Innospec Inc 2023 SR
The report highlights Innospec's strong financial and sustainability performance in 2023, featuring the strategic acquisition of QGP Química Geral S.A. in Brazil to expand its specialty chemicals footprint. The company achieved a 35% reduction in absolute Scope 1 and 2 greenhouse gas emissions since 2014 and conducted its first global Scope 3 assessment. Investment in research and technology increased by 8% to $41.7 million, supporting the development of sustainable products like the Dynamico gasoline detergent and water-based oilfield technologies. Safety remained a top priority, with the company achieving zero fatalities and a lost time accident frequency rate below the industry average. Additionally, Innospec continued its commitment to social responsibility through the Innospec Cares program and significant donations to the PenFed Foundation.
Company: Innospec Inc
Sector: Materials
Country: United States
Year: 2023
Type: SR
Pages: 57
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Innospec Inc
Sustainability Report
The report highlights Innospec's strong financial and sustainability performance in 2023, featuring the strategic acquisition of QGP Química Geral S.A. in Brazil to expand its specialty chemicals footprint. The company achieved a 35% reduction in absolute Scope 1 and 2 greenhouse gas emissions since 2014 and conducted its first global Scope 3 assessment. Investment in research and technology increased by 8% to $41.7 million, supporting the development of sustainable products like the Dynamico gasoline detergent and water-based oilfield technologies. Safety remained a top priority, with the company achieving zero fatalities and a lost time accident frequency rate below the industry average. Additionally, Innospec continued its commitment to social responsibility through the Innospec Cares program and significant donations to the PenFed Foundation.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Jul 1, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees