Trinseo Starts its Journey Towards Automated PCF Calculation Across its Entire Portfolio with Atos

Rhea-AI Summary

Trinseo (NYSE: TSE) has initiated a partnership with Atos to leverage Atos' digital solution for monitoring the carbon footprint of Trinseo's product portfolio. This initiative aims to enhance carbon transparency and support Trinseo's goal of achieving net-zero emissions. The partnership will utilize a product carbon footprint (PCF) calculation tool developed by BASF, aligning with ISO standards. The pilot project will automate carbon footprint assessments, starting with key products, thereby streamlining the current manual process.

Positive

• Partnership with Atos enhances carbon transparency and supports net-zero goals.
• Implementation of automated product carbon footprint assessments expected to improve efficiency.

Negative

• Current carbon footprint assessment process remains manual and labor-intensive.
• Partnership highlights existing gaps in data quality that require improvement.

New partnership takes Trinseo’s net-zero ambition to the next level

HORGEN, Switzerland--(BUSINESS WIRE)-- Trinseo (NYSE: TSE), a specialty material solutions provider, and Atos today announced that Trinseo has started using Atos’ recently launched digital solution to identify and monitor the carbon footprint of its entire portfolio. This will enable Trinseo to deliver superior product data on the carbon footprint of its products to its customers and accelerates Trinseo’s net-zero ambitions and carbon transparency commitments.

Trinseo has started using Atos’ recently launched digital solution to identify and monitor the carbon footprint of its entire portfolio. Photo by Sid Suratia.

From June 2022 until the end of this year, Trinseo works with Atos using this digital solution that calculates product carbon footprints (PCF) for the chemical industry to gather key insights for enterprise-wide deployment of the solution in line with its existing SAP ERP and data landscape. After scaling up the tool across business units, Trinseo is expected to ultimately achieve the capability of providing automated PCF information in-house to its customers for all its products.

The PCF calculation tool (SCOTT) and methodology developed by BASF is based on Life Cycle Assessment methodology and calculates cradle-to-gate PCF. Atos was selected as a partner to develop and distribute a software platform to make this tool and methodology available to the industry. The methodology is based on ISO14067:2018 for the carbon footprint of products, which builds on the principles and requirements of the ISO standards 14040:2006 and 14044:2006.

“While Trinseo has been reporting our corporate carbon footprint for many years, it is still a manual and extremely labor-intensive process to do the same on a per-product level,” said Dr. Julien Renvoise, Trinseo’s Sustainability Business Development Leader. “Starting with a couple of our flagship products, we will explore how to automate this with the help of Atos and their PCF platform.”

“Our assessment has shown that Trinseo is already in a good position for PCF automation based on their available data and SAP processes,” said Stefan Unterhuber, Senior Director of Net Zero Transformation at Atos. “However, it has also shown areas where we expect gaps and room for improvements. Starting with this pilot project, our phased approach will allow us to gradually close gaps in their primary data, improve secondary data quality, and ultimately provide Trinseo with accurate and transparent PCF data per individual product that is fully automated.”

Both companies see this project as an important contribution toward a net-zero economy and an excellent example of how digital technology can be leveraged to monitor and manage greenhouse gas emissions.

About Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.

From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical.

Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe, and Asia Pacific. Trinseo reported net sales of approximately $4.8 billion in 2021. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter and Facebook.

About Atos

Atos is a global leader in digital transformation with 111,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 71 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), listed on Euronext Paris and included in the CAC 40 ESG and Next 20 indexes.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Cautionary Note on Forward-Looking Statements

This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220622005166/en/

Trinseo

Peggy Sung

peggysung@trinseo.com

Atos

Laura Fau

laura.fau@atos.net

Source: Trinseo

FAQ

What is Trinseo's recent partnership about?

Trinseo has partnered with Atos to use their digital solution for monitoring the carbon footprint of Trinseo's product portfolio.

How will Trinseo benefit from its partnership with Atos?

Trinseo aims to achieve net-zero emissions faster and improve carbon transparency through automated carbon footprint assessments.

What is the timeline for Trinseo and Atos' project?

The project runs from June 2022 until the end of the year, focusing on automating product carbon footprint calculations.

What is the carbon footprint calculation tool used by Trinseo?

Trinseo will utilize a product carbon footprint (PCF) calculation tool developed by BASF, which is based on Life Cycle Assessment methodology.

What are the expected outcomes of the partnership for Trinseo?

Trinseo expects to automate carbon footprint data provision for its products and improve data quality.