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 carbon emissions figure of approximately 2,063,030,000 kg CO2e for the year 2023. This total includes 25,969,000 kg CO2e from Scope 1 emissions, 53,899,000 kg CO2e from Scope 2 emissions, and a significant 1,983,162,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions amounted to about 95,798,000 kg CO2e. In terms of historical performance, Innospec has made notable strides in reducing its greenhouse gas emissions. The company achieved a 52% reduction in Scope 1 and 2 emissions since its 2006 baseline, with a target to further reduce these emissions by 10% by the end of 2030. This interim objective is based on a 2020 baseline and applies to both Scope 1 and Scope 2 emissions. Additionally, Innospec has committed to evaluating options for achieving net zero emissions by 2050, aligning with the Paris Climate Agreement. This commitment reflects a long-term strategy to address climate change comprehensively across all scopes of emissions. Overall, Innospec's climate commitments and reduction initiatives demonstrate a proactive approach to sustainability, aiming for significant reductions in greenhouse gas emissions while contributing to global climate goals.
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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?
How Carbon Intensive is Innospec's Location?
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.
