Trinseo (NYSE: TSE) a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, improved its 2018 CDP rating (formerly known as the Carbon Disclosure Project) to a “B minus” in both Climate Change Disclosure and its Supplier Engagement Rating (SER), which measures a company’s effectiveness in engaging their suppliers on climate change.
The increase places Trinseo in the top 25 percentile of chemical sector companies in accordance with CDP ranking (53 out of 215).
Trinseo has a strong commitment to sustainability and corporate social responsibility which are core components to the company’s values and strategic priorities. The improvement came because Trinseo is in the process of developing a climate change strategy which in turn, granted the ability to disclose more information to CDP.
“With our increased efforts in the area of Sustainability and Climate Change, we are very pleased that Trinseo has been awarded with a B- score this year,” says Catherine Keenan, Trinseo’s Vice President Public Affairs, Sustainability and EH&S. “We have many customers who watch our CDP scores and have asked us to improve, so will continue to sharpen our focus on climate change and sustainability in 2019. The CDP keeps raising the bar each year, so we will need to keep driving progress and business engagement to maintain our scores.”
Formerly known as the Carbon Disclosure Project, CDP is a global environmental impact non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. More than 7,000 companies with some 50% of global market capitalization disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions that disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. Link for more information: https://www.cdp.net/en/articles/companies/worlds-top-green-businesses-revealed-in-the-cdp-a-list
The Supplier Engagement Rating (SER) is allocated when an organization’s average upstream emissions are around 5.5 times greater than their direct operations. Because of this, organizations have much greater potential to reduce global emissions by influencing their supply chains. The SER provides a score for how effectively companies are engaging their suppliers on climate change. CDP assesses performance on supplier engagement using a company’s response to selected questions on governance, targets, scope 3 emissions, and value chain engagement in the CDP climate change questionnaire. The SER methodology is available on CDP’s guidance page.
Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, appliances, consumer electronics, medical devices, electrical, building and construction, textile, paper and board, footwear and tires. Trinseo had approximately $4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees. For more information visit www.trinseo.com