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Sustainability Report 2019 Table of 2 Contents

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Sustainability Report 2019 Table of 2 Contents LIVING SUSTAINABILITY. TOGETHER. SUSTAINABILITY REPORT 2019 TABLE OF 2 CONTENTS OVERVIEW 02 53 VALUING OUR PEOPLE MESSAGE FROM OUR CEO 03 ENGAGING AND DEVELOPING OUR EMPLOYEES 54 BOARD MEMBERS’ VIEW 04 DRIVING SUSTAINABILITY ALONG THE VALUE CHAIN 59 SUPPORTING THE COMMUNITIES IN WHICH WE LIVE AND WORK 61 OUR COMMITMENT TO SUSTAINABILITY 05 64 MANAGING OUR BUSINESS RESPONSIBLY ENSURING FAIR BUSINESS PRACTICES 65 MAKING SUSTAINABLE GROWTH A REALITY 68 SHAPING THE FUTURE WITH 19 72 ANNEXE SUSTAINABLE STYRENICS ABOUT THIS REPORT 72 GRI INDEX 73 ENSURING SAFE AND RESOURCE- 36 EFFICIENT OPERATIONS UPHOLDING SAFETY AS OUR CORE VALUE 37 REDUCING OUR ENVIRONMENTAL FOOTPRINT 41 MESSAGE FROM 3 OUR CEO I am pleased to share with you INEOS depolymerisation by producing 100% recycled clear proof point that recycled polystyrene has Styrolution’s latest sustainability report and polystyrene at lab-scale. This breakthrough an excellent environmental footprint. provide some insights on our commitments triggered a lot of positive interest from our and actions to contribute to a circular and customers as well as other stakeholders along I am pleased to share that our leadership on low-carbon economy. the value chain, notably at the K 2019 trade fair. sustainability has been recognised externally. Polystyrene has many lives and we have We were awarded a platinum rating by We have been on a journey of continuous capitalised on the unique, intrinsic properties EcoVadis, which places us in the top 1% in the improvement since we began our sustainability of this material by investing in different state- category of plastics manufacturers. Our year- safety above all else. We will continue to programme in 2014. We initially concentrated of-the-art recycling technologies in parallel. It on-year improvement over the past seven years promote a safe and inclusive workplace our efforts on optimising our portfolio and is easily sortable, has an excellent motivates us to strive further, however, we are environment, while providing opportunities for providing high-quality, safe and durable environmental footprint, and can be used to aware of the challenge to not fall back as the personal development and growth. styrenics products to our customers. To produce food-grade applications. assessment becomes increasingly stringent. address the increasing global challenges, we We are undertaking major efforts to provide have expanded our focus to developing Another notable achievement was the Our progress would not have been possible significant volumes of recycled polystyrene to circular solutions. introduction of INEOS Styrolution ECO, our without the passion and dedication of our our customers by 2025. By delivering recycled family of sustainable products. We set a new 3500 colleagues who strive on a daily basis to and bio-attributed solutions, we will jointly As I step into my new role as CEO, we commit standard in the industry with Terluran® ECO, make our vision of a sustainable future a reality. take a first bold step to significantly reduce our to further drive our business and operations our first ABS product made from post- We continue to collaborate with stakeholders carbon footprint. With this journey ahead of with the highest environmental, social and consumer electronic waste and Styrolux® ECO, across our value chain − customers, suppliers, us, we will make our plastics circular and create governance standards. We believe we are well- the world’s first specialty styrenics material technology providers, sorters and recyclers as a positive impact on our planet and our positioned to help deliver select UN Sustainable made using renewable feedstock. We are well as universities and institutes − to deliver people, and help our customers to meet their Development Goals (SDGs) through our working to grow our ECO portfolio over time innovative, commercial-scale solutions of the sustainability targets. concerted actions. As the world tackles the to make more sustainable solutions available same high quality and performance as before. far-reaching effects of COVID-19, we have on a commercial scale. Our investors trust us and share our vision for We invite you to read this report and learn helped combat the spread of this pandemic by sustainability. more about our aspiration and achievements safeguarding our employees, supporting local We continue our efforts to reduce our to become more sustainable and welcome communities and supplying material to environmental footprint and have cut our Compliance with legislation as well as with our your suggestions and support. produce safety and medical equipment such greenhouse gas and wastewater emissions, own business principles is a precondition for as COVID-19 detection kits, respiratory water use as well as landfill waste over the past sustainability. Our daily decision-making is Sincerely yours, devices, safety goggles and face shields. five years. The promising initial results from based on a strong foundation on compliance two life cycle assessment studies on with high standards of business practice. Our major success story in 2019 was depolymerisation of polystyrene predict Steve Harrington demonstrating the proof-of-concept of significant greenhouse gas savings. This is a Safety is our core value and we put people’s CEO INEOS Styrolution MESSAGE FROM OUR CEO & OUR COMMITMENT TO SHAPING THE FUTURE WITH ENSURING SAFE AND VALUING OUR PEOPLE MANAGING OUR BUSINESS ANNEXE BOARD MEMBERS’ VIEW SUSTAINABILITY SUSTAINABLE STYRENICS RESOURCE-EFFICIENT OPERATIONS RESPONSIBLY BOARD MEMBERS’ 4 VIEW As the leading styrenics Finance is an integral part of Our customers are looking to We are strongly committed Styrenics are circular. We supplier, we have embarked our sustainability efforts and us for sustainable offerings to contribute to the have made significant on a journey to lead the way by we are seeing increasing relevance for their applications, ranging from development of a circular economy. progress in scaling-up existing operating sustainably. We focus on of sustainability performance in our using recycled materials at the outset With polystyrene, we offer an technologies that enable the resource efficiency and are operations and investments. We are or making them recyclable after use. extremely versatile product that also circularity of polystyrene as well as developing initiatives and projects dedicated to meeting the In addition to creating new products stands out with its unique properties our other polymers. But we don’t to reduce our environmental expectations of our stakeholders containing a significant percentage of as a true circular polymer. It can be stop here. We are collaborating with footprint. Zero accidents is lived including investors, financial experts recycled material from post- recycled using different technologies technology providers along the every day at our production sites and rating agencies to address consumer recycling schemes, we are (mechanical and depolymerisation) value chain, recyclers, governmental and offices, with a clear focus on key sustainability in all our business improving our supply chain to ensure allowing our customers to benefit authorities, and most importantly indicators to relentlessly learn and areas. access to these recycling sources. We from polystyrene applications while with our customers to enable a adjust. We have reached our are working hard to provide our meeting their own sustainability circular economy for all our styrenics best-ever safety performance over MARKUS FIESELER customers with innovative, best-in- goals. products. the last twelve months and will Chief Financial Officer class solutions that support their continue to improve our actions to sustainability objectives. ALEXANDER GLÜCK GREG FORDYCE prevent pellet loss. President Europe Middle East President Americas* ROB BUNTINX & Africa* PIERRE MINGUET President Asia-Pacific* President Operations *These positions were effective August 1, 2020. MESSAGE FROM OUR CEO & OUR COMMITMENT TO SHAPING THE FUTURE WITH ENSURING SAFE AND VALUING OUR PEOPLE MANAGING OUR BUSINESS ANNEXE BOARD MEMBERS’ VIEW SUSTAINABILITY SUSTAINABLE STYRENICS RESOURCE-EFFICIENT OPERATIONS RESPONSIBLY OUR COMMITMENT 5 TO SUSTAINABILITY MESSAGE FROM OUR CEO & OUR COMMITMENT TO SHAPING THE FUTURE WITH ENSURING SAFE AND VALUING OUR PEOPLE MANAGING OUR BUSINESS ANNEXE BOARD MEMBERS’ VIEW SUSTAINABILITY SUSTAINABLE STYRENICS RESOURCE-EFFICIENT OPERATIONS RESPONSIBLY OUR COMMITMENT TO SUSTAINABILITY 6 For INEOS Styrolution, sustainability is a lever for growth and will enable us 3,500+ 10 20 6 R&D 24 sales to tap into new and emerging business EMPLOYEES COUNTRIES PRODUCTION SITES CENTERS offices models. We are committed to enabling a circular economy for styrenics, further APPROX. 1,000 improving our carbon footprint and PATENTS promoting sustainable operations o throughout our entire value chain. N 1 + 90 founded in GLOBAL 2011 + LEADER YEARS of experience 4,000 in styrenics CUSTOMERS in styrenics INEOS STYROLUTION + AT A GLANCE 1,500 PRODUCTS INEOS Styrolution is the leading global styrenics supplier with a focus on styrene 3,717 KILOTONNES monomer, polystyrene, ABS standard and OF STYRENE MONOMER, styrenic specialties. As of December 31, 2019, POLYSTYRENE, ABS STANDARD & STYRENICS SPECIALTIES SOLD the company operated 20 manufacturing sites in Belgium, Canada, China, France, Germany, India, Mexico, South Korea, Thailand and USA, + with six R&D centres and 24 sales offices 2,000 APPLICATIONS ACROSS SEVEN INDUSTRIES around the globe. 4.9
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