Our objectives for 2026 and beyond
Environmental
- Deliver a 50% reduction in Scope 1 and 2 absolute GHG emissions by 2034 from a 2014 baseline.
- Deliver a 28% reduction in Scope 3 absolute GHG emissions by 2034 from a 2022 baseline.
- Ensure all manufacturing sites use 100% renewable electricity or procure verified renewable energy certificates to cover consumption by 2030.
- All manufacturing sites to identify viable options for projects that reduce energy consumption, waste generation and water usage, enhance wastewater quality, and increase recycling.
Social
- Target zero fatalities or major work-related injury accidents to employees or third parties in 2026.
- Target zero 2026 Global LTAFR but as a minimum always exceed the industry average performance.
- Target the reduction of serious and very serious Loss of Containment (LOC) events by at least 5% from 2025.
Social
- Continue to implement and comply with the corporate process safety standards, aiming for greater than 95% compliance by the end of 2026.
- Advance the People & Culture Plan using insights from the 2024 employee survey and focus group workshops.
- Update the Human Rights Policy and Supplier Code of Conduct to align with international standards and strengthen due-diligence expectations for suppliers.
- All sites to take part in the Innospec Cares volunteering and charitable giving program.
Governance
- Complete the company’s Double Materiality Assessment by the end of 2026, to meet the disclosure and reporting requirements of the EU Corporate Sustainability Reporting Directive (CSRD).
- Develop and implement a strategy to further expand non‑financial data collection through the Global Non‑Financial Reporting Platform and implement CSRD-aligned controls for assurance-ready reporting for FY 2028.
- Develop and implement the requirements of the EU Deforestation Regulation for applicable commodities by the end of 2026.
- Target 100% transparency at mill level in our annual transparency and risk mapping exercise for palm volumes sourced by 2028.
- Identify responsible AI adoption opportunities to support legal compliance processes.