Innospec Sustainability Profile
Innospec Inc., a leading global specialty chemicals company, is headquartered in the United States and operates across key regions including Europe and Asia. Founded in 1998, Innospec has established itself within the chemical industry, focusing on innovative solutions in personal care, fuel additives, and oilfield services. The company is renowned for its unique product offerings, which include high-performance surfactants and specialty additives that enhance product efficacy and sustainability. Innospec's commitment to quality and innovation has positioned it as a trusted partner in various markets, earning notable achievements such as industry awards for its environmentally friendly practices. With a strong emphasis on research and development, Innospec continues to drive advancements that meet the evolving needs of its diverse clientele.
DitchCarbon Score
How does Innospec's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Innospec's score of 33 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Innospec's reported carbon emissions
Innospec, headquartered in the US, reported a total of approximately 2,063,030,000 kg CO2e in 2023, with emissions distributed across various scopes: 25,969,000 kg CO2e (Scope 1), 53,899,000 kg CO2e (Scope 2), and a significant 1,983,162,000 kg CO2e (Scope 3). The company has set ambitious targets to reduce its greenhouse gas emissions, aiming for a 10% reduction in both Scope 1 and Scope 2 emissions by the end of 2030, based on a 2020 baseline. This commitment is part of a broader strategy to achieve net zero emissions by 2050, aligning with the Paris Climate Agreement. Innospec has also achieved a notable reduction of 52% in operational greenhouse gas emissions since its 2006 baseline year. This reduction reflects the company's ongoing efforts to enhance sustainability across its manufacturing sites. The company is actively working towards sourcing 100% renewable electricity, contributing to a 46% reduction in absolute Scope 1 and 2 emissions compared to 2019 levels. Overall, Innospec's climate commitments and reduction initiatives demonstrate a proactive approach to addressing climate change and reducing its carbon footprint across all operational scopes.
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| 2013 | 2014 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Innospec's Industry?
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Innospec's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Innospec has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
