In a high rise residential building it's a nightmare to evacuate, so until that becomes necessary (as it did at Grenfell and one of the other phases looked at whether emergency services were wrong to delay so long and why that happened) the preference is to compartmentalize as you would on a ship (can't evacuate those either). As a result of this approach to fire fighting it's critical that fire cannot spread between compartments. Flat #1 is on fire, a team comes out, they fight the fire, maybe Flat #1 is completely ruined, but the people in Flat #2 are just annoyed by the smell of smoke and the debris, they aren't actually in danger. At Grenfell this cladding meant the fire was able to spread outside the building defeating compartmentalization, in hindsight once that happened it would be impossible to contain it.
So the height of the building isn't just why this is news, it's also why it was a problem.
Plastic materials were a villain. A black polyurethane couch could catch the rays of a H-Bomb fireball 100 kilometers array and within 15 seconds create a fireball in the room. Details like that create a lot of uncertainty about causalities.
Closer to home your Fire Marshall could demonstrate for you why you should not smoke in bed or what happens to a car when you light the passenger seat with a Zippo.
Common natural materials have safety properties against fire. For instance, if I got too close to a fire, a wool sweater would form a char, "ablating" like the Apollo spacecraft heat shield. An acrylic sweater would melt and probably transfer more heat to my skin and make it more likely that I get burned, if it doesn't ignite itself.
If the EPS (expanded polystyrene) is covered by fiberglass insulation and/or drywall, it will last sufficiently long for you to escape from a fire.
Just looking up the product now, the brochure says "Please consult a fire engineer when specifying GreenStuf insulation ". That certainly didn't happen. Oops. But as another replyer said, it doesn't really matter for a normal house. It might burn down but you'd have escaped because of smoke alarms and just walking out the door.
The polystyrene is exposed to the outside with no covering.
You probably don't live in the same country as me so the rules are different.
No. EPS offgasses badly when heated. It also assumes that your coverage is 100% in drywall.
If you have fibreglass, then you are sunk. Rockwool/mineralwool then you are much better.
Fires won't propagate up or down a properly built skyscraper except by the flames lapping up from floor 14 starting a fire on a floor 15.
Mind you, it's a garret in a mansard roof, so before the Celotex it was just wood and bitumen, not exactly fireproof either.