- Slight increase (0.4%) in total absolute scope 1 and 2 GHG emissions in 2023 compared to 2022, due to new combined heat and power plant startup
- Overall increase in waste intensity due to market downturn, product mix changes, and one-off construction waste disposal
- Maintaining compliance with evolving global chemical regulations
- Cybersecurity threats
Innospec Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Innospec Inc. disclosed greenhouse gas emissions of 79.9K metric tonnes CO2 equivalent (scope 1 & 2). By scope: Scope 1: 38.9K tCO2e; Scope 2: 44.4K tCO2e; Scope 3: 2.4M tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
79.9K metric tonnes CO2 equivalent (scope 1 & 2)
2023
Renewable Energy
19% (78,550 MWh)
of total energy
Water Usage
3.89 m3 per metric tonne of product
2023
Waste
69 kg per metric tonne of product
2023
Energy Use
3.02 GJ per metric tonne of product
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 38.9K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 44.4K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.4M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 79.9K metric tonnes CO2 equivalent (scope 1 & 2) |
| 2022 | 63.7K metric tonnes CO2 equivalent (scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions by 35% since 2014 (scope 1 & 2)
- 12 of 13 manufacturing facilities procured 100% renewable electricity
- 9% less water used per metric tonne of product compared to 2014
- Developed Tanwax C 18 nano, a natural fruit coating extending shelf life by 15+ days
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 10% compared to 2020 by 2030 (scope 1 and 2 purchased steam)
- Reduce Loss of Containment (LOC) events by 5% compared to 2023
- Achieve 95% compliance with corporate process safety standards by end 2024
- Implement a new enhanced compliance screening regime for third parties and suppliers
📅 Medium-term
- Target zero 2024 Global LTAFR, exceeding industry average performance
- Conduct a physical climate risk assessment of all manufacturing facilities
- Engage with EcoVadis low-scoring suppliers to develop corrective action plans
🔭 Long-term
- Achieve net zero emissions by 2050
🌱 ESG Focus Areas
Environmental impactProduct sustainabilityHealth, safety and well-beingEmployeesCommunity engagementLegal complianceThird-party management