Ingevity releases 2023 sustainability report, details commitment to actions and product innovations that enable a more sustainable world
The company’s “catalyst for good” report provides information on 2023 activity, focusing on four sustainability catalysts for long-term value creation for customers, employees, communities and investors. The report details global environmental benefits realized through applications of Ingevity’s sustainable product portfolio, continued investment in local communities through philanthropy and volunteerism and company-wide efforts to support an inclusive culture and advance sustainability targets.
Highlights include:
- 92% of 2023 revenue generated from products that contribute to the United Nations Sustainable Development Goals, aligning with Ingevity’s commitment as a participant with the United Nations Global Compact
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Achieved ISCC+ Mass Balance accreditation at the company’s
Warrington, UK , facility for the use of sustainable feedstocks to advance the transition to a circular economy -
Recognized with an EcoVadis Silver rating for sustainability efforts, placing
Ingevity in the top quartile of all responding companies - Surpassed greenhouse gas (GHG) intensity reduction goals one year ahead of target in Performance Materials and Advanced Polymer Technologies manufacturing operations
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Contributed 4,200 volunteer hours and
$1.6 million to surrounding communities of Ingevity’s locations via the IngeviCares philanthropy program
In 2023,
“Sustainability is central to everything we do at Ingevity,” said Dr.
Sustainability goals announced in 2023 include a commitment to becoming carbon neutral for Scope 1 and Scope 2 absolute GHG emissions from manufacturing operations by 2050, achieving American Chemistry Council’s top quartile in personal and process safety performance by 2028 and continuing to invest in the communities where the company operates through funding and volunteerism.
Ingevity’s 2023 report is governed by its material issues, stakeholder interests, business priorities and is reported with reference to the GRI Standards, core option, and aligned with the SASB standard for chemicals. The report, indices and further information on the company’s sustainability initiatives can be found here.
Forward-looking statements:
This press release contains “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “goal,” “outlook,” “believes,” “anticipates” or similar expressions. Forward-looking statements may include, without limitation, statements which relate to the purpose, ambitions, aims, commitments, targets, plans and objectives of Ingevity’s sustainability goals and anticipated product benefits and performance. Forward-looking statements are not representations or warranties or guarantees of future results. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, such factors described under Part I, Item 1A. Risk Factors in our most recent Annual Report on Form 10‑K, as well as in our other filings with the
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Contact:
843-740-2068
caroline.monahan@ingevity.com
Investors:
843-740-2002
investors@ingevity.com
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