Ingevity releases 2023 sustainability report, details commitment to actions and product innovations that enable a more sustainable world
June 13 2024 - 9:00AM
Business Wire
Ingevity Corporation (NYSE:NGVT) today published its seventh
annual Sustainability Report highlighting the advancement of
environmental, social and governance sustainability initiatives and
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 Ingevity’s 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.”
Sustainability goals announced in 2023 include a commitment to
becoming carbon neutral for Scope 1 and Scope 2 absolute GHG
emissions from manufacturing operations by 2050, achieving American
Chemistry Council’s top quartile in personal and process safety
performance by 2028 and continuing to invest in the communities
where the company operates through funding and volunteerism.
Separate Global Reporting Initiative (GRI) and Sustainability
Accounting Standards Board (SASB) indices were published on
Ingevity’s website in a companion document.
Ingevity’s 2023 report is governed by its material issues,
stakeholder interests, business priorities and is reported with
reference to the GRI Standards, core option, and aligned with the
SASB standard for chemicals. The report, indices and further
information on the company’s sustainability initiatives can be
found here.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect
and enhance the world around us. Through a team of talented and
experienced people, we develop, manufacture and bring to market
solutions that help customers solve complex problems and make the
world more sustainable. We operate in three reporting segments:
Performance Materials, which includes activated carbon; Advanced
Polymer Technologies, which includes caprolactone polymers; and
Performance Chemicals, which includes specialty chemicals and road
technologies. Our products are used in a variety of demanding
applications, including adhesives, agrochemicals, asphalt paving,
certified biodegradable bioplastics, coatings, elastomers,
lubricants, pavement markings, oil exploration and production and
automotive components. Headquartered in North Charleston, South
Carolina, Ingevity operates from 31 countries around the world and
employs approximately 1,700 people. The company’s common stock is
traded on the New York Stock Exchange (NYSE:NGVT). For more
information, visit ingevity.com.
Forward-looking statements:
This press release contains “forward-looking statements” within
the meaning of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995. Such
statements generally include the words “will,” “plans,” “intends,”
“targets,” “expects,” “goal,” “outlook,” “believes,” “anticipates”
or similar expressions. Forward-looking statements may include,
without limitation, statements which relate to the purpose,
ambitions, aims, commitments, targets, plans and objectives of
Ingevity’s sustainability goals and anticipated product benefits
and performance. Forward-looking statements are not representations
or warranties or guarantees of future results. Actual results could
differ materially from the views expressed. Factors that could
cause actual results to materially differ from those contained in
the forward-looking statements, or that could cause other
forward-looking statements to prove incorrect, include, without
limitation, such factors described under Part I, Item 1A. Risk
Factors in our most recent Annual Report on Form 10‑K, as well as
in our other filings with the SEC. These forward-looking statements
speak only to management’s beliefs as of the date this press
release is first published. Ingevity assumes no obligation to
provide any revisions to, or update, any projections and
forward-looking statements contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240613003961/en/
Contact: Caroline Monahan 843-740-2068
caroline.monahan@ingevity.com
Investors: John E. Nypaver, Jr. 843-740-2002
investors@ingevity.com
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