LG Chem

The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Fortune Global 500

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

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LG Chem Company Profile, Stock Price, News, Rankings

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AI is empowering agricultural tech companies like Verdant Robotics, which helps farmers use chemicals sparingly and more precisely to save on cost and decrease health risks.

How farmers are using AI to help feed the planet

Tech

Much of the innovation in agriculture. It's been how do we replace slow high cost labor with something fundamentally more efficient. We've kind of gotten to the end of what bent metal can accomplish or what chemicals can accomplish if we're going to produce how we need to and, you know, feed the planet. There's no doubt that automation is, is a preordained thing in that space. Agriculture is one of the largest and most important industries. Funder is a Q tech and tech focused DC and we're certainly one of the most prolific investors in the space. We do a lot in a robotics, you know, is a, is a good example here if you just use, you know, first level, maybe second level imagination to imagine what technology could do on a farm. Um You don't have to stretch yourself that far, but you need some of the best technologists in the world, the wiring harness that you've got here. And that sort of underscores like the, just the level of technical talent that we need to uh need to underwrite uh to, to solve some of these people want low cost food. They also want health food um, and so there's a, there's a whole set of constraints around what the consumer wants and what it costs to produce that and deliver that. You know, I think about back when, when we met Dave, you had people who were coming from the driverless car industry, like, and I mean, foundational engineers and we basically made a bet that these guys that you are not ever going to find a better team, very small farm factor, which allows us to put it on all sorts. And if they cannot do this, it's, it's unsolved there, there's just no one better they're using, I wanna say, 99% less chemical than sort of a traditional solution. This is really important because when you go out on field, you, you, you might normally go and broadly spray everything, right. And chemicals are extremely powerful and extremely useful. Um, but you might not want all that chemical concentration all over what may be your food in the future. But chemicals are also really expensive. So if you can find ways to reduce that, just target that exactly to the plants that you're trying to weeds that you're trying to kill without getting any of, of, of those chemicals on the other plants. Um, so this is a sort of, it's like a triple win, win, win when you think about what this can do on the consumer side and on the business side and the health side, um, for, for these companies, we have that we store all the data on what we do is super precise delivery of atoms on target I feed, spraying down to millimeter accuracy, you know, parking and organic herbicide between carrots that are less than an inch apart. So that ultimately we're saving on labor and also those chemical inputs are used much more sparingly labor and chemical inputs are the number one and number two cost and growing. And so we really seek to bring those efficiencies to our growers so that not only does their bottom line uh change and for the positive. Um but you know, we all get healthier food, healthier soil, that's the game we're in. So this is the business end of the sprayer. You've got your camera systems and lights the box that has all of the things around decision making, understanding the computer camera, sensing the actuators to make that decision and then act on that information to get the atoms on target. The whole implement itself is really just a vehicle to move this decision making application unit through the field. Robotics can come in and solve a problem that people are already paying for. So it's, it's much easier to put a value on that than solutions that may propose themselves as some sort of future ro I no, it does this and this is what you already pay for it. Uh So you know how to value it. I mean, it may not be completely obvious to everyone kind of looking at our, our food system, but it actually operates in some very large silos that, you know, don't really have a lot of feedback loops. That was one of the big things about Benson Hill that I found interesting this connectivity to the end customer. Benson Hill is a, a very innovative genetics company with really a focus on how do we rec commoditize or come up with the version two of soybean that crop is really bred to yield when you're feeding it to poultry or, or any of the other end uses, they then supplementing it with a whole range of different things to make up for its deficiencies. And if you step back and say, well, what if we had a higher protein soybean? Um What if that soybean had, you know, less problems with anti nutritionals? Then you have a much more ideal feedstock. You have a much better fit with your own customer and that's what we've done and that's what we're doing. Statistics is somewhat of a backward looking science and it tells you what's happened. Machine learning has this opportunity to tell you what's gonna happen. So then you say, well, can I use these predictive technologies to tell me earlier on in my pipeline, which candidate products are going to succeed? What we learned was we actually could predict fairly early on if you can get it mostly right. That's a massive advantage. And then you can start thinking about, well, why do I have that next testing stage? If I've already predicted two stages ahead, what's gonna happen? You know, there's a desperate need over the next couple of decades to unlock significant more agricultural productivity and efficiency. You know, the other area is, you know, how do you have a lot to touch on the environment? Historically, there are archaeological records of many societies that denied their land and destroyed their ability to produce healthy food or to produce food at all, keeping the nutrients that you need to grow in the soil so that you have the ability to apply less and use less to ultimately grow more. Uh It's important for, you know, the health of the food that you consume. But ultimately, the health of the farm itself in terms of its ability, that land's ability to produce value, um and our ability to do it for the long term. Uh If we're gonna produce 35% more because the population is going through the roof, we, we have to do that. The impact that this industry has on, on basically every single person in the world. Um You know, Facebook disappeared tomorrow. You know, there'd be sure a lot of people would be upset but the world doesn't end. But if, if food disappears tomorrow, uh the the world certainly does end, right. So, you know, our goal is fundamentally better healthier, more sustainable food system.

Michael Regan, 16th Administrator, U.S. Environmental Protection Agency Moderator: Jeffrey Ball, Scholar-in-Residence, Steyer-Taylor Center for Energy Policy and Finance, Stanford University; Co-chair, Fortune Global Sustainability,  Andre Argenton, Chief Sustainability Officer and Vice President, Environment, Health and Safety, The Dow Chemical Company Jon Chorley, Chief Sustainability Officer, Oracle Kim Marotta, Global Vice President, Environmental Sustainability, Beam Suntory Moderator: Jeffrey Ball, Scholar-in-Residence, Steyer-Taylor Center for Energy Policy and Finance, Stanford University; Co-chair, Fortune Global Sustainability Forum, Vinod Khosla, Founder and Partner, Khosla Ventures Moderator: Molly Wood, Founder and CEO, Molly Wood Media; Co-chair, Fortune Global Sustainability Forum

Global Sustainability Forum 2023 

Conferences

Michael Regan, 16th Administrator, U.S. Environmental Protection Agency Moderator: Jeffrey Ball, Scholar-in-Residence, Steyer-Taylor Center for Energy Policy and Finance, Stanford University; Co-chair, Fortune Global Sustainability

What are the biggest business opportunities in the transition to clean energy? What are the short-and long-term bets companies should be making today? 

CEO Mark E. Newman discusses what it means to be a purpose driven company, impactful leader, and how he is focusing on his companies ESG goals. 

Chemours CEO: “A lot more communication and collaboration are needed in a purpose-driven company”

Leadership

CEO Mark E. Newman insights on leading with purpose

CEO Mark E. Newman shares how to lead with purpose and become an impactful leader. 

CEO Mark E Newman discusses what it means to be a purpose driven company, impactful leader, and how he is focusing on his companies ESG goals. 

Chemours CEO: Good Leaders win the hearts and minds of employees

Is a great company. We were formed in 2015, we have three industry leading businesses were in the pigments business, we're in the refrigerants and we're into advanced material sink floor of polymers, about seven billion in revenue, 6400 employees globally? You know, sustainability is very key to who we are as a company. We started R. E S. G. Journey back in 2018 with the publication of our corporate responsibility commitments or CRC goals. These are really 10 goals that we hope to achieve by 2030 there around, you know, a shared planet around inspired people and an evolved portfolio. So all three pillars of these uh corporate responsibility commitments drive our commitment to E. S. G. The requirements of a purpose driven company. To me start with leadership leaders that engage, inspire and excite about the greater reason for why cameras exists, why we're here and what we're trying to do. So a lot more communication and collaboration uh is needed in a purpose driven company. To be an effective leader. To me requires you to engage and win the hearts and minds of every employee and to really allow each employee to be their true self to begin with and to realize their full potential in the company. And so that to me is the essence of great leadership in a purpose driven company. How do I measure success? It really starts with performance and so clearly all the measures of financial performance, revenue, performance, but it also has to do with our we h achieving our principal purpose. I like to think of it as purpose driven performance. So on the one hand, are we fulfilling the mandate of our vision? And on the other hand, are we exciting others by our performance more broadly as a company? I want to be known for its impact on the world and creating a better world through the power of our chemistry. I want that to be visible in all three of our industry leading businesses, the most sustainable Pigment or T. I. 02 business, advancing climate friendly refrigerants and advancing clean energy and advanced electronics. Be that electric vehicles or hydrogen or the enablement of five G.

Toxic chemicals in beauty products disproportionately impact people of color, leading to health issues such as infertility and cancer. Here’s how activists and companies in the clean beauty industry are trying to change things.

The fight against toxic beauty

Health

Toxic chemicals in beauty products disproportionately impact people of color, leading to health issues such as infertility and cancer.

I think many consumers feel that if something is available on the shelf at the store, then it's safe. And that's not always the case, we know that people of color are disproportionately affected by toxic chemicals and consumer products across the board. The good news is that the more that we're aware of this, and the more that we're pushing for accountability and change along the supply chain, the more we will have a positive impact and this is solvable. The clean beauty segment or the natural beauty segment is growing rapidly. We can make change in this industry and across industry to ensure that we just clean up our act. Unfortunately, products that are marketed to Women of color often contain more toxic chemicals than products marketed to white women. Whether it's chemical hair strainers that are known to have formaldehyde. We can talk about skin lightening creams that have mercury systems of power and oppression such as racism and Classism and sexism may impact our beauty worms, consequent beauty rituals, chemical exposures as well as health outcomes across a life course, Women of color are major consumers of the beauty industry's. They're not only using more products, but there are likely to be using products that have a greater toxic load. Beauty ideals, both in this country as well as across the globe are very much informed by systems of power and oppression such as structural racism, colonialism and essentially Eurocentric beauty norms really are the pervasive ideal that impacts all of us with white femininity really being at the top of this beauty hierarchy, very lovely crystal right beauty cream. The closer you are to the top of our pyramid, white femininity, the more social and economic benefits you'll be afforded. And so that propagates certain types of products that are heavily promoted, heavily marketed. Two women of color to help them attain that. Look, I'm a black woman. I remember I was 12 years old when I got my first hair relaxer for 20 years. Um I was I was doing that with my hair and I didn't realize the potential health risk seeing the disproportionate youth and products that were marketed to people like me that really hit close to home. Sadly a lot of the chemicals that you would find at a hazardous waste site are also found in our beauty products, largely because they do remain unregulated. So there's lead it's particularly of concern because it can have irreversible impacts on the brain, especially Children's brain. There's mercury, which is also a known human carcinogen. There could be asbestos in talc related products, another known human carcinogen. There's satellites and parabens process of chemicals called endocrine disrupting chemicals which can mimic hormones in our bodies even at small amounts which are particularly of concern to reproduction. So there can be many chemicals in a product that aren't listed on a label. So for example, because of trade Secret laws, companies don't have to disclose the specific chemical ingredients in the fragrances and certain products. So they can just list fragrance, even though fragrance can include 100 different unique chemicals, some of the conditions that disproportionately, for example, impact black women that may be linked to chemicals in these products include asthma related outcomes, pregnancy outcomes such as preterm birth, pregnancy related complications that may impact maternal mortality, such as pregnancy related hypertension, gestational diabetes, impaired learning and development in Children. As well as a whole host of different types of cancers. Women who used hair relaxing products as a child, they have a 40% greater risk of early onset period, which is a risk factor for breast cancer. The law around beauty products haven't been updated since 1938, that was before World War II. That's absurd to protect consumers, the Food and Drug Administration and the Federal Trade Commission, respectively. Keep careful watch for harmful ingredients in cosmetics and for misleading claims and advertisements. The FDA, The agency that is supposed to oversee this industry doesn't have quite frankly the power that it needs to actually do anything. The FDA doesn't know how many cosmetics are on the market in this country. It can't do a recall of something. So it's a really weak law basically useless and we really need reform. There have been bipartisan efforts to update that law, but those have failed in the absence of that. Certain states have started regulating what's in Personal care products. So in an under regulated space, what could we do differently to make the space as products possible and advocate for change credo is the largest clean beauty retailer in the United States for credo, the way that we define clean Credo. Clean standard is really the nexus of safety, sustainability and ethics all held within the through line of transparency. The credo Clean Standard is about 28 pages, very comprehensive guideline that all of our brands have to sign and adhere to. We're trying to accelerate companies free formulations and introduction of safer cleaner beauty products for women of color. Clean Beauty should be about creating products that have the lowest environmental impact and lowest health impact. It's not just about eliminating the toxic chemicals But ensuring the youth and the adoption of favorite chemicals. The global beauty industry is at this point over $550 billion beauty is still an emerging part of that. There's more companies that are trying to make green products. There's also retailers that are trying to have an influence on what's being sold on their shelves. So for example, Target and walmart now have chemical policies on the book, 99 cent stores unfortunately don't and that's still a place where a lot of people buy their products. A lot of clean beauty products really are situated or being promoted at higher end stores right, that may not be accessible to many women of color. One of the things that is important to us at E. D. S is that there's a democratization of clean beauty. The process of making clean products for everyone needs to be a holistic one. So certainly we need to be more of a demand and more investment from investors and from brands at the beginning of when they're conceptualizing products, making sure that there are products for everyone, either targeted especially for certain needs, especially textured hair, for example, or making sure that you have a product that can really serve a wide variety of customers. But I also think that we need to invest more in the industry in terms of just really taking a step back and saying, who is at the table, we need more women and more women of color in positions of power, whether that's as an investor or as an entrepreneur or as chemists and formulate Urz, it's time for companies to really recognize that the ingredients that they may have been using all this time, there are better solutions. We absolutely continue to need a sea change across the entire beauty market. So that means every brand, every retailer and every ingredient supplier putting at the core safer ingredients. We're seeing that customers really want safer, more sustainable products, more equitable products, more transparent products and they're willing to reward those companies that are doing that work with their dollars

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