Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, has been awarded a Silver Medal from the EcoVadis Corporate Social Responsibility (CSR) Rating assessment. The recognition is announced each December and the title is valid through the following year.
Since its founding in 2007, EcoVadis has become a trusted partner for procurement teams in more than 450 leading multinational organizations to reduce risk and drive innovation in their sustainable procurements. The world's most trusted business sustainability rating agency assessed more than 60,000 companies in 198 industries and 155 countries.
“We are proud of the strides made to grow our sustainability program at Trinseo,” said Walter van het Hof, Global Industry Affairs & Sustainability Leader. “Our 2019 Sustainability and Corporate Social Responsibility Report marked the first full year of measuring performance with the Global Reporting Initiative (GRI) standards. This recognition is well-deserved and reflects the importance of our adoption of the GRI framework for sustainability reporting.”
The EcoVadis CSR rating measures the quality of a company’s CSR management system – through its policies, actions, and results. The assessment focuses on 21 issues, which are grouped into four themes: Environment, Labor Practices & Human Rights, Fair Business Practices, and Sustainable Procurement. The issues assessed and their relative weight vary based on the company’s activities, size, and geographic location.
Trinseo’s overall score placed in the top quarter of all assessed industry peers while also ranking above average in all four themes with its best rating coming in the Ethics category. The Company was noted as having strong endorsements of external initiatives on environmental issues such as the American Chemistry Council’s (ACC) Responsible Care® and Operation Clean Sweep® programs.
For more information on Trinseo’s sustainability and CSR program, visit Trinseo.com/Sustainability.
View Trinseo's Silver Medal Certificate from EcoVadis
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, consumer electronics, appliances, medical devices, lighting, electrical, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.8 billion in net sales in 2019, with 17 manufacturing sites around the world, and approximately 2,700 employees. For more information 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.