RVBA-ASHLA

Ashland Inc. — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2024· 12 events

Dependent: Upstream & downstream transport (Cat 4/9)Data confidence — high

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.

sustainability_report p.8

FY22/FY23 Scope 1, 2, 3 restated for divestituresData confidence — high

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.

sustainability_report p.7

Updated methodology for Cat 4 & Cat 9 transportaffects scope 3 upstream transportData confidence — high

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.

sustainability_report p.8

Improved data for Cat 12 end-of-life treatmentaffects scope 3 end of lifeData confidence — high

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.

sustainability_report p.8

Process safety reporting aligned to API RP 754Data confidence — high

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.

sustainability_report p.9

Business divestitures reducing operating footprintData confidence — high

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.

sustainability_report p.7

R&D 2025 sustainable chemistry targetsData confidence — high

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.

sustainability_report p.11

Aligned to UN SDGs (3, 6, 8, 9, 12, 13, 14, 15)Data confidence — med

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).

sustainability_report p.10

Dependent: Raw material supplier engagement (Scope 3 Cat 1)Data confidence — high

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.

sustainability_report p.8

Primary: Scope 1+2 absolute 50.4% reduction by 2032Data confidence — high

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.

sustainability_report p.7

Dependent: End-of-life treatment of sold products (Cat 12)Data confidence — high

Cat 12 end-of-life treatment represents 17.8% of Scope 3 (134,175 tCO2e in FY2024). Ashland improved its data methodology in FY2024 which resulted in an -11.6% change versus prior year. As a specialty chemicals supplier, Ashland's products are used as singular components in a wide variety of customer applications.

sustainability_report p.8

Primary: Sustainable chemistry R&D portfolio shiftData confidence — high

R&D targets aim for 80% from sustainable chemistry by 2025, 85% new product launches from sustainable chemistry by 2025, 65% natural/nature-derived per ISO 16128, and >70% of natural/nature-derived ingredients from sustainably sourced raw materials (RSPO-MB, FSC/PEFC certifications). Multi-functional starch platform is a flagship example.

sustainability_report p.11

2023· 1 event

SBTi-approved near-term targets: 50.4% reduction by 2032Data confidence — high

Ashland received SBTi approval in November 2023 for near-term GHG reduction targets aligned with Paris 1.5°C: Scope 1+2 50.4% reduction by 2032 from 2022 baseline; Scope 3 50.4% reduction by 2032 from 2022 baseline.

sustainability_report p.7