Innospec
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 58% 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 of approximately 2,063,030,000 kg CO2e for the year 2023. This figure 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 total emissions for 2022 were about 2,497,597,000 kg CO2e, indicating a reduction in emissions in 2023. Innospec has set ambitious climate commitments, aiming for a 10% reduction in Scope 1 and Scope 2 emissions by the end of 2030, based on a 2020 baseline. This target is part of a broader strategy to achieve a 52% reduction in operational greenhouse gas emissions since their 2006 baseline by 2050. Additionally, the company is evaluating options to reach net zero emissions by 2050, aligning with the Paris Climate Agreement. The company has made notable progress, achieving a 46% reduction in Scope 1 and 2 emissions compared to 2019 levels, primarily through sourcing 100% renewable electricity for all manufacturing sites. In terms of emissions intensity, Innospec has reported a 31% reduction in Scope 1 and 2 emissions per metric tonne of product since 2006. Overall, Innospec's commitment to reducing its carbon footprint reflects a proactive approach to sustainability and climate responsibility within the chemical industry.
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| 2006 | 2008 | 2010 | 2012 | 2013 | 2014 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 48,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 2 | 70,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Innospec is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
