Driving Sustainable Futures
July 21, 2022
Francesca Reverberi, Senior Vice President and Chief Sustainability Officer
Sustainability is at the core of Trinseo’s mission and vision, and in 2021, the Company made a key strategic maneuver to unify its sustainability initiatives under my leadership as Chief Sustainability Officer.
Our recently launched Sustainability and Corporate Social Responsibility Report highlights how this positioning has accelerated our sustainability journey. The report features some of our many highlights from this past year—we were the first provider of recycled polystyrene for food packaging, established our new Dublin Global Business Services hub, and acquired two new businesses to become a global manufacturer of PMMA.
To reflect Trinseo’s transformation on our sustainability journey, we made several strategic changes to the 2022 Sustainability Report:
Implementation of TCFD
We began to implement disclosures with reference to the Task Force on Climate-related Financial Disclosures (TCFD), which aligns our sustainability reporting with climate-related ﬁnancial disclosures that are valuable to our investor community. These disclosures are structured around four thematic areas that represent core elements of how companies operate: governance, strategy, risk management, and metrics and targets. This helps financially quantify how a sustainable environment would impact a company. In addition to TCFD, we continued to align our reporting with the Global Reporting Index (GRI) Standards and the Sustainability Accounting Standards Board (SASB).
Publication of the Core Impact Report
To complement Trinseo’s Sustainability Report, we published a Core Impact Report to provide a holistic view of how the Company defines, creates, and disperses value. The structure of this report takes inspiration from the Integrated Reporting concept of value creation.
As part of this, we developed a Value Creation Chart to showcase how Trinseo intakes and disperses value through five themes: financial, operations, innovation, people, and environment. At Trinseo, value has both a tangible and intangible meaning—it is both the profits we earn, as well as the impact we have on our employees and communities. This understanding of value is established in the items we selected to reflect our 2021 sustainability journey as defined by our Core Values, Mission, and Vision.
Restructuring of Governance
Aligned with Trinseo’s investment in unifying our sustainability strategy under my leadership, we also decided to dedicate additional resources to sustainability services that provide the foundation for our roadmap to success. In this endeavor, we established the Sustainability Business and Services (SBS) Team to oversee four key areas:
The SBS Team provides services and insight into sustainability for Trinseo’s corporate and business units on strategic direction, investment opportunities, and communications. This enables us to work laterally across the Company to best strategize the implementation of sustainability initiatives across the businesses.
We are continuing to build momentum in our strategic implementation of sustainable products, procedures, and practices, and demand better from those in our value chain. I am honored and excited to see what the future holds as we strive toward our 2030 Sustainability Goals.
For more information on Trinseo’s 2022 Sustainability and Corporate Social Responsibility Report, visit Trinseo.com/Sustainability.