Trinseo Releases 2023 Sustainability & Corporate Social Responsibility Report

Trinseo Releases 2023 Sustainability & Corporate Social Responsibility Report

WAYNE, Pa.–(BUSINESS WIRE)–Trinseo (NYSE: TSE), a specialty material solutions provider, announced today the release of its 2023 Sustainability & Corporate Social Responsibility Report, which details how the Company is materializing a sustainable future through progression of its 2030 Sustainability Goals.

Highlights from the 2023 Sustainability Report include:

• Addressing Scope 3 Emissions: Trinseo completed baseline calculations for Scope 3 emissions in 2022. The Company continues to refine this data in 2023, as well as integrating a supplier engagement plan and training the Procurement team and other stakeholders.

• Securing Supplies of Sustainable Feedstocks: In January 2022, Trinseo acquired Heathland B.V., located in the Netherlands. This backward integration strategically positions the Company within the market and enhances its footprint and capability as a sustainable solutions provider. Heathland is the first recycler that Trinseo has acquired, which is a milestone step in the Company’s transformational journey into a specialty material solutions provider.

• Expanding Availability of Sustainably Advantaged Materials: One of Trinseo’s Sustainability Goals is to have 40% of its product portfolio sustainably advantaged by 2030. In 2022, the Company’s sustainably advantaged materials sales increased by 11%. This demand is an opportunity to bolster Trinseo’s business strategy for growth through innovative products.

“Our strategy delivers innovative materials for today’s challenges and envisions bold, new approaches to address our environmental impact. By thinking in both the short and long terms, we can develop an agile, flexible strategy that prioritizes not only products, but people, too—because we can see the impact we have on our facilities and teams over time, as well as the local communities in which we participate,” said Frank Bozich, President and Chief Executive Officer.

The Company’s 13th annual Sustainability Report was prepared with reference to the Global Reporting Initiative (GRI) 2021 Universal Standards, which were implemented this year. GRI is the leading independent organization providing a common language and framework for public sustainability reporting, and Trinseo’s transition to the 2021 Universal Standards builds on the Company’s legacy of sustainability transparency. As part of this alignment, Trinseo transitioned its Material Topics away from a matrix to a 360-degree perspective of Environment, Economy, and Social (EES), which better evaluates the Company’s impact on stakeholders. The report also incorporates disclosures referencing frameworks for the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Disclosures (TCFD).

To complement the Sustainability Report, Trinseo also published a Core Impact Report that provides a holistic view of how the Company defines, creates, and disperses value over time. This year, the report also aligns with an EES perspective that showcases how the Company’s intrinsic value is connected to the impact on their stakeholders.

“Sustainability reporting is at a critical juncture with the implementation of the new 2021 GRI disclosures and forthcoming U.S. and European reporting policies,” said Francesca Reverberi, Chief Sustainability Officer and Senior Vice President. “With an eye to the future, 2022 was our year to begin materializing our sustainability initiatives and shaping the future of our industry. Our first full year with the Sustainability Business and Services Team brought great progress along our journey to becoming a global specialty materials and sustainable solutions provider.”

For more information about how Trinseo is materializing a sustainable future, visit: www.Trinseo.com/Sustainability.

About Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart and sustainably focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.

From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility.

Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe and Asia Pacific. Trinseo reported net sales of approximately $5.0 billion in 2022. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.

Cautionary Note on Forward-Looking Statements

This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like “expect,” “anticipate,” “believe,” “intend,” “forecast,” “outlook,” “will,” “may,” “might,” “see,” “tend,” “assume,” “potential,” “likely,” “target,” “plan,” “contemplate,” “seek,” “attempt,” “should,” “could,” “would” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully investigate and remediate chemical releases on or from our sites, make related capital expenditures, reimburse third-party cleanup costs or settle potential regulatory penalties or other claims; our ability to successfully execute our business and transformation strategy; increased costs or disruption

SDGs, Targets, and Indicators Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation, and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

The article discusses Trinseo’s sustainability efforts, including addressing emissions (SDG 7 and SDG 13), securing sustainable feedstocks (SDG 9), and expanding the availability of sustainably advantaged materials (SDG 12).

2. What specific targets under those SDGs can be identified based on the article’s content?

• Target 7.2: Increase the share of renewable energy in the global energy mix.
• Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.
• Target 12.2: Achieve sustainable management and efficient use of natural resources.
• Target 13.2: Integrate climate change measures into national policies, strategies, and planning.

The article mentions Trinseo’s efforts to address Scope 3 emissions (related to energy use) and secure sustainable feedstocks, which align with Target 7.2 and Target 9.4. Additionally, the goal of having 40% of the product portfolio sustainably advantaged by 2030 corresponds to Target 12.2. The focus on sustainability and reducing environmental impact relates to Target 13.2.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

• Indicator 7.2.1: Renewable energy share in the total final energy consumption.
• Indicator 9.4.1: CO2 emissions per unit of value added.
• Indicator 12.2.1: Material footprint, material footprint per capita, and material footprint per GDP.
• Indicator 13.2.1: Number of countries that have communicated the establishment or operationalization of an integrated policy/strategy/plan.

The article does not explicitly mention these indicators, but they can be used to measure progress towards the identified targets. For example, the renewable energy share in Trinseo’s energy consumption can be measured to track progress towards Target 7.2. The CO2 emissions per unit of value added can be monitored to assess progress towards Target 9.4.1. The material footprint and its relation to GDP can be measured to evaluate progress towards Target 12.2.1. Finally, the establishment or operationalization of an integrated policy/strategy/plan can be tracked to measure progress towards Target 13.2.1.

Table: SDGs, Targets, and Indicators

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: businesswire.com

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