Ashland Inc.

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

• · berkeley_voluntary_registry

No narrative on renewables strategy in the firm's most recent reports.

No narrative on durable removals approach in the firm's most recent reports.

• 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).

• 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).

• 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.

• 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.

• 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%.