governance
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At Ashland, solving problems is both our purpose and our passion. In today’s rapidly changing world, we know we must do more than solve problems. We must be completely transparent about our processes and actions along the way. Whether fair trade, equitable employment practices, environmental performance, or community engagement, we won't succeed without rigorously documenting and sharing how we;re solving and how we;re adding value to the world at large.
For Ashland, our core values are the foundation from which we have built our company. Going further, that means once our science-based targets are final, they will be clear, concise, and trackable. It means our supplier agreements will continue to consider the materials, ecosystems, people, and communities with whom we work. And it means living up to and often exceeding the standards we set for ourselves as an employer, supplier, purchaser, and community member. It is a philosophy not just to become a more nature-positive company but to share every aspect of that journey with every stakeholder we encounter in every corner of the world. It is a complex challenge worth solving – one we take seriously at every level and every location where Ashland operates.
materiality matrix Impact
Rigor and transparency are the foundations upon which Ashland’s reputation exists. The company’s governance disciplines allow customers, employees, governments, and communities to review the full range of Ashland policies, practices and disciplines that support ethical behavior in every corner of the world. Current areas of focus include customer privacy and data security, Ashland’s governance structures and mechanisms, and the company’s policies and procedures reinforcing ethical corporate behavior.
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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 adn 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 adn 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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our governance principles
raising transparency, avoiding conflicts of interest and honing compliance policies beyond foundational elements of doing business
related links
more about governance
featured reports
ESG report 2021
This year we have expanded our sustainability report to be a more comprehensive ESG report.
Annual Report 2022
View the Ashland annual report and how we were responsibly solving for a better world in 2022.
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profitability