Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety, health and the environment
• Climate
• Circular economy
• People
• Communities and the natural environment
• Governance

Environmental Achievements

• Reduced like-for-like emissions by 10% by no later than 2025 (target)
• Investing over three billion euros over the next five years to reduce footprint further
• Achieved best OSHA Recordable Rate of 0.17 per 200,000 hours worked by employees and contractors combined in 2020
• Developed new grades of ABS containing recycled material
• Launched more than 25 new product grades that contain over 50% recycled content
• Recycled over 6.5 billion bottle caps back into high-quality caps (partnership with Forever Plast)

Social Achievements

• Fivefold decrease in injury rate among employees and contractors over the past decade
• Average of 30 hours of training per employee yearly
• Supported children’s health programmes helping more than 2 million young people
• Launched INEOS Hygienics, a global consumer healthcare business
• Implemented INEOS Speak Up! policy for anonymous reporting of concerns

Governance Achievements

• Received Gold and Platinum awards in 2020 sustainability assessments by EcoVadis
• Implemented INEOS Supplier Code of Conduct (SCoC) (to be detailed in the next report)
• No legal action taken by employees during 2019 with regard to anti-corruption and bribery, anti-competitive or anti-trust practices

Climate Goals & Targets

Environmental Challenges

• Reducing GHG emissions to achieve net-zero by 2050
• Increasing the share of renewable energy in the energy mix
• Addressing marine litter and pellet loss
• Managing groundwater contamination
• Reducing end-of-life waste associated with materials

Mitigation Strategies

• Continuous energy optimisation
• Acquisition of renewable energy sources
• Development of clean hydrogen as a fuel
• Use of recycled and bio-based feedstocks
• Development of new recycling technologies
• Carbon capture and use/storage
• Investment in new assets
• Implementing pellet containment measures
• Implementing measures to prevent groundwater contamination
• Investigating and implementing opportunities to derive value from waste and by-products
• Working to reduce end-of-life waste

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Energy and resource efficient production
• Safe and reliable transportation
• Responsible procurement of raw materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products
• Development of clean hydrogen as a fuel
• Use of recycled and bio-based feedstocks
• Carbon capture and use/storage

Reporting Standards

Frameworks Used: GRI (Core option)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

INEOS contributes positively to ten of the UN SDGs; details provided in report.

Sustainable Products & Innovation

• BIOVYN™ PVC (green PVC made with bio feedstocks)
• Recycl-IN range of polyolefin products (containing up to 70% recycled material)
• Styrolux ECO and Styroflex ECO resins (using bio-attributed styrene)

Awards & Recognition

• Gold and Platinum EcoVadis sustainability ratings (2020)

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Zero pollution
• Our people (SHE and fairness)
• People in our value chain (human rights)
• People in our communities
• Governance (ethics and compliance)

Environmental Achievements

• Reduced carbon footprint by 1.2 Mt CO2-eq (5%) since 2019 (after accounting for structural changes)
• Reduced OSHA recordable injury rate to 0.18 injuries per 200,000 hours worked (best in class)
• Captured over 300,000 tonnes of CO2 per annum at various sites
• Launched a new hydrogen business to develop green hydrogen capacity across Europe
• Completed two major PPAs in 2021 with offshore Belgian wind farms, reducing CO2 emissions
• Leading the Greensand consortium for CO2 storage in the Danish North Sea
• Introduced more than 25 new product grades containing over 50% recycled content
• Achieved RSB and ISCC PLUS certifications for bio-attributed products

Social Achievements

• Zero fatalities reported across all INEOS sites in 2021
• Global average of around 60 hours of training per employee in 2021
• Launched INEOS Energy Station, an online health and wellbeing platform
• Supported various charitable projects, including a £100 million donation to Oxford University

Governance Achievements

• Implemented a company-wide GHG management system to reach net-zero emissions by 2050
• Established a company-wide REACH network for product stewardship
• Implemented a Group-wide management system to minimize digital security risks
• Maintained robust policies to counter bribery and corruption
• Ensured compliance with anti-trust and competition laws

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to extreme weather events
• Evolving regulations concerning emissions reduction and energy efficiency
• Market shifts towards sustainable solutions
• Reputational risks associated with a significant carbon footprint
• Water scarcity in some operating regions

Mitigation Strategies

• Developing roadmaps to deliver net-zero emissions by 2050
• Investing over €6 billion in emission reduction projects
• Implementing continuous process optimization and fuel switching
• Expanding carbon capture and storage (CCUS)
• Developing sustainable products and incorporating recycled content
• Engaging with suppliers to reduce emissions in the value chain
• Implementing robust compliance programs

Supply Chain Management

Supplier Audits: Selective supplier audits performed

Responsible Procurement

• Supplier Code of Conduct based on international standards
• Sustainable procurement training for staff
• Inclusion of social and environmental clauses in contracts

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of hydrogen business
• Investment in renewable energy
• Carbon capture and storage

Reporting Standards

Frameworks Used: GRI Standards (GRI 1: Foundation 2021), Greenhouse Gas Protocol, UNGC

Certifications: ISO 9001, ISO 14001, ISO 17020/17025, ISO 45001/OHSAS 18001, ISO 50001/EBO/ESOS, RSB, ISCC PLUS

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Goal 3
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 17

INEOS products contribute to various SDGs through applications in healthcare, sanitation, renewable energy, economic growth, resource efficiency, urban development, waste reduction, climate action, and partnerships

Sustainable Products & Innovation

• Bio-attributed polymers and chemicals
• Recycled content products

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Responsible Production
• Carbon Neutrality
• Circularity
• Value to Society

Environmental Achievements

• Improved employee safety performance
• Received an update to Environmental Product Declarations (EPDs) aligning with PlasticsEurope’s Ecoprofiles and Environmental Declarations
• 813,266 tonnes of PVC recycled across Europe in 2022 through VinylPlus®

Social Achievements

• Strengthened Safety Awareness Programme with over 1,100 customer safety visits or calls
• Launched BIOVYN™ PVC and REODRIN™ Epichlorohydrin, bio-attributed products
• Achieved Gold status from EcoVadis for the 5th consecutive year

Governance Achievements

• No critical concerns reported for 2022
• All relevant employees received anti-bribery and anti-corruption training (100% of target employees)
• No legal actions pending or completed regarding anti-competitive behaviour

Climate Goals & Targets

Environmental Challenges

• Contractors’ accident rates deteriorated
• Complexities of achieving full circularity for PVC due to product designs, waste stream dispersion, and legacy additives
• European Commission’s investigation into PVC and its additives

Mitigation Strategies

• Implementing safety measures with contractors
• Developing advanced recycling technologies (Project Circle) including dissolution, gasification, and pyrolysis
• Providing evidence through VinylPlus® demonstrating PVC's sustainability

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• CSR questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Changes to water courses and sea levels

Transition Risks

• Increased costs of purchased energy and compliance due to legislation

Opportunities

• Electrification of assets
• Hydrogen adoption
• Renewable energy sourcing

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001 (92% of sites), ISO 9001 (92% of sites), ISO 45001 (71% of sites), ISO 50001 (some sites)

UN Sustainable Development Goals

• SDG 3
• SDG 6
• SDG 7
• SDG 9
• SDG 12
• SDG 13
• SDG 14
• SDG 17

INEOS Inovyn's initiatives contribute to these goals through responsible production, clean energy, sustainable infrastructure, responsible consumption, climate action, marine ecosystem protection, and partnerships.

Sustainable Products & Innovation

• BIOVYN™ PVC
• REODRIN™ Epichlorohydrin

Awards & Recognition

• INOVYN Awards 2022

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Water stewardship
• Zero pollution
• Safety
• Working conditions

Environmental Achievements

• Reduced scope 1 and scope 2 emissions by 22% compared to 2019 (to 18.0 Mt CO₂-eq)
• Project Greensand successfully demonstrated cross-border offshore CO₂ storage
• INEOS Inovyn became Europe’s first green hydrogen ISCC PLUS fully certificated producer
• INEOS Inovyn invested in a 90,000-panel solar farm to cut CO₂ emissions by 14,000 tonnes per year in Belgium
• INEOS Olefins & Polymer Europe signed a renewable power agreement to use 100% green energy at its Norwegian plants
• INEOS Olefins & Polymers Europe unveiled a new Recycl-IN flexible packaging film made from more than 50% recycled plastic waste
• INEOS Phenol reduced its environmental impact by starting up Europe’s largest cumene facility with half the CO₂ emissions of other plants per tonne of product

Social Achievements

• Increased workforce size due to acquisitions and recruitment
• Maintained a low OSHA recordable injury rate (0.15 injuries per 200,000 hours worked for employees)
• Launched INEOS Energy Station, an online health and wellbeing platform

Governance Achievements

• Strengthened due diligence processes in anticipation of value-chain due diligence requirements
• Updated Supplier Code of Conduct to strengthen protection against ESG malpractice

Climate Goals & Targets

Environmental Challenges

• Economic headwinds and industry pressures disrupting supply chains and inflating costs
• Data unavailability for some joint operations and recently acquired assets
• Reducing scope 3 emissions

Mitigation Strategies

• Investing several billion euros in emissions reduction projects
• Developing a clean hydrogen business and investing in green and blue hydrogen plants
• Implementing a 2030 roadmap protocol with five active abatement pathways
• Working with customers and suppliers to reduce scope 3 emissions
• Strengthening group-wide data collection and developing scope 3 reporting

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct based on international standards, OECD Due Diligence Guidance

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of clean hydrogen business
• Carbon capture and storage
• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI 1: Foundation 2021, GHG Protocol, SASB Chemicals Standard, TCFD, UNGC

Certifications: ISAE 3000

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Goal 3
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 17

INEOS products contribute to various SDGs, including health, clean water, renewable energy, economic growth, industry innovation, sustainable cities, responsible consumption, climate action, life below water, and partnerships.

Sustainable Products & Innovation

• Recycl-IN packaging film
• BIOVYN PVC
• Bio-attributed polymers
• Low-carbon PTA

Awards & Recognition

• Energy Efficiency Leader (INEOS Aromatics Zhuhai)