Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, improved its 2019 CDP Score (formerly known as the Carbon Disclosure Project) to a “B” in both Climate Change Disclosure, marking the Company’s second consecutive year of score increase.
Each year, CDP takes the information supplied in its annual reporting process and scores companies and cities based on their journey through disclosure and towards environmental leadership. Through its independent scoring methodology, CDP measures corporate and city progress and incentivizes action on climate change, forests, and water security.
“This is another strong sign of the growth in our sustainability program at Trinseo,” said Walter van het Hof, Global Industry Affairs & Sustainability Leader. “As CDP continues to raise the bar each year, we have steadily improved and expanded our practices in sustainability and circularity to combat the effects of climate change. We are pleased to see a score increase and Our customers value this external perspective.”
Each overall CDP Score correlates to one of the following four levels:
Trinseo’s overall score (B) lands in the “Management” band, which ranks higher than the North America regional average (C), assessed peer companies average (B-), and the global average (C).
The CDP Score is comprised of 11 assessment categories, of which Trinseo scored better than average – in comparison to assessed peer companies – in nine while achieving the group average in the remaining two. The Company’s strongest performance was noted to be its Targets (A), Governance (A), Opportunity Disclosure (A-), and Risk Management Processes (A-).
Trinseo recently announced it had been awarded a Silver Medal from the EcoVadis Corporate Social Responsibility (CSR) Rating assessment. This was due in part to the Company’s adoption of the Global Reporting Initiative (GRI) framework for sustainability reporting in its 2019 report.
For more information on Trinseo’s sustainability and CSR program, visit Trinseo.com/Sustainability.
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.