Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced it is increasing its focus on sustainability and transparency with the adoption of the Global Reporting Initiative (GRI) framework for public sustainability reporting.
“At Trinseo, sustainability and corporate social responsibility are intrinsic to who we are,” said Catherine Maxey, Vice President, Public Affairs, Sustainability and Environment, Health and Safety. “Our adoption of the GRI Standards as the framework for our public sustainability reporting redoubles our commitment to transparency. Adhering to the GRI Standards is consistent with Trinseo’s commitment to integrity and accountability, and demonstrates an openness to disclose our contributions and impact on our stakeholders and the world.”
The Global Reporting Initiative is the leading independent organization that provides a common language and framework for public sustainability reporting, allowing more global comparability and better quality of information about company sustainability impacts. GRI provides expertise to assist companies in expanding their disclosure and reporting activities around this common framework.
“We are excited to be a part of Trinseo’s journey towards adopting GRI's reporting framework: the most used framework worldwide due to its credibility, flexibility and adaptability,” said Shivani Rajpal, Director-Services, GRI. “As a first step, we will work together with Trinseo and perform the GRI Kick-off Service to set off the reporting process for their first report to be prepared in accordance with the GRI Standards that will be published in 2019.”
Trinseo will begin using the GRI Standards in its 2017 Sustainability report, which will be published in the third quarter of 2018. The company is planning to provide a full GRI-aligned Sustainability Report in 2019.
Trinseo, formerly Styron, published its first Sustainability/CSR report in 2011, with public disclosure of emissions, energy use, water use, and waste and safety performance. The company has continued to issue a public report annually on its website at www.trinseo.com/sustainability. Now with the adoption of the GRI framework in 2018, the company’s Sustainability/CSR reports will contain even more information than in the past.
Trinseo became a Responsible Care® company at its formation in 2010, joined the Carbon Disclosure Program (CDP) in 2012, the Green Freight Europe Programme in 2013, and Operation Clean Sweep in 2014.
Trinseo’s products enable its customers to create more sustainable solutions by reducing energy use, preserving health, enhancing safety, improving durability, and conserving natural resources. The company’s vision is to be a world leader in delivering innovative materials, technologies, and solutions that enable a more sustainable world.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.8 billion in net sales with 2,700 employees globally in 2019. For more information, please 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.