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.”