We pride ourselves on being open and transparent about our performance, which is why our Responsible Business report is independently verified every year to ensure it is accurate and evidence based.
We also participate in a number of programs and initiatives to benchmark our performance against industry best practice and our peers.
Innospec participated in the CDP (formally the Carbon Disclosure Project) Supply Chain Disclosure Program again in 2017. 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.
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.
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. Find out more in our Supply Chain Management Section.
We 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.