Once again, Innospec scored above the CDP (formerly the Carbon Disclosure Project) Supply Chain Disclosure Program average and industry activity group average in 2017.
Using the more stringent methodology and scoring framework introduced in 2017 by CDP, we achieved a performance band score of C: Awareness which compares favorably with the CDP program average and industry activity group average of D: Disclosure.
CDP is the largest collection globally of self-reported climate change, water and forest risk data. Through CDP data, investors are better able to mitigate risk and make investment decisions that drive action towards a more sustainable world.
We were also rated B- in the Supplier Engagement Rating (SER) assessment, again comparing very favorably with the CDP program average and region / country average score of D. This assessment aims to highlight active supplier engagement strategies and successful supply chain management and minimize environmental impacts within the value chain. This rating enables companies to gain a better understanding of how they measure up to peers in terms of managing supply chain emissions.
In addition, we also take part in the EcoVadis supply chain sustainability platform to independently evaluate our environmental, labor and fair business practices. Our last assessment took place in 2016 where we were awarded the EcoVadis Silver status for the 2nd time. Our next assessment is due to take place in 2018.