Sustainability has always been intrinsic to our Company — an essential component of our core values and a key element in our business strategy — and it will serve as a key tenet of our transformational process. In order to realize success, we must embrace significant change — something the butterfly on the cover of our report reminds us of. This mindset will be important to enabling our business transformation.
This past year, we reached many notable milestones in launching our strategic business transformation, including the announcement of our agreement to acquire Arkema’s PMMA business, which will bolster our Engineered Materials portfolio and serve as a catalyst for helping our Company transform into a higher margin, less cyclical solutions provider. Through our transformation journey, we are striving to take a leading role in advancing innovative, sustainable solutions that address key market megatrends, such as energy efficiency, health and wellness, mobility, and connectivity.
In the pages of our Sustainability and Corporate Social Responsibility Report, we catalog a year of progress and achievement in 2020 in spite of unprecedented global circumstances. Our future prospects are truly promising — we have ambitious goals and a clear path forward to achieve them. And there is so much to be proud of as a company — from achieving industry-best safety rankings and unveiling new sustainable materials innovations to laying the foundation to welcome and onboard our new colleagues and taking ever-forward steps in reducing our operational impact on the environment.
Our people and our technology are at the center of our success, and this report is a testament to the hard work, passion, and unwavering dedication to excellence that our employees have shown. To everyone who supported our journey over the past year, and into the future, I extend my most heartfelt appreciation.
President & CEO
We took a notable step forward in our sustainability reporting by expanding our disclosures to include those aligned with the Sustainability Accounting Standards Board (SASB), so as to better communicate our progress to the investor community. We embarked on significant, sustainable-focused partnerships, and we secured mass balance certification for four of our facilities, to better help our customers authenticate the sustainable content of their products. We also took steps to further embed sustainability into our business strategy with the formation of the Trinseo Sustainability Team, which will help direct our sustainability efforts.
Amidst all this progress, we also celebrated our first decade as Trinseo in 2020, and marked the milestone by committing even more fully to our sustainability journey by unveiling our 2030 Sustainability Goals, which lay a foundation for our future and outline our commitment to build a sustainable product portfolio, minimize our impact on climate change, increase supplier responsibility, improve the sustainability of our operations, and establish a sustainable workforce. Our goals are ambitious, but if we are not striving to achieve zero injuries or significantly lowered emissions or a sustainable product portfolio, then what are we reaching for?
Now, the real work begins in making these goals a reality. I am confident we will be successful, given how wholeheartedly and enthusiastically our organization has embraced sustainability and ingrained it into our DNA. In this, our eleventh Sustainability and Corporate Social Responsibility Report, you will find an archive of our efforts to advance sustainability and lay the foundation for future success.
Walter van het Hof
Global Industry Affairs & Sustainability Leader