Ingevity Corp. has published its seventh annual Sustainability Report. The new report highlights the advancement of environmental, social and governance sustainability initiatives within the company and its commitment to innovating products that assist customers and end users with reducing ecological impact.
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
- 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
- Contributed 4,200 volunteer hours and $1.6 million to surrounding communities of Ingevity’s locations via the IngeviCares philanthropy program
In 2023, Ingevity appointed the company’s first chief sustainability officer responsible for overseeing the development and implementation of its sustainability and impact strategy, metrics and reporting, and integrating cross-departmental initiatives focused on helping customers advance toward sustainability targets.
"Sustainability is central to everything we do at Ingevity," said Dr. Michael Tschantz, Ingevity chief sustainability officer and vice president, government relations. "It's not only in our legacy, but also in our vision for the future as we continue to invest in research and development, manufacturing capabilities and new applications to deliver better and more sustainable solutions for today and for the future."
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.
Separate Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) indices were published on Ingevity’s website in a companion document.
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.
Learn more about Ingevity at www.ingevity.com.
