Ingevity releases 2023 sustainability report, details commitment to actions and product innovations that enable a more sustainable world

By: Ingevity Corporation via Business Wire

June 13, 2024 at 09:00 AM EDT

Ingevity Corporation (NYSE: NGVT) today published its seventh annual Sustainability Report highlighting the advancement of environmental, social and governance sustainability initiatives and commitment to innovating products that assist customers and end users with reducing ecological impact.

The company’s “catalyst for good” report provides information on 2023 activity, focusing on four sustainability catalysts for long-term value creation for customers, employees, communities and investors. The report details global environmental benefits realized through applications of Ingevity’s sustainable product portfolio, continued investment in local communities through philanthropy and volunteerism and company-wide efforts to support an inclusive culture and advance sustainability targets.

Highlights include:

92% of 2023 revenue generated from products that contribute to the United Nations Sustainable Development Goals, aligning with Ingevity’s commitment as a participant with the United Nations Global Compact
Achieved ISCC+ Mass Balance accreditation at the company’s Warrington, UK, facility for the use of sustainable feedstocks to advance the transition to a circular economy
Recognized with an EcoVadis Silver rating for sustainability efforts, placing Ingevity in the top quartile of all responding companies
Surpassed greenhouse gas (GHG) intensity reduction goals one year ahead of target in Performance Materials and Advanced Polymer Technologies manufacturing operations
Contributed 4,200 volunteer hours and $1.6 million to surrounding communities of Ingevity’s locations via the IngeviCares philanthropy program

In 2023, Ingevity appointed the company’s first Chief Sustainability Officer responsible for overseeing the development and implementation of Ingevity’s sustainability and impact strategy, metrics and reporting, and integrating cross-departmental initiatives focused on helping customers advance toward sustainability targets.

“Sustainability is central to everything we do at Ingevity,” said Dr. Michael Tschantz, Ingevity chief sustainability officer and vice president, government relations. “It’s not only in our legacy, but also in our vision for the future as we continue to invest in research and development, manufacturing capabilities and new applications to deliver better and more sustainable solutions for today and for the future.”

Sustainability goals announced in 2023 include a commitment to becoming carbon neutral for Scope 1 and Scope 2 absolute GHG emissions from manufacturing operations by 2050, achieving American Chemistry Council’s top quartile in personal and process safety performance by 2028 and continuing to invest in the communities where the company operates through funding and volunteerism.

Separate Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) indices were published on Ingevity’s website in a companion document.

Ingevity’s 2023 report is governed by its material issues, stakeholder interests, business priorities and is reported with reference to the GRI Standards, core option, and aligned with the SASB standard for chemicals. The report, indices and further information on the company’s sustainability initiatives can be found here.

Ingevity: Purify, Protect and Enhance

Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, which includes caprolactone polymers; and Performance Chemicals, which includes specialty chemicals and road technologies. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, lubricants, pavement markings, oil exploration and production and automotive components. Headquartered in North Charleston, South Carolina, Ingevity operates from 31 countries around the world and employs approximately 1,700 people. The company’s common stock is traded on the New York Stock Exchange (NYSE: NGVT). For more information, visit ingevity.com.

Forward-looking statements:

This press release contains “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “goal,” “outlook,” “believes,” “anticipates” or similar expressions. Forward-looking statements may include, without limitation, statements which relate to the purpose, ambitions, aims, commitments, targets, plans and objectives of Ingevity’s sustainability goals and anticipated product benefits and performance. Forward-looking statements are not representations or warranties or guarantees of future results. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, such factors described under Part I, Item 1A. Risk Factors in our most recent Annual Report on Form 10‑K, as well as in our other filings with the SEC. These forward-looking statements speak only to management’s beliefs as of the date this press release is first published. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.