Sustainable Sourcing

Palm and Palm Kernel Oil Derivatives

At Innospec we use relatively small volumes of palm oil and palm kernel oil derivatives in a number of our performance chemicals products. Palm products are a valuable, natural resource sourced from high-yielding and land-efficient plantations. However, we recognize that increasing demand for palm oil and palm kernel oil has led to the rapid expansion of palm oil plantations, which in turn has had an adverse effect on the environment and the local communities living in these areas.

As a member of RSPO (Round Table on Sustainable Palm Oil) since 2013, we have a long-term commitment to the responsible sourcing of palm-based raw materials. To demonstrate this, all our facilities that handle palm-based materials are RSPO mass balance (MB) supply chain certified and we continue to do everything we can to support and encourage the sale of RSPO certified products to our customers. Innospec understand the importance of our role in encouraging the transition to more sustainable practices.

Check out our progress at www.rspo.org

We continue to work with our suppliers to ensure that all the palm-based materials we procure will be from sustainable sources that comply with our Principles for Sustainable Palm and Palm Oil Derivatives Sourcing, as outlined in our Sustainable Sourcing of Palm and Palm Kernel Oil Derivatives Policy:

Sustainable Sourcing of Palm Oil and Palm Kernel Oil Derivative Policy

Details of our action plan, timeline and progress against meeting these policy commitments can be found in our annual progress report.

Implementation Action Plan and Progress Report

RSPO Mass Balance Supply Chain Certificate

To enable us to achieve our commitment, all applicable Innospec manufacturing sites are RSPO mass balance (MB) supply chain certified and as such we are able to offer our customers RSPO MB versions of our products on request.

Our RSPO mass balance supply chain certificate is available below:

Innospec Inc. - BMT-RSPO-000459

Increased Transparency

Increasing the transparency of our palm supply chain helps us to highlight any differences and potential opportunities for improvement between our commitments and those of our suppliers.

Transparency Results:

In 2022, we completed our fifth annual palm transparency and risk mapping exercise that uses an established methodology endorsed by external stakeholders, rating agencies and coalitions. Working with our direct and indirect suppliers we evaluated our 2021 palm volumes. Although the number of suppliers in the scope of the investigation increased, we were still able to maintain high levels of transparency, especially at mill level which increased to 96%. The decreased transparency at refinery and plantation level is due to low transparency within one of our direct supplier’s supply chain. We also updated our risk assessment at geographical level. Overall, the transparency results achieved for 2021 palm volume indicated a high level of transparency and are higher than the Action for Sustainable Derivatives (ASD) Oleochemical manufacturers member averages of 94% at refinery level and 92% at mill level. We are committed to undertaking the analysis of our supply chain annually and in 2022 we will be engaging with our suppliers to work towards our target of full transparency at mill level.

Disclosure

Access our public supplier list of palm oil and palm oil derivatives. Please click here:

Innospec Inc Palm Oil Mill List

Access our public list of mills potentially connected to our palm supply chain. Please click here:

Innospec Inc Palm Refineries and Crushers List

Action for Sustainable Derivatives

In 2020, Innospec joined the collaborative initiative; Action for Sustainable Derivatives (ASD) which aims to develop a harmonized approach to supply chain transparency, risk monitoring and evaluation.

The initiative is co-facilitated by Business for Social Responsibility (BSR) and Transitions, two organizations with expertise in the field of supply chain sustainability.

ASD brings together a number of likeminded companies to collectively standardize the tools and methodologies used to accelerate the compliance of their supply chain with deforestation-free and responsible sourcing principles. The initiative aims to create global, transparent mapping of the palm derivatives supply chain, and to harmonize approaches on transparency, risk monitoring and evaluation.

Action for Sustainable Derivatives

Palm Supply Grievance Procedure

Innospec’s Palm Grievance Procedure provides a clear process for the identification, investigation and resolution of external grievances concerning the implementation of Innospec’s Sustainable Sourcing of Palm and Palm Kernel Oil Derivatives policy. We aim to provide a clear, appropriate and prompt response to any applicable grievance raised.

Innospec Palm Grievance Procedure