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Ingevity awarded gold rating for corporate social responsibility by EcoVadis, places in the top 3% in its industry
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Ingevity Corporation (NYSE:NGVT) has achieved a gold sustainability rating from EcoVadis, placing it in the top 3% of the specialty chemicals sector. This advancement from a silver rating in 2021 to gold in 2022 signifies a commitment to sustainability. Key initiatives include launching a solar panel system in China, releasing an energy policy, and endorsing corporate sustainability practices by the United Nations Global Compact. The company is dedicated to enhancing its impact on the environment and society.
Positive
Achieved gold sustainability rating from EcoVadis, ranking in the top 3% of specialty chemicals sector.
Improved from silver rating in 2021 to gold in 2022.
Launched solar panel system in Zhuhai, China, increasing renewable energy usage.
Released first energy policy supporting sustainability initiatives.
Endorsed sustainable practices by the United Nations Global Compact.
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--
Ingevity Corporation (NYSE:NGVT) today announced that it has received the gold rating for sustainability by EcoVadis, an independent organization that provides evidence-based sustainability assessments for companies within global supply chains, placing Ingevity in the top 3% of respondents in the specialty chemicals sector and affirming the company’s commitment to its purpose to purify, protect and enhance the world.
Ingevity’s advancement from its 2021 silver rating to gold status in 2022 moved the company to the 97th percentile. Additions to the company’s sustainability initiatives in 2022 included the release of the company’s first energy policy, the launch of the Zhuhai, China, location’s solar panel system to increase the company’s use of renewable energy, the creation of employee resource groups (ERGs) to advance diversity, equity and inclusion priorities and the 2022 endorsement of sustainable corporate practices by the United Nations Global Compact.
“Ingevity’s achievement of the gold EcoVadis rating this year marks a milestone for our company because it builds on our legacy of manufacturing specialty chemistries that impart benefits for our customers, society and the environment and shows our dedication to going further,” said John Fortson, Ingevity’s president and CEO. “It is an esteemed validation that the work we’re doing to change the way we operate is making our sustainability impact even greater and furthering our purpose to purify, protect and enhance the world.”
Established in 2007, EcoVadis is an industry standard for evaluating and rating sustainable business and procurement practices. The EcoVadis methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact and the ISO 26000, and the EcoVadis framework assesses companies’ policies, actions and public reporting related to the environment, labor and human rights, ethics and sustainable procurement to evaluate their commitment to responsible corporate citizenship.
Ingevity publishes an annual sustainability report that provides an in-depth overview of its sustainability initiative, metrics and certifications, and its framework of management practices. Visit the company’s website to learn more about Ingevity’s sustainability initiative and view its sustainability report.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
