MOSCOW (MRC) -- Trinseo has introduced a Supplier Code of Conduct to its key suppliers, according to the company's press release.
The Supplier Code of Conduct (SCoC) outlines the minimum standards that Trinseo expects all its suppliers to comply with when doing business with the company.
"Trinseo’s commitment to global citizenship and sustainability extends through our supply chain, and we expect Trinseo suppliers to conduct their operations in a socially and environmentally responsible manner," said Catherine Maxey, vice president of Public Affairs, Sustainability and EH&S. "Supplier codes of conduct are becoming more prevalent in our industry, as more companies are being held publicly accountable for not only their own actions, but also those of their supply chains."
The Trinseo Supplier Code of Conduct is founded on three basic principles:
1. The company expects its suppliers to comply with all applicable laws and regulations.
2. Trinseo encourages its suppliers to adhere to the highest principles of environmental responsibility, sustainability, ethical behavior, corporate social responsibility (CSR), fair labor practice and a safe healthy workplace.
3. The company expects all its suppliers to operate responsibly and in a manner that is consistent with Trinseo’s Code of Conduct and related Ethics and Compliance Policies.
The code includes sections on: management systems, human and worker rights, environment, health and safety, business ethics, material sourcing, and compliance and reporting.
Trinseo is a leading global materials company and manufacturer of plastics, latex and rubber. Trinseo’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Trinseo had approximately USD5.3 billion in revenue in 2013, with 19 manufacturing sites around the world, and approximately 2,100 employees. Formerly known as Styron, Trinseo completed its renaming process in the first quarter of 2015.