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Innospec Inc
Innospec's GHG Emissions Data Preview
In 2024, Innospec completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Innospec has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Verified Sources Behind Innospec’s Greenhouse Gas (GHG) Emissions Data
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Insights into Innospec's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofInnospec amounted to95,798metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Innospecincreased by 19.95%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Innospec's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Innospec's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Innospec were 79,045 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Innospec reduced its Scope 1 emissions over time?
Since 2022, Innospec's Scope 1 emissions have increased by 78.11%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Innospec's Scope 1 emissions increased by 46.65%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Innospec's Scope 2 emissions?
In 2024, Innospec reported Scope 2 greenhouse gas (GHG) emissions of 16,753 tCOâ‚‚e using the market-based method.a
Has Innospec reduced its Scope 2 emissions over time?
Since 2022, Innospec's Scope 2 greenhouse gas (GHG) emissions (Market-Based)have decreased by 56.96%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), Innospec's Scope 2 emissions(Market-Based) fell by 35.49% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
What methodology does Innospec use for Scope 2 reporting?
In 2024, Innospec reported its Scope 2 emissions using the market-based method.a
Innospec's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
Insights into Innospec's Value Chain Emissions
In 2024, Innospec reported 2,093,155 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Innospec includes a breakdown across 0of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Innospec's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Innospec's Scope 3 emissions?
In 2024, Innospec reported total Scope 3 emissions of 2,093,155 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Innospec reduced its Scope 3 emissions over time?
Since 2022, Innospec's Scope 3 emissionshave decreased by 13.3%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Innospec's Scope 3 emissions remained relatively stable, indicating that Innospec's emissions have plateaued with no significant change in its value chain footprint.ab
Insights into Innospec’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Innospec reported Scope 1 greenhouse gas (GHG) emissions of 79,045 tCOâ‚‚e and total revenues of USD 1,845 millions. This translates into an emissions intensity of 42.83 tCOâ‚‚e per millions USD.a
Innospec's Scope 1 Emissions Intensity Compared to Peers
How does Innospec's GHG emissions intensity compare to its peers?
In 2024, Innospec reported a Scope 1 emissions intensity of 42.83 tCOâ‚‚e per millions USD. Compared to the peer group median of 64.44, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Innospec rank on GHG emissions intensity within its industry?
In 2024, Innospec ranked 12 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Innospec is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Innospec's Total Carbon Footprint
In 2024, Innospec reported a total carbon footprint of 2,188,953 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.1% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Innospec's total carbon footprint was Scope 3 emissions, accounting for 95.62% of the company's total carbon footprint, followed by Scope 1 emissions at 3.61%.a