INEOS is committed to reducing its greenhouse gas emissions in accordance with the Paris Agreement and has a company-wide GHG management system in place to reduce emissions to net zero by 2050. All our businesses monitor and report emissions in accordance with the GHG Protocol and have dedicated emissions reduction roadmaps for each of their sites. Based on these roadmaps, we have set a company-wide target to reduce scope 1 and 2 emissions by 33% by 2030 compared to 2019, while allowing for growth.
INEOS’ site-roadmap initiative and 2030 investment plans aim to drive down our GHG emissions, while remaining profitable. To back our plans and take advantage of opportunities offered by the evolving energy and climate environment, we will invest over €6 billion in the years to come. We pursue a broad range of initiatives including:
- Developing a new hydrogen business
- Producing clean hydrogen as a fuel
- Purchasing green power to run our operations
- Producing recycled plastics products
- Using bio-based feedstocks instead of fossil-based resources
- Pursuing continuous process optimisation
- Implementing electrification and low-carbon technologies
- Capturing CO2 for storage or utilisation
- Partnering with our suppliers to reduce value chain emissions Investing in new assets that effect a step change in energy and emissions intensity