Innospec Inc
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) | 2023 | 2022 | 2021 | 2020 - 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.  | 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. | 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. | 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. | 0000000 |
Verified Sources Behind Innospec’s Greenhouse Gas (GHG) Emissions Data
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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). a
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. a b
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). a
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. a b
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. a
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. a b
What methodology does Innospec use for Scope 2 reporting?
In 2023, 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 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. a
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. a
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). a
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. a b
Insights into Innospec’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Innospec reported Scope 1 greenhouse gas (GHG) emissions of 53,899 tCO₂e and total revenues of USD 1,949 millions. This translates into an emissions intensity of 27.66 tCO₂e 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 2023, Innospec reported a Scope 1 emissions intensity of 27.66 tCO₂e per millions USD. Compared to the peer group median of 61.26 , 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 2023, Innospec ranked 9 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 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. a b
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%. a