All of us want to make a positive contribution to society and to the health of our planet in both our personal and professional lives. Sustainability in the way we live and work impacts all of us. The sustainability of our business and operations is of critical concern to all our stakeholders, and is becoming a significant differentiator in today’s competitive landscape.
At INEOS Styrolution, we have a clear vision to be recognised as the global leader in providing sustainable styrenics solutions. Therefore, we have embedded sustainability into our decision-making across all functions and operations. We also continue to create and foster a working environment that respects human rights and promotes diversity of people, thoughts and ideas.
During the course of the past year, we have made clear strides to contribute to a circular economy. We finalised our circular economy strategy and are now implementing it within our business. Our key focus has been to retain the high value of our products after their intended use through chemical recycling of polystyrene and mechanical recycling of ABS. We will introduce a new portfolio that encompasses a wide range of offerings including products with defined recycled content and we have the strong ambition to grow this portfolio over time as we work on making solutions available on a larger commercial scale.
We are developing technologies for chemical recycling via collaborations within the styrenics industry, as part of the larger INEOS Group, as well as with several leading-edge technology companies. We are delighted with the progress we have made in this respect, notably achieving a breakthrough in chemical recycling by producing polystyrene from 100% recycled styrene monomer.
As part of the INEOS Group, we have committed to deliver significant volumes of recycled polystyrene and offer polystyrene with up to 30% recycled content in our products destined for polystyrene packaging in Europe, by the year 2025. We also aim to offer recycled ABS at commercial scale by 2020.
In order to save valuable resources and minimise our carbon footprint, we have further reduced our greenhouse gas and wastewater emissions and have taken actions to prevent the loss of pellets in our operations, as well as along our value chain. We are engaging with our suppliers on sustainable sourcing of raw materials, utilities and services, and are investigating the integration of renewable feedstock into our production processes.
At the core of our company and our sustainable approach to business are the people that make up INEOS Styrolution - it is their dedication and expertise that drives us forward. They are our most valuable asset and we are fully committed to ensuring a workplace environment that guarantees their health, safety and wellbeing, as well as promoting their personal development and growth.
We believe that we are on the right track in our sustainability journey being awarded a gold rating from EcoVadis for the second year in a row, which places us among the top one percent in the category of plastics manufacturers.
We are committed to further exploring opportunities to drive sustainability not only within our own business, but also to work with our customers and stakeholders to develop sustainable and circular products and solutions throughout the entire value chain.
We hope you find this report helpful in learning about our commitment and actions to provide sustainable solutions and look forward to your support as we continue on our journey of Living Sustainability. Together.
CEO, INEOS Styrolution