Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, announced the release of its 2019 Sustainability and Corporate Social Responsibility (CSR) Report, which showcases how Trinseo is meeting or exceeding the highest standards of safety and environmental performance, while developing innovative solutions that benefit our world. This is the ninth report since the Company’s formation in 2010, and has been prepared in accordance with the Global Reporting Initiative (GRI) Standards Core Option.
This year’s report marks one full year since the adoption of the GRI framework for public sustainability reporting, building off of last year’s GRI-referenced report. GRI is the leading independent organization providing a common language and framework for public sustainability reporting, allowing more global comparability and better quality of information about company sustainability impacts.
“Trinseo is a value-driven organization, and this report underscores that the tenets of Responsible Care®, respect for and commitment to Environmental, Health, & Safety, and sustainability are paramount to our organization at every level and in every decision we make,” said Frank Bozich, President and CEO. “Pairing that with our core purpose of collaborating with our customers to deliver materials solutions that address key market megatrends relating to the environment, we are well poised to lead the way to a more sustainable future for our company and the industries we serve.”
With this milestone achieved, Trinseo has enhanced its commitment to transparency, integrity, and accountability in its global reporting. Highlights from the report include:
Stakeholder engagement and materiality assessment: Trinseo conducted its first materiality assessment, a process that distilled the interests, requirements, capabilities, and insights of the Company’s key stakeholders and business leaders to determine material topics for Trinseo. These 14 material topics, which include sustainable procurement, environmentally responsible operations, circular solutions, climate strategy, and labor and human rights, among others, then shaped the content of the report.
Environmental footprint reduction: Since its first report in 2011, the company achieved a number of notable reductions in its environmental footprint, including reducing electricity usage by 10 percent, water consumption by 31 percent, Greenhouse gas emissions (from sources owned or controlled by Trinseo) by 48 percent, and total waste down 36 percent.
Workplace safety improvement: Trinseo’s recordable injury rate for 2018 was 0.21, a rate that is significantly lower than the average rate for manufacturers and the American Chemistry Council (ACC) member companies. This was due in part to the Company’s creation of Safety on Purpose, a behavioral improvement training program that encourages interactive and constructive interactions about safety.
Collaboration with customers to create sustainable product solutions: Trinseo products highlighted in the report include smart home products that help consumers to monitor energy usage; vehicle lightweighting to improve fuel efficiency; lightweight footwear solutions with a reduced environmental footprint; binders that improve impact battery life; and synthetic rubber products that meet the demands of a high-performance tire market.
The report also offers key programs and progress relating to Trinseo’s business and operations, people, product safety, ethics and compliance, volunteerism, and Responsible Care®.
“We’re proud to present this report, which highlights much of our journey toward GRI alignment over the past year and our efforts to implement enhanced sustainable practices across our value chain,” said Walter van het Hof, Global Industry Affairs and Sustainability Leader for Trinseo. “While we are proud to share Trinseo’s operational, material innovation, and social responsibility results from this past year, we are even more gratified to review and acknowledge the work that goes into driving long-term, positive change.”
Trinseo’s Sustainability and CSR report is available online at www.trinseo.com/sustainability.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.8 billion in net sales with 2,700 employees globally in 2019. For more information, please visit: www.trinseo.com.
This press release may contain “forward-looking statements” including, without limitation, statements concerning plans, objectives, goals, projections, expectations, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like “expect,” “estimate,” “will,” “may,” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on the Company’s current expectations and assumptions regarding the impact from the COVID-19 pandemic, the Company’s business, the economy and other future conditions. Specific factors that could cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, risks related to the ongoing impact of the COVID-19 pandemic and those discussed in the Company’s Annual Report for the year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”), in subsequent Quarterly Reports on Form 10-Q and in other filings and furnishings made by the Company with the SEC from time to time. Other unknown or unpredictable factors could also have material adverse effects on the Company’s performance. As a result of these or other factors, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and are not a guarantee of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.