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.
CDP (formerly the Carbon Disclosure Project) is a global disclosure system that enables companies to measure and manage their environmental impacts. Through CDP data, investors are better able to mitigate risk and make investment decisions that drive action towards a more sustainable world.
In 2019, Innospec participated in the CDP Supply Chain Climate Change Disclosure Program for the fifth consecutive year, achieving a performance band score of B: Management. This score compares favourably with CDP's sector average for our industry and region of C. We also submitted a CDP Supply Chain Water Disclosure questionnaire. We achieved a score of B-: Management, meeting the programs global average of B-.
We were also rated B- in the Supplier Engagement Rating (SER) assessment, again comparing favourably with the CDP program average and region/country average score of C. This assessment aims to highlight active supplier engagement strategies, successful supply chain management and opportunities to minimize environmental impacts within the value chain. Find out more in our Supply Chain Management Section.
Our year-on-year improvement reflects the coordinated action we are taking on climate and water issues. For further information visit the CDP website.
Visit the CDP website.
EcoVadis is a supplier evaluation platform that uses evidence-based assessments to rate the CSR and Sustainable Procurement performance of over 65,000 organisations, across 200 industries and in 160 countries. The platform independently evaluates a broad range of non-financial management systems including Environmental, Labor & Human Rights, Ethics and Sustainable impacts. The assessment scores suppliers out of 100 and provides guidance on the suppliers' strengths and areas for improvement. This supports assessed companies in focusing their sustainability efforts and developing corrective action plans to improve their CSR performance.
Innospec has actively taken part in the EcoVadis supply chain sustainability platform assessments since 2014; previously achieving Silver Ratings. This year, we were pleased to announce that Innospec has achieved a Gold Rating for our sustainability performance, for the second year running. Achieving a gold medal puts Innospec in the top 5% of all companies evaluated in our sector globally. In addition, we are recognized as 'Advanced' in the environmental, sustainable procurement, labour and human rights categories. Our next assessment is due to take place in 2021.
- Site Third-Party Certification
Our worldwide site third-party certifications include: