Innospec Inc

Share Price: 63.25

Activities

Focus areas and Progress on Activities 2015 / 2016

In order to ensure that our focus areas are embedded within our company we have identified our activities for 2015 & 2016. These have been established as clear company objectives and targets, which ensures that we are all working towards the same sustainability goals and that we can evaluate our progress. Below is an update of our 2015 activities and our plans for 2016.

  • Health, safety & wellbeing

      Focus Activities for 2015/2016:
    • Protect the health and safety of employees and third parties.
    • Enhance our behavioural safety program.
    • Implement and comply with corporate process safety standards.
    • Reduce loss of containment (LOC) events.
      Progress in 2015 and plans for 2016:
    • All manufacturing and operational facilities have behavioural safety programs and are on track to achieve compliance with the corporate process safety standards. These programs will continue into 2016 and be reviewed and validated by our corporate Safety, Health and Environment (SHE) team.
    • Since 2014 there has been a 20% reduction in the number of LOC events having the potential to develop into a more serious event. Our LOC reduction program will continue into 2016.
  • Environment

      Focus Activities for 2015/2016:
    • Further develop our greenhouse gas (GHG) and energy reduction program.
    • Identify and evaluate water and waste reduction projects.
      Progress in 2015 and plans for 2016:
    • In 2015 we established a climate change position statement and improved our CDP score.
    • In 2016 we will continue our on-going programs to reduce our resource use and increase the recycling / recovery of our waste streams.
  • Employees

      Focus Activities for 2015/2016:
    • Implement an internal communication and training program for our Sustainable Development Strategy
      Progress in 2015 and plans for 2016:
    • In 2016 we will utilize our Sustainable Development Network to identify communication and training approaches to help embed our strategy within the business.
  • Governance

      Focus Activities for 2015/2016:
    • Continued Round Table on Sustainable Palm Oil (RSPO) membership, certification & supply chain sourcing.
    • Implement an internal Sustainable Development reporting framework and guidelines.
      Progress in 2015 and plans for 2016
    • Certification of all our applicable manufacturing facilities in 2015 means that we can now offer RSPO Mass Balance certified products to our customers, subject to supply chain availability.
    • In 2016, we will introduce our new Environmental Performance reporting (EPR) platform, to all our manufacturing facilities, standardizing data reporting across the group.
  • Product sustainability and innovation

      Focus Activities for 2015/2016:
    • Development of an Innospec sustainable evaluation assessment criteria.
      Progress in 2015 and plans for 2016:
    • In 2015, we identified a set of sustainability criteria based on a product’s life cycle.
    • In 2016 we will trial the criteria on new products and develop a program of work to assess existing products.
  • Community engagement

      Focus Activities for 2015/2016:
    • In addition to the many existing local community initiatives identify a corporate centrally supported community project.
      Progress in 2015 and plans for 2016:
    • In 2016 the Innospec cares program will be launched that will make additional funds available to local charities and good causes chosen by our employees.
  • Supply chain management

      Focus Activities for 2015/2016:
    • Establish a supplier sustainability performance assessment.
    • Develop a supply chain risk location map that evaluates key environmental, governance and societal risks.
      Progress in 2015 and plans for 2016:
    • In 2015 we reviewed and assessed a range of supplier assessment systems and selected the EcoVadis platform to partner with.
    • In 2016 we will conduct a sustainability assessment and risk mapping exercise of our top 50 raw material suppliers.

For more information, please read our Sustainable Development Report or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

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