INEOS Styrolution awarded gold rating by EcoVadis for its advanced sustainability performance
- INEOS Styrolution achieved a score of 74, up 9 points from last year
- The company is now positioned in the top 1 percent of all 45,000 companies evaluated by EcoVadis
- Strong improvement due to continued implementation of sustainability and increased focus on circularity
INEOS Styrolution, the global leader in styrenics, has been awarded the EcoVadis gold rating for the second consecutive year. The rating is based on the implementation of the company’s sustainability programme and the company’s sustainability report 2017 (published July 2018). This year’s increased score is seen as a recognition of the company’s continuous efforts and progress across four themes – environment, labour practices and human rights, ethics and sustainable procurement.
INEOS Styrolution has seen a steady increase of its EcoVadis rating since its first silver rating of 47 in 2015. The subsequent year saw an increase of 12 points to 59, followed by the company’s first gold rating of 65 in 2017.
This latest rating of 74 places INEOS Styrolution best in class in the category of plastics manufacturers, and in the top 1 percent overall. The rating indicates that our engagement is at an advanced level, meaning that we have a structured and proactive CSR engagement with tangible actions on major issues and with a significant CSR reporting on actions, targets and KPIs.
In 2018, the increased score in environmental practices was significant due to INEOS Styrolution’s strong environmental and recycling agenda. This includes investments in many areas such as the circular economy for polystyrene based on chemical recycling processes and an enhanced focus on the environmental footprint of our operations with continued reductions.
“An increasing number of our customers are closely monitoring our sustainability performance and our EcoVadis scoring as a basis for doing business with them. The improvement in our gold rating is an important step forward for us,” comments Kevin McQuade, CEO, INEOS Styrolution. “We will strive to continue ensuring responsible operations and sustainable products and solutions, with a strong focus on both social and environmental aspects. We aim at the circularity of our products and zero pellet loss. We continue to invest heavily in recycling of styrenics, both with our own solutions and under the umbrella of the industry initiative Styrenics Circular Solutions (SCS).”