Innospec Inc

Common Name

Innospec

Country

United States

Sector

Basic Materials

Industry

Specialty Chemicals

Employees

2,450

Ticker

IOSP

Exchange

NASDAQ/NGS

Website

innospec.com

Description

Innospec Inc. is a global specialty chemicals company that develops, manufactures, and supplies a broad range of chemical solutions to various industries. With its primary function centered around pro... Show more

Innospec's GHG Emissions Data Preview

In 2023, 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 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Market-Based Indirect emissions from purchased energy calculated using the market-based method, which reflects contractual instruments such as supplier-specific emission factors or renewable energy certificates (RECs).	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Location-Based Indirect emissions from purchased energy calculated using the location-based method, which reflects average emission factors of the local grid.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Innospec's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Innospec amounted to 79,868 metric 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Innospec decreased by 4.12%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Innospec's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Innospec's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Innospec were 53,899 metric tons of CO₂ equivalent (tCO₂e).

Compared to the previous year (2022), Innospec's Scope 1 emissions increased by 21.45%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Innospec's Scope 2 emissions?

In 2023, Innospec reported Scope 2 greenhouse gas (GHG) emissions of 25,969 tCO₂e using the market-based method.

Has Innospec reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Innospec's Scope 2 emissions (Market-Based) fell by 33.28% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Innospec use for Scope 2 reporting?

In 2023, Innospec reported its Scope 2 emissions using the market-based method.

Innospec's Scope 2 Emissions Over Time

Total Scope 2 Market-Based

Insights into Innospec's Value Chain Emissions

In 2023, Innospec reported 1,983,162 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Innospec includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Innospec's Scope 3 Emissions Over Time

Total Scope 3
Year-over-Year Change

What are Innospec's Scope 3 emissions?

In 2023, Innospec reported total Scope 3 emissions of 1,983,162 metric tons of CO₂ equivalent (tCO₂e).

Compared to the previous year (2022), Innospec's Scope 3 emissions decreased by 17.86%, highlighting the company's efforts to lower indirect emissions from its value chain.

Insights into Innospec's Total Carbon Footprint

In 2023, Innospec reported a total carbon footprint of 2,063,030 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.4% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Innospec's total carbon footprint was Scope 3 emissions, accounting for 96.13% of the company's total carbon footprint, followed by Scope 1 emissions at 2.61%.

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