Dependent: Logistics and transport network optimisation Downstream transportation contributes 42,467 mtCO2e (5.6%) and upstream transport 36,415 mtCO2e (4.8%). Ashland reconfigured supply networks for regional reliability and updated transport calculation methodology in FY2024.
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Improved End-of-Life data Data used to calculate Category 12 - End-of-Life Treatment of Sold Products emissions was improved in FY2024, resulting in a -11.6% change over prior year.
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Dependent: Supplier engagement on raw material emissions Category 1 - Purchased Goods and Services contributes just over half of Ashland's scope 3 emissions (54.8%, 413,296 mtCO2e), driven particularly by the raw material product subcategory. Ashland is actively engaging with suppliers to better understand raw material emissions as well as customer strategies and commitments towards emissions reductions.
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FY2022/FY2023 emissions 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, to ensure like-for-like progress reporting.
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Process safety reporting aligned to API RP 754 Process safety performance data has been 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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Primary: Operational energy efficiency and SBTi-aligned reductions SBTi commits Ashland to a 50.4% reduction in Scope 1+2 by 2032 vs 2022 baseline. Strategy focuses on reducing operational costs (like energy) and preparing for future regulations. Total energy consumption fell from 8.62 million GJ (FY2022) to 7.78 million GJ (FY2024).
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Primary: Sustainable product portfolio reformulation R&D targets by 2025: 80% of growth platform from sustainable chemistry; 85% of new product launches from sustainable chemistry; 65% from natural or nature-derived (ISO 16128); >70% of natural/nature-derived ingredients from sustainably sourced raw materials (RSPO-MB, FSC/PEFC).
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Updated upstream/downstream transport methodology Methodology used to calculate Category 4 - Upstream Transportation and Distribution and Category 9 - Downstream Transportation and Distribution emissions was updated in FY2024 to more accurately calculate intra-country transport, leading to changes of -51.1% and 133.9% over prior year, respectively.
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Structural divestitures impact reporting boundary Structural changes within the business including divestitures impacted FY2024 reporting footprint. Headcount declined from 3,852 (FY2023) to 3,229 (FY2024).
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Dependent: End-of-life treatment of sold products End-of-life treatment of sold products is the second largest Scope 3 category at 134,175 mtCO2e (17.8% of Scope 3). Ashland improved the data methodology in FY2024 reducing reported emissions by 11.6%.
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