Dependent: Upstream & downstream transport (Cat 4/9) Combined transport categories represent ~10% of Scope 3 (Cat 4 = 36,415; Cat 9 = 42,467 tCO2e). Methodology updated in FY2024 to more accurately calculate intra-country transport.
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FY22/FY23 Scope 1, 2, 3 restated for divestitures FY2022 and FY2023 Scope 1, 2, and 3 GHG emissions data were updated and re-stated to reflect structural changes within the business, such as divestitures, ensuring like-for-like progress reporting.
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Updated methodology for Cat 4 & Cat 9 transport Methodology to calculate Category 4 (upstream) and Category 9 (downstream) transportation and distribution emissions was updated in FY2024 to more accurately calculate intra-country transport, leading to -51.1% and +133.9% changes respectively over prior year.
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Improved data for Cat 12 end-of-life treatment Data used to calculate Category 12 - End-of-Life Treatment of Sold Products was improved in FY2024, resulting in -11.6% change over prior year.
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Process safety reporting aligned to API RP 754 Process safety performance data updated to reflect both Tier 1 and Tier 2 process safety event rates, aligning reporting definitions and methodology to the API RP 754 industry standard.
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Business divestitures reducing operating footprint Structural changes including divestitures reduced operating footprint; employee count dropped from 3,852 (FY23) to 3,229 (FY24). FY22/FY23 emissions data restated to match current org structure.
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R&D 2025 sustainable chemistry targets Targets: 80% from sustainable chemistry by 2025; 65% natural or nature-derived per ISO 16128 by 2025; 85% new product launches from sustainable chemistry by 2025; >70% natural/nature-derived ingredients from sustainably sourced raw materials by 2025.
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Aligned to UN SDGs (3, 6, 8, 9, 12, 13, 14, 15) Sustainable solutions framework aligned with United Nations Sustainable Development Goals, referenced on sustainable solutions page (icons depict SDGs 3, 6, 8, 9, 12, 13, 14, 15).
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Dependent: Raw material supplier engagement (Scope 3 Cat 1) Category 1 - Purchased Goods and Services contributes just over half (54.8%) of Ashland's Scope 3 emissions, driven particularly by the raw material product subcategory. Ashland is actively engaging with suppliers to better understand raw material emissions and customer strategies for emissions reductions.
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Primary: Scope 1+2 absolute 50.4% reduction by 2032 SBTi-validated near-term target to cut Scope 1+2 by 50.4% by 2032 from 2022 baseline (540.5 kmt → 285.1 kmt). Tracking actuals: 540.5 (2022) → 485.6 (2023) → 475.5 kmt (2024). Includes operational discipline, mechanical integrity programs, and process safety risk reduction.
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