Ingevity Releases New Sustainability Report
Ingevity Corp. has published its seventh annual Sustainability Report. The company reports that 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."
Source: Ingevity