Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Social and Economic Inclusion
• Climate and Environmental Responsibility
• Circular Economy

Environmental Achievements

• Net-zero scope 1 and 2 emissions (including offsets)
• Achieved platinum status on EcoVadis sustainability rating
• Launched “Project Zero” environmental education and inclusive recycling programs
• Opened the circular book with sales to Latin America, Asia, and the Middle East
• Estimated 43% of non-hazardous waste diverted from landfill

Social Achievements

• Expanded the Great Place to Work® survey to global employees and achieved certification in 10 countries
• Conducted global diversity and inclusion training for more than 250 employees
• Integrated human rights further into due diligence processes
• 0 fatalities, high-consequence, or recordable work-related injuries
• $221,665 raised for Ukraine crisis relief

Governance Achievements

• Updated company purpose with a focus on integrating sustainability into core culture
• Partnered with EcoVadis to improve responsible sourcing program with supplier risk assessment
• Launched the digital Know Your Counterparty (KYC) process
• 100% of workforce trained in anti-corruption

Climate Goals & Targets

Environmental Challenges

• Difficulty in making credible scope 3 reduction claims given high uncertainty in data
• Lack of leverage, control, or visibility into third-party operations
• Lease timing and availability of suitable building options
• Addressing language and cultural differences in global operations
• Difficulty in quantifying sustainability risk

Mitigation Strategies

• Focus on largest scope 3 areas: marine transportation and product carbon footprint (PCF)
• Implemented a sustainability software to better track emissions
• Launched initiative to create product carbon footprint scorecards
• Joined the Carbon Call initiative
• Established a customer collaboration on PCF
• Improved estimated emissions for the majority of tanker vessel voyages using Sea (www.sea.live)
• Improved communication on Tricon Listens Helpline
• Conducted supplier risk assessment using EcoVadisIQ tool
• Launched a digital Know Your Counterparty (KYC) process

Supply Chain Management

Supplier Audits: 506 businesses engaged in the digital KYC process

Responsible Procurement

• Responsible Sourcing & Product Stewardship Standard (RSPS)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN SDGs, World Economic Forum’s Stakeholder Capitalism Metrics, Commodity Trading Sector Guidance on Implementing the UN Guiding Principles on Business and Human Rights, GHG Protocol

Sustainable Products & Innovation

• Bio-based, biodegradable bags

Awards & Recognition

• EcoVadis Platinum status
• Great Place to Work Certification™ in 10 countries

Environmental Metrics

ESG Focus Areas

• Climate and Environmental Responsibility
• Social and Economic Inclusion
• Governance

Environmental Achievements

• Continued commitment to carbon neutral scope 1 and 2 emissions for the third consecutive year with offsets
• Maintained a product carbon intensity of 1.4 tCO2e/t
• Partnered with CarbonChain to enhance product carbon footprint data quality
• Established new KPIs with banking partners to expand sustainable product portfolio and enhance transparency around product carbon footprint

Social Achievements

• Launched an employee benefits survey and updated benefits
• Earned Intertek’s People & Culture certification
• Invested in leadership through the BetterManager program
• Provided 6,538 employee training hours
• Raised $84,215 for earthquake relief efforts in Turkey

Governance Achievements

• Retained platinum status on the EcoVadis sustainability rating for a second year
• Initiated first supplier campaign for EcoVadis assessments
• Joined Together for Sustainability and Vinyl Sustainability Council
• Ensured 100% of workforce received anti-corruption training
• Engaged over 1,516 businesses in KYC process

Climate Goals & Targets

Environmental Challenges

• Tricon’s continued growth
• Data & Standards
• Cultural & Geographic differences
• Leverage & Control
• Capacity

Mitigation Strategies

• Adjusting to meet the needs of a growing team, environment, and communities
• Improving data science capacity
• Launching supplier incentive programs
• Updating Tricon’s risk assessment process
• Focusing on internal engagement to cascade collaboration opportunities

Supply Chain Management

Supplier Audits: Initiated first supplier campaign for EcoVadis assessments; 402 suppliers were invited to participate, 185 were assessed or shared their scorecard

Responsible Procurement

• Responsible Sourcing and Product Stewardship Standard (RSPS)
• EcoVadis assessments
• Know Your Counterparty (KYC) process

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN SDGs, World Economic Forum’s Stakeholder Capitalism Metrics, Commodity Trading Sector Guidance on Implementing the UN Guiding Principles on Business and Human Rights, GHG Protocol, Sea Cargo Charter, Together for Sustainability

Certifications: ISCC PLUS, Intertek’s People & Culture

Sustainable Products & Innovation

• Products made through processing of post-use materials
• Products derived wholly or partially from renewable feedstock
• Products that provide evidence of carbon neutrality or reductions in GHG emissions