Trinseo (NYSE: TSE), a specialty material solutions provider,
announced the release of its 2022 Sustainability & Corporate
Social Responsibility (CSR) Report which showcases the Company’s
transformational journey throughout 2021 and accelerated the
progress toward its 2030 Sustainability Goals.
The Company’s 12th annual Sustainability Report was prepared in
accordance with the Global Reporting Initiative (GRI) Standards
Core Option. GRI is the leading independent organization providing
a common language and framework for public sustainability
reporting. Additionally, the report incorporates the Sustainability
Accounting Standards Board (SASB) Standards, and for the first
time, the Task Force on Climate-Related Disclosures, which set the
stage for stakeholders to better understand the Company’s path to
sustainability and provide guidance on how Trinseo will approach
climate risk.
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
report is modeled after the Integrated Reporting concept of value
creation. This summary of how Trinseo delivered value in 2021 also
conveys the Company’s roadmap for success in the years to come.
“In 2020, we embarked on an exciting new journey to transform
our Company into the industry’s preferred materials solutions
partner. Now, we reflect on 2021, which was marked by many notable
milestones in accelerating that transformational journey,” said
Frank Bozich, President and Chief Executive Officer. “This progress
is a testament to our employees’ commitment, agility, and passion,
and to the trust our customers and value chain partners place in
our expertise.”
Highlights from the Sustainability Report include:
Restructuring of Trinseo’s Sustainability Governance:
Trinseo affirmed its dedication to sustainability in September 2021
with the appointment of Francesca Reverberi as Senior Vice
President and Chief Sustainability Officer (CSO). She is the first
person to hold this role at the Company, and is responsible for
enhancing Trinseo’s continued progress in sustainability.
Establishing the Sustainability Business and Services (SBS)
Team: The SBS Team was established under the leadership of CSO
Francesca Reverberi to develop and oversee the Company’s
sustainability roadmap and provide sustainability services to the
business units. The primary areas of focus for the SBS Team include
sourcing quality sustainable feedstocks for the business units and
strategically implementing decarbonization efforts across the
Company. The team is directly responsible for oversight of each of
Trinseo’s five primary Sustainability Goal categories — Product
Portfolio, Suppliers, Climate Change, Responsible Operations, and
Sustainable Workforce.
Acquiring Two Global PMMA Businesses: As part of an
ongoing effort to become a more diverse materials solutions
provider, in May 2021, Trinseo acquired the polymethyl
methacrylates (PMMA) and activated methyl methacrylates (MMA)
businesses from Arkema S.A. Then, in September 2021, the Company
completed the acquisition of Aristech Surfaces LLC, a leading North
America manufacturer and global provider of PMMA. As a potentially
infinitely recyclable material, PMMA enables the Company to expand
its circular innovations.
“Trinseo has been offering sustainable solutions and working
toward becoming a more sustainable company for many years,” said
Reverberi. “Our mission is for the Company to be more sustainable
and help our customers meet their sustainability goals. I relish
the opportunity to forge the path for our sustainability
journey.”
Trinseo’s Sustainability & CSR Report and Core Impact Report
are available online at 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 sustainability-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 consumer
goods, mobility, building and construction, and medical.
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 $4.8 billion
in 2021. 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, 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," "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
execute our transformation strategy and business strategy; our
ability to integrate acquired businesses; global supply chain
volatility, increased costs or disruption in the supply of raw
materials or increased costs for transportation of our products;
the nature of investment opportunities presented to the Company
from time to time; and those factors discussed in our Annual Report
on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere
in our other reports, filings and furnishings made with the U.S.
Securities and Exchange Commission from time to time. As a result
of these or other factors, our actual results may differ materially
from those contemplated by the forward-looking statements.
Therefore, we caution you against relying on any of these
forward-looking statements. The forward-looking statements included
in this press release are made only as of the date hereof. We
undertake 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220713005523/en/
Press Contacts-Trinseo Walter van het Hof Tel : +31 115 238247
Email: wvanhethof@trinseo.com Peggy Sung Tel: +852 31206314 Email:
peggysung@trinseo.com
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