Huntsman (HUN) Status Update summary

Regulatory landscape and sustainability drivers

• Construction sector in Europe consumes 50% of raw materials, produces 40% of greenhouse gas emissions, and generates 30% of waste, making it a key focus for EU sustainability legislation.

• The European Green Deal and related regulations (Ecodesign, Construction Products Regulation (CPR), Green Claims, Green Public Procurement) are driving sustainability requirements for construction products.

• New and revised regulations will require products to meet stricter sustainability, circularity, and transparency standards, including carbon footprint disclosure and minimum recycled content.

Timeline and implementation of new regulations

• The revised CPR will be published by late 2024, with initial product carbon footprint disclosures expected by mid-2025.

• Insulation products are prioritized, with harmonized standards including sustainability criteria due by Q2 2027 and full environmental indicators required by 2033.

• Digital Product Passports will be introduced for insulation products by 2028, enabling transparent communication of environmental data.

Industry adaptation and product innovation

• Manufacturers must integrate durability, chemical safety, repairability, disassembly, waste prevention, and recycled content into product design.

• Third-party verification and plant inspections will be required for sustainability declarations, increasing legal responsibility and scrutiny.

• Huntsman is advancing closed-loop recycling, bio-based binders, and mass balance approaches for MDI, and phasing out substances like TCPP and fluorinated blowing agents.