We aim for our activities to contribute to a more just, equal, and inclusive society, where we continuously improve our environmental impact on the journey to a net zero, circular economy.
We recognize our responsibility not just to create economic value, but also to promote a more inclusive economy, where globally diverse stakeholders benefit, and the value contributes to environmental and social good. Using the concept of "double materiality," or how our business both impacts and is impacted by environmental and social issues, we identified our focus areas as:
Promote respect for human rights across the value chain, improve workforce diversity, and invest in positive social impact.
Reduce resource use, partner with suppliers to improve environmental impact, and lower our carbon footprint.
Help enable the market for sustainable products and collaborate to end plastic waste in the environment.
This year’s report continues our focus on collaboration, leveraging our position in the chemical value chain to advance solutions together. It also summarizes challenges in progressing sustainability, such as our company’s growth, market capacity, and leverage.
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Tricon is committed to be an industry leader in sustainability - the development and public disclosure of the annual Sustainability Report is demonstration of that commitment. This year's report focuses on our plans, performance results, and ambitions, all guided by Tricon’s Sustainability Policy.
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Review our inaugural report, which focused on the foundational elements of Tricon’s sustainability strategy.
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The Responsible Sourcing & Product Stewardship Standard outlines Tricon's commitments and our expectations for those who provide us goods and services. The standard reflects our ambition to create positive social and environmental change beyond our own boundaries and contribute to a more just, inclusive, and environmentally sustainable society. We ask our suppliers and partners in the value chain to support this ambition.
This means working to improve diversity and representation and providing employees with a variety of benefits, development opportunities, and flexibility to balance work and family commitments.
We are committed to respecting human rights, worker welfare, and community and employee health, safety, and physical and cyber security both in direct operations and through our leverage across product handling, storage, and logistics.
Our community engagement strategy extends our sustainability initiatives to the community, investing in social programs and partnerships that support our commitments to inclusion, environmental protection, and circular economy.
Our employees also “give back” locally through our volunteer and fundraising program, “Tricon Cares.” We encourage employees to contribute their time, energy, and resources to support their community.
We measure our environmental impact and encourage employees to participate in our "work sustainably" campaign focused on waste and energy use. See our Responsible Sourcing approach for more on how we address impacts in the value chain.
Our environmental actions also focus on responding to climate risk and reducing our carbon footprint across scope 1, 2, and 3 emissions. Tricon achieved net zero emissions in scope 1 and 2. We are committed to better addressing scope 3 reductions and product carbon footprint, in collaboration with industry and other stakeholders.
To Tricon, contributing to a more circular economy means increasing stakeholder awareness and education on the environment and leveraging our business position to help develop the market for circular products. Our objectives under this pillar will focus on:
