MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced the release of its 2021 Sustainability & Corporate Social Responsibility (CSR) Report, which showcases how Trinseo is meeting or exceeding the highest standards of safety and environmental performance, while advancing innovative solutions to shape a more sustainable world, as per the company's press release.
This is the 11th report since the company’s formation in 2010 and has been 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, allowing more global comparability and better quality of information about company sustainability impacts. In addition, for the first time this year, Trinseo integrated disclosures aligned with the Sustainability Accounting Standards Board (SASB) Standards into its report. These additional disclosures enhance the Company’s reporting of financially material sustainability information to investors.
The report documents Trinseo’s progress through 2020, including steps taken toward achieving the Company’s 2030 Sustainability Goals. Highlights from the report include:
Advancing efforts to achieve circularity for polystyrene (PS): Trinseo made great strides toward unlocking the sustainable potential of polystyrene and working to close the loop on PS recycling. In 2020, the company participated in numerous initiatives and collaborations, including pursuing projects to advance the industrial validation of Recycling Technologies’ depolymerization technology in partnership with INEOS Styrolution.
Achieving Mass Balance Certification: Trinseo secured Mass Balance certification in 2020 for four families of products manufactured in Europe from the International Sustainability & Carbon Certification (ISCC), including PS, polycarbonate (PC), synthetic rubber, and styrene. Mass balance is a model designed to track the total amount of input of sustainable raw materials throughout the production cycle and ensure an appropriate allocation to the output of finished goods - thus enabling the tracking of sustainably advantaged materials through complex value chains.
Prioritizing Workplace Safety and Employee Health: Given the implications of the COVID-19 pandemic on health and safety, Trinseo prioritized Employee Health & Safety in 2020 and implemented new and enhanced safety protocols, safety trainings, and wellness programs. Trinseo’s injury rate for the year was 0.28, significantly lower than the average rate for U.S. manufacturers of 3.3i and the American Chemistry Council (ACC) member companies’ average injury rate of 0.73ii, and there were no cases of work-related COVID-19 illness for employees or contractors in 2020.
As MRC reported earlier, Trinseo, a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, and its affiliate companies in Europe, have announced a price decrease for polystyrene (PS) in Europe in July. Thus, effective July 1, 2021, or as existing contract terms allow, the contract and spot prices for the products listed below went down as follows:
- STYRON general purpose polystyrene grades (GPPS) -- by EUR190 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR170 per metric ton.
According to ICIS-MRC Price report, market players expected August prices for Nizhnekamskneftekhim's material to be announced this week. By the end of the week, Nizhnekamskneftekhim reported a reduction of Rb5,000/tonne in its next month's PS prices, siad several major market players.
Trinseo is a 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. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees.