Ineos Styrolution has received a platinum rating by EcoVadis for its exemplary corporate social responsibility (CSR) performance. This is the second consecutive year that the company has been awarded the highest distinction, retaining its place in the top 1% of over 75,000 companies assessed by EcoVadis.
EcoVadis evaluates companies across four categories: environment, labour and human rights, ethics and sustainable procurement. Ineos Styrolution’s overall score of 77 out of 100 across these four categories is an improvement over last year’s score of 75.
This increase in score reflects the company’s increased efforts to shift to circular solutions, reduce its carbon footprint, and minimise plastic waste as well as its collaboration across the value chain. The external audit of the company’s CSR programme and reporting conducted this year also contributed to the improvement in score. Ineos Styrolution’s structured and proactive sustainability approach, tangible actions, and transparent sustainability reporting has been especially recognised by EcoVadis.
Steve Harrington, CEO, says: “We are pleased to be awarded with a second platinum rating, which confirms that we are on the right track. EcoVadis raises the bar every year in terms of their requirements and we are delighted to be able to match this pace as we improve the sustainability of our operations and our products year-on-year. This comprehensive assessment and rating will enable our customers to benchmark and track our sustainability efforts and also provides us with direction for our future development efforts”.
Ineos Styrolution has previously received the EcoVadis gold rating in 2018 and 2019, the highest EcoVadis ranking at the time, for its strong responsible business performance in 2017 and 2018, respectively. The company was awarded the platinum rating in 2020, a new ranking introduced by EcoVadis that year.
EcoVadis’ sustainability assessment is based on leading international sustainability standards such as the United Nations Global Compact (UNGC), Global Reporting Initiative (GRI), ISO 26000 and CERES Principles. The EcoVadis assessment process and methodology are supervised by an international scientific committee.