Ingevity highlights actions as a catalyst for good in 2022 sustainability report, announces new sustainability goals
18 Maggio 2023 - 3:00PM
Business Wire
Ingevity Corporation (NYSE:NGVT) today published its 2022
sustainability report highlighting advancements in the company’s
environmental, social and governance (ESG) goals, long-term vision
for operating sustainably and ongoing commitment to delivering
renewably sourced and biodegradable products that assist customers
and end users with reducing ecological impact. The company also
announced new sustainability goals for advancing environmental,
safety and community impact initiatives.
“Ingevity was at the forefront of manufacturing sustainable
products long before anyone was even talking about sustainability.
It’s in our DNA,” said Ingevity president and CEO, John Fortson.
“And while our chemistries and technologies are the catalysts for
our sustainability journey, we know our ability to purify, protect
and enhance extends far beyond the benefits of our products.”
The company’s “catalyst for good” report provides information on
2022 activity, focusing on four sustainability catalysts for
long-term value creation for customers, employees and investors.
Additional features in this report include:
- Highlight on the company’s diversification of renewable raw
materials to include development of alternative bio-based
feedstocks
- Report on alignment with United Nations Sustainable Development
Goals (UNSDG) specific to each sustainability catalyst
- Introduction of the company’s Sustainability and Safety
Committee, established by the Board of Directors in 2022
“Our 2022 sustainability report brings to life the great work
our employees are doing at every Ingevity location,” added Fortson.
“I’m proud of how our efforts to operate sustainably in 2022 helped
us advance to EcoVadis Gold, receive recognition as one of
America’s Most Responsible Companies from Newsweek Magazine and
build on our reputation as a forward-looking, sustainable solutions
provider.”
Ingevity’s new sustainability goals include an environmental
initiative for manufacturing operations to achieve carbon
neutrality for scope 1 and scope 2 absolute greenhouse gas
emissions, and two goals to advance safety performance and
community funding and volunteerism initiatives.
Separate Global Reporting Initiative (GRI) and Sustainability
Accounting Standards Board (SASB) indices were published on
Ingevity’s website as companion documents.
Ingevity’s 2022 report is governed by its material issues,
stakeholder interests, business priorities and the requirements of
the Global Reporting Initiative’s Standards, core option, and is
aligned with the Sustainability Accounting Standards Board (SASB)
standard for chemicals. Ingevity self-certifies the information
contained in the index and data appendix is as accurate and
inclusive as possible as reflected by the management systems that
were in place prior to January 1, 2023. The report, indices and
further information on the company’s sustainability initiative 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 Chemicals, which includes specialty chemicals and
pavement technologies; Advanced Polymer Technologies, which
includes biodegradable plastics and polyurethane materials; and
Performance Materials, which includes activated carbon. Our
products are used in a variety of demanding applications, including
adhesives, agrochemicals, asphalt paving, bioplastics, coatings,
elastomers, lubricants, pavement markings, publication inks, oil
exploration and production and automotive components that reduce
gasoline vapor emissions. Headquartered in North Charleston, South
Carolina, Ingevity operates from 31 countries around the world and
employs approximately 2,050 people. The company’s common stock is
traded on the New York Stock Exchange (NYSE:NGVT). For more
information visit www.ingevity.com. Follow Ingevity on
LinkedIn.
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,” “outlook,” "guidance," “believes,”
“anticipates” or similar expressions. Forward-looking statements
may include, without limitation, the potential benefits of any
acquisition or investment transaction, expected financial
positions, expected financial positions, guidance, results of
operations and cash flows; financing plans; business strategies and
expectations; operating plans; impact of COVID-19; capital and
other expenditures; competitive positions; growth opportunities for
existing products; benefits from new technology and cost-reduction
initiatives, plans and objectives; litigation related strategies
and outcomes; markets for securities and expected future
repurchases of shares, including statements about the manner,
amount and timing of repurchases. 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, adverse effects from general global economic,
geopolitical and financial conditions beyond our control, including
inflation and war in Ukraine; risks related to our international
sales and operations; adverse conditions in the automotive market;
competition from substitute products, new technologies and new or
emerging competitors; worldwide air quality standards; a decrease
in government infrastructure spending; adverse conditions in
cyclical end markets; the limited supply of or lack of access to
sufficient crude tall oil and other raw materials; issues with or
integration of future acquisitions and other investments; the
provision of services by third parties at several facilities;
adverse effects from the COVID-19 pandemic; supply chain
disruptions; natural disasters and extreme weather events; or other
unanticipated problems such as labor difficulties (including work
stoppages), equipment failure or unscheduled maintenance and
repair; attracting and retaining key personnel; dependence on
certain large customers; legal actions associated with our
intellectual property rights; protection of our intellectual
property and other proprietary information; information technology
security breaches and other disruptions; complications with
designing or implementing our new enterprise resource planning
system; government policies and regulations, including, but not
limited to, those affecting the environment, climate change, tax
policies, tariffs and the chemicals industry; and losses due to
lawsuits arising out of environmental damage or personal injuries
associated with chemical or other manufacturing processes, and the
other factors detailed from time to time in the reports we file
with the SEC, including those described in Part I, Item 1A. Risk
Factors in our 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 of this press release.
Ingevity assumes no obligation to provide any revisions to, or
update, any projections and forward-looking statements contained in
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230518005414/en/
Caroline Monahan 843-740-2068 caroline.monahan@ingevity.com
Investors: John E. Nypaver, Jr. 843-740-2002
investors@ingevity.com
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