ESG
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our materiality assessment
Though smaller than some of our peers, Ashland’s targeted approach to our value chain and our agile business model mean we have a unique matrixed approach to how we impact environmental, social and governance issues. This materiality assessment shows Ashland’s holistic approach to managing the needs of people, planet and profit.
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responsible consumption and production
- planet-positive-approach
- R&D that focuses on the life cycle of our products, including up and downstream impacts
- with an eye toward protecting the planet, reducing our environmental impact and ultimately, going beyond carbon neutrality to a truly sustainable business model
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waste and hazardous materials management
- we are a responsible care company. we recognize and strive to mitigate and continuously reduce our manufacturing risk
- we have robust management systems that ensure we are operating responsibly and transparently
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product design and lifecycle management
- innovating new products holistically with planet-positive and cradle to grave consideration including upcycling and circularity models that proactively help customers manage the entire lifecycle of a product
- from inception through the engineering, design, and manufacture, through service and disposal, reuse or natural breakdown in the environment, every product must be accounted for at every stage of its life
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environmental footprint
- we manage, track and have targets to reduce our manufacturing footprint, through renewable energy and energy efficient projects
- we engage with our manufacturing team to identify creative solutions that drive towards lean manufacturing and continuous improvement
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innovation and technology
- we are at the forefront of the design, synthesis and production of specialty additives and ingredients essential to everyday life
- innovative, planet-positive approach to answering our customers most complex challenges
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climate change risks and management
- we have committed to setting science based targets to continue to reduce our emissions as a part of the broader global initiative
- we are assessing and responding to climate risk in our operations and supply chain - we recognize that responding to this will be an important part of our long term business continuity
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business model resilience
- responsibly innovating; focused and value-generating even amidst a volatile economy, disrupted supply chains, and rising raw material costs
- high engagement with customers and industry ecosystems to customize, invest and explore new growth initiatives
- delivering consistent and reliable value for stakeholders
- strong innovation culture and capabilities
- aligned technology portfolio where environment, social and governance (ESG) is a growth and innovation opportunity
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customer privacy and data security
- we have measures in place to identify and address cyber risk
- we routinely train and exercise our employee awareness of cyber risk to ensure that everyone understands the importance of taking steps to protect our customer data
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transparency
- credibility over time builds trust and that trust only comes from clear transparency in everything we do
- steadfast adherence to core values to avoid conflicts of interest and consistently track and hone accounting practices
- BOD members, committees and ESG work groups focused on ESG transparent management systems
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governance structures / mechanisms
- we have an effective and active governance structure and ESG is integrated into our board and senior leadership activities and oversight
- our employee and leadership compensation is tied to our sustainability performance to drive ownership, accountability and continued success in our initiatives
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product and service safety and quality
- manufacture and deliver of safe products and solutions for customer and the environment
- employing Good Manufacturing Practice principles in personal care and life sciences
- minimizing quality risk through robust risk assessment and mitigation
- increasing natural, nature derived, biodegradable and sustainable in use product solutions
- eliminating or reducing hazardous chemicals through innovative processing and manufacturing of products
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ethical corporate behavior
- we strive to be transparent and ethical in all that we do. We have a robust system of ethics and compliance controls that ensure we are operating in a legal and fully ethical manner
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employee health and safety
- continued commitment to a zero-incident culture with a focus on driving toward ZERO in the areas of Safety, Process Safety and Asset Integrity and Reliability
- robust management systems that ensure internal transparency and accountability within key EH&S focus areas
- we believe that participation in local ecosystems comes with a responsibility to make things better, not just for today's population, but for generations to come
- the Ashland Responsible Solvers™ program is a social-focused, worldwide science, technology, engineering and math (STEM) program that, when coupled with locally guided volunteerism, puts the power of our people and products in the hands of the communities where we live, work and play
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human rights
- we hold ourselves and our suppliers to high standards and do not tolerate any form of human rights violations
- we engage with our suppliers in programs like the sustainable guar initiative to empower communities towards healthy and sustainable growth
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inclusion & diversity, employee engagement
- intelligent, dedicated employees solving complex challenges to have a positive impact on our customers, consumers, and planet
- focus on inclusion and diversity within our workforce, strengthening our team through an open and diverse workplace culture
- continuously reassessing workforce engagement to develop and retain a committed workforce
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community engagement
- we believe that participation in local ecosystems comes with a responsibility to make things better, not just for today's population, but for generations to come
- the Ashland Responsible Solvers™ program is a social-focused, worldwide science, technology, engineering, and math (STEM) program that, when coupled with locally guided volunteerism, puts the power of our people and products in the hands of the communities where we live, work and play
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a critical role in our long-term business strategy
Environment, social and governance (ESG) is embedded in Ashland’s strategy and operating plans. It is both an impetus and growth opportunity, turning the potential for change into action and driving real business growth. Under our commitment to the Paris Climate Accord and Science Based Targets, and the United Nations Global Compact and Sustainable Development Goals, we’re operating with greater transparency and aligning resources to help solve some of the world’s most complex challenges.
Ashland’s conscious-to-cutting-edge innovation strategy includes increasing the speed and impact of new product innovations while embracing and integrating ESG in all that we do. We launched more than 30 new products in FY22, and 83 percent of our product portfolio is natural, nature-derived, biodegradable or sustainable in-use.
environment
Our world faces complex challenges. Bold solutions are required and business as usual is not enough.
social
Ashland acts in a manner that has a positive impact on people's lives and the health of the planet.
governance
Ashland is monitoring performance and operating with even greater transparency.
ESG report 2022
Ashland's ESG Report captures the range of commitments and accomplishments we have pursued and achieved this year as ESG continues to be a critical facet of our business strategy.
featured programs
international women's day
Each year, Ashland recognizes women employees for their outstanding and noteworthy contributions to the company’s bottom line.
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inclusion & diversity
Strengthening the diversity of our workplace and the inclusiveness of our culture.
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The Nature Conservancy - plant a billion trees
Ashland supports forest restoration to help plant a billion trees by 2030.
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sustainable farming and STEM education in India
Taking a leading global role in the supply of conscious specialty ingredients and ways of working.
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The Nature Conservancy - youth engagement nature lab
Ashland supports inspiring young people to bring greater equity to environmental education.
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greenlight4girls
Supporting the international non-profit dedicated to inspiring girls of all ages and backgrounds to pursue STEM subjects by introducing them to the world of science in fun and exciting ways.
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wildlife habitat
Ashland’s commitment to environmental conservation and stewardship via collaboration with Wildlife Habitat Council (WHC)dates back nearly a decade.
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responsible solvers™ program
We are passionate about the importance of STEM, that's why we launched our global Responsible Solvers™ program.
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