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 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.
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