Trinseo, a specialty material solutions provider, announced today the release of its FY 2024 Sustainability and Corporate Social Responsibility Report, titled Tides of Change, to capture Trinseo’s 2024 sustainability journey of navigating industry currents while staying the course.
Key FY2024 Sustainability Data:
- 31% reduction of greenhouse gas emissions
- 4% increase for electricity generated from renewable sources
- 5% reduction in total water consumption
Representing changes from 2023 to 2024
“At Trinseo, our mission remains steadfast: to deliver innovative, sustainable solutions that create value for our customers and support the transition toward a more circular future,” said Frank Bozich, President and Chief Executive Officer of Trinseo. “I’m optimistic that we are well-positioned to chart a course toward a stronger future.”
Detailed in the pages of the newly launched report, Trinseo outlines its continued commitment to driving sustainability across the Company, as guided by its 2030 Sustainability Goals. In 2024, Trinseo achieved five of its 17 goals in the categories of Supplier Responsibility, Responsible Operations and Climate Change. However, the Company continues to pursue progress in the areas of supplier due diligence, water reduction, Scope 3 emissions management, and on-site renewable energy sourcing.
Trinseo also made strategic advancements in its sustainable product portfolio. The Company launched its first chemical recycling demonstration facility dedicated to the depolymerization of acrylic solutions in Rho, Italy, followed by the opening of its acrylonitrile butadiene styrene (ABS) dissolution pilot facility in Terneuzen, the Netherlands. These advanced recycling technologies are instrumental in expanding the range of materials that can be recycled, which help deliver consistent, quality feedstocks to Trinseo’s business segments. These advancements build upon the Company’s portfolio of recycling technologies—mechanical recycling and polystyrene and polycarbonate dissolution—and contribute to building a circular economy.
“Our collective efforts place sustainability at the heart of our innovation, operations, partnerships and business model,” said Han Hendriks, Chief Technology and Sustainability Officer at Trinseo. “Guided by our 2030 Sustainability Goals and Core Values, we are innovating not only our products but also our approach to materials solutions.”
Additional highlights from the Company’s 15th annual Sustainability Report include:
- Enhancing the Supplier Responsibility Goal: Recognizing the evolving landscape of sustainability, Trinseo enhanced its 2030 Supplier Responsibility Goal to broaden its impact by focusing on the environmental footprint and spending influence of both direct and indirect suppliers, reflecting Trinseo’s commitment to creating meaningful change across its value chain.
- Scope 3 Emissions Management: Trinseo finalized the Company’s Scope 3 emissions data and received limited assurance from ERM CVS, an independent third-party assurance provider, verifying our inventory. Moving forward, this data will set a baseline for our Scope 3 emissions initiatives in partnership with our suppliers and value chain.
- Research & Development (R&D): Trinseo surpassed its R&D target, with 78% of its technology and innovation/R&D efforts directed toward circular economy solutions. Supported by the Company’s dissolution and depolymerization technologies, material solutions like recycled polymethyl methacrylate and polycarbonate resins aim to support industry efforts to transition toward a circular economy.
Trinseo’s FY2024 Sustainability and CSR Report was prepared with reference to the Global Reporting Initiative (GRI) 2021 Universal Standards, and it incorporates the Sustainability Accounting Standards Board (SASB) framework. To provide stakeholders with a holistic understanding of its value creation, Trinseo has also published a Core Impact Report.
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