2020 EcoVadis Sustainability Rating
INEOS receives gold sustainability rating from EcoVadis. The INEOS overall sustainability score puts it in the top 4% of companies in the sector
Particular recognition was given for its environmental performance
INEOS Europe has today received a gold sustainability score from EcoVadis, the world’s most trusted provider of business sustainability ratings. The overall rating puts INEOS into the top 4 percent of companies in the sector demonstrating an advanced management system for environmental issues, ethics, labour and human rights, and sustainable procurement.
The EcoVadis corporate social responsibility scorecards, provide detailed insight into more than 65,000 businesses across 200 sectors in 160 countries, all working with a single methodology to evaluate and improve sustainability performance and transparency.
INEOS was especially recognised for its commitment to environmental performance. It’s 80% score in this category places it into the top 3% of companies in the sector, reflecting the Group’s commitment to pursue science-based carbon emission reduction targets, with a focus on changing to green power and clean heat, reusing hydrogen and CO2 and where appropriate switching to recycled or bio-feedstock business. INEOS is also committed to reducing plastic waste as demonstrated in its pledge to a new circular approach to plastics production.
Peter Williams, Group Technology Director and Head of Investor Relations for INEOS Group said, “Constantly improving the sustainability of its operations drives innovation across all INEOS businesses and sites. It is central to how the company operates and critically important to its employees, customers and communities as well as shareholders and investors.
INEOS continues to work together with leading technology firms along the value chain to explore innovative recycling technologies and new feedstocks to produce the polymers of tomorrow. The company has set itself challenging targets to reduce plastics going to landfill and returning post-consumer plastics waste into high-quality products by 2025.
“The gold rating by EcoVadis confirms a strong position in the industry based on our sustainability objectives and performance and sits alongside gold and platinum ratings for our INOVYN and Styrolution businesses respectively,” comments Greet Van Eetvelde Head of Energy & Innovation at INEOS Group. “We are committed to continuous improvement as we progress our long-term sustainability goals.”
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