Document bBnRYnRq3n7bV1ND7pLEJ91pZ

n/M ,r (LSTM -- * ~ \ Cc DATE: June 18> 1997 subject: REFERENCE: Establishing ESH Policy For The New Company T0: Jim Collins - F2EF Jeff Felder - F2EC Mike Foresman - F2EA Garth Fort - F2EI Steve Hacker - F2EP John Henshaw - F2EP Dan Jaffe - A2NH Max McCombs - F2EP Jim Mieure - F2EC Melanie Price -1440 Tony Sardella - 5080 Gene Stevens -1260 John Wiley -1690 Colin Wiltshire - 5045 cc: Attached is the most recent copy of the presentation to the Chemical Leadership Team on establishing ESH Policy for the new company. Also included is the work done on analyzing the Pledge Guidelines and their continued value under a Chemicals Company program. The Leadership and Policy teams have given approval to the recommended standard of care and the commitment statements. We now need to engage the businesses, O.E., and other business process leads in developing the specific strategy and tactics that complete our policy/guidelines package. In order to move to the next step, we plan two approaches: The business unit ESH contact should set a time for a review with each business leader and his/her team. I believe it is best that Garth and/or I make the initial presentation. ------- ------ DSW 122818 STLCOPCB4032763 6/18/97 Memo Page 2 2. The regulatory leads will take up the discussion at their regional site managers meetings and with the ESH site leaders. We should accept the decision of the Leadership and Policy teams on the commitment statements, and engage the businesses and O.E. in consensus building of the specific strategies and tactics under the commitments. I would expect that a successful first meeting would produce: Further comments on the commitment statements. An agreed process within each business on how to build strategies and tactics. A schedule to complete the work by 10/1. We can discuss this further at our staff meeting on 6/27, but you can proceed to set meeting dates with the businesses after 6/27. ------------------------------------- Attachment DSW 122819 STLCOPCB4032764 PRESENTATION Value Alignment Desired Outcomes Options Discussed Commitments Statements Strategies i What do we retain? What do we discard? What do we add? "Does Improving A Firm's Environmental Mangement System Result in a Higher Stock Price?" Study, real-world data 300 Largest US companies - Feldman, Soyka and Ameer Conclusions: Sound Environmental management leads to reduced risk and risk reduction is valued by financial markets...can increase stock price by 5%... Reasons: Direct cost reduction benefits... Perceived as being less risky business entities... ...therefore are accorded a lower cost of capital Key: Excellence must be recognized by market... communications of plans /progress critical JDSW 122821 o oo SET C/> rv tvj O 03 o t\J 0 f\J O DO U ow Isv)l The Most Relevant Analyst Questions Strategy arid Vision Does the company have a global environmental policy? Is there an environmental program with objectives and measures? How is progress measured versus main environmental problems/opportunities of the company? What is the impact of environmental strategy on shareholder value? Does implementation fall into line responsibility? Is the company alert to emerging environmental issues? How does the company deal with risk and crisis management? Market Value vs. "Quality" of ESH Effort Total Resources Shareholder Value Pyramid Shareholder Vahe Vahe Contributors Value Drivers OSW 122a24 STLCOPCB4032769 ISSUES Standard of Care Pledge Items Dropped Decision on New Elements Internal Approval Process Desired Outcomes Produce a Strategy / Plan That: Results in safe and sustainable operations and products Complies with regulations Results in a motivated work force that drives continuous improvement Maintains existing credibility with all audiences and is valued by them Maintains momentum i Is clearly integrated with company mission statement Causes the ESH components to be viewed as a contributor to achieving financial goals via risk management, cost management, new business development, etc. STLCOPCB4032772 ID D 2 D CO s: fo fsj 0M3 REGULATORY: ASSETS: PRODUCTS: PEOPLE: COMPLY w/FINES FUNCTIONAL SALEABLE HOLD HARMLESS PROCESS: RELIABLE COMPLY RISKS TOLERANT SAFE TO EMPL. ACCEPT IN AVERAGE COMPLY 100% COMPLY 100% RISK ADVERSE RISK ADVERSE SAFE TO CUSTOMERS DIFFERENTIATED INJURY/ILLNESS RATE INJURY/ILLNESS LOW FREE HIGH YIELD INPUT = OUTPUT LOW RISK STANDARD OF CARE ACCOUNTABLE PROTECT RESPONSIBLE SHORT TERM FOCUS ON INCOME VS. LONG TERM LIABILITY DEFERRED CAPITAL MEETS INDUSTRY SPENDING EXPECTATIONS AVG. COST AV. VALUE. MOTIVATED EMPLOYEE LOWER COSTS DECENTRALIZED POLICY MAKING SUSTAINABLE LOWER COSTS LEADER CREDIBILITY REQUIRES SHORT TERM INVESTMENT LONG TERM NET VALUE SHOULD ALIGN WITH GROWTH PORTIONS OF PORTFOLIO PREMIUM PRICE FOR PRODUCTS OUTCOMES STANDARD OF CARE ACCOUNTABLE PROTECT RESPON. SUST. MAINTAINS MOMENTUM - - 0+ MAINTAINS CREDIBILITY - - 0+ INTEGRATED WITH BUSINESS MISSION - - 00 SAFE & SUST. OP. & PROD. ' - .- 0 0+ MOTIVATED EMPLOYEE .i 0- . o+ STLCOPCB4032773 ESH VIEWED AS CONTRIBUTOR 01 0 00 N) IS) C hJ OD A "PLEDGE-LIKE" STATEMENT: We will ensure our operations are safe and pose no undue risk to employees, customers, the environment and communities. We will make products that are safe for intended use and sustainable. We will keep our operations open to our communities, and foster open communications with all of our stakeholders. We will continue to improve the sustainability of our businesses by improving their economic and environmental efficiencies. We will encourage active participation in and positive contributions to environmental areas by our employees. & <s> fv Vs f\J 00 r\j v> STLCOPCB4032774 COMMITMENT: We will ensure our operations are safe and pose no undue risk to employees, customers, the environment and communities. STRATEGY: Achieve total compliance with ESH requirements while striving to achieve incident/injury free operations over 10 years. OSW 1 2 2 8 3 0 COMMITMENT: We Will make products that are safe for intended use and are sustainable. STRATEGY: Fully implement Product Stewardship Code of Responsible Care and reviewed by management by the end of 1998. A Sustainability Assessment will be required for all new products. o <s> s: Kj CuD> STLCOPCB4032776 COMMITMENT: We will keep our operations open to our communities, and foster open communications with all of our stakeholders STRATEGY: We will maintain proactive dialogue with employees, customers and the public worldwide on ESH matters. o {/> sc N) CUND)) STLCOPCB4032777 COMMITMENT: We will continue to improve the sustainability of our businesses by improving their economic and environmental efficiencies. STRATEGY: Systematically increase raw material and energy efficiencies (make more or less) Search for technology and operational improvements Maintain 90% air commitment t) oo sc N) ho CD U> STLCOPCB4032778 COMMITMENT: We will encourage active participation in and positive contributions to environmental areas by our employees. STRATEGY: Use special enterprise recognition programs and site-specific initiatives. NEW ELEMENTS Sign CERES Replace Deep Well Policy with "Make more with Less" Add "New Product" sustainability Compliance Process date o GO s: k> r\j CD cj STLCOPCB4032780 Decision/Communication Plan Policy Committee Decides on "Standard of Care and Commitments Operations/Leadership Committees build the Strategy/Tactics Internal and External Communication Plan June Aug./Sept. Sept/Oct. CROSS REFERENCE: Pledge Manual and Responsible Care Pledge Manual Responsible Care Codes Pollution Prevention Pollution Prevention, Practices 1 through 11, except Nos. 4 and 8 Employee and Community Safety and Health Process Safety Employee Safety and Health Process Safety and Emergency Response Product Stewardship Chemical Distribution Groundwater and Soil Quality Community Awareness and Emergency Response Process Safety Community Awareness and Emergency Response Product Stewardship Distribution Pollution Prevention, Practices 13 and 14 Outside Processors * Community Awareness at Manufacturing Sites Pollution Prevention, Practice 12 Pollution Prevention, Practice 12 Community Awareness and Emeregency Response, Practices A1 thru A9 Pollution Prevention, Practices 4 and 8 DSW 122837 STLCOPCB4032782 Sheetl .... ....... .... Pledge Program 1. Commitment: Safe Operations, No Undue Risk (Includes 1 Envi ronnlenl al Ris VThreat Containment) Program Element '' ' ' 0oc) .S n Eo p 4*2 Eo> S Jt E 0) o> (0 m O ad0>: tco>aJt. oa(aA. QO D ' ' ' ' ...... i ' ' " ..... . Recommendation ~'1 1.1 Policy for Zero Effect PCB-Free in the U.S.A. -- XX X X KEEP. Integrate into Commitment statement. Revise. Essentially done. Change to a maintenance-oriented requirement. 1.3 13 . 1.3 1.3 1.3 No landfill of acutely hazardous or incinerables Manage wastes as if they were hazardous, if criteria met Medical Wastes to be incinerated, manifested Monsanto not a commercial waste disposer Land Application of wastes requires assessment, approvals X -- X X X DROP. The LDR program has basically mandated that hazardous wastes, including ignitables, must be treated before landfill. X KEEP. A reasonable approach. The rules fail to capture all high-threat wastes as "hazardous". X KEEP. Good protection at low cost. KEEP. Simply requires policy-level approval to get into waste disposal business. X KEEP. Land application is high risk, in that any cleanup will involve large land areas. 1.4 Assessment of air emissions X X 1.4 Assessment of water discharges XX 2 Policy for Employee, XXX Contractor, Community Safety 2.1 Health Surveillance and XXX Assessment L,, REVISE: This policy as written has "past its time", but the Core Team has recommended new language/program to deal with the "residual risk" issue after MACT. REVISE: This policy as written has "past its time", but the Core Team has recommended new language/program to deal with the risk issues likely to emerge on a watershed basis in the future; this needs critical consideration. i KEEP. These are reasonable principles that should guide our actions. Consider adding contractors to Commitment statement. KEEP, but more clearly focus health assessment language on workers workplace exposures. OSW 1 2 2 8 3 8 oCO Isv)l Page 1 00 Sheetl Compliance iResp. Care : Beyond Resp. Care Pledge Program Program Element Eo> S 1MC Recommendation 2.2 23 2.4 & 3.4.9 2.5 Data Management, workplace materials and exposures Reviews and Guidance (safety audits, LP&EC reviews, compliance with policy/stds Spill Prevention XX XXX XX Personnel Training and Security X X KEEP. A right to operate, defense and management necessity. Drop the reference to MARS. KEEP. A right to operate, defense and management necessity. X KEEP, but REVISE to reflect the new 75% by year 2000 goal, as agreed to by the MLC. KEEP. A right to operate issue. 3 Policy for Process Safety/ XXX Emergency Response 3.1 Process Development and XXX Design 3.2 Project Reviews XXX 3.3 High Hazard Materials (HHM) X X Program' 3.4 Operational Safety XXX Management (procedures, training, contractors, MOC, audits, investigations) 3.5 Emergency Response XXX 5 Policy for Safety in Distribution X X X KEEP. KEEP. Right to operate and management tool. KEEP. A right to operate issue. KEEP. A right to operate issue. KEEP. A right to operate issue. KEEP. A right to operate issue. KEEP. Consider adding carriers/distributors to Commitment statement. 5.1 Incident Reduction (in distribution) 5.2 Safety Standards for Warehouses and Terminals 6 Policy/goals for groundwater and soil quality XXX KEEP, but edit out Ag references. X X X KEEP. Reasonably needed to assure right to operate. XX KEEP. These are reasonable statements of the principles under which we must operate Sheetl Pledge Program Program Element 0ocn) o. Eo oE> S X 0kCQ). O OQ(ft. sra> co>0a) oaMfl).. oE DO DC Recommendation Groundwater Assessments at X X X REVISE to reflect that this is a continuing proqram at acquired sites and at Major/Contaminated Sites sites that have issues; no longer a new initiative. 6.2 Groundwater Protection X X X KEEP groundwater protection plans, facility design stipulations. Recommend that we STRENGTHEN our position on impoundments except for post treatment or stormwater storage. 6.3 Superfund Site Actions XX KEEP, these are reasonable actions that we are likely to take even without this requirement, to minimize cost and maximize public acceptance. _-- -- Policy for Outside Processors XX KEEP. 7.1-7.2 Selection, Assessment and XX KEEP, this program was recently overhauled. Approval of Outside Processors 9 Policy for ESH Reviews of XXX Capital Projects 9.3-9.5 Procedure for project reviews X X X 10 Policy for ESH Reviews of XXX Acquisitions and Divestitures 10.3-10.5 Procedure for A&D reviews XXX 11 Policy on Compliance with Laws X X X and Policies 12 Policy and Procedures on Reproductive Hazards in the Workplace 13 Policy and Procedures on Safe X X X Handling of Carcinogens 14 Policy and Procedures on XX Contractor/Guest ESH Standard KEEP. Assures new projects are compliant, risk averse, protective of health and the environment. REVISE to reflect the new Chemicals nomenclature, organization. KEEP. An essential element for compliance, safety, health and financial Skoals. REVISE to reflect the new Chemicals organization. X KEEP, but revise the title, if kept, to focus on sites where the company does have operating control. Title is misleading, content of policy is not. X KEEP. I^EEP. KEEP. . STLCOPCB4032785 Page 3 Sheetl Pledge Program Program Element oocm Q. Eo q sEo> (0 2a O adtoo: 2ra a o o>d>. ataot. D D Recommendation 16 17 New New New Policy and Procedures on Use X of Ozone Depleting Chemicals X Policy and Procedures on ESH X X X Auditing VPP Program; Achieve Star Status at all Sites Network to Implement Behavior Modification Safety Principles -- ...ESH Compliance Management Systems KEEP. This is a recent addition to the policy inventory, is probably more applicable to Chem than to LS. Not overly strenuous as written, but solid direction. KEEP. Update to new Chemicals nomenclature. X ADOPT, with goal of all sites with Star status by 12/97. X ADOPT, with goal of having programs in place by end of 1998. X ADOPT, with goal of having all sites verified essentially compliant by end of 1999. Filed as [Ityjcommitl .xls -- --- - - ........ ....... - ...... -------------------- ----......................... .....-------------- -------- STLCOPCB4032786 to to a: r\j fv oo t- Page 4 Sheetl ............ --........ II. Co mmitm<mt: Prod uct Stewardship Pledge Program Program Element ooera> a. Eo p M E CO E S(S* o a. (Q0> oc Tco>aJ>> n Oawa>.. oa Recommendation 4 4.1 4.2 4.3 15 New New New New Policy for Product Stewardship . X X X ESH Information and Risk XXX Characterization (re. products) Risk Management System XX Principles and Key Elements X X X (info for R&D, tollers, to/from customers, suppliers) Policy and Procedures on Use of Animals in Research Product Stewardship Code X Compliance Review of Business Product Porfolios Product Stewardship Training Program for R&D Use of NPPD Process to Drive Sustainability KEEP. An evergreen statement. X REVISE marginally to accommodate planned IT improvements on info management. Toxicology Section assembly process can be revised. KEEP. Still don't know all minor uses of all products in U.S. or Europe, although excellent progress has been made in Canada. KEEP and UPGRADE. Incorporate principles into NPPD process. Expand "employee" feedback to be "stakeholder" feedback. Strengthen discipline in assuring data transmittal to tollers. . X DROP. A much diminished issue in a Monsanto without pesticides, pharmaceuticals. ADOPT, with all "gaps" identified and closure plans developed and reviewed by management by end of 1998 X ADOPT, with goal of screening all portfolios to identify sustainability opportunities and threats by end of 1998. X ADOPT, with pian to develop ESH/Product Development training to impact product/process selections. X ADOPT plan to evaluate opportunities with the NPPD process which has integrated sustainability concepts into its evaluation. Filed as [Ityrjcommit2.xls O m s: ..... -- --- -- .... ...............--..... -...................................................... - rMo cc rrv Page 1 STLCOPCB4032787 Sheetl III. Commitment: Operations Open To Communities; Open Stakeholder Communications Pledge Program Program Element 4ocra) Q. oE o EO) (0 ra O dw Si rSa> ooc>0). o0a). n ec Recommendation 3.5.5 8 TT New New Communication of Potential Policy on Community Awareness at Mfg: Sites _ Community Involvement and Dialogue________________ Info, on Chemical Releases/ Incidents______ Annual ESH Progress Report Pursuit of Sustainability New__ CERES New Telephone Access x KEEP. x x KEEP. A right to operate need. x x KEEP. Assures right to operate. x x KEEP. Essential elements of a good community relations dialogue. x x ADOPT goal to issue an annual progress report. x ADOPT intent to actively seek opportunities to work collectively on global sustainability, including in development of strategic philanthropy. _ x ADOPT and execute plan to sign CERES principles. ______ x ADOPT and execute plan to establish "1-800" number for ESH/sustainability calls. Filed as [lty]commit3.xls STLCOPCB4032788 o oo Kj is; 00 Page 1 Sheetl IV. Commitment: Ec<>noimiciilly/ Environmentally Efficient Operations Pledge Program Program Element iOuc a Eo Ea os> O T3 Ora dwo o>a>% a(r0a cc X) 0 Recommendation 1 1.1 1.1 1.1 1.2 1.2 1.2 1.3 New New New Policy for pollution prevention XX Statement: Toward Zero Effect; XX heirarchy of methods 70% Waste Reduction Target, XX future program for effects- based target Inventory of waste generation X Deepwell injection of Haz. Waste and SARA 313 chemicals Contingency Plan for Deepwell Withdrawal No new uses of Deepwells, unless approved at policy level Record of commercial waste X treatment, disposal Process and environmental X efficiency in new processes and projects Target New Environmental X X Efficiency Goals Efficiency Review of Processes X X KEEP, integrate into Commitment statement. KEEP NEED NEW pollution prevention program with goals, with emphasis on sustainability (see below). KEEP X DROP. Replace with a robust pollution prevention program, with emphasis on sustainability (see below). X KEEP. Makes good sense to be ready for this eventuality. X KEEP. Keeps pressure on deepwell sites to look for viable options. X Keep, a must if we get called under Superfund. X ADD a program element to assure review of process/project materials selection and utilization in project reviews. X DEVELOP and ADOPT improved pollution prevention program based on ^ustainability principles, including focuses on: 1) lowering TRI releases as___ % of production 2) lowering deepwell losses as___ % of production 3) developing C02 emissions target by the end of 1995. X ADOPT plan to complete efficiency/sustainability review of all processes for improvements, by end of 1997. STLCOPCB4032789 Page 1 Sheetl Pledge Program Program Element New Technology Development New Business LRPs New Waste Reutilization aacmt & oE Eos> a 0k<0). a o Ora da(0) o>a>T(0. a dq a. Recommendation -X X ADOPT plan to evaluate technology partnerships for ESH needs on a continuing basis. X ADOPT plan to ESH/stewardship status and needs in LRPs for businesses. X X ADOPT plan to use industry and regulatory contacts, TRI lists and Internet to develop list of potential wastes for recovery/sale and commit a small amount of research budget. Filed as [ityfjcommit4.xls -- -- -- ..... - --.....-- -...........-...............-...............-....- -...... ........ ................ -...... ....... _________ _________ :______________ ____ STLCOPCB4032790 o co sc tsj rv CD cn Page 2 i Sheetl V. Act ve Employee Participation Program Element oo c to Eo> a. S oEo Employee communications Annual award program used to track & reward performance Employee survey to determine attitudes and needs TO na DCo>Qi zaiaen>.. Recommendation ADOPT with 9/98 target date. ADOPT................................... ADOPT with 1998 target date. Filed as [lty]commit5.xls STLCOPCB4032791 o ro ro CP -p O' Page 1