The report expands on Ashland’s
“This ESG report stands alongside quarterly earnings, year-end results and long-term plans as a principal document for charting the evolution of the Ashland transformation,” said
1.5°C Science Based Emissions Reduction Targets
More than 1,000 businesses are working with the Science Based Targets initiative (SBTi) to reduce their emissions in line with climate science. Ashland has committed to set science-based emissions reduction targets across all relevant scopes1, in line with 1.5°C emissions scenarios to ensure the strongest ambition in the short-to -medium term. The campaign is led by the SBTi and backed by a global coalition of
United Nations Global Compact
The
Sourcing
Ashland has recently received Roundtable for Sustainable Palm Oil (RSPO) Supply Chain certification and achieved Forest Stewardship Council Chain of Custody Certification (FSC) and Programme for the Endorsement of Forest Certification (PEFC) and has established a program for responsible guar sourcing.
Regarding corporate social responsibility, Ashland has a partnership with
Ashland is continuing to partner with farmers in
Operations
Ashland has committed to completing Life Cycle Assessments for major product lines beginning with the personal care portfolio. Additionally, individual facilities have goals for the reduction of energy, hazardous waste and water.
Ashland is in the process of setting science-based targets to reduce greenhouse gas (GHG) emissions. Currently the company is preparing the submittal and will announce targets following approval. In the interim, Ashland has emissions and energy reduction goals (intensity based), as well as hazardous waste goals to drive continued improvement.
Solutions
Living sustainably is imperative to the planet and for the health and wellbeing of future generations. Consumers increasingly choose products that originate in nature with renewable resources, and they seek planet-friendly and biodegradable labels with assurance that ingredients are ethically sourced from farm to finished product.
Ashland has developed business-specific sustainability guides for customers to quickly identify sustainable products for their applications. Ashland’s personal care business focuses on natural, nature-derived, and biodegradable products. Furthermore, the company is expanding its COSMOS* validated product portfolio and innovating for vegan products. For life sciences and specialty additives, the sustainability focus is dependent on the industry, customers’ needs and the end use of the customer’s product. Recyclability, biodegradability and the circular economy are all driving factors.
Transparency
Ashland will continue reporting in line with the
Ashland is continuing to work to increase transparency in ESG, by participating in Sedex Members Ethical Trade Audit (SMETA) audits, disclosing on
Innovation strategy
As part of the company’s transformation, Ashland has integrated ESG into its business strategy which includes critical checkpoints within the innovation process to drive sustainable solutions.
Ashland has been recognized by the
To learn more visit ashland.com/ESG
About Ashland
1 In line with the criteria of the Science Based Targets initiative (SBTi), scope 3 targets are required whenever scope 3 emissions represent 40% or more of total emissions generated by the company.
* The COSMOS* standard is an international non-profit association that establishes common requirements and definitions for organic and/or natural cosmetics. It was developed at the European and international level by the founders of the COSMOS* standard AISBL.
™ Trademark, Ashland or its subsidiaries, registered in various countries.
FOR FURTHER INFORMATION:
Investor Relations: | Media Relations: |
+1 (302) 594-5010 | +1 (302) 995-3158 |
samrozek@ashland.com | ccbrown@ashland.com |
Attachments
- Ashland releases ESG Report and webpages FNL 20221017
- Ashland launches 2021 Environment, Social and Governance Report, Webpages, Videos
- Ashland focuses on I&D and STEM
- Ashland governs transparently
Ashland launches 2021 Environment, Social and Governance Report, Webpages, Videos
Ashland’s inaugural ESG Report is the manifestation of the company's commitment and work behind global environment, social and governance (ESG) activities. It is the holistic convergence of everything interconnecting ESG, as well as sourcing, operations and solutions. The report is a dynamic pdf so viewers can move between content within the Report. The company also launched new ESG website pages with an enhanced Social, I&D and STEM focus. The pages include videos with company leaders that demonstrate how everyone in the company fits into Ashland’s ESG programs. https://www.ashland.com/esg/esg-overview
Ashland focuses on I&D and STEM
Ashland affirms the most important asset of any great company is its people and extends that mindset beyond the company's walls and into the wider world as part of its Social community outreach, supplier agreements, capital deployment, and customer relationships. The company recognizes diversity as a competitive advantage and that having more, and different voices, leads to better solutions. New company webpages focus on I&D and STEM and demonstrate Ashland's unique approach to science, technology, engineering and mathematics (STEM) by framing its efforts within the company’s larger purpose to responsibly solve for a better world. https://www.ashland.com/esg/social
Ashland governs transparently
At Ashland, solving is the company's promise and passion. In today’s rapidly changing world, Ashland is going beyond solving complex challenges by raising transparency and governance. https://www.ashland.com/esg/governance
2022 GlobeNewswire, Inc., source