Trinseo Releases 12th Annual Sustainability & Corporate Social Responsibility Report

BERWYN, Pa.--(BUSINESS WIRE)--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.