INEOS Styrolution publishes first sustainability report according to GRI guidelines
INEOS Styrolution, the global leader in styrenics, published its initial sustainability report today, which complies with the standards of the Global Reporting Initiative (GRI), the acknowledged benchmark reporting standard in this field.
Since the inception of the company in 2011, INEOS Styrolution has driven various sustainability-related initiatives and integrated those into a unified framework: INEOS Styrolution’s sustainability program entitled “Living Sustainability. Together.” With the publication of the first qualitative report in December 2015, the groundwork was laid for this first quantitative report, which complies with the GRI Sustainability Reporting Guidelines G4.
Since the initial report was released, the company’s sustainability program earned a silver rating from EcoVadis, an independent assessor of corporate sustainability performance. This external rating places INEOS Styrolution in the upper third of companies in the category of plastics manufacturing.
In the current GRI report, INEOS Styrolution provides further transparency on how continuous improvement is built into the company’s operations and business practices. Quantitative baselines are established according to GRI-defined sustainability performance indicators and achievements in 2015 are outlined. In addition to responsible operations, the new GRI report covers all aspects of sustainability, from responsible products to responsible business management, from being a reliable employer to being a reliable partner to customers and suppliers, from community involvement to compliance as foundation of the company’s business success. Continuing the journey into the future, the company’s data metrics will be further solidified and specific sustainability targets will be set.
“The sustainability of our products, operations and business performance are of critical importance to our customers, investors, shareholders, employees and the communities we operate in. For customers a robust sustainability program has become a key criterion in their buying decisions. That is why we address global sustainability concerns by collaborating closely with our customers and business partners along the value chain,” says Kevin McQuade, CEO, INEOS Styrolution. “As the market leader in styrenics, we strive to meet high standards in all areas of sustainability. We believe in its societal and commercial value, and further, regard it as a lever for growth.”
ABOUT INEOS STYROLUTION
INEOS Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 85 years of experience, INEOS Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, toys/sports/leisure, and packaging. In 2015, sales were at 5 billion euros. INEOS Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.
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