Sustainable Sourcing of Palm
We use relatively small volumes of palm oil and palm kernel oil derivatives in some of our performance chemicals products. However, we recognize we have an important role to play in driving the sustainable sourcing of palm oil for use in the markets in which we operate.
- Sustainable Palm Sourcing Policy
- Sustainable Palm Sourcing Policy Implementation
We 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 Palm Sourcing Policy.
Our policy defines our commitments and the steps we are taking towards ensuring that our products are produced only from sustainable palm sources that comply with NDPE (no Deforestation, no Peat, no Exploitation) principles and the upcoming EU Deforestation Regulation.
We regularly engage with our suppliers to work towards all palm-based material we procure being sourced from sustainable sources that comply with NDPE principles.
Details of our action plan, timeline and progress against meeting these policy commitments can be found in our annual progress report.
- RSPO Membership
- Palm Supply Grievance Procedure
- Sustainable Palm Index
As a member of the Roundtable on Sustainable Palm Oil (RSPO) since 2013, we have a long-term commitment to source palm-based raw materials responsibly. All our facilities that handle palm-based materials are RSPO mass balance (MB) supply chain certified. We are therefore able to supply our customers with RSPO MB certified products on request.
Innospec is committed to supporting the RSPO vision “a global partnership to make palm oil sustainable’’. Shared Responsibility (SR) is a set of responsibilities adopted by RSPO members to achieve this vision. We comply with the RSPO Shared Responsibility (SR) requirements, as shown in our evidence declaration and required documentation that can be found on Innospec’s MyRSPO profile located on the RSPO website.
Our Palm Supply Grievance Procedure details the process to be followed for any external palm grievance or concern to be investigated and resolved in a timely, transparent and effective manner.
Sustainable Palm Index (SPI)
Innospec Performance Chemicals received an ‘A’ rating following our participation in the 2023 Sustainable Palm Index (SPI) campaign, despite increasingly rigorous assessment criteria.
The SPI assessment is an evaluation scorecard for suppliers of palm-based derivatives, aimed at assessing the level of commitment, processes and achievements in terms of sustainable sourcing (NDPE – No Deforestation, No Peat, No Exploitation) practices. It involves a self-disclosure with independent verification.
With 124 suppliers in total evaluated during the 2023 campaign, Innospec’s score of 74.6/100 compares favorably with the average score for all suppliers of 45/100. The result reflects the positive efforts we are making to achieve greater sustainability in the palm derivatives supply chain.
Our Membership to ASD
We have been members of Action for Sustainable Derivatives (ASD) since 2020. The collaborative initiative aims to use a harmonized approach to supply chain transparency, risk monitoring and engagement efforts to improve practices.
The initiative is co-facilitated by Business for Social Responsibility (BSR) and Transitions, two organizations with expertise in the field of supply chain sustainability.
The industry led group brings together like-minded companies to collectively tackle supply chain issues around palm oil and palm kernel oil derivatives and uphold the NDPE principles, respect human rights and support local livelihoods. The initiative aims to create transparent mapping of the global palm derivatives supply chain, and to harmonize approaches on transparency, risk monitoring and evaluation.