INEOS’ SUSTAINABILITY COMMITMENT
Sustainability is fundamental to how INEOS operates. We seek to advance sustainability in society through our innovative products and processes, and we are committed to minimising the negative impacts of our operations on people and planet. We strive to cause no harm to employees, local communities, and customers, and we work to achieve climate neutrality, circularity, and zero pollution in our value chains, while avoiding adverse impacts on water scarcity and biodiversity. We aim to meet or exceed all sustainability regulatory requirements and we recognise our obligation to reduce greenhouse gas emissions consistently with Paris targets.
INEOS’ SUSTAINABILITY GOVERNANCE STRUCTURE
Networks are fundamental to INEOS’ system of sustainability governance due to our federal structure. As well as playing a critical role in developing group-wide policies, as mentioned above, our cross-business networks are used to disseminate information on group policies and targets, share sustainability best practice, and collaborate on managing cross-business sustainability issues.
- INEOS’ climate and energy network (CEN) is coordinated at group level via a steering group that oversees eight issue teams working on a comprehensive range of sustainability topics. Issue and topic leads are experts from within our businesses; they have ownership of specific ESG areas and share expertise across the group through the network. Leads are also selected to represent each INEOS business and country of operation, and a dedicated future-looking group of young colleagues (yCEN) prepares post-2025 strategies and actions in dedicated calls every two months. Ultimate governance of CEN is provided by our CEOs and directors. News reports are distributed to all CEN members weekly, steering group calls and mailings happen monthly, and the network holds a globally attended annual meeting.
- INEOS Operations Directors meet three to four times a year on manufacturing excellence days to discuss matters such as SHE performance, ISO management systems, energy efficiency audits, water and waste audits, and emission reduction plans.
- INEOS Procurement and Business Directors meet every two months to discuss matters such as implementing INEOS' Supplier Code of Conduct, sourcing sustainable feedstock, purchasing emissions allowances, calculating product footprints, and exploring power purchase agreements (PPA).
- INEOS HR directors have monthly meetings to discuss matters such as workforce data, the composition of INEOS' workforce, training and career development, working conditions, human rights, ethics, and INEOS' Code of Conduct.
- INEOS CFOs meet on an ad hoc basis to discuss matters such as carbon pricing, carbon border adjustments, energy taxes, roadmap investments, investor relations, sustainable financing, and ESG disclosures.
