
Championship• Continued education on mental healthawareness and allyship• Attended the Out & Equal Summit• Supported campus recruiting efforts andutilized events to attract diverse talent• Earned third consecutive perfect score on
Corporate Equality Index• First global event connected more than 400
associates from 36 countries• Created content on 26 different topics
including professional development, safety,
sustainability, and @Avient• Developed mentoring connection with
College Now to mentor current students• ERG launch videos created for EMEA & LATAM
with expansion to Asia in 2023

• Focused on outreach with connection toassociations for Latino, Asian, and Indian
professionals• Presenters at the Ohio Diversity Council
and National Association of Asian American
Professionals events• Ambassador program deployed to support
newly hired diverse talent• Culture Corner quarterly articles posted tohighlight cultures around the world“I am thrilled to lead and be a part of the North American team in 2023! This team is truly dedicated to providing opportunities for careerand personal development to associates at every level. In 2023, we are looking forward to more collaboration with our global HYPE team.
We also have more events planned than ever, focusing on in person and workshop styles!”—Anna Jaffe, Marketing Associate, Marketing Leadership Development Program“As a member of the EMBRACE Resource Group, I was proud to have participated in this year’s Black History Month’s planning of events.
Our theme for this year was Black Excellence. I led a partnership with a local high school to provide an onsite experience for students
interested in career planning. I believe connecting with our local schools and supporting student programs will provide opportunities togrow brand awareness.”—Lisa Wyman Manager, IT Enterprise Support

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AvientSERVE

Sustaining Engagement for
Returning Veteran Employees
VisionHelp Avient become a top employer for veteran talent

Avient’s newest Employee Resource Group was founded in 2022, Sustaining Engagement for Returning Veteran Employees(SERVE). SERVE strives to enable veterans to navigate and accelerate success in their career transition at Avient throughsupport and resources focused on mentorship, community and camaraderie.
As SERVE builds momentum within Avient in 2023, the focus is on providing a platform for veterans to build a senseof support and community within Avient, and in the local communities where our associates work and live. Anotherpriority is to establish professional mentorship connections to support members of SERVE as they navigate career
growth and development.

Mission
Provide support and resources to help veterans navigate theircareer transition and bring value to the company

Strategic Priorities• Camaraderie: Provide a platform for veterans to meet, work,
train, and develop a sense of support and community• Career: Offer professional mentorship for current and future
veteran Avient associates• Community: Synchronize and enable Avient support andrepresentation in local veteran organizations and events

SERVE’s purpose is to provide value throughout the organization:
To our veteran associates by helping them navigate the transition
from military to corporate life and tapping into their unique skillsets“Avient has always been a veteran friendly company and we wanted toformalize that by bringing those who have served their countries andcommunities together with those who have supported them. We lookforward to seeing how SERVE can contribute to our culture and benefit
our company, associates and community!”—Alex Dyer, Sr. Product Specialist, SEM; LSS Black Belt

To our company by leveraging veterans’ experiences gainedin complex and dynamic environments and a vast and diverse
nationwide recruiting network.
To our communities by being good stewards and representing
Avient at local service-related events.

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Workforce Demographics (as of December 31, 2022)
Diversity

Global Gender Diversity by Level—Female

Leadership Diversity—CEO Direct Reports
Female30%

Minority

30%

Female or Minority

60%

Diversity by Level—Female or Minority*
Directors, General Managers, VP/SVP

29%

Management

38%

Professionals

51%

Production Associates
All Avient Associates

Turnover**

50%
49%

Race & Ethnicity*

Directors, General Managers, VP/SVP

19%Management

30%

Professionals

38%

Production Associates
All Avient Associates

Black or African American

14%

Native Hawaiian/Other Pacific Islander0%

Two or More Races

1%

Hispanic or Latino

13%

Age

White

68%

30–50
Over 50

30–50

57%

Over 50

33%* U.S. Only** Turnover for associates with more than 1 year of service*** Excludes new hires who separated in 2022

11.8%

15.0%

13.3%

Europe/Middle East/Africa

7.6%

5.3%

6.5%

6%

Asia

8.1%

4.8%

6.5%

21%

Latin America

7.0%

6.6%

6.8%

Global

8.9%

6.6%

6.8%

Salaried

Hourly

Total

16.2%

14.7%

15.4%

Under 30
42%

75%

4%

10%

U.S. & Canada

Male

Asian

Under 30

Total

25%

0%

Global Associates by Age

HourlyGenderFemaleAmerican Indian or Alaskan Native

Total = 100% due to rounding for categories <1%

Salaried

Board of Directors
Female or U.S. Minority

Total Global Turnover = 8.5%

30–50

7.9%

6.9%

7.5%

Over 50

9.5%

8.1%

8.8%

Salaried

HourlyTotal

Female

9.4%

8.0%

8.6%

Male

8.1%

9.8%

8.3%

Race & Ethnicity
U.S. Minority

17%

New Hires***

White

83%

New Hires as a % of Total Employee Population = 10.5%

Female or Minority*

Under 30

30–50Over 50

Direct (Hourly)

65.7%

35.6%

52.2%

12.2%

17%

Indirect (Salaried)

48.1%

25.4%

62.4%

12.2%

83%

Total

59.7%

30.9%

56.9%

12.2%

Employee Representation
Avient respects our associates' right to join or not join any lawful organization and comply
with all applicable laws pertaining to freedom of association and collective bargaining. As of
December 31, 2022, approximately 1% of our employees were represented by labor unions
under collective bargaining agreements.

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Associate Benefits
What it takes to be a sustainable company has many parallels
with being a great place to work. Our ongoing associate feedback
is highly valued, discussed, and most importantly, acted upon to
make improvements. This includes our culture and unique benefits
we offer.

Community Service
Avient offers a global benefit ofCommunity Service hours. We encourage
our people to help create moresustainable communities by providing
16 hours of paid time off each year tovolunteer for a cause of their preference.
These hours are used during the workday,
and the activities can be done as a groupof fellow Avient associates or individually.
Since 2018, Avient associates have
performed more than 10,500 hours ofcommunity service through this program.

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Awards & Recognition Programs
We celebrate, reward and share our associates’ great work through our recognition programs, some of which are listed
below and available globally:

You Made a Difference Awards
Recognizes associates who go above and beyond their job responsibilities on a project or task.

Spotlight Awards

16
Hours

Annual Paid
Time Off to
Volunteer

Recognizes associates that go above and beyond their typical duties on a project or task that had a significant impact
on the organization.

Chairman’s Awards
Associate
Our Chairman’s Achievement Award recognizes excellence andextraordinary efforts in the execution of Avient’s four-pillar strategy.
It’s the highest honor a non-sales associate can receive at Avient.

Sales
Our Chairman’s Club Award recognizes our top 25 sellers and one sales
manager for their outstanding performance, conducting businesssafely, and living our values of Collaboration, Innovation and Excellence.

Leadership
Our Chairman’s Leadership Award recognizes our top performing
General Manager for performance, culture and inspirational leadership.

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Human Rights
Avient is dedicated to conducting business ethically and with integrity, and our Position
on Human Rights is part of our commitment to socially responsible business practices.
We have internal assessment processes in place, under the oversight of our executive
leaders, to identify potential human rights risks. For example, through these processes,
we have identified potential human rights risks, including: protecting the health andsafety of our associates and contractors, addressing modern slavery in the supply chain
and preventing, minimizing and eliminating waste contamination in the environment.
Ongoing potential risk identification and mitigation in occupational health and safety
is critical to our “safety first” culture. Focus on continuous improvement in this area is
described in Occupational Safety & Health.
Due diligence processes for slavery and human trafficking are in place where required
to identify and mitigate possible risk, such as in our Modern Slavery and Human
Trafficking Statement.
Regular audits are conducted to inspect our external waste disposal companies toensure proper disposal and to avoid water and other environmental contamination, as
described in Waste: Preventing, Minimizing, Eliminating.
Additional information can be found in our Position on Human Rights.

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Sustainability Report | 2022 34

Health and Wellness
Health and wellness is a commitment we make to every Avient associate. We do this through our safety focus, benefits, paid time off and wellness programs that support financial, physical and mental wellness.
These programs include flexible work schedules, employee assistance programs, leaves for personal and family support, and resources for dependent care. Some of the programs are tailored to local standards andneeds. Others canvas our global organization, like our Global 5K Fun Run and Walk held annually since 2019, where thousands of associates have participated in events focused on promoting healthy lifestyles.

Compensation and Benefits

Parental Leave

Base pay and performance-driven incentive opportunities are some of the many benefits provided
to all employees, as we strive to remain competitive in the global marketplace and provide
foundational rewards to attract and retain top talent. Example benefit opportunities in the UnitedStates include:

In order to assist and support new parents with balancing work and family matters, Avient provides
paid parental leave to eligible employees for activities related to the care and well-being of theirnewborn or adopted child. Globally, Avient complies with all statutory regulations for parental leave.
In the U.S., Avient provides up to six weeks of 100% Paid Parental Leave (regular rate of base pay) toeligible employees following the birth or adoption of a child. For parents who qualify for short-term
disability wage replacement (STD) benefits, Paid Parental Leave benefits can be taken after the STD
benefits have been exhausted.

• Paid vacation, sick time & holidays• Comprehensive medical, prescription drug, dental & vision plans• Health Savings Account (HSA)• 401(k) savings plan & attractive company match• Company-paid short-term & long-term disability, basic life and accidental deathand dismemberment insurance• Employee Assistance Program• Voluntary benefits, such as accident, critical illness, hospital indemnity andlegal insurances
In general, part-time employees in the United States who work 20 hours of more are included in
paid time-off programs. Associates generally must be classified as full-time employees (regularlyscheduled to work a minimum of 30 hours a week) to be eligible for health and welfare benefits.

In 2022, female associates took an average of 25 days of Paid Parental Leave. Male associates took an
average of 15 days.

Virgin Pulse
Further supporting the wellness of our associates, we offer Virgin
Pulse, an interactive, multi-faceted online platform that connects and inspires
associates to make healthy, informed decisions. Through networks and companysponsored challenges, Virgin Pulse participants are tracking their activities likeeating healthy, exercising and taking health measurements—while at the same timecollaborating with and competing along side colleagues across the globe. Virgin
Pulse is available to Avient associates globally and helps associates to improve
decision making on overall health and financial wellness. In 2022, Avient launched
two global wellness challenges, with 228 global teams competing, resulting in over 65,000 total miles
during the 2-week challenges.

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Planet|Career Training and
Performance Feedback
At Avient, we value each associate and work to create a culture that provides everyone
the feedback, tools and opportunities to reach their career aspirations. 100% of Avientassociates receive regular performance feedback and we leverage technology toenable the global process all year long.
Associates have the opportunity at least twice per year through the performanceappraisal process to request a career development discussion with their manager.
Through the Individual Development Plan (IDP) process, associates build their plans incollaboration with their managers utilizing prompts that determine development goals
and create action plans.
The results of our Performance Management processes inform the enhancement anddevelopment of learning experiences to meet the strategic skill building needs of ourassociates. Associates have access to training and professional development courses
through Avient Academy. Avient Academy originated in 2003 to provide continual
learning and professional development opportunities to associates around the globe.
Through Avient Academy, associates can participate in classroom, online, and webinar
based training sessions.

Outplacement Programs
Avient offers quality outplacement services to U.S. associates if they are impacted
by workforce reductions. Our partner provides a highly interactive program that isdesigned to engage candidates in building skills to effectively implement all phasesof the transition process. Resources such as resume and social media reviews, careercoaches, recruiter connections, and interview consultants are offered to support
departing associates.

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Virtual Learning
We continued to deploy eLearning content globally through the LinkedIn Learning platform, including
the sponsorship of monthly campaigns highlighting a variety of topics. We leveraged peer-topeer learning through the “Ask the Expert” series, where global associates shared their expertiseand personal perspectives in short videos. Our Employee Resource Groups also offered virtual
programming opportunities for engagement across sites and regions.
In addition, we provide trainings to specific functions and geographies based upon our assessment of
risk. We utilize our Learning Management System to ensure consistency and compliance in our ethics
and information technology training programs, delivering topics such as Avient’s Code of Conduct,
Harassment & Discrimination, Anti-bribery & Corruption, Antitrust, Cyber Security and Insider Trading.
Associates also receive additional, tailored training based on their role, such as Lean Six Sigma,
customer centric selling or information systems.
Leveraging technology to deploy learning experiences has created new ways to support ourassociates’ ongoing development.

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Operational and Commercial
Excellence Training

Customer
Centric Selling

Lean Six Sigma underpins our continuous improvement culture. It is a technical methodology that drives
improvement of all business processes through the elimination of waste and variation. The impact can beseen throughout our businesses, functions and operations. More than 3,200 active Avient associates have been
trained in LSS and over 300 process improvement projects are active at any given time. The most advanced
LSS training is for Black Belt level project leaders. Every year a select group of approximately 30 associates are
handpicked to participate in this prestigious leadership development program and embark on an intense two year assignment which
includes 7 weeks of training and multiple enterprise wide improvement projects. After completion of the program they deploy backinto the organization where they continue to apply their leadership and change management skills.

Associates Trained in LSS (Cumulative)
8,917

9000

4750

7875

7,033

6750

3,363

5,779

Avient

2,394

3,747

1900

3375

1,431

2,028

2250

950
193
2010

594

2012

639
184

2014

2016

2018

2020

2022

0

In addition, other customer-facing associates
also benefit from CCS engagement. Roles
such as Customer Service Representatives,
Product Managers and Marketing Associates
learn the techniques and skills required toboth solve customers’ urgent sustainability
challenges, as well as uncover the morelatent opportunities that will drive value forcustomers, consumers and communities wellinto the future.

2,919

2850

4500

0

4,457

3800

5625

1125

LSS Projects Completed (Cumulative)

CCS is at the core of how we serve ourcustomers and collaborate with them to solve
their most pressing challenges. CCS training
is provided to every member of the Avientsalesforce beginning in their onboarding
process and continues thereafter throughout
their careers. Various levels of training areprovided, depending on prior commercial
experience and need, and participants train
collaboratively—both online and regionallyin-person to maximize collaborative learning.

2010

2012

2014

2016

2018

2020

2022

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Talent Development Programs

Developing andRewarding Top Talent

Leadership Development
Avient’s Leadership Development Programs have been central to attracting, retaining and developing
top talent. To support and invest in the skills of our existing associates we developed two hallmark
in-house global leadership development programs, and we have now graduated 423 of our associates
through the highly coveted NextGen and Elevate (formerly PolyMasters) programs.
Since 2013, the executive leadership selects 14–16 high performing, high potential associates
each year to participate in the NextGen leadership development program. Participants attend aleadership retreat followed by two full-week programs facilitated by our CEO and leadership team.
Focus areas include leading high performance teams, increasing self-awareness, leading withcourage and agility and enhancing communication through storytelling. Participants engage in a
360 assessment feedback process and are assigned an executive mentor, which are used to identify
opportunities to develop key aspects of their leadership and share their personal leadership
journey with executives.

Sustainability Report | 2022

Over

50
Hours

Leadership
Development
Training per
Participant

In 2010, PolyMasters began within our Finance team to give high performing associates an opportunity to gain exposure to
executives within the company, develop public speaking skills and showcasing an innovative idea. In 2013, the program was
extended to the rest of the company globally. In 2021, Avient rebranded PolyMasters and launched the program as Elevate. Fortyfour high-performing associates were selected by our executive team to participate in the 2022 program.

Avient’s hallmark leadership development
programs have helped build tomorrow’s leaders
today, by inspiring and instilling leadership
qualities in our high-performing associates.
Our alumni base continues to grow, as they
immediately begin to utilize their leadershipskills to help our great company thrive.

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NEXTGENGRADUATES
68% PROMOTED

As in previous years, these participants were paired with an executive mentor and provided training on demonstrating executive
presence virtually. This supported the highlight of the program, where associates presented their personal stories and innovativeideas to executive leadership.

NextGen & Elevate Program Participants
423

450
329

360

263

270
180

ELEVATEGRADUATES

169
86

90
0

291

73% PROMOTED
2014

2016

2018

2020

2022

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Talent Development Programs
Manager Training & Leader Development
All managers of people receive tailored communications and training on our systems and processes
to support their critical role in the employee experience. In addition to the technical training andcompany-wide modules, managers can participate in the CORE Leadership training program. The
program is highly interactive and participants receive content that is foundational for all managers,
including building trust with teams, deploying situational coaching, leveraging key partnerships for
success, and identifying working styles of individuals. In 2022, 76 leaders completed the experience.
To support our D&I Initiatives all managers of People have an opportunity to attend The Conscious
Inclusion in Recruiting training. This training focuses on the importance of being an Inclusive Leader,
introducing the 6 Traits of Top Leaders, as well as Unconscious Bias and Recruiting Best Practices toensure all candidates, internal and external, have the best engagement experience. Launched in the
US/Canada in 2022, this program will expand globally in 2023.
Emerging Leaders is focused on preparing top talent managers across the company for future
leadership roles. The program includes a change simulation and project as a cross-functional andbusiness group. We have incorporated feedback from program participants and will expand to all
regions in the near future.

488

Leaders Trained In Core Leadership& Emerging Leaders Programs|

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Talent Acquisition and
Early Talent Programs
Avient’s success is driven by having the best talent in the right roles. We actively seek collaborative and innovative change-makers
who are passionate about our values through numerous channels, including employee referrals, job fairs, talent networks, industry
associations, and directly from universities. Our roles provide opportunities for personal and professional growth while working in an
organization focused on solving the most complex challenges for our suppliers and customers while driving sustainability.
As a key aspect of our talent pipeline, we partner with leading universities around the world to hire early talent associates each year
into full-time, co-op or internship opportunities. These full-time early talent roles align to highly coveted rotational development
programs where individuals are able to gain experience in various departments and jobs within or across functions, contributing theirskills while also building diverse, well-rounded knowledge of our company and its many stakeholders. We leverage global processes
and systems to create a positive candidate experience with opportunities for both entry level and experienced hires and to ensure they
feel welcome as they join Avient.
Intern experiences and projects were back on-site in
the summer of 2022! This created an opportunity forour interns to gain real-world, professional experienceand enhance their social skills through collaborative
initiatives and networking experiences.

Photos (Left): Enhanced Partnership with Universities,(Right) 2022 Summer Intern Networking Cruise

Campus Hires
176



135






117

93

26

28

2010

2012

47

2014

2016

2018

2020

2022

“During myrotations,
I’ve had theopportunity
to learn fromdifferent
leaders within
the organization while working
on meaningful work. I’ve enjoyed
the ability to apply learnings frommy undergraduate program toreal world applications throughdifferent experiences within
the organization. The greatest
aspects of the leadershipdevelopment program is theconnections I’ve been able toform and the ability to make an
impact during each rotation.”—Bailey Richterman, Analyst,
Mergers & Acquisitions

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Becoming an Even Better Place to WorkAs a leading provider of specialized and sustainable material solutions that transform customer
challenges into innovations for a better world, our diverse talent is at the forefront of all we do. Our top
priority is the safety, health, and well-being of our nearly ten thousand associates worldwide.
The newest members of this global force are our 1,000 colleagues from Avient Protective Materials,
who we proudly welcomed with the addition of this business in 2022. Their unique strengths,
combined with our shared passions and values, truly make us better together.
Eighty-nine percent of our associates responded to our 2022 employee engagement survey, reachingan all-time high participation rate. Compared to the prior year, we increased our scores across all five
Great Place to Work® (GPTW) Institute’s Trust Model categories. In addition, our positive responses areon average 22 points higher than the typical U.S.-based company.*
Based on these scores, the GPTW Institute honored us with the distinction of Great Place to Work® forthe fourth year in a row. In a year of challenges around the world and pivotal changes at Avient, we took care of each other andgrew our culture along the way. How our associates continue to speak with pride about Avient is what sets our workplace apartfrom other companies.

Sustainability Report | 2022 40

Recognized by
Prestigious Rankings
We were honored to earn prominent places inprestigious corporate rankings in 2022.
Avient was again named one of America’s Most
Responsible Companies in 2023 by Newsweek andStatista, moving up to the 22nd spot out of the top
500 listings. Also, we ranked 37th among the 1,000
largest U.S. public companies in Barron’s 100 Most
Sustainable Companies of 2023. These selections
considered ESG key performance indicators
including workplace diversity.
Moreover, Avient proudly received a 100% scoreon the Human Rights Campaign Foundation’s 2022
Corporate Equality Index for the third consecutive
year. This report is the foremost benchmarking
survey in the U.S. measuring corporate policies andpractices related to LGBTQ+ workplace equality.
Our progress in leadership diversity, employee
safety, and community engagement helped us earnthese recognitions. They are significant milestones
in Avient’s cultural journey and demonstrate ourcommitment to positively impacting our People andall our stakeholders.

Photos (Left): Community Service Event, Ahrensburg, Germany, (Right) ENGAGE session, Changzhou City, China*According to the Great Place to Work® 2021 Global Employee Engagement Study.

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PRODUCTS

Plitvice Lakes National Park, Croatia by Jason Pericak|

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Revenue from Sustainable Solutions* 2016–2022

Innovation:
Formulating
for the Future
Innovation and sustainability are embeddedin the culture at Avient. As a specialty
materials formulator, our proven ability toinnovate materials that enable our customers’sustainability goals, while delivering
performance, is a key differentiator for ourcompany. In fact, our sustainable solutions
portfolio has grown nearly 3.5x since ourbaseline year 2016.
As we have transformed from a commodity
company to a true specialty formulator,
our guiding principles are outlined in our
Sustainability Promise. Our people and materialscience expertise drive our innovation pipeline.
We have enabled our innovation strategy
through continued investment in R&D, Sales andMarketing. One measure of innovation success
we use is our Vitality Index, which shows thepercentage of our specialty sales generated fromsolutions introduced in the last five years. In
2022, our Vitality Index reached 33%, validating
the strength of our technology portfolio.

$1,175M

Lightweighting
Eco-conscious
Recycle Solutions
VOC Reduction

11%

Sustainable Infrastructure

Or

ga

C
n ic

R
AG

$915M
$790M

Human Health & Safety
Reduced Energy Use$550M

Biopolymers

$455M
$405M
$340M

* Avient Sustainable Solutions definitions alignedwith FTC 2012 Guide for the Use of Environmental
Marketing Claims (“Green Guides”)(1)
2020 is Pro Forma to include full year of theClariant Color business(2)2022 is Pro Forma for the acquisition of APM
and the divestiture of Distribution

2016

Investment in Innovation

2017

2018

2019

2020PF(1)2021

2022PF(2)R&D Spend

Vitality Index

33%
of specialty
sales

FROM PRODUCTS
INTRODUCED IN
THE LAST 5 YEARS

U.S. Dollar ($) Millions

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$85








2017

2018

2019 2020

2021

2022

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Innovating for a Sustainable Future
As a global leader in innovative sustainable solutions, we collaborate closely with our customers to help them achieve their sustainability goals. Through material science, formulation expertise, and deep
market knowledge, we partner with our customers to develop solutions that achieve the sustainable attributes desired at the performance level needed for the application. Two impactful ways we help ourcustomers is enabling solutions that advance a circular economy and/or reduce their carbon footprint.

Advancing a Circular Economy

Reducing Carbon Footprint

As the world continues to shift from operating in a linear economy to a circular economy, Avientis proud to be a part of the solution. A circular economy aims to design out waste and pollution,
keep products and materials in use, and regenerate natural systems.

What is carbon footprint?

Through our design expertise and material science, we help our customers reduce material
usage, enable recyclability or recycle content, and improve physical performance. With resources
like Cycleworks™ Innovation Center for Plastic Recycling and the newly launched Color Prediction
Service, Avient continues to strengthen our expertise to enable our customers to meet theirsustainability commitments.
In alignment with our customers, we set a 2030
92% in 2022
sustainability goal to enable 100% of our materials
for the consumer packaging market to be recyclable,
reusable, or compostable. While we continue to makeprogress on this goal, we recognize that only
9% of the world’s plastic is recycled by endusers.* Through our alliances and partnerships,
we remain committed to ending plastic
waste in the environment though global
Recyclable/Reusable Packaging
investments and projects.
Enable products manufactured for
consumer packaging to be recyclable,
reusable or compostable

100%*Organization for Economic Co-operation and Development (OECD) and National Geographic

Carbon footprint is the total amount of greenhouse gases (including carbon dioxide andmethane) generated by individual actions. A company’s carbon footprint includes all emissions
from the supply chain, logistics, usage and disposal of all products.

How does Avient help reduce carbon footprint?
We start by helping our customers understand the carbon footprint of their existing materials
through Avient’s newly launched product carbon footprint calculator, certified by TÜV Rheinland.
We collaborate across the value chain from suppliers to converters and brand owners to identify
opportunities help meet their sustainability goals.
We enable a lower carbon footprint through lower carbon footprint technologies, improved
recyclability, increased recycle content, and bio-derived solutions.

LEARN MORE
Visit Our Sustainability Site
for More Information

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How Our Products Enable Sustainability
Avient defines our Sustainability Portfolio in the eight ways in which we help our customers meet their innovation and sustainability goals through material science. This portfolio has grown nearly 3.5
times since 2016, and the megatrends of the future indicate continued growth and demand. In 2022, we launched over 40 sustainable solutions. As the world continues to shift from operating in a linear
economy to a circular economy, and reducing greenhouse gas emissions continues to be a focal point, Avient is proud to be a part of the solution.

Eight ways we help customers meet their sustainability goals

Enables lighter
weight parts
than those madefrom “traditional”
materials, and/or reduces theamount of material
needed to makea part or package
without sacrificing
mechanical andperformance needs

Reduces energy
consumption(e.g. reduces
re-heat energy
requirements,
enables faster
cycle times)

Allows for the
replacement ofcomponents,
processes, or
systems that
emit VOC’s*Design for lifespan enhancement & resource conservation as per Ellen MacArthur Foundation

Contains or enables
post-consumer or
post-industrial
recycle content,
or improves theability of materials
to be recycledwith desired
performance or
aesthetic levels

Based in whole or inpart on biopolymer
resources, or enablebio-based materials
to perform at alevel comparable
to conventional
polymers

Offers alternatives
to traditional
materials such aslead or phthalates;
processes thatuse solvents;
or prolongs thelifespan of products,
conserving natural
resources* (e.g.
wood capstock,fiber spin-dyeing)

Solutions that
help to protect
the environment,
promote long-termsustainability, andenable renewableenergy (e.g., Solar/
wind energy,
Sustainable
construction, & 5G
applications)

Solutions that
directly protect
and preserve
human health(e.g., Hygiene &Personal Protective
Equipment (PPE)and medical
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Consumer Packaging
Market Needs: Enable Circular Economy,
Lighter Weight, Barrier Properties
Avient Technology Helps toAchieve Color Consistency in
L’Oréal PCR Packaging Worldwide

Packaging plays a critical role in protecting consumer goods & products. Plastic packaging isconvenient, safe, lighter weight, and often the most cost-effective way and lowest carbon footprint
way to protect and deliver consumer products, including food and beverages, all over the world.
While plastics provide tremendous benefits in packaging applications, there is also a responsibility toensure plastic waste does not end up in the environment. Avient’s portfolio for packaging applications
is focused on solutions that support a circular economy by enabling reduced material usage, improved
recyclability, improved physical performance and reuse potential of recycled materials. Our light andoxygen barrier solutions provide product protection and extended shelf life to help customer deliver
high quality products to consumers every time.

The Challenge
Simplify the process to develop color in recycled resin for
L’Oréal to achieve global color consistency, while working
towards their 2030 objective to have 100% of the plastics
used in its packaging be made from recycled or bio-basedmaterial.

We continue to work with our customers to develop innovative sustainable solutions. In addition
to our material solutions, Avient has developed services to further enable our customers’ ability tomeet their commitments, including Cycleworks, ColorWorks and Avient Design.

The Solution & Impact
Avient’s PCR Color Prediction Service helped L’Oréal
simplify overall color development with recycled resin.
This sped up the local replication process, allowing
Redken products to launch simultaneously in Europe andthe U.S. with consistent color despite local constraints.
LEARN MORE

NEW at Avient
In 2022, Avient launched new technologies and services designed to enable the sustainability
commitments set by our customers in the packaging market, including:ColorMatrix™ Ultimate™ UV Light Barrier for PET effectively blocks ultraviolet light transmission,
protecting product integrity, without impacting the circularity. Ultimate is recognized by the
Association of Plastic Recyclers and the European PET Bottle Platform for having no negative impact
on the recycling stream
Cesa™ NOX A4R Additive for Enhanced Recycling stabilizes recycled polyolefins during processing,enabling a higher quality level of recyclate and better end-use products
Rejoin™ PCR Masterbatch uses PCR as a carrier resin, effectively allowing a bottle or part to be
manufactured with 100% PCR
PCR Color Prediction Service simplifies and accelerates the selection of preferred colors for PCR
content at varying levels, avoiding time-consuming trial and error

LEARN MORE
Visit Our Sustainability Site
for More Information

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Healthcare
Market Needs: Regulatory Standards, Durability,
Reduced Carbon Footprint
Application Highlight:
Biopharmaceutical
Manufacturing Clamps

From labware for diagnostic testing to protective equipment and sterile packaging to ventilatorsand medical devices, plastics are a crucial tool in saving lives and improving health and safety in ourcommunities. At Avient, our teams work closely with our customers to develop solutions to meet thedemanding performance and regulatory requirements of healthcare applications.

The Challenge
Develop an alternative to traditional nylon materials thatmeets dimensional stability, impact and wear resistancerequirements, while enabling the customer to addressconsistency of supply and sustainability objectives.

As the focus on sustainability continues to grow in the healthcare industry, Avient has continued to
evolve our portfolio to meet our customers’ needs. Our portfolio is designed to help our customers
overcome healthcare challenges with durable, lightweight, eco-conscious and lower carbon
footprint materials.

NEW at Avient

The Solution & Impact
Avient’s newest Trilliant™ HC formulation not only
provided improved chemical resistance over traditional
nylon, it was developed a lower carbon footprint material.
This allowed the customer to switch to a sustainable
solution without compromising performance.
LEARN MORE

In 2022, we launched new products and expanded applications for the healthcare market that
continue to evolve our portfolio to include more sustainable options, including:
Mevopur™ Healthcare Bio-Based Polymer Solutions are color and performance-enhancing additive
solutions formulated with bio-based polymers for healthcare applications
Mevopur™ Nucleation Additive Concentrates help produce thinner walls in polyolefin applications while
maintaining mechanical properties and reduce Moisture Vapor Transmission Rate (MVTR) in HDPE
Mevopur™ Chemical Foaming Agents (CFA) enable reduced material use, while meeting regulatory
requirements for medical devices and pharmaceutical packaging
REMAFIN™ EP White Colorants for Pharmaceutical Packaging designed for a range of pharmaceuticals,
safeguarding light transmission while meeting regulatory requirements
Trilliant™ HC Glass Filled Polyketone offers a lower carbon footprint alternative to nylon withexcellent chemical resistance, high temperature performance, and good wear resistance
Versaflex™ HC Thermoplastic Elastomers are formulated to meet demanding healthcare device andapplication challenges without phthalate plasticizers, including respiratory applications

LEARN MORE
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Transportation
Market Needs: Improve Efficiency, Extend Range,
Enable Circularity
Automotive OEM Lowers Carbon
Footprint With Avient

As the demand for low- and zero-emission, energy-efficient transportation continues to growacross all vehicle types, transportation requirements are evolving quickly. Reducing vehicle
weight improves efficiency, extends range and enables increased payload. In automotive
applications, there is a demand for alternative materials to improve interior air quality andreduce carbon footprint. Avient’s transportation portfolio includes sustainable technologies
that offer lightweight structural alternatives to metals, while delivering comparable or improved
performance; reduce volatile organic compound (VOC) emissions to improve interior air quality;
specialty colors & effects enable paint replacement technologies. We work closely with design
engineers to help them meet their sustainability goals, including fuel-efficient combustion
vehicles and next generation electric vehicles.

The Challenge
An automotive OEM was looking to increase the use ofsustainable materials for various vehicle parts in order tomake progress towards achieving their sustainability goals
and net zero emissions targets.
The Solution & Impact
By utilizing a combination of Avient’s OnColor™ Colorants,
Hydrocerol™ Chemical Foaming Agents, and Smartbatch™
Combination Colorants & Additives, we enabled the OEM
to reduce weight and carbon emissions in panel doors,
increase UV resistance in instrument panels and replace
traditional paint processes in central consoles.
LEARN MORE

NEW at Avient
In 2022, we expanded our portfolio of sustainable solutions, including:Complet™ REC solutions provide long fiber-reinforced composites are now available in recycled
nylon and TPU formulations
Polystrand™ R continuous fiber thermoplastic composites enables lighter weight reinforcementwith recycled PET
Edgetek™ PKE NHFR formulations are polyketone grades with non-halogen flame retardants
specifically designed for electric vehicle components, including connectors
Paint replacement technologies, including Artisan™ ABS portfolio and Molded-In Color Metallic
Hydrocerol™ Chemical Foaming Agents enable reduced part weight without compromising
performance

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Sustainability Report | 2022 48

Renewable Energy
Market Needs: Structural Components, Regulatory
Compliance, Halogen Free
Floating Offshore Wind Turbine
Mooring Lines

Renewable energy provides reliable power while reducing greenhouse gas emissions andconserving natural resources. The market continues to evolve, ranging from solar and wind tofuel cells and hydrogen. Avient has the portfolio and material science expertise to help customers
deliver value and innovation and meet the increasing demands of renewable energy applications.

The Challenge
Construction of large multi-gigawatt floating wind farms
benefit from stable winds and are non-visible fromthe shore. These projects come with many challenges,
including difficulties in installation and minimizing
levelized cost of energy (LCOE).

Avient offers a full range of material solutions that enable renewable energy infrastructure, fromhigh performance ropes or structural composites for wind energy infrastructure to materials forcable jacketing and insulation in solar installations

Highlights in 2022

The Solution & Impact
Avient Protective Materials worked with offshore windfarms to develop low pre-tension mooring systems
made from Dyneema® DM20. These systems utilize small
handling equipment and connectors, enabling ease of
installation and low maintenance costs.
LEARN MORE

In 2022, we focused on delivering our portfolio of sustainable solutions to renewable energy
applications, including:Dyneema® DM20 high molecular weight polyethylene fibers are utilized in offshore windturbine projects
Glasforms™ Pultrusion Technologies offer exceptional strength-to-weight ratio for continuous
fiber reinforced composites for structural wind turbine components
Cesa™ Additive Masterbatches are utilized for solar back sheets to enhance the halogen-freemono material structure and protect against voltage breakdowns
Syncure™ Crosslinked Polyethylene Formulations, which provide high-performance, UL 4703
and VW 1-compliance and eliminate the need to use two separate insulation and jacketing
formulations
Smartbatch™ Color And Additive Concentrates offer superior UV weathering protection for solar
power installations. Additionally, protective cable insulation and jacketing can be made from
ECCOH™ Low Smoke and Fume, Non-Halogen Formulation

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Telecommunications
Market Needs: Durability, Consistency,
Design Flexibility
Application Highlight:
5G Fiber Optic Cables

In this rapidly evolving industry, the need for faster and more reliable technology is stronger thanever. Avient’s portfolio delivers flame retardance, low smoke and halogen options, and materials
that can withstand wide temperature variations for telecommunication applications.

The Challenge
The need for better, faster and more reliable technology
is stronger than ever and 5G is designed to provide
high speed connectivity. To achieve accessibility in low
density areas, providers need cable technology to easily
deploy fiber to the home (FTTH) networks.

5G (The 5th Generation Network)
From drinking water to air quality, sensors enabled by 5G can detect, manage and notify authorities
about possible risks. Avient’s portfolio enables 5G technology from a range of fiber optic cable
components to antennae and base station materials, as well as 5G-enabled devices.
Connectors & Components
Rapid growth in computing technology has increased demand for higher performing connectors,
printed circuit boards, sockets and more. Avient offers a full range of sustainable solutions that are
WEEE and RoHS compliant, allowing higher operating temperatures with smaller footprints.

The Solution & Impact
Fiber-Line™ Fiber Optic Cable solutions enhance theperformance and prolong the life of FOC with water
blocking yarns, strength members, and ripcords,
enabling cable manufacturers to optimize slimmer,
stronger, cables at longer aerial spans with lower
tension—critical for rural FTTH networks.
LEARN MORE

Satellite Communications
Satellite applications demand reliable solutions with low loss dielectric performance that are lightweight and offer design freedom for complex shapes. PREPERM™ material solutions, design andprototyping support can help take you from idea to mass production as quickly as possible.

Highlights in 2022
PREPERM™ Low Loss Dielectric Formulations for antennae and base station components
Edgetek™ formulations are used in base station components
ECCOH™ Micromodules and ECCOH™ + Syncure™ 5G Hybrid Cable Insulation + Jacket materials are
specifically designed to for optical fiber components
Fiber-Line™ Swellcoat™ Water Blocking Yarns support 5G antennae, data centers, and backbone cable
designs to prevent equipment damage and signal attenuation due to water ingression in the cables
Glasforms™ pultrusion technologies provide a durable, corrosion resistant pole to support
telecommunications and power distribution

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Protective Materials
Market Needs: Lighter Weight, High Strength,
Reduce Carbon Footprint
Innovation Highlight:
Bio-based Dyneema® Fiber

Improving safety for those that protect us—law enforcement, first responders, and military service
personnel—while they keep communities around the world safe. Dyneema® has one of the highest
strength-to-weight ratios of any material on Earth, allowing armor solutions to maintain the highest
levels of protection without sacrificing user comfort or maneuverability. In fact, Avient works
directly with industry-leading armor manufacturers to develop technologies that are fit-for-purpose.
Beyond continual innovation and collaboration, the lightweight construction of armor made with
Dyneema® helps mitigate long-term injuries associated with the cumulative effect of daily armor use,safeguarding lives on the front lines and beyond.

To meet the growing demand for more sustainable
solutions, Avient has introduced the first ever biobased ultra-high molecular weight polyethylene fiber.
This innovation utilizes the mass balance approachand further reduces our reliance on fossil fuel based
resources. Bio-based Dyneema® has a carbon footprintthat is up to 90% lower than alternative materials
and boasts the same performance as conventional
Dyneema®. International Sustainability & Carbon
Certification (ISCC certified), Bio-based Dyneema® fiber
enables our partners and downstream customers to
reduce their carbon footprint while maintaining the same
trusted performance of the world’s strongest fiber™.
LEARN MORE

Dyneema® began as an ultra high molecular weight polyethylene (UHMPE fiber). Through innovationand collaboration the portfolio has expanded not only in the number of applications but also in the
different forms that are available. All of these form factors share these winning properties:• Ultra high strength versus weight (15 times stronger than steel, on weight per weight ratio)• Low elongation at breaking point• High resistance to UV radiation• Chemically inert• Floats on water• Highly flexible• High energy absorption• No smell or taste, non-toxic• Self-lubricating, with low friction
Dyneema® UD is a unidirectional composite laminate that provides the lightest weight protection
with maximum flexibility and comfort for use in protective armor applications including soft armor,
hard armor, helmets and frag knits. It offers excellent energy absorption and enhanced protection in alightweight solution. Dyneema® solutions are up to 35% lighter than aramid and 75% lighter than steel.
Other Dyneema® form factors include Dyneema® Fiber and Dyneema® Fabric. Bio-based Dyneema®
fiber is available in fiber, unidirectional laminate and fabric.

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Management Approach:
Product Stewardship
SUPPLIERSAVIENT

Strategy
Avient is actively involved in various associations including the ACC,
European MasterBatchers and Compounders (EuMBC), European
Plastics Converters (EuPC) and Titanium Dioxide Manufacturers
Association (TDMA). Industry best practices and efforts to minimize
impacts of our products on human health and the environment are
based on a combination of lessons learned through these outreachprograms and compliance.

CUSTOMERS

Protecting associates, customers and the environment by providing safe products is a priority for Avient. We review
the health, safety and environmental impact of our products throughout all life cycle stages, from our raw material
suppliers through product development and manufacturing to end applications at the customer and beyond.
Product Stewardship supports the Avient portfolio by providing information
related to the safe use and handling of products, and by complying with
global and local regulations. Continuous customer communications
on product safety related to new and existing applications
are an integral part of understanding the health andsafety impacts of our product portfolio. We maintainour certification to the American Chemistry Council’s(ACC) Responsible Care® management system and
RESPONSIBLE
comply with their Product Safety Code which goes
SOURCING
beyond basic legal requirements. For 2022, there havebeen zero incidences of non-compliance with both
legally required and voluntary standards and there havebeen no incidences of our products harming people or
the environment. In addition, for this reporting period
there have been zero incidences of product recalls due
END OF LIFE
to non-compliance in the markets we serve.

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INNOVATION

Stewardshipin a
Product’s
Lifecycle

SUSTAINABLE
MANUFACTURING

HAZARDCOMMUNICATIONCIRCULARITYPRODUCT
SAFETY

Product Stewardship uses the ACC prioritization tool andassociated risk assessment methodology to identify, document
and communicate environmental, health and safety impacts ofour products. 5% or less of our products by total sales revenue
are classified as Global Harmonized System (GHS) category 1
and 2. These classifications and others, such as, environmental
classifications (Persistent, Bioaccumulative Toxins—PBTs) andphysical form contribute to the overall prioritization. Substances
are encapsulated in our solid polymers and not biologicallyavailable for exposure when used as intended, therefore do notpresent a hazard. The majority of our products are not labeled ortransported as hazardous materials. Despite this, we are committed
to the process and have completed 40% of prioritized risk
assessments. The number of prioritized risk assessments continue
to grow each year as the process matures. We recently set a goal tocomplete 100% of risk assessments on hazardous materials greaterthan 1 ton by 2025.
As a result of these assessments, we have published additional
substance safety summaries on our Avient website and will continue
to update internal and external stakeholders on material handlingand environmental considerations. We maintain data related to theenvironmental, health and safety of our products in our productstewardship database. The information is reviewed and updated
continuously. Through this data, we create safety data sheets andcustomer certification statements for intended use and productsafety improvements.

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Product ExcellenceManagement Systems
Avient subscribes to several third party management systems across the globe, including ISO and Responsible Care toensure continual improvement. External third-party certification is an important part of ensuring our products are both safeand produced in alignment with industry standard best practices. To find more details about our certifications, visit our ISO
Certifications Library.
Avient has 104 global manufacturing facilities. 96% of these sites are certified through independent third parties tomanagement system standards including ISO 14001, ISO 9001, RCMS and RC 14001. With the addition of Avient Protective
Materials, we also have 4 sites with ISCC Plus certifications. These international standards cover areas of Quality,
Environmental, Health and Safety, Automotive, Medical Device, Responsible Care and Energy Management. Combined,
Avient facilities have a total of over 200 management system certifications. For this reporting period, there have been no
major non-conformances associated with these management systems. There have been zero product recalls associatedwith the quality of Avient products. For our sensitive applications we have implemented Good Manufacturing Processes(GMP) and ISO 13485. 100% of our facilities producing for the healthcare market are GMP or ISO audited within a 3–year
period. There were no significant audit findings preventing manufacturing in this reporting period.

Product Carbon Footprint
Avient recognizes that given our location in the supply chain we are well positioned to enable sustainability along the value
chain, through innovation at the early to mid-stages of the product life cycle. For Avient, the most material aspect of Life
Cycle Analysis (LCA) is our Product Carbon Footprint (PCF).
In 2022, we established a methodology to standardize our approach to calculating PCF. This methodology was developedin accordance with ISO 14067:2018 for product carbon footprint and is aligned with ISO 14040/140440 for life cycle analysis.
We have received third party certification from TÜV Rheinland. We continue to partner with Carbon Minds
and well as our supply chain to generate the data. To date we have completed over 1,000 product carbon
footprint calculations. Our goal in 2023 is to fully automate this process and expand the PCF data available
for the Avient portfolio.

ZERO
Major Non-Conformancesat ISO Sites

96%

Manufacturing Sites
Certified to an
International Standard

1,000+
Product Carbon
Footprint Calculations
Completed

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Global Chemical Management
The current and future focus is on continued Registration, Evaluation, Authorisation and Restriction ofChemicals (REACH) assessments, reclassifications and communication on the safe use and handling ofthese substances. Many other countries are following suit on the EU REACH chemicals regulation or asimilar framework. We continuously monitor similar global emerging regulations and the impact to our product portfolio.
As part of the management and monitoring of Global Chemical Control Laws; Product Stewardship continuously monitors regulatory
lists that identify hazardous substances of concern. This includes REACH Substances of Very High Concern (SVHC) candidate list, U.S.
Toxic Substances Control Act (TSCA), International Agency for Research on Cancer (IARC) and California Prop 65 among other lists.
As part of this process Product Stewardship reviews suitability for end-use activities and works with other departments to identify
feasible alternatives as required. In 2023, we will be setting a baseline on use of these listed hazardous substances with the intentionof setting a target to reduce and ultimately remove these materials from our product portfolio.
We continue to update Poison Center notifications associated with our European portfolio and monitor risk assessments associatedwith the U.S. Environmental Protection Agency’s (EPA) Toxic Substance Control Act (TSCA) inventory reset rule. We continue toactively monitor the developing regulatory activities at state, national and global levels with respect to per and poly-fluoroalkyl
substances (PFAS). PFAS covers thousands of different substances and definitions of PFAS differ across organizations, states, andcountries. Under the broad definition, PFAS includes fluoropolymers which are large, stable, inert polymeric molecules. Polymeric,high molecular weight fluoropolymers are too large to cross biological membranes. They are not water soluble and are therefore notfound in drinking water. Avient does currently use a small amount of fluoropolymers and PFAS containing additives as raw materials
which represent less than 3% of our global product portfolio. Avient does not use PFOA or PFOS in its product formulations.

No Surprises
PledgeSM

At Avient, we are committed to helping you growyour business with safe and environmentally soundsolutions. This commitment is exemplified by our No
Surprises Pledge℠ which we make to all customers
and markets, across the globe.
• You can be confident that, in formulating andmanufacturing our materials, we use sustainable
practices to provide long-term product viability
and sound environmental stewardship.
• You can expect that the materials we produce
contain only ingredients that conform toaccepted legal and regulatory complianceguidelines.
• You can trust that Avient materials meet the
rigorous quality and safety management
standards required across the globe.

Management and monitoring of global inventory regulations and other emerging issues by our regional product stewardship experts
ensures a quick evaluation and proactive response to potential regulatory risks. Avient’s commitment to managing and monitoring
the impact of global regulatory requirements on our businesses is demonstrated through our Global Chemical Management Policy.

• You can be certain that Avient meets or exceeds
the material safety data reporting requirementsof your country or region.

Digitization Strategy• When you choose Avient, you can be confident
our products will help you meet or exceed today’s
stringent compliance standards.

The global regulatory environment of today is more complex than ever before. Avient is committed to having expert systems in place
to manage complex, global regulatory compliance requirements and mitigate potential risk.
In 2021, Avient introduced new software to streamline workflow associated with product stewardship requests which decreases
response time and improves the customer experience. In 2023, Avient is investing in a new product stewardship platform to manage
the environmental, health and safety impact of the Avient portfolio. Through this powerful, configurable and global regulatory andvoluntary compliance software we will have full data transparency throughout the life cycle of Avient products. This investment
reiterates our commitment to providing transparency and communication to our stakeholders regarding our products.

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Management Approach: Supplier Collaboration
Avient’s value extends not only to consumers through specialty products, but beyond the boundaries of our own processes and operations. Strong, transparent relationships with suppliers are key to our success.
Our Supplier Code of Conduct drives interactions with our suppliers and expectations for doing business, and is aligned closely with International Labor Organization (ILO) standards. It includes requirements forchild and forced labor, the right to collective bargaining, non-discrimination, employee health and safety, conflict minerals OECD due diligence and ethical treatment of the environment.
Avient includes in its Code of Conduct and Supplier Code of Conduct internal accountability standards related to slavery and human trafficking to which all employees, agents and consultants are required toadhere. Where required by law, we also have specific disclosures and processes in place, including a supplier audit program that focuses on human trafficking. To our knowledge no suppliers have been found toengage in such activity.

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Supplier Evaluation
In 2022, Avient accelerated its Sustainable Sourcing Program to further evaluate our prioritized partners. In addition to aligning
our suppliers with the Supplier Code of Conduct, the program is designed to address quality, cost and reliability requirements, and a range ofsustainability, social responsibility and environmental considerations. The intent is for Avient to increase supply chain compliance, and to makebusiness allocation and sourcing decisions on who we partner with based on sustainability and quality related risk.
In the initial phase of our Sustainable Sourcing Program, our suppliers conducted a best-in-class self-assessment utilizing EcoVadis onenvironmental, social and governance requirements aligned with the UN Global Compact principles. Based on these self-assessments, weevaluated our top tier suppliers which represents 60% of our total direct spend for sourcing in 2022. 83% of these suppliers reported an
EcoVadis rating of Silver or above in their overall scorecard evaluation.
Additionally supplier self-assessments are completed through our Quality Management System (QMS) process that incorporates approval
criteria for our most sensitive applications.

Goals and Progress
2022
Established our Sustainable Sourcing Program
Assessed 60% of suppliers in EcoVadis
Provided training to over 200 suppliers at the
yearly Supplier Summit on Avient’s Sustainable
Sourcing Program, and set expectations from ourpartnerships in the future.

Plan for 2023
Assess 65% of suppliers for ESG alignment

Through the Sustainable Sourcing Program, we expect our suppliers to continuously assess and evaluate their sustainability efforts,
improving their performance over time. Avient is committed to continue partnerships with suppliers who align with the following policies:• Environmental Policy• Health and Safety Policy• Supplier Code of Conduct

Include additional sustainability expectations
in supplier contracts
Provide training and expectations to suppliers
at annual supplier summit• Avient’s Human Rights Position Statement• Quality Policy
The initial phase of the Sustainable Sourcing Program is focused on training of our suppliers and evaluation through third party selfassessments, including EcoVadis and IntegrityNext. Currently our supplier audit program is focused on quality, with plans to extend acrossall aspects of our Sustainable Sourcing Program.

Conflict Minerals Process
Avient acknowledges some raw materials are obtained from conflict areas. Avient has elected to utilize the reporting template provided
by the Responsible Minerals Initiative (RMI—formerly Conflict-Free Sourcing Initiative), which facilitates the transfer of information throughthe supply chain regarding mineral country of origin and smelters and refiners being utilized. The template also facilitates the identificationof new smelters and refiners to potentially undergo an audit via the Responsible Minerals Initiative Conflict–Free Smelter program. Avient
holds this process as a standard with all suppliers, thus reducing third party supply chain risk. It is part of our policy and partnership with
our suppliers that they follow the responsibilities and procedure of RMI and are obliged to our Conflict Mineral Policy.

90%
GOAL

60%

Suppliers Assessed
Assess supplier spend for alignment
with our Sustainability objectives

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Strategic Partnerships and Alliances
Our Environmental Partners

Alliance to End Plastic Waste
American Composites Manufacturers Association
Association of Plastic Recyclers (APR)
Operation Clean Sweep
PET Container Recycling Europe (PetCore)
Plastics Recyclers Europe (PRE)
RecyClass
Responsible Mica Initiative
The Microfibre Consortium (TMC)
UK Plastic Pact

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Protecting Our Planet
Avient is fully committed to protecting the environment by addressing climate change,
conserving natural resources and preventing pollution. Through our environmental aspect
and impact assessments within our EH&S MS, we have focused on the following key topics:
energy, emissions and climate change, as well as effluents and waste from our operations.
Avient’s EH&S Committee of the Board of Directors provides oversight of the systems
that are in place to monitor and mitigate risk associated with these key topics. Avient’s
Corporate EH&S Department defines the strategy and monitors performance against
related management system standards. Full operational responsibility for execution lies
within each business unit and operating site. To ensure performance expectations aremet, each site has trained management personnel to oversee their systems. To drive
engagement at all levels of the organization, 2022 marked the first year that financial
incentives for all salaried personnel were partially tied to energy intensity and waste
intensity targets.

Energy Saving Projects

Energy Source Breakdown

0.76%

Purchased Electricity
Purchased Natural Gas

29.45%

64,708Purchased Diesel Fuel69.79%

CO2e Avoidance
MT in 2022

Furthermore, to ensure the ongoing prioritization of capital projects that drive energy
efficiency and waste minimization, we have implemented a system for identifying andcentrally funding projects that have the greatest impact on our sustainability goals.

Electricity from Renewable Resources
60% 2030 GOAL
100% 2050 GOAL

53%

IN 2022

New Virtual Power Purchase Agreement(VPPA) in Europe
A new agreement signed in 2022 will provide Avient approximately 95,000 MWh of green energy
to further allow our sites across the European Union to transition to 100% green electricity. This
project brings with it 37.5 MW of additional solar power to the European grid. This is in addition tomultiple sites in the region that have already transitioned to a cleaner grid power mix or are importing
renewable power to complement the self-generation needed to assure reliable operations.

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Climate Change

55% GOAL

35%

Energy and Greenhouse Gas (GHG) Emissions

Reduction inGreenhouse
Gas Emissions

Our Paths to Carbon Neutrality
Climate change is one of the most pressing issues facing the world today and is creating risks andopportunities for businesses across all industries.

longer-term carbon management and removal technologies and circularity, we are committed toenabling positive climate impacts across our value chain.

At Avient, we recognize that sustainable business practices can positively impact the issue of climatechange. We are committed to doing our part in what must be a multi-faceted, global approachthroughout supply chains and all stakeholders to successfully address the issue. While we remain
focused on achieving our 2030 GHG and energy goals, we believe further actions and strong
leadership are critical to addressing climate change and ensuring a stable and sustainable planet.

Supporting a broader climate transition will require continuous improvement through:• Investing in resources and existing technologies to optimize operations, including improvements
in energy efficiency and waste reduction• Maximizing the use of renewable energy in our operations• Identifying ways to adopt new technologies in our global network of facilities

That is why, in support of the objectives of the Paris Agreement, we announced our ambition toachieve operational carbon neutrality by 2050 and aligned goals with our RE100 commitment.

• Developing new and innovative products that have sustainability attributes that decrease GHG
emissions and enable the world’s transition to a lower-carbon economy• Focusing on advancing circularity in our operations and our customers’ products• Partnering with our suppliers to enhance the eco-efficiency of our supply chain

We know the path to achieving carbon neutrality will not be easy. We have been working with internaland external stakeholders to understand how we can achieve our commitment to become carbon
neutral in line with climate science. We understand that the path forward will present unique andcomplex challenges. It will require new ways of operating, new technologies, and innovation of moresustainable products. Some technologies needed are not yet available at scale, which limits ourability to take certain actions in the short term. However, by taking advantage of developments in

The transition to a carbon neutral world is a shared responsibility that requires innovation,
collaboration, new partnerships, and the support of effective policymaking. We value thecollaboration and partnership to drive change and are committed to engaging with our customers,
suppliers, and other partners to encourage collective action and help promote the innovations
needed to enable a sustainable future.
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Energy and Greenhouse Gas (GHG) Emissions(continued from previous page)

To drive progress toward carbon neutrality, Avient’s low carbon transition plan targets intermediate(2030) goals around Scope 1 (direct) and Scope 2 (indirect) sources of greenhouse gas emissions.
These targets are in line with prevailing climate science limits that keep global warming below
2 degrees Celsius as detailed by the Paris Agreement and Science-Based Target Initiative (SBTi).
Furthermore, Avient has instituted an internal cost of carbon to encourage investments in low-carbon
and carbon-free technologies. This increases the visibility of, and encourages accountability for, theimpact of carbon emissions on the business. In 2022, we established the cost of carbon to betterreflect the updated insights into the actual price of CO2 to society, and is within the ranges of the
scenarios we use for assessing climate transition risks.

sustainable solution needs. The overall management strategy for our emission reduction program is led
by Avient’s Planet Sub-Committee of the Sustainability Council. This committee is comprised of global
operations and sourcing leaders and ensures continual progress towards our Sustainability Goals andoperational efficiency goals. Execution of this strategy is achieved by our business segments working
closely with our individual facilities, the EH&S team, and the Planet Sub-Committee.
Most of Avient’s Scope 1 and 2 GHG emissions are attributable to the consumption of energy.
Strategic plans at the facility and Business level include planned efforts to achieve sustainability
and operational goals. In 2022, we were able to further optimize energy consumption throughexecuting over 120 energy saving projects around the world. For detailed information on theseprojects, our energy and carbon performance, risks and opportunities presented by climate change,
and associated governance systems, we invite you to read our most recent Climate Change Reportsubmitted to CDP and third party verified.

Avient’s approach to reducing our greenhouse gases and other emissions is focused on four main areas:
increasing equipment and building energy efficiency, process transformation, expanding the use ofrenewable or low-carbon energy, and supporting technology breakthroughs by meeting our customer’s

Energy Saving Activities

GHG Emissions (MT)*

Total Energy*.44

.40

5.20





2021

2022

* 2019 baseline data revised to account for acquisition pro-forma performance and divestitures
Includes estimated full year performance of APM acquisition.20

.10

2019

2020

5.10

4.90
4.80
4.77



2020

.30

.28



2019

5.05

5.04

5.00
.30



(1)



.32





.50

5.09



Number of Projects

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2021

2022(1)04.70



4.60

2019

2020

Greenhouse Gas Emissions (MT Scope 1 & 2 GHG)

Total Energy (GJ)

Greenhouse Gas Emissions Intensity(MT 1 & 2 GHG/ MT Sales)

Energy Intensity (GJ/MT Sales)

2021

2022(1)

4.50

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Reducing Emissions Across Our Value Chain
Scope 3 emissions include upstream emissions from products and services we procure from suppliers, as well as downstream emissions from the transportation of our products and the emissions
generated from the use and disposal of our sold products. While Avient has been estimating various categories of Scope 3 emissions for several years, in 2022 we embarked on a project to fully capture
information related to all fifteen categories of these emissions. Understanding these emissions is important to Avient. We have found that Scope 3 emissions are many times greater than our combined
Scope 1 and 2 emissions. Approximately 90% of our Scope 3 emissions come from purchased goods and services and downstream processing of sold products (55% and 24% respectively). This highlights
how critical it is to collaborate with suppliers and customers across our value chain to reduce emissions.
Continuous improvement efforts led Avient to initiate a targeted assessment of 460 suppliers and our 20 largest customers to assess carbon emissions data availability and reduction plans. This assessment
identified that less than 50% of suppliers and customers assessed have existing greenhouse gas commitments. This data is being utilized to define our capabilities to influence these stakeholders andinitiate mutually beneficial partnerships. These partnerships will be leveraged to further improve the accuracy of our Scope 3 values along with our ability to take action and track progress toward future
emissions reduction goals.

Scope 1
1%

Avient Scope 3 Emissions
Scope 2
4%

Scope 395%

Processing of Sold
Products
24%

DOWNSTREAM
Downstream
Transportation &Distribution
4%

UPSTREAM
Purchased Goods& Services
65%

End of Life of Sold
Products
6%

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Climate Risks & Opportunities
By acknowledging the implications of climate change, it becomes critical that related risks andopportunities be fully recognized. Avient utilizes findings from the company’s Enterprise Risk
Management system to continuously identify and monitor our management of the physical risks
associated with climate change including extreme weather events, supply chain disruptions, andtechnology changes, as well as transitional climate risks associated with legal, regulatory, policy,
low carbon energy transition and liability issues. By aligning with the Task Force on Climate-related
Financial Disclosures (TCFD) recommendations, in 2022 we expanded our existing risk management
practices to incorporate the analysis of short to long-term climate-related risks and opportunities
under various climate scenarios.
A summary of the analysis can be found in the Index of this Sustainability Report, and full details areattached to our 2022 CDP Report.

LEARN MORE
Visit Our Sustainability Site
for More Information

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Waste: Preventing, Minimizing, Eliminating

Waste to ProductProject

Avient is committed to eliminating or reducing waste generated by our operations and enabling our customers to meet their waste
minimization goals.

Greenville, North Carolina

Our efforts are aimed at reducing the quantity of hazardous and non-hazardous waste generated. Our waste management approach adds
value by reducing the risk of environmental harm, as well as costs associated with waste management. These efforts are in line with ourcommitment to sustainability and strengthen the health of our communities and operations around the world.
The majority of our waste is non-hazardous process scrap and purge materials. Other wastes may be generated from sources such as
periodic construction and demolition projects, packaging from raw materials and products, laboratory waste from quality assurance
activities, and routine office-based activities.
Expectations for the management of hazardous and non-hazardous waste are governed by Avient’s internal waste management standards
which are applicable to all facilities. These waste standards have established a hierarchy of waste management with the elimination ofwaste as the highest priority, followed by reuse or recycling, and disposal without any beneficial reuse as the lowest priority. We implement
programs to identify reuse opportunities for off-quality products and other waste streams and improve facility resource efficiency to reduce
waste generation. Compliance with these expectations is regularly evaluated through our comprehensive EH&S audit program.
Our 2030 goal of reducing waste to landfill intensity by 3% on an annual basis, as well as annual incentives, are designed to encourage
facilities to eliminate waste generation and identify beneficial uses for their remaining waste streams. To monitor progress against thesegoals, we track waste data from each site on a monthly basis. Beyond quantities of waste generated, this monthly data includes information
on positive and negative influences that impact performance.
It is this granular information that Avient utilizes to drive improvement projects. In 2022, we were able to further
optimize operations through executing over 100 waste minimization projects around the world. Additionally,
41 of our manufacturing sites globally sent no waste to landfills in 2022. For detailed information on theseprojects, and GHG avoidance resulting from them, we invite you to read our most recent Climate Change Reportsubmitted to CDP.
While our goal focuses on waste impacts from our direct operations, we also seek opportunities along our value
chain to work with suppliers to reduce waste associated with shipping materials and with customers by offering
products that incorporate recycled content or extend the useful life of a product.
We regularly conduct risk based audits to inspect external waste disposal and recycling companies to ensure
the proper disposal of waste. In this way, we also keep today’s waste from becoming tomorrow’s contamination.

41

Manufacturing
Sites
Sent no waste
to landfills in

2022

Within Avient Protective Materials, there isan on-going effort to find an outlet for fiberand unidirectional (UD) manufacturing
waste. In Greenville, North Carolina an
estimated 400 tons of UD manufacturing
waste was being sent to the landfill
annually. The Waste to Product teamcollaborated with an external partner,
specializing in textile and plastic raw
materials, to identify an alternative outlet
for the UD waste or ultra high molecularweight polyethylene sheets.
Our partner was able to process thewaste into cabinet panels for equipment
protection. This sustainable solution
not only diverted waste from the landfill
for Avient, but also create a revenuegenerating stream for both parties.
In the first year of the project, approximately
150 tons of waste was diverted. The actual
revenue and cost savings impact morethan doubled our expectations. This is thefirst waste stream that the Greenville team
was able to find a more economical andsustainable solution, but more will soon
follow. The team is looking to integrateeach of the identified waste streams intoa cycle of resource consumption for otherindustries, so no resources become waste at
any point along the way.

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Index

Eliminating Plastic Waste
Plastic is a miraculous, versatile material that positively influences our world. It is in equipment thathelps save lives, keeps food safe from spoilage, lowers the use of fossil fuels, and makes alternative
energy possible.
However, some plastics are also in places they shouldn’t be, like in our oceans and rivers. They findtheir way to landfills instead of being recycled. Avient is committed to eliminating plastic waste
through innovation, broad stakeholder engagement, and strong partnerships and alliances.
INFRASTRUCTURE

We are continuously making a positive impact through our innovative portfolio of technologies thatenable our customers to improve plastic recyclability and reduce the amount of material requiredfor packaging. However, no one company or country can solve the plastics waste problem. That is
why Avient joined the Alliance to End Plastic Waste. As a founding member, we are collaborating withover 80 member companies and supporters to promote infrastructure, education and engagement,
innovation, and clean up efforts to keep plastic waste in the right place.
The alliance has brought together people, businesses, governments, and organizations to find new
ways to rethink, recover, and recycle plastic waste with the goal of protecting the natural resourcesand ecosystems that communities everywhere depend on.
Members of the alliance have already collectively committed more than $1.5 billion to fund projects
in 30 countries. Solutions to address the challenge of post-consumer plastic waste will require
collective support, innovation and collaboration on a global basis—from resin producers, waste
management companies, consumer brands and retailers to nongovernmental organizations,
governments and consumers.
We will continue to invest and work aggressively to eliminate plastic waste in the environment todeliver critical sustainability and performance benefits to people and communities around theworld and live up to our promise of meeting the needs of the present without compromising future
generations’ ability to meet their needs.

INNOVATIONEDUCATION

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Clean-Up and Remediation
If soil and groundwater contamination occurs at active or former Avient sites, proper remediation measures are reviewed based on current legal and technical standards and undertaken as necessary.
A worldwide network of experts ensures proper remedial solutions are implemented. These solutions strive to maximize the conservation of natural resources, climate protection efforts, costs and social
responsibility. This means making customized decisions on a case-by-case basis. Relevant sites are documented in a contaminated site database. In 2022, ongoing remediation work on behalf of Avient
continued on schedule, and planning was concluded on future remediation projects.

Waste Partnerships and Impact
In addition to being a founding and active member of the Alliance to End Plastic Waste, Avient’s
global operations participate in Operation Clean Sweep. Operation Clean Sweep’s overarchinggoal is to ensure that every plastic resin handling operation achieves zero loss of pellet, flake,
and powder. This greatly helps to protect the environment and save valuable resources.
Operation Clean Sweep companies greatly help to prevent plastics from making their way into
the ocean, promoting safety, health and cleanliness for marine life.
We recognize the importance of responsibly managing plastic pellet loss within our operations.
In addition to ongoing operator training, we conduct regular assessments of our management
system procedures to ensure they are effective, and implement improvement measures if
needed. On a daily basis, plant personnel monitor structural controls and work practices at ourfacilities via routine daily rounds. When a loss of containment is discovered, loose pellets arepromptly contained and cleaned up. Pellet recovery equipment, such as skimmers and sieves,are in place to recover pellets captured in our drainage systems.

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Water and Biodiversity
At Avient, we recognize the importance of natural resources like water and biodiversity. In
comparison to other industrial sectors, Avient’s operations are not water intensive. Normal
manufacturing processes are “dry” and water use is limited to sanitary applications and processcooling, with closed loop recycling process cooling dominating. The vast majority of Avient sites
are generally comparably smaller scale and located in urban or suburban areas. While water andbiodiversity do not reach the threshold of materiality compared to other industrial sectors, wemanage both responsibly, and in accordance with applicable laws.
Avient recognizes that water is vital to human life and healthy ecosystems across the globe. It
is also a natural resource we depend on. We must pay attention to ensuring responsible water
consumption and management. Avient almost exclusively utilizes water from public sources in ouroperations. A vast majority of our process water is reused, with the remaining water discharged
to publicly owned treatment facilities. We have a responsibility to minimize our direct impacts
from these activities. Therefore, we seek to conserve water across our operations and ensure thatwastewater discharges are properly treated. We look to develop applications for our products that
help conserve and protect water resources, including the use of our materials in durable water
piping and water conservation applications.

Our approach to water management focuses on the use of water for production, and our overarchingstrategy includes tracking water use, monitoring water risks, tracking legal requirements, assessing
water management costs, and prioritizing water efficiency projects where they will have the mostbenefit. Responsibility for water resource management predominantly resides at the facility
level. Discharge of water is typically governed by state and local water permits. We strive for fullcompliance with our obligations under these permits. We also look for additional opportunities toincrease water efficiency and recycle wastewater where feasible. We evaluate our water management
by reviewing data on water use intensity, water discharge, and recycling rates. This allows us toevaluate our water usage for each of our operating locations. We have been monitoring annual water
use and discharges at our manufacturing facilities since 2012 to better understand where our water
sources, what our withdrawal rates are, and the volume, quality and destination of water discharged
from our facilities. We have completed a water risk evaluation of our manufacturing locations to
identify which of them may be impacted by future water scarcity issues. 28% of facilities are in areas
currently classified by the World Resources Institute Aqueduct Water Risk Tool as being extremely
high or high for baseline water stress.
Information on water withdrawal, recycling/reuse, and discharge is provided in the Metrics section ofthis report.

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Conventional
Air Emissions
Our atmospheric protection activities are based on acomprehensive analysis of our emissions. Efforts to reduce
air emissions—particulate matter, nitrogen oxides (NOx),sulphur oxides (SOx), volatile organic compounds (VOCs) andhazardous air pollutants (HAPs)—are supported by capital
investments, integration of cost-effective technologies andinnovative operating practices. Regular monitoring of ouremissions to air from all of our sites is a part of environmental
management at Avient.
All Avient manufacturing facilities strictly comply withapplicable regulatory requirements regarding emissions limits
and hold valid air permits where required. While conventional
air emissions are a critical and a highly-influential topic insome industrial sectors, as a specialty formulator of purchasedmaterials, Avient’s conventional air emission levels from legacy
operations are de minimis and not material.

Alpine Tunnel, Pitkin, Colorado by Rob Loveland

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Sustainability Report | 2022 68

Committed to the Planet
In addition to protecting the planet through our commitment to climate change, conserving natural resources and preventing pollution related to our operations, Avient is committed to investing in thecommunities where we live and work. From Global Giving to Earth Day clean up initiatives, our associates are dedicated to investing in their communities through charitable contributions and volunteering theirtime. The commitment to our communities is a crucial part of protecting planet for generations to come.

Supporting Our Local Communities
IN 2022:100+ Communities served worldwide
2,600+ Associates participated
70 NGOs supported meeting local needs
USD $1.7M Donated

8,200+ Hours volunteered

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Community Service and Charitable Contributions
Avient’s long-standing dedication to community engagement is integral to our culture. In achallenging year like 2022, our associates continued to prioritize making a meaningful difference inthe communities we serve. They demonstrated unquestionable service and empathy for others byvolunteering their time, talents, and treasures to support local organizations and causes worldwide.
In addition, we contributed to numerous non-profit organizations where our leaders sit on boards oftrustees, helping them advance sustainability in their operations and missions to serve.

Global Giving
United Way remains our most significant philanthropic endeavor, and our associates continue to give
generously every year. We have raised over $19 million for United Way chapters throughout North
America since 2007.

$19M+
FOR UNITED WAY SINCE 2007

In 2022, we expanded these efforts with our first Global Giving campaign. We partnered with local
leaders to identify areas of need and support communities where we operate through donationsand volunteering. As our Global Giving theme states, we undoubtedly did Give, Serve and Inspire. We
remain committed to our ongoing efforts to create a positive social impact and help build strong,resilient communities. See more on Global Giving projects on the next page.

Political Contributions
Avient does not fund political parties or members of government. In the United States, employees
at Avient have made use of their right to establish a Political Action Committee (PAC), which is avoluntary, federally registered employee association that collects donations for political purposesand decides how these are used, in accordance with U.S. law. The Avient PAC Committee, comprisedof Avient PAC Members, meets, discusses key topics and decides the annual budget. Avient PACaligns with candidates who support laws and regulations consistent with sustainable businesspractices and Avient’s interests, represent a state or district where an Avient facility is located and/or are active members or leadership of key committees/positions. Our discussions with legislators
provide awareness on Avient’s role and contributions to the science that enables sustainability anda circular economy, as well as the importance of maintaining a cost and regulatory environment thatallows companies to best operate, invest and grow.
In 2022, Avient PAC contributed $9,500 to federal candidates in the U.S. and $15,000 to state candidates
in Ohio. No political contributions are made outside the U.S. Avient PAC’s Federal Election Commission
filings, including listings of contributions, are publicly available at www.fec.gov. State of Ohio filings andcontributions are publicly available at www.ohiosos.gov.

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Global Giving
Over 2,600 Avient associates participated in our inaugural Global Giving campaign, serving more than 100 communities andbenefitting 70 non-profit and charity organizations around the world. We volunteered more than 8,200 hours to initiatives
ranging from mentorship programs to environmental cleanups and fundraising events.

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Earth Day Clean Up
Associates in Avon Lake picked up waste and litter in the Cleveland Metroparks in honor of Earth Day.

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Earth Day Photo Contest
In celebration of Earth Day, we encouraged our associates to go the extra mile and send us their favorite nature photo. In return,
Avient committed to making a donation to plant one tree for each associate that participated. Over 400 trees were planted
through One Tree Planted in honor of Earth Day!

The winner of the Earth Day
Photo contest appears on
this year’s Sustainability
Report cover. The pictures
shown on the right are our
five runner-up submissions.
Photo Contributors:(Clockwise from top right)
Cappadocia, Türkiye
by David Marigosu
Yorkshire Coast, Englandby Cat Blackwell
Domaine des Epioux,
Florenville, Belgium
by Cécile Latteur
Hoylandswaine, Englandby Sarah Stead
Cortina D’Ampezzo, Italy
by Alessia Ciuffolini

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PERFORMANCE

Mount Blanc, France by Laurent Gigot|

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Performance Overview
The fourth “P” of our sustainability cornerstones is Performance. While our work in People, Product and Planet are vitally important commitments, ultimately, they must yield financial performance and growth
to create a truly world-class sustainable organization. We are forever committed to achieving “the right results, the right way.” To do so, we maintain strict adherence to areas like policies, audit, governance, andglobal training for our associates on ethics and our Code of Conduct.
Since it was established in 2006, the combined efforts to execute Avient’s four-pillar strategy have been highly successful. Our specialty transformation has created unmistakable value over that period. More recently,
with the acquisition of the Protective Materials business of DSM and the divestiture of the Distribution business, we dramatically enhanced our material offerings in line with the strategy we established over a decadeago, and are now a premier formulator of specialized and sustainable solutions, poised for greater growth and margin expansion.
(continues on next page)

Specialty Transformation Expands Margin Profile
Adjusted EBITDA from Specialty Applications% of Adjusted EBITDA

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100%

Commodity JV’s

80%

Performance
Products &Solutions
Distribution

60%

100%
87%

40%

0%

(2)

Specialty
Businesses







7%
2010

11.5%

5.4%

46%

2005

16.2%



66%

20%

(1)

Adjusted EBITDA Margins

2015

Pro forma for the acquisition of Clariant Color
Pro forma for the acquisition of APM and divestiture of Distribution

2020PF(1)2022PF(2)



2006

2018

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Performance Overview(continued from previous page)

With the acquisition of Dyneema®, the world’s strongest fiber, and divestiture of Distribution, 2022 was a pivotal and progressive year for Avient and our vision to be a world-class, sustainable organization.
Avient now has unquestionably the strongest portfolio offering in the history of the company. Our end markets are more diverse and less cyclical, better positioning us for unpredictable market conditions andaligning focus toward areas of higher growth. And our investments in innovation, composites, and sustainable solutions has significantly increased the overall earnings profile of the company, which will lead to
long-term value creation for our company.
These factors are enabling us to deliver on our fourth P of Performance. It is an unwavering commitment—just as it is with the other three.

Increased End Market Diversification Provides Sustained EPS Growth
End Market Transformation(1)
58%

57%



Adjusted EPS Growth


$3.04

Defense6%

Transportation

Healthcare

14%

8%


Packaging24%
Building &Construction



43%

19%

22%
4%

9%

8%

10%

10%

2022PF(2)2006

Consumer

20%




2006

(1)
(2)



End market revenue as a percent of total company revenues
Pro forma for the acquisition of APM and divestiture of Distribution

2022PF(2)Earnings Per Share

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$2.67








$0.14
2006

2018

2022PF(2)

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Revenue from Sustainable Solutions* 2016–2022
Lightweighting

Recycle Solutions

Sustainable Infrastructure

Reduced Energy Use

Eco-conscious

VOC Reduction

Human Health & Safety

Biopolymers$1,175M

As highlighted in our Products section, Avient has a highly
technical and broad portfolio of material solutions that help ourcustomers—and our planet—be more sustainable.
These sustainable solutions have and will continue to comprisea growing portfolio for our company, as demand increases
across the globe and canvasses many end markets. As a result,
Avient revenue from sustainable solutions has more than tripledcompared to 2016.

O
11%

rg a

C
n ic

R
AG

$915M

$790M

In 2022, we delivered $1,175 million in sustainable solutions
sales, as defined using criteria aligned with the FTC 2012 Guide
for the Use of Environmental Marketing Claims. And we did sowhile yielding sustainable benefits in these eight key areas where
our material science is having the most impact.

$550M
$455M

As we look to the future, we expect these eight areas to gain evenmore importance-among our customers and their end users.

$405M
$340M

OUR TOTAL~⅓ OF
PORTFOLIO

Represented by Sustainable Solutions

2016

2017

2018

2019

2020PF(1)2021

2022PF(2)Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8–12%*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)(1
Pro Forma to include full year of the Clariant Color business(2)
Pro Forma for the acquisition of APM and the divestiture of Distribution

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The Highest Ethical Standards
At Avient, we strive to create a world-class sustainable organization, by conducting business in a way that meetsthe needs of the present without compromising the ability of future generations to meet their own needs.
Knowing that the judgments and decisions we make as individuals affect the way Avient is viewed in themarketplace and in the communities where we work, we let our personal values of Integrity, Honesty and Respect
shape the way we do business. These values are based on high ethical standards, and demand honesty andintegrity in our business dealings.
We strive to uphold a consistent global standard of ethical conduct, while respecting the cultures and businesspractices of the countries and local communities with which we interact. As a testament to its importance, all ouracquisitions are fully integrated into our Ethics and Compliance programs within the first year.
Our Code of Conduct establishes a clear set of ethical and behavioral standards for our business conduct. Ourinternal Ethics Committee and the Audit Committee of our Board provide oversight and direction for the training
and education of the Code and other ethics related matters and reviews trends in ethical and legal mattersaffecting Avient.
We also recognize that our responsibility extends beyond our operational and process boundaries to our supplierpartners. Our Supplier Code of Conduct provides requirements to suppliers and their employees, personnel
agents, and subcontractors to fully comply with applicable laws and regulations and adhere to internationallyrecognized environmental, social, corporate governance and management system standards.

TRANSLATED IN OVER

20 LANGUAGES

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Sustainability Report | 2022

Compliance andTraining Programs
Compliance oversight is provided by a combination of the
VP, Internal Audit & Corporate Ethics Officer, Legal, the Audit
Committee of the Board of Directors, and our internal Ethics
Committee, which is comprised of executive and business leadersacross all business segments and each region globally. The Audit
Committee and Ethics Committee formally meet to provide
oversight and the VP, Internal Audit & Corporate Ethics Officer has
direct access to both committees and provide regular updates
throughout the year.
Our compliance program is designed to promote and sustain aculture of excellence and we perform internal audits to ensurecompliance. To provide assurance and guide continuous
improvement for our program, our anti-bribery, anti-corruption
program is assessed on a regular basis.
To set clear expectations and understanding, our policies,
along with the training and communication of these policies areprovided in over 20 languages and disclosed on our website.
Code of Conduct training is an annual mandatory requirement
for all our associates. In addition, we reinforce important topics
such as anti-bribery, anti-corruption, antitrust, harassment
and discrimination, conflict of interest, insider trading andinformation security, with supplemental training provided todive deeper into important topics. Further, based on assessmentof global risk, we select certain specific countries or functionalgroups within Avient for focused training or audits.

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Ethics Hotline and Reporting
An independently managed Ethics Hotline, with multi-language capabilities, is available globally via Web or by phone,
24/7. The Hotline is available to anyone within or outside Avient to allow access to report questions or concerns directly
to Avient’s compliance team. Those who file reports can remain anonymous.
We promote the availability of our Hotline through a number of avenues, including our annual Code of Conduct
trainings, new-hire onboarding, Hotline posters which are displayed at all Avient locations, and ongoing associatecommunications. Additionally, during our Internal Audit team’s site engagements across the globe, we conduct
associate interviews to assess and reinforce the importance of speaking up if they have concerns.
Avient does not tolerate retaliation against any individual who, in good faith, seeks advice, raises a concern, reports
misconduct or provides information in an investigation related to a suspected Code of Conduct violation.
All reports, received through the Hotline or other sources, are investigated by an independent and objective teamwhich includes Legal, Compliance and Human Resources. Standardized processes and forms are used to ensure
a thorough review and resolution of ethics related reports. Investigations into ethics related matters have led to
disciplinary action, including termination. The VP, Internal Audit & Corporate Ethics Officer, presents the number of
ethics reports, report trends, substantiated reports, and a comparison of our ethics data vs. a benchmark to both the
Audit and Ethics Committees.

“At Avient, Ethics is paramount as we collaborate and advance innovation
with our customers and maintain an unwavering commitment toexcellence. We provide training to our associates to guide them in what
we value most—acting with integrity, honesty and respect every day. Our
team monitors compliance with these values and ensures continuous
improvement in our Ethics programs, which is essential to creating aworld-class, sustainable organization.”—Warren Schroeder, VP, Internal Audit and Corporate Ethics Officer

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Planet|PerformanceEnterprise Risk Management
The Enterprise Risk Management (ERM) process is collaborative across Avient’s functions in order to
identify Avient’s risks. Once risks are identified the likelihood of occurrence and potential impact ofeach risk is evaluated and assessed considering mitigating activity. The prioritized risks are reviewed
annually with executive management to ensure our risk identification and responses remain upto-date, mitigation actions remain effective, and that new and emerging risks are considered. Moreinformation regarding risks is available in our Annual Report on Form 10-K.
Avient’s management presents the ERM analysis to Avient’s Board of Directors on an annual basis.
Sustainability-related risks are included and evaluated as part of the ERM process, and address
potential issues related to People, Products, Planet and Performance.

ERM Topic Areas:
Brand Positioning & Market Intelligence

Increasing & Changing Regulation

Business Continuity

Inflation

Consumer Sentiment Towards Plastics

Innovation Effectiveness

COVID-19 ResponseIntellectual Property Protection &MaintenanceCrisis & Incident Management
Cyber Security
Data Privacy
Demand Trends
Environmental Social & Governance(ESG) Initiatives
Financial & Economic Risks
Geopolitical Risks
Health & Safety

IT systems and Integrations
Labor Shortages
M&A Execution
Quality Systems
Raw Material and Energy Availability &Supply Chain Disruptions
Talent Attraction, Development & Retention
Third Party Service Providers|

Metrics|

Index

Sustainability Report | 2022

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Board of Directors Governance
The primary responsibility for corporate governance at Avient rests with our Board of Directors.
Our Board believes that corporate governance is enhanced when a substantial majority of the
Directors are independent and when all Directors have demonstrated substantial professional
accomplishment and leadership in their careers.
Our Board also believes that good corporate governance is achieved through effective oversightof management and the business affairs of the company. To accomplish this oversight, theBoard has assigned responsibilities among committees of the Board and has documented those
responsibilities in committee charters. All of our Board committees play some role in sustainability
for the Company.
For example, our Governance and Corporate Responsibility Committee provides oversight andguidance with regard to how the Board and management evaluate and integrate corporate
responsibility and sustainability into the Company’s business strategy and decision-making. Our
Environmental, Health and Safety Committee exercises oversight with respect to the Company’senvironmental, health, safety, physical security and product stewardship policies and practices
and reviews with management risks and exposures regarding environmental, health and safetyconcerns. This includes oversight of the systems that are in place to monitor and mitigate ourcarbon footprint and the potential risks related to climate change impacts on the physicalenvironment. In addition, the Board has adopted a set of corporate governance guidelines that
help define its responsibilities and guide its conduct.

AVERAGETENUREAVERAGEAGE

RACIAL
DIVERSITY

GENDER
DIVERSITYTOTAL
DIVERSITY

Our Board consists of 12 Directors, 11 of whom are independent, and who each bring a unique setof qualifications pertaining to corporate governance and Avient’s business. The Governance andCorporate Responsibility Committee of the Board regularly reviews criteria for Board membershipto ensure an appropriate mix of skills, experience, and diversity. Mandatory membership criteria
include high ethical standards, integrity, judgment, and an ability to devote sufficient time to theaffairs of our Company. Our Board also represents a balanced mix of fresh perspectives from our
newer Directors and more seasoned perspectives from our longer tenured Directors.
Diversity is a key focus area for our global associates and that extends to our Board as well.
Forty-two percent of our Directors are female or racially or diverse or considered to be disabled..
To further its commitment to maintaining a diverse board, during any search for a new Board
member, the charter for the Governance and Corporate Responsibility Committee requires theinclusion of qualified female and racially/ethnically diverse persons in the initial pool from which
Director nominees are chosen.

8 61 17% 25% 42%

years

female

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Board of Directors
Robert M. Patterson
Chairman, President andChief Executive Officer,
Avient Corporation

Neil Green
Executive Vice President
and Chief Digital Officer,
Otis Worldwide Corporation

Ernest Nicolas
Chief Supply Chain Officer,
HP Inc.

Richard Fearon
Lead Director,
Avient Corporation
Retired Vice Chairman andChief Financial and
Planning Officer, Eaton

William R Jellison
Retired Vice President,
Chief Financial Officer,
Stryker Corporation

Kerry J. Preete
Retired Executive
Vice President,
Chief Strategy Officer,
Monsanto Company

Robert E. Abernathy
Retired Chairman andChief Executive Officer,
Halyard Health, Inc.

Sandra B. Lin
Retired President,
Chief Executive Officer
and Director, Calisolar Inc.
(now Silicor Materials Inc.)

Patricia Verduin, Ph.D.
Retired Chief Technology Officer,
Colgate-Palmolive Company

Gregory J. Goff
Retired Executive Vice Chairmanof Marathon Petroleum
Corporation

Kim Ann Mink, Ph.D
Former Chairman, President
and Chief Executive Officer,
Innophos Holdings, Inc.

William A. Wulfsohn
Former Chairman andChief Executive Officer,
Ashland Global Holdings, Inc.

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Policies & Guidelines
In addition to our Code of Conduct, our corporate governance policies show our commitment to honest, ethical business practices and compliance with applicable law. These documents and policies are theprinciples and guidelines that we follow to ensure effective corporate governance practices within Avient.

Animal Testing Policy

Global ISO Certificate Library

Audit Committee Charter

Global Policy on Anti-Bribery and Anti-Corruption

California Transparency in Supply Chains Act Disclosure

Global Policy on Antitrust

Code of Conduct

Governance and Corporate Responsibility Committee Charter

Code of Ethics—Applicable to Avient Senior Officers

Position on Human Rights

ColorMatrix Europe Limited—Modern Slavery and Human Trafficking Statement

Privacy Policy

Compensation Committee Charter

Product Stewardship Policy

Conflict Minerals Policy

Quality Policy

Corporate Governance Guidelines

Responsible Care Policy

Environmental Policy

Safety and Health Policy

Equal Employment Opportunity

Security Policy

Global Chemical Management

Supplier Code of Conduct

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Index

People Data and Metrics
Category

2019

2020

2021

2022

Total TRIR (#—Direct)

0.56

0.50

0.55

0.51

Total TRIR (#—Contractors)

0.00

0.00

0.00

0.00

Recordable Injuries (Total #)

36

37

55

57

Recordable Illnesses (Total #)

0

0

0

0

Total LTIR (#—Direct)

0.29

0.24

0.14

0.15

Total LTIR (#—Contractors)

0.00

0.00

0.00

0.00

Total Injuries of High Consequence (% of TRIR)

14

5

2

0

Total Fatality Rate (#—Direct)

0.00

0.00

0.00

0.00

Total Fatality Rate (#—Contractors)

0.00

0.00

0.00

0.00

Process Safety Incident Count (#)

0

0

0

0

Process Safety Total Incident Rate (#)

0.00

0.00

0.00

0.00

Process Safety Incident Severity Rate (#)

0.00

0.00

0.00

0.00

Transport Incidents (#—US DOT 5800/EU ADR)

0

0

0

0

Safety Improvements Completed (#)

N/A

N/A

10,10014,658

EH&S Internal Audits (#)

58

37

25

40

Workers covered by an EH&S Management Systems (%)

100

100

100

100

Workers covered by an internally audited EH&S MS (%)

100

100

100

100

Facilities externally certified ISO45001 (or equivalent — %)*

N/A

52

56

54

Suppliers externally certified ISO45001 (% of surveyed)

N/A

44

56

53

*Certificates can be found at (https://www.avient.com/company/policies-and-governance/global-iso-certificate-library)

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Index

Planet Data and Metrics
Category

2019*

2020*

2021*

2022*

2,377,860

2,242,291

2,361,107

2,265,482

Energy Intensity (GJ/MT Sales)

5.09

5.04

4.77

5.05

Renewable Electricity (MWh)**104,880.63

122,505.22

174,701.68

232,488.43

Electric Power (MWh)461,426.13

439,773.23

460,693.35

439,215.11

Renewable Electricity (%)

23

28

38

53

Renewable Energy (%)

16

20

27

37

11,845

14,59011,461

12,019

59

74

102

129

Annual Savings from Energy Saving Activities (GJ)

35,573

19,47072,845439,347

Capital Invested in Energy Savings ($MM USD)

1.97

2.43

1.74

5.05

Purchased Electricity (%)

49.74

51.70

51.05

69.79

Purchased Natural Gas (%)

12.89

14.11

13.46

29.45

Purchased Steam (%)

0.00

0.00

0.00

0.00

Purchased Diesel Fuel (%)

0.87

0.95

1.12

0.76

Non-Renewable: Coal

46.72

45.53

41.12

40.04

Non-Renewable: Natural Gas

33.69

36.12

17.51

17.41

Non-Renewable: Other Fossil Fuels

0.00

0.00

0.26

0.21

Non-Renewable: Nuclear

11.95

11.37

9.86

9.01

Non-Renewable: Oil

2.16

1.60

1.82

1.70

Renewable: Hydro

3.24

2.23

14.79

15.22

Renewable: Wind

0.70

0.88

7.94

9.02

Renewable: Solar

1.48

2.20

3.76

4.67

Renewable: Biomass

0.06

0.07

2.53

2.44

Renewable: Geothermal

0.00

0.00

0.29

0.28

ENERGY1
Total Energy (GJ)

Total Self-Generated Energy (GJ)
Energy Saving Activities (#)

PURCHASED ENERGY (%)

SOURCES OF PURCHASED ELECTRICITY (%)2

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Index

(continued from previous page)

Category

2019*

2020*

2021*

2022*

EMISSIONS

1

Greenhouse Gas Emissions (MT Scope 1 GHG)**

36,68039,02336,147

34,792

Greenhouse Gas Emissions (MT Scope 2 GHG)**

169,789

102,479

100,595

99,465

Greenhouse Gas Emissions (MT Scope 3 GHG)3

584,6221,440,584

2,122,338

6,421,128

Greenhouse Gas Emissions (MT Scope 1 & 2 GHG)**

206,469

141,502

136,742

134,257

Greenhouse Gas Emissions Intensity (MT 1&2 GHG/ MT Sales)

0.44

0.32

0.28

0.30

Greenhouse Gas Emissions Intensity (MT 1&2 GHG/ B Revenue)

51,86463,886

41,24939,524

Annual GHG Emissions Avoidance from ESA & WMP (MT)8,378

10,23533,631

115,099

0

0

0

0

Reportable Releases—above permitted limits (#)

EMISSIONS OF SOX/NOX/VOC/HAPS (MT)
SOx

0.14

0.13

0.13

0.25

NOx

14.74

10.85

11.77

12.96

VOC

695.40659.43648.17563.96

Top 4 Hazardous Air Pollutants

0.98

1.00

1.18

6.96

Particulate Matter

33.78

30.99

32.88

28.02

Total Waste (MT)31,08729,78333,09032,267

Total Waste Intensity (Kg Waste/MT Sales)

66.60

66.92

66.90

71.88

Total Waste Intensity (MT Waste/ B Revenue)

7,809

13,447

9,982

9,499

Percent of Total Waste Recycled/Beneficially Reused (%)

51.45

50.51

47.85

48.60

WASTE

Percent of Total Waste Landfilled (%)

40.13

40.20

43.26

44.24

Total Waste Landfilled (MT)**12,476

11,972

14,315

14,274

Total Non-Hazardous Waste (MT)27,60826,60629,29828,503

Waste Minimization Projects (#)

34

53

142

114

Annual Diversion from Waste Minimization Projects (MT)

2,087

743

3,136

8,425

Capital Invested in Waste Minimization ($MM USD)

0.00

0.33

1.48

2.68

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Index

(continued from previous page)

Category

2019*

2020*

2021*

2022*

Hazardous Waste US & Canada (%)

29

16

19

21

Hazardous Waste Latin America (%)

5

5

6

6

Hazardous Waste Europe (%)

36

51

41

34

Hazardous Waste Asia Pacific (%)

27

25

30

36

Hazardous Waste Middle East & Africa (%)

3

3

4

3

3,480

3,177

3,792

3,850

Total Water Withdrawal (1000 m3)

1,356

1,801

1,796

1,738

Total Water Withdrawal Intensity (m3/MT Sales)

2.90

4.05

3.63

3.87

Total Wastewater Discharge (1000 m3)

892

1,032

1,164

1,122

Wastewater Recycled (% of Total)

34

43

35

35

HAZARDOUS WASTE

Total Hazardous Waste (MT)WATER

Total Water Related NoV (#)

0

0

0

0

Withdrawal & Consumed from High Water Stress Areas (% of Total)

38

35

30

28

Water Minimization Projects (#)

4

6

19

19

Annual Diversion from Water Minimization Projects (1000 m3)

9

19

55

115

Capital Invested in Water Minimization ($MM USD)

0.04

0.38

0.24

0.07

N/A

50

52

57

CERTIFIED ENVIRONMENTAL MANAGEMENT SYSTEMS
Facilities externally certified to ISO14001/RC14001 (%)4

2

2

2

2

Suppliers externally certified ISO14001 (% of surveyed)

N/A

70

75

72

Suppliers externally certified to ISO50001 (% of surveyed)

N/A

17

19

24

Facilities externally certified to ISO50001 (# of high energy sites)

4* Includes estimated full year performance of APM acquisition** 2019 baseline data revised to account for acquisition pro-forma performance and divestitures
1 Refer to CDP Climate Change Report for finalized Energy/Emissions information at https://www.avient.com/company/sustainability/sustainability-report/reporting/cdp-climate-change-report
2 Estimates. Does not include renewable energy credits from Virtual Power Purchase Agreements
3 Increase due to capture of all relevant Scope 3 category data (Does not include data from APM acquisition)
4 Certificates can be found at https://www.avient.com/company/policies-and-governance/global-iso-certificate-library

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GRI Standards Content Index
GRI Standard

Disclosure Title

Avient Disclosures

General Disclosures
Organizational Profile
102–1

Name of the organization

102–2

Activities, brands, products, and services

102–3

Location of headquarters

Avient 2022 Annual Report—Form 10-K Cover Page

102–4

Location of operations

Where We Are: Global Locations Page 15
Avient 2022 Annual Report—Form 10-K Page 13

102–5

Ownership and legal form

Avient 2022 Annual Report—Form 10-K Cover Page

102–6

Markets served

About Us—Communities and Customers Counting on Avient Page 16
Avient 2022 Annual Report—Form 10-K Page 13

102–7

Scale of the organization

Avient 2022 Annual Report—Form 10-K Pages 2–7, 37–38

102–8

Information on employees and other workers

Avient 2022 Annual Report—Form 10-K Page 5
People—Workforce Demographics Page 31

102–9

Supply chain

Avient 2022 Annual Report—Form 10-K Page 5

102–10Significant changes to the organization and its supply chain

102–11

Precautionary Principle or approach

102–12External initiatives

About Us—Who We Are

Avient Technologies—Products

Avient products are not banned in any market

Currently we report on the number of associates. A majority of associates have full-time contracts.

Avient 2022 Annual Report—Form 10-K
Page 18

Avient 2022 Annual Report—Form 10-K
Page 8–12

About Us—Who We Are Page 12
People—Security, Becoming an Even Better Place to Work Page 23, Page 40
Products—Strategic Partnerships and Alliances Page 56
Strategic Partnerships and Alliances Page 56

102–13

Membership of associations

Alliance to End Plastic Waste
American Composites Manufacturers Association
Association of Plastic Recyclers (APR)
Operation Clean Sweep
PET Container Recycling Europe (PetCore)
Plastics Recyclers Europe (PRE)
RecyClass
Responsible Mica Initiative
The Microfibre Consortium (TMC)
UK Plastic Pact

Sustainability Report | 2022

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General Disclosures
Strategy
102–14

Statement from senior decision-maker2022 Sustainability Report—Message from the CEO Page 3

102–15Key impacts, risks, and opportunities

Avient 2022 Annual Report—Form 10-K Page 7–12
Products—Innovation: Formulating for the Future Page 42

102–16

Values, principles, standards, and norms of behavior

About Us—Who We Are Page 12
Avient 2022 Annual Report—Vision and Strategy

102–17

Mechanisms for advice and concerns about ethics

Performance—Ethics Hotline and Reporting Page 78

Governance structure

Performance—Board of Directors Governance Page 80
People—Management Approach: EH&S Page 19
Avient 2022 Annual Report—Form 10-K Pages 13–14 & 69
Avient 2023 Proxy Statement—Pages 14–16
https://www.avient.com/investors/governance102–20Executive-level responsibility for economic, environmental, andsocial topics

Performance—Board of Directors Governance Page 80
People—Management Approach: EH&S Page 19
People—Management Approach: Training and Development Page 24
People—Management Approach: Diversity & Inclusion Page 27
Products—Management Approach: Product Stewardship Page 51
Products—Management Approach: Supplier Collaboration Page 54
https://www.avient.com/investors/governance102–22Composition of the highest governance body and its committees

Avient 2022 Annual Report—Form 10-K Pages 13–14, & 69
Performance—Board of Directors Governance Page 80–81

102–23Chair of the highest governance body

Avient 2023 Proxy Statement—Page 22

102–24

Nominating and selecting the highest governance body

Performance—Board of Directors Governance Page 80–81
Avient 2022 Annual Report—Form 10-K Pages 13–14
Avient 2023 Proxy Statement Page 17
https://www.avient.com/investors/governance102–25

Conflicts of interest

Performance—Board of Directors Governance Page 80–81
Avient Code of Conduct
https://www.avient.com/investors/governance102–26

Role of highest governance body in setting purpose, values, andstrategy

Performance—Board of Directors Governance Page 80–81
Avient 2022 Annual Report—Form 10-K Pages 13–14 & 69
Avient 2023 Proxy Statement Pages 46–48
https://www.avient.com/investors/governance102–27

Collective knowledge of highest governance body

Performance—Board of Directors Governance Page 80–81
Avient 2023 Proxy Statement Pages 14–16

102–28

Evaluating the highest governance body's performance

Performance—Board of Directors Governance Page 80–81
Avient 2023 Proxy Statement Pages 49–53
https://www.avient.com/investors/governance

Ethics & Integrity

Governance102–18Sustainability Report | 2022

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Avient Disclosures

General Disclosures
Governance102–29Identifying and managing economic, environmental, and social impacts

Performance—Board of Directors Governance Page 80–81
People—Management Approach: EH&S Page 19
https://www.avient.com/investors/governance

102–30Effectiveness of risk management processes

Performance—Enterprise Risk Management (ERM); Board of Directors Governance; Pages 79, 80
Avient 2023 Proxy Statement Pages 46–47
https://www.avient.com/investors/governance

102–31

Review of economic, environmental, and social topics

Performance—Enterprise Risk Management (ERM); Board of Directors Governance; Pages 79, 80
Avient 2023 Proxy Statement Page 46–47, 51
https://www.avient.com/investors/governance

102–32Highest governance body's role in sustainability reporting

Message from the Governance and Corporate Responsibility Committee Page 4
Performance—Board of Directors Governance Page 80–81
Avient 2023 Proxy Statement Page 46–47, 51
https://www.avient.com/investors/governance

102–33

Communicating critical concerns

Performance—Board of Directors Governance Page 80–81
Avient 2023 Proxy Statement Page 46–48, 51
Avient Code of Conduct
https://www.avient.com/investors/governance

102–34Nature and total number of critical concerns

Avient 2022 Annual Report—Form 10-K Pages 56–57

102–35

Remuneration Policies

Avient 2023 Proxy Statement Pages 66–72, 75–84

102–36

Process for determining remuneration

Avient 2023 Proxy Statement Pages 66–72

102–37

Stakeholders' involvement in remuneration

Avient 2023 Proxy Statement Pages 66–67

102–38Annual total compensation ratio

Avient 2023 Proxy Statement Page 85

Stakeholder Engagement
102–40

List of stakeholder groups

About Us—Engaging with Our Stakeholders Page 9

102–41

Collective bargaining agreements

Workforce Demographics—Employee Representation Page 31

102–42

Identifying and selecting stakeholders

About Us—Engaging with Our Stakeholders Page 9

102–43

Approach to stakeholder engagement

About Us—Engaging with Our Stakeholders Page 9

102–44

Key topics and concerns raised

About Us—Engaging with Our Stakeholders Page 9

Reporting Practice
102–45

Entities included in the consolidated financial statements

Avient 2022 Annual Report—Form 10-K Page 2–3
We operate in three reportable segments: (1) Color, Additives and Inks; (2) Specialty Engineered Materials;
and (3) Distribution.

102–46

Defining report content and topic boundaries

The information in this report applies to Avient and all owned facilities, joint ventures, and operating companies
globally within the reporting period, unless otherwise stated. In the case of our associates, all information pertain
only to employees of Avient and its operating subsidiaries, unless otherwise noted. Environmental data covers all sites
owned or operated by Avient in the reporting period.

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General Disclosures
Reporting Practice

102–47

List of material topics

People—Occupational Safety & Health; Management Approach: Training and Development; Management Approach:Diversity & Inclusion Page 21, 24, 27
Products—Management Approach: Product Stewardship; Management Approach: Supplier Collaboration Page 51, 54
Planet—Reducing Emissions; Waste: Preventing, Minimizing, Eliminating Pages 61, 63
Performance Overview Page 74

102–48

Restatements of information

EHS Metrics includes estimated full year performance of APM acquisition

102–49Changes in reporting

No change

102–50

Reporting period

January 1, 2022 through December 31, 2022

102–51

Date of most recent report

This is Avient's 5th sustainability report.

102–52

Reporting cycle

At minimum, biennial

102–53

Contact point for questions regarding the reporthttps://www.avient.com/contact-us-now

102–54Claims of reporting in accordance with the GRI standards

This report has been prepared in accordance with the GRI Standards: Core Option

Economic Topic Disclosures
GRI 201: Economic
103-1, 2 and 3

Management approach – GRI 103

Performance—Performance Overview Page 74

201–1

Direct economic value generated and distributed

Avient 2022 Annual Report—Form 10-K Pages 18–19

201–2

Financial implications and other risks and opportunities due to climatechangeAvient 2022 Annual Report—Form 10-K Page 9–10
Performance—Enterprise Risk Management (ERM) Page 79
Planet—Climate Change, Energy and Greenhouse Gas (GHG) Emissions Page 59

201-3

Defined benefit plan obligations and other retirement plans

Avient 2022 Annual Report—Form 10-K Pages 24 & 41

GRI 205: Anti-Corruption
103-1, 2 and 3

Management approach – GRI 103

Performance—The Highest Ethical Standards Page 77
Avient Code of Conduct

205–1

Operations assessed for risks related to corruption

Products—Management Approach: Supplier Collaboration Page 54
Performance—The Highest Ethical Standards; Enterprise Risk Management (ERM) Pages 77, 79
Avient Code of Conduct
https://www.avient.com/investors/governance

205–2

Communication and training about anti-corruption policies andprocedures

Performance—The Highest Ethical Standards Page 77
Avient Code of Conduct
https://www.avient.com/investors/governance

205–3

Confirmed incidents of corruption and actions taken

There were no incidents of corruption in 2022.
Avient Code of Conduct
https://www.avient.com/investors/governance

GRI 206: Anti-Competitive Behavior
103–1, 2 and 3

Management approach—GRI 103

Avient Code of Conduct

206–1

Legal actions for anti-competitive behavior, anti-trust, andmonopoly practices

No legal actions were brought against Avient for anti-competitive behavior, anti-trust, or monopoly practices in 2022.

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Environmental Topic Disclosures
GRI 301: Materials
301–1

Materials used by weight or volume

About Avient—What We Do: Material Science Page 13
Avient 2022 Annual Report—Form 10-K Page 3

301–2

Recycled input materials used

Products—How Our Products Enable Sustainability Page 44

301–3

Reclaimed products and their packaging materials

Products—How Our Products Enable Sustainability Page 44

103–1, 2 and 3

Management approach—GRI 103

Planet—Protecting Our Planet; Climate Change Pages 58–59
https://www.avient.com/company/sustainability/planet/environmental-stewardship

302–1

Energy consumption within the organization

Planet—Protecting Our Planet; Climate Change Pages 58–59
Metrics—Planet Data and Metrics Page 85

302–2

Energy consumption outside of the organization

Planet—Protecting Our Planet; Climate Change Pages 58–59
Metrics—Planet Data and Metrics Page 85

302–3

Energy intensity

Metrics—Planet Data and Metrics Page 85
Our energy intensity evaluates all energy usage within the organization.

302–4

Reduction of energy consumption

Planet—Protecting Our Planet; Climate Change Pages 58–59
Metrics—Planet Data and Metrics Page 85

302–5

Reductions in energy requirements of products and services

Products—How Our Products Enable Sustainability Page 44
Metrics—Planet Data and Metrics Page 85

GRI 302: Energy

GRI 303: Water and Effluents
303–1

Interactions with water as a shared resource

Planet—Climate Change; Water Intensity and Biodiversity Pages 59, 66
https://www.avient.com/company/sustainability/planet/environmental-stewardship

303–3

Water withdrawal

Planet—Climate Change; Water Intensity and Biodiversity Pages 59, 66
Metrics—Planet Data and Metrics Page 87

GRI 305: Emissions
103–1, 2 and 3

Management approach—GRI 103

Planet—Protecting Our Planet; Climate Change Pages 58, 59
Metrics—People and Planet Data and Metrics Page 84–87

305–1

Direct (Scope 1) GHG emissions

Planet—Protecting Our Planet; Climate Change Pages 58, 59
Metrics—Planet Data and Metrics Page 86

305–2

Energy indirect (Scope 2) GHG emissions

Planet—Protecting Our Planet; Climate Change Pages 58,59
Metrics—Planet Data and Metrics Page 86

305–3

Other indirect (Scope 3) GHG emissions

Planet—Protecting Our Planet; Climate Change Pages 58, 59
Metrics—Planet Data and Metrics Page 86

305–4

GHG emissions intensity

Planet—Protecting Our Planet; Climate Change Pages 58, 59
Metrics—Planet Data and Metrics Page 86

305–5

Reduction of GHG emissions

Planet—Protecting Our Planet; Climate Change Pages 58, 59
Metrics—Planet Data and Metrics Page 86

305–7

Nitrogen oxides (NOX), sulfur oxides (SOX), and other significant
air emissions

Planet—Conventional Air Emissions Page 67
Metrics—Planet Data and Metrics Page 86

Sustainability Report | 2022

93

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Sustainability Report | 2022 94

Avient Disclosures

Environmental Topic Disclosures
GRI 306: Waste
103–1, 2 and 3

Management approach—GRI 103

Planet—Waste: All Sections Pages 63–64
https://www.avient.com/company/sustainability/planet/environmental-stewardship

306–1

Waste generation and significant waste-related impacts

Planet—Waste: All Sections Pages 63–64

306–2

Management of significant waste-related impacts

Planet—Waste: All Sections Pages 63–64

306–3

Waste generated

Planet—Waste: All Sections Pages 63–64
Metrics—Planet Data and Metrics Page 86

306–4

Waste diverted from disposal

Planet—Waste: All Sections Pages 63–64
Metrics—Planet Data and Metrics Page 86

306–5

Waste directed to disposal

Planet—Waste: All Sections Pages 63–64
Metrics—Planet Data and Metrics Page 86

GRI 307: Environmental Compliance

103–1, 2 and 3

Management approach—GRI 103

People—Management Approach: EH&S Page 19
Products—Management Approach: Product Stewardship Page 51
Planet—Protecting Our Planet Page 58
Avient 2022 Annual Report—Form 10-K Pages 6–7
https://www.avient.com/company/sustainability/planet/environmental-stewardship

307–1

Non-compliance with environmental laws and regulations

Products—Management Approach: Product Stewardship Page 51
Avient 2022 Annual Report—Form 10-K Pages 6–7

GRI 308: Supplier Environmental Assessment
103–1, 2 and 3

Management approach—GRI 103

Products—Management Approach: Supplier Collaboration Page 54
Avient Supplier Code of Conduct

308–1

New suppliers that were screened using environmental criteria

Products—Management Approach: Supplier Collaboration Page 54

308–2

Negative environmental impacts in the supply chain and actions taken

Products—Management Approach: Supplier Collaboration Page 54

Social Topic Disclosures
GRI 401: Employment
103–1, 2 and 3

Management approach—GRI 103

People—Management Approach: Training and Development Page 24; Diversity & Inclusion: Leading from the Top
Page 26; Management Approach: Diversity & Inclusion Page 27

401–1

New employee hires and employee turnoverPeople—Workforce Demographics Page 31
We hired 1529 new associates in 2022 (this number includes our acquisition, APM).

401–2

Benefits provided to full-time employees that are not provided totemporary or part-time employees

People—Associate Benefits / Awards and Recognition Program; Health and Wellness Pages 32, 34

401–3

Parental leave

People—Health and Wellness Page 34

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Sustainability Report | 2022

Avient Disclosures

Social Topic Disclosures
GRI 403: Occupational Health & Safety
Management approach—GRI 103

People—Management Approach: EH&S Page 19
Avient 2022 Annual Report—Form 10-K Pages 5–7
Avient's Position on Human Rights
https://www.avient.com/company/sustainability/planet/environmental-stewardship403–1

Occupational health and safety management system

People—Management Approach: EH&S Page 19
Avient 2022 Annual Report—Form 10-K Pages 5–7
People—Occupational Safety & Health Page 21
https://www.avient.com/company/sustainability/planet/environmental-stewardship403–2

Hazard identification, risk assessment, and incident investigation

People—Management Approach: EH&S Page 19
https://www.avient.com/company/sustainability/planet/environmental-stewardship403–3

Occupational health services

People—Occupational Safety & Health Page 21

403–4

Worker participation, consultation, and communication on
occupational health and safety

People—Management Approach: EH&S Page 19
https://www.avient.com/company/sustainability/planet/environmental-stewardship

403–5

Worker training on occupational health and safety

People—Management Approach: EH&S; People—Management Approach: Training and Development Pages 19, 24

403–6

Promotion of worker health

People—Occupational Safety & Health; Health and Wellness Pages 21, 34

403–7

Prevention and mitigation of occupational health and safety impacts
directly linked by business relationships

People—Management Approach: EH&S Page 19
Products—Management Approach: Product Stewardship; Management Approach: Supplier Collaboration
Pages 51, 54
Avient 2022 Annual Report—Form 10-K Pages 5–7
https://www.avient.com/company/sustainability/planet/environmental-stewardship

403–8

Workers covered by an occupational health and safety management
systemPeople—Management Approach: EH&S Page 19
Avient 2022 Annual Report—Form 10-K Pages 5–7

403–9

Work-related injuries

People—Management Approach: EH&S Page 19
Avient 2022 Annual Report—Form 10-K Pages 5–7
Metrics—People and Planet Data and Metrics Pages 84–85

403–10Work-related ill health

People—Management Approach: EH&S Page 19
Avient 2022 Annual Report—Form 10-K Pages 5–7
Metrics—People and Planet Data and Metrics Pages 84–85

103–1, 2 and 3

GRI 404: Training & Education
10–1, 2 and 3

Management approach—GRI 103

People—Management Approach: Training and Development Page 24

404–1

Average hours of training per year per employee

People—Management Approach: Training and Development; Career Training and Performance Feedback Pages 24, 35
In 2022, associates received 142,000 hours of training through a variety of delivery methods.
Some associates receive additional training based on their role, such as Lean Six Sigma, Customer Centric Selling, andCore Leadership.

404–2

Programs for upgrading employee skills and transition
assistance programs

People—Career Training and Performance Feedback Page 35

404–3

Percentage of employees receiving regular performance and careerdevelopment reviews

People—Career Training and Performance Feedback Page 35

95

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Sustainability Report | 2022

Avient Disclosures

Social Topic Disclosures
GRI 405: Diversity and Equal Opportunity
103–1, 2 and 3

Management approach—GRI 103

People—Diversity and Inclusion: Leading from the Top; Management Approach: Diversity & Inclusion Pages 26, 27

405–1

Diversity of governance bodies and employees

People—Diversity and Inclusion: Leading from the Top; Workforce Demographics Pages 26, 31

GRI 406: Non-discrimination
103–1, 2 and 3

406–1

Management approach—GRI 103

People—Management Approach: Diversity & Inclusion Page 27

Incidents of discrimination and corrective actions taken

People—Management Approach: Training and Development; Management Approach: Diversity & Inclusion Pages 24, 27
As outlined in our Code of Conduct, Avient has no tolerance for discrimination or harassment of any kind basedon racial, religious, sexual or ethnic differences or on any other legally protected characteristics. Allegations of
discrimination or harassment are promptly investigated, and appropriate corrective action is taken for any violations of
this ethical standard.

GRI 407: Freedom of Association and Collective Bargaining
103–1, 2 and 3

Management approach—GRI 103

Product—Management Approach: Supplier Collaboration Page 54
Avient’s Position on Human Rights Page 33
Avient Supplier Code of Conduct

407–1

Operations and suppliers in which the right to freedomof association and collective bargaining may be at risk

Product—Management Approach: Supplier Collaboration Page 54
To our knowledge, Avient's operations are compliant with all statutory requirements relating to the right to freedom of
association and collective bargaining. Suppliers are expected to comply with our Supplier Code of Conduct.

GRI 408: Child Labor
103–1, 2 and 3

Management approach—GRI 103

Product—Management Approach: Supplier Collaboration Page 54
Avient's Position on Human Rights Page 33
Avient Supplier Code of Conduct

408–1

Operations and suppliers at significant risk for incidents of child labor

Product—Management Approach: Supplier Collaboration Page 54
To our knowledge, Avient’s operations do not have a significant risk of child labor. Suppliers are expected to comply
with our Supplier Code of Conduct.

GRI 409: Forced or Compulsory Labor
103–1, 2 and 3

Management approach—GRI 103

Product—Management Approach: Supplier Collaboration Page 54
Avient’s Position on Human Rights Page 33
Avient Supplier Code of Conduct

409–1

Operations and suppliers at significant risk for incidents of forced orcompulsory labor

Product—Management Approach: Supplier Collaboration Page 54
To our knowledge, Avient’s operations do not have a significant risk of incidents of forced or compulsory labor.
Suppliers are expected to comply with our Supplier Code of Conduct.

GRI 412: Human Rights Assessment
412–2

Employee training on human rights policies or procedures

Performance—The Highest Ethical Standards Page 77

GRI 413: Local Communities
413–1

Operations with local community engagement, impact assessments,
and development programs

Planet—Community Service & Charitable Contributions Page 69

413–2

Operations with significant actual and potential negative impacts on
local communities

Planet—Community Service & Charitable Contributions Page 69
To our knowledge, Avient’s operations do not have a[n] significant actual or potential negative impact on local
communities.

96

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Avient Disclosures

Social Topic Disclosures
GRI 414: Social Supplier Assessment
103–1, 2 and 3

Management approach—GRI 103

Product—Management Approach: Supplier Collaboration Page 54
Avient Supplier Code of Conduct

414–1

New suppliers that were screened using social criteria

Product—Management Approach: Supplier Collaboration Page 54

414–2

Negative social impacts in the supply chain and actions taken

Product—Management Approach: Supplier Collaboration Page 54

GRI 415: Public Policy
415–1

Political contributions

Planet—Political Contributions Page 69

GRI 416: Customer Health and Safety
103–1, 2 and 3

Management approach—GRI 103

Product—Management Approach: Product Stewardship Page 51

416–1

Assessment of the health and safety impacts of product and service
categories

Product—Management Approach: Product Stewardship Page 51

416–2

Incidents of non-compliance concerning the healthand safety impacts of products and services

Product—Management Approach: Product Stewardship Page 51

GRI 417: Marketing and Labeling
103–1, 2 and 3

Management approach—GRI 103

Product—Management Approach: Product Stewardship Page 51

417–1

Requirements for product and service information and labeling

Product—Management Approach: Product Stewardship Page 51

417–2

Incidents of non-compliance concerning product and service
information and labeling

Product—Management Approach: Product Stewardship Page 51

417–3

Incidents of non-compliance concerning marketing communications

Product—Management Approach: Product Stewardship Page 51

GRI 418: Customer Privacy
103–1, 2 and 3

Management approach—GRI 103

People—Security Page 23

418–1

Substantiated complaints concerning breaches of customer privacy andlosses of customer data

There have been zero substantiated complaints concerning breaches of customer privacy and losses of customer data
for this reporting period.

GRI 419: Socio Economic Compliance419–1

Non-compliance with laws and regulations in the socialand economic area

To our knowledge, Avient is in material compliance with all applicable laws and regulations in the social andeconomic areas.

97

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Sustainability Accounting Standards Board (SASB) Chemicals Standard Index
Accounting or Activity Metric

Code

Avient Disclosures

RT-CH-110a.1

Scope 1: 34,792 MT CO2e
Metrics—Planet Metrics Page 86

RT-CH-110a.2

By 2030, Avient will reduce Scope 1 & 2 greenhouse gas (GHG) emissions by 55% with 2019 as a baseline and achieve
operational carbon neutrality by 2050.
2030 Sustainability Goals
Planet—Climate Change, Energy and Greenhouse Gas (GHG) Emissions Pages 59–60

RT-CH-120a.1

1. NOx: 0.25 MT
2. SOx: 12.96 MT
3. VOCs: 563.96 MT
4. HAPs: 6.96 MT
Metrics—Planet Metrics Page 86

RT-CH-130a.1

1. Total energy: 2,265,482 GJ
2. % Grid electricity: 69.79%
3. % renewable electricity: 53%
4. Total self-generated: 12019 GJ
Metrics—Planet Metrics Page 85(1) Total water withdrawn, (2) total water consumed, percentage ofeach in regions with High or Extremely High Baseline Water Stress

RT-CH-140a.1

1. Total water withdrawn: 1,738 thousand m3
2. Percentage of total water withdrawn and consumed from regions of high water stress: 28%
Metrics—Planet Metrics Page 87

Number of incidents of non-compliance associated with water quality
permits, standards, and regulations

RT-CH-140a.2

Total Water-Related Number of Violations: 0
Metrics—Planet Metrics Page 87

RT-CH-140a.3

While water management is a critical and highly-influential topic in some industrial sectors, Avient’s operations are notwater intensive. Normal manufacturing processes are “dry” and water use is limited to sanitary applications and processcooling, with closed loop recycling processes cooling dominating. Further, the vast majority of Avient sites are generallycomparably smaller scale and located in urban or suburban areas. As such, we manage both water and biodiversity
responsibly, and in accordance with applicable laws, but these topics do not reach the threshold of materiality
compared with other operational areas.
Planet—Water and Biodiversity Page 66

RT-CH-150a.1

Total Hazardous Waste: 3,850 MT
Total Hazardous Waste Recycled: 41%

Greenhouse Gas Emissions
Gross global Scope 1 emissions, percentage covered under emissionslimiting regulations
Discussion of long-term and short-term strategy or plan to manage
Scope 1 emissions, emissions reduction targets, and an analysis ofperformance against those targets

Air Quality
Air emissions of the following pollutants: (1) NOX (excluding N2O), (2)SOX, (3) volatile organic compounds (VOCs), and (4) hazardous air
pollutants (HAPs)

Energy Management(1) Total energy consumed, (2) percentage grid electricity, (3)percentage renewable, (4) total self-generated energy

Water Management

Description of water management risks and discussion of strategies
and practices to mitigate those risks

Hazardous Waste Management
Amount of hazardous waste generated, percentage recycled

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Code

Avient Disclosures

RT-CH-210a.1

Our internal team of business and functional leaders and their teams at all levels of the organization assess andidentify key topics for our stakeholders on an ongoing basis to ensure our channels of engagement support ongoingcollaboration. More specifically, we engage with local communities to address identified topics, including sustainability,
emergency preparedness, safety and environmental protection, and employment opportunities. To ensure a positive
relationship, we engage in a number of different ways, such as site management touchpoints with community leaders,
employee community service, and chambers of commerce and other similar memberships. Our process includes a focus
on equal opportunity and respect for all people regardless of religious beliefs, age, race, gender, or sexual orientation,
as fully explained in Avient’s Code of Conduct and its Position on Human Rights. This also includes being a passionate
steward of our natural resources for the long-term health and vitality of our planet. Through continuous collaboration
with local communities, we manage the risks and opportunities associated in the areas where we conduct business.

RT-CH-320a.1

1. TRIR for Direct Employees: 0.51
2. TRIR for Contractors: 0.00
3. Fatality rate for contractors and direct employees is both 0.00
Metrics—People Metrics Page 84

RT-CH-320a.2

Avient’s EH&S Management System (EH&S MS) is managed by its Corporate Environmental, Health, Safety and ProductStewardship Department, and degreed technical experts employed in all regions and businesses. Avient’s Vice Presidentof EH&S and SVP of Global Operations and Process Improvement are responsible for reporting to the EH&S Committeeof the Board of Directors. The foundation of our Management Approach to EH&S is rooted in ACC Responsible Care®.
We established a comprehensive EH&S MS to systemically identify and address any risks. Avient’s EH&S MS is externallycertified and based on the American Chemistry Council’s Responsible Care Management System (RCMS) Standard,
which incorporates the principle of continuous improvement. It applies to all Avient sites and our contractors globally.
People—Management Approach: EH&S Page 19

RT-CH-410a.1$1,175 million
Performance—Sustainable Solutions Performance Page 76

Community Relations

Discussion of engagement processes to manage risks andopportunities associated with community interests

Workforce Health & Safety(1) Total recordable incident rate (TRIR) and (2) fatality rate for (a) direct
employees and (b) contract employees

Description of efforts to assess, monitor, and reduce exposure of
employees and contract workers to long-term (chronic) health risks

Product Design for Use-phase Efficiency
Revenue from products designed for use-phase resource efficiency

Safety & Environmental Stewardship of Chemicals(1) Percentage of products that contain Globally Harmonized System ofClassification and Labeling of Chemicals (GHS) Category 1 and 2 Healthand Environmental Hazardous Substances, (2) percentage of suchproducts that have undergone a hazard assessment

RT-CH-410b.1

1. <5% of 2022 revenue were from products classified as GHS category 1 or 2
2. The majority of our products are not labeled or transported as hazardous materials. Despite this, we are committed tothe process and have completed 40% of prioritized risk assessments.
Products—Management Approach: Product Stewardship Page 51

99

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CodeAvient Disclosures

RT-CH-410b.2

The current and future focus is on continued Registration, Evaluation, Authorization and Restriction of Chemicals(REACH) assessments, reclassifications and communication on the safe use and handling of these substances. Manyother countries are following suit on the EU REACH chemicals regulation or a similar framework. We continuously
monitor similar global emerging regulations and the impact to our product portfolio.
We continue to update Poison Center notifications associated with our European portfolio and monitor risk assessments
associated with the U.S. Environmental Protection Agency’s (EPA) Toxic Substance Control Act (TSCA) inventory reset
rule. We continue to actively monitor the developing regulatory activities at state, national and global levels with respect
to per and poly-fluoroalkyl substances (PFAS). PFAS covers thousands of different substances and definitions of PFAS
differ across organizations, states, and countries. Under the broad definition, PFAS includes fluoropolymers which
are large, stable, inert polymeric molecules. Polymeric, high molecular weight fluoropolymers are too large to crossbiological membranes. They are not water soluble and are therefore not found in drinking water. Avient does currently
use a small amount of fluoropolymers and PFAS containing additives as raw materials which represent less than 3% of
our global product portfolio. Avient does not use PFOA or PFOS in its product formulations.
Products—Global Chemical Management Page 53
Global Chemical Management Policy
Management Approach: Product Stewardship—Strategy Page 51

RT-CH-410c.1

This metric was omitted due to lack of applicability.

RT-CH-530a.1

Avient does not fund political parties or members of government. In the United States, employees at Avient have madeuse of their right to establish a Political Action Committee (PAC), which is a voluntary, federally registered employee
association that collects contributions for political purposes and decides how those funds are used, in accordance with
U.S. law.Performance—The Highest Ethical Standards; Ethics Hotline; Enterprise Risk Management Pages 77, 78, 79
Avient 2022 Annual Report—Form 10-K Pages 8–14

Process Safety Incidents Count (PSIC), Process Safety Total Incident
Rate (PSTIR), and Process Safety Incident Severity Rate (PSISR)

RT-CH-540a.1

1. PSIC: 0
2. PSTIR: 0.00
3. PSISR: 0.00
Metrics—People Metrics Page 84

Number of transport incidents

RT-CH-540a.2

Number of Transport Incidents: 0
Metrics—People Metrics Page 84

RT-CH-000.A

About Us—Revenue by Geography and End Market Page 14
Geography: 40% US/Canada, 37% EMEA, 18% Asia, 5% Latin America
End Market: 20% Consumer, 24% Packaging, 8% Healthcare, 15% Industrial, 9% Transportation, 10% Building andConstruction, 4% Telecommunications, 4% Energy, 4% Defense
Part of this metric was omitted due to lack of availability (production, in units, per reportable segment).
About Us—Revenue by Geography and End Market Page 14

Safety & Environmental Stewardship of Chemicals

Discussion of strategy to (1) manage chemicals of concern and(2) develop alternatives with reduced human and/or
environmental impact

Genetically Modified Organisms
Percentage of products by revenue that contain genetically modified
organisms (GMOs)

Management of the Legal & Regulatory Environment
Discussion of corporate positions related to government regulations
and/or policy proposals that address environmental and social factors
affecting the industry

Operational Safety, Emergency Preparedness & Response

Activity Metric

Production by reportable segment

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Index

Task Force on Climate-related Financial Disclosures (TCFD) Index
Recommended Disclosure

Avient Disclosures

Governance
Describe the board’s oversight of climate-related risks and opportunities

Message from the Governance and Corporate Responsibility Committee Page 4
Planet—Climate Change Page 59
Avient 2023 Proxy Statement Pages 47–49, 51
2022 CDP Climate Change Response—C1.1b

Describe management’s role in assessing and managing climate-related risks and opportunities

Message from Avient's VP of Sustainability Page 17
People—Management Approach EH&S Page 19
Planet—Climate Change Page 59
2022 CDP Climate Change Response—C1.2, C1.2a

Strategy
Describe the climate-related risks and opportunities the organization has identified over the short, medium, andlong term

2022 CDP Climate Change Response—C2.1, C2.2C, C2.3a, C2.4a

Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, andfinancial planning2022 CDP Climate Change Response—C2.5, C2.6

Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios,
including a 2°C or lower scenario

2022 CDP Climate Change Response—C3.1a, C3.1g

Risk Management
Describe the organization’s processes for identifying and assessing climate-related risks

Planet—Climate Change Page 59
2022 CDP Climate Change Response—C2.2, C2.2a, C2.2b

Describe the organization’s processes for managing climate-related risks

Planet—Climate Change Page 59
2022 Climate Change Response—C2.2, C2.2d

Describe how processes for identifying, assessing and managing climate-related risks are integrated into theorganization’s overall risk management

Planet—Climate Change Page 59
2022 CDP Climate Change Response—C2.2, C3.1c

Metrics & Targets
Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy
and risk management process

Planet—Climate Change Page 59
2022 CDP Climate Change Response—C6.1, C6.2, C6.3, C6.5

Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas emissions and the related risks

Metrics—People and Planet Data and Metrics Pages 84–85
Planet—Climate Change Page 59
2022 CDP Climate Change Response—C6.1, C6.2, C6.3, C6.5

Describe the targets used by the organization to manage climate-related risks and opportunities and performanceagainst targets

Metrics—People and Planet Data and Metrics Pages 84–85
2030 Sustainability Goals Page 72022 CDP Climate Change Response—C4

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Index

TCFD Climate Scenario Risks & Opportunities Matrix
The following summarizes Avient’s TCFD climate-related risks and opportunities, analyzed across multiple International Energy Agency (IEA) scenarios.
POTENTIAL IMPACT ON BUSINESSCLIMATE-RELATEDIMPACTSTime
HorizonInability
to remaincompetitive

Regulatory
operations
curtailment

Reducedproduction
capacity

Increased
operatingcosts

Reputational
damagePOTENTIAL FINANCIAL IMPACTS

Reduceddemand for
products

Fines/otherregulatory
impacts

Revenue

Expenditures

AssetsCapital costs

POTENTIAL OPPORTUNITIES
Moreefficientproduction
processes

Emergenceof new
technologies

Increased
marketshare✓✓

POLICY AND LEGAL
Risk of regulatory change(carbon pricing)

S/M/L

✓

Risk of energy disruption

M✓

Opportunity to reduceresource consumption

S/M/L

Opportunity for new technology toenable use of sustainable feedstocks

M

✓

✓

✓

ENERGY TECHNOLOGY

TRANSITION

|

✓

✓

✓

✓
✓

✓
✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

MARKET
Risk of decreased availabilityof raw materials

M✓

Risk of product alternatives

M✓

Opportunity for products with low
environmental impact

S/M/L

✓

✓

✓
✓

✓

✓

✓
✓

REPUTATION
Risk of perceived inadequacyof climate action

✓

M/L

✓

✓

ACUTE

PHYSICALHOME

Risk of extreme temperatures

S/M/L

Risk of hurricanes/wind

S/M/L

Risk of flooding

S/M/L

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

CHRONIC
Risk of drought

S/M/L

✓

S Short: 0–5 years

M Medium: 5–15 years

L Long: 15–30 years✓*For full disclosure of the results as aligned with TCFD guidance, refer to CDP Climate Change Report.

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Index

Reconciliation of Non-GAAP Financial Measures (Unaudited)(Dollars in millions, except for per share data)
Below is a reconciliation of non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. The following pro forma adjustments arereferenced by management to provide comparable business performance by incorporating the APM business in periods prior to the acquisition date (September 1, 2022). Financial information referenced here isprovided to aid in reconciling back to the most comparable GAAP figures.

Year Ended December 31,
Reconciliation to EBITDA and Adjusted EBITDA
Sales

2006
$

2018

2,622.4$2022

3,533.4$

APM pro forma adjustments - 8 months 2022*

256.1

Pro forma sales
Net income from continuing operations – GAAP

3,396.9

$
$

133.5

$

160.8

3,653.0$

83.1

Income tax expense (benefit)

29.7

36.4

(19.3)

Interest expense

63.1

62.8

119.8

Depreciation and amortization

57.1

91.5

162.5

EBITDA$Special items, before income tax

283.4

—

(26.0)

—

(3.0)

(5.5)

(107.0)

—

—

—
142.4

EBITDA as a % of sales

Net income from continuing operations attributable to Avient common shareholders

—
$

408.0

5.4 %

Reconciliation of Pro Forma Adjusted EPS
$

83.1
$

16.2 %

2018
130.9

591.7

11.5 %

2006

Joint venture equity earnings, after tax

346.1

—

APM pro forma adjustments - 8 months 2022*
$

$

194.0

Depreciation and amortization included in special items

Adjusted EBITDA

351.5
59.5

Interest expense included in special items
JV - equity income$(34.0)

$

2022
161.1

(68.5)

$

82.8

—

—

Special items, after tax(21.2)

44.6

144.6

Special items, tax adjustments(30.0)(10.4)(28.4)

Amortization expense, after tax

1.4

19.5

49.0

Adjusted net income from continuing operations attributable to Avient common shareholders

$

12.6

$

214.8

$

Pro forma adjustments*

13.6

APM pro forma amortization expense, after tax*

19.1

Pro forma adjusted net income from continuing operations attributable to Avient shareholders$

Diluted shares
Adjusted EPS attributable to Avient common shareholders

248.0

92.8
$

0.14

80.4
$

* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of debt with net proceeds from the Distribution sale.

2.67

280.7
92.2

$

3.04

2022 Sustainability Report

Challenge Accepted.
This report contains forward-looking statements. Forward-looking statements will give current expectations or forecasts of future events and are not guarantees of future performance. They arebased on management’s expectation and involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in, or implied by,
the forward-looking statement. Some of these risks and uncertainties can be found in the company’s filings with the Securities and Exchange Commission. While Avient believes all informationin this report is accurate, such information is made without any warranty or guarantee and shall establish no legal duty on the part of Avient, its subsidiaries and affiliates. Sustainability metrics
represent 2022 data or 12-month approximate values based on available data from reporting facilities and are often made in reliance on third-party supplier information.

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