2020 SUSTAINABILITY REPORT CONTENTS About this report This report describes our 2019 performance and approach for our operations worldwide. A second report covering our 2020 sustainability performance will be published in the second half of 2021.
This report is aligned with the Global Reporting Initiative (GRI) framework (Core option) and was prepared with the support of Quantis, a global sustainability consulting group. It focuses on the issues most material to our company and our stakeholders. The data collected provides information for 2019 across all INEOS businesses worldwide.
The 2021 report will cover our 2020 data highlight and our roadmaps towards staying ahead of the curve and net zero 2050.
Any questions and/or feedback regarding this report should be directed to [email protected].
INEOS | 2020 SUSTAINABILITY REPORT 2 1.0 GENERAL OVERVIEW
INEOS | 2020 SUSTAINABILITY REPORT 3 1.1 TACKLING GLOBAL CHALLENGES
"INEOS commits to achieving net zero emissions by 2050"
Following the Paris Climate As part of this effort, we are also • lighter energy-saving materials Agreement of 2015, most nation investing in new products and for transport and mobility, states have set the goal of achieving technologies to drive the industry • affordable clothing and apparel, a net zero emission economy by to a circular economy in which • construction and transmission 2050, and are adopting regulations materials are re-used to the maximum of water and gases, and legislation to support this. extent, and no products, once used, • electrical insulation, enter the natural environment. In response, INEOS businesses have We have outlined many of the • household and electrical goods. put in place roadmaps to lead the actions already being taken in the Our products are essential because, transition to a net zero economy in accompanying website pages. based on performance, affordability, and our industry by no later than 2050, environmental footprint, they are the best whilst remaining profitable, and The products we make are essential available materials for the applications staying ahead of evolving regulations for a myriad of applications upon concerned. In some cases, especially and legislation. Based on these which society relies. That is why in the medical sphere, they are the only roadmaps, we are setting ambitious governments worldwide regard available materials. INEOS is part of the but achievable targets for 2030 which the industry as a critical sector, solution to the challenges the world faces, are in line with our 2050 commitment. as we have seen during the and we look forward to achieving a net We expect to publish these shortly. recent pandemic. The range of zero economy whilst continuing to deliver applications includes the following: products which are essential to society. Actions and improvements are already • health and medical devices, in hand. We will reduce like-for-like • clean water, emissions by 10% by no later than 2025, and we are investing over three • food conservation and preservation, billion euros over the next five years • renewable energy technologies, to reduce our footprint further. Sir Jim Ratcliffe
INEOS | 2020 SUSTAINABILITY REPORT 4 1.2 VIEWS FROM OUR CEOs
Since the dawn of time, We are committed to staying Most people used to look The hydrogen economy will play chemistry has played a key role ahead of EU climate and energy at recycled materials as an a crucial role in helping our in society. Our products enhance targets in the drive towards net zero inferior and cheaper alternative planet achieve climate and resource almost every aspect of modern greenhouse gas emissions. Across to virgin material, but now they’re neutrality. INEOS is aiming to life. Our industry is the cradle of Europe and worldwide, our sites are seeing them as an integral part of contribute not only by decarbonising industrialisation, prosperity and preparing roadmaps to tackle the the solution. Plastics are a valuable energy for its existing operations, but innovation, valuing the triple bottom grand challenges we face today, as the resource. They should not end up also by providing hydrogen that will line: people, planet, profit - and adding chemical industry transitions towards in a landfill or in the ocean. help other businesses and sectors do passion! INEOS aims to be the bridge climate and resource neutrality. the same. INEOS is uniquely placed that enables society to keep running KEVIN MCQUADE to play a leading role in developing today, while creating innovations HANS CASIER Chairman these new opportunities, driven by needed for the future. CEO INEOS Styrolution emerging demand for affordable, INEOS Phenol & INEOS Nitriles low carbon energy sources, combined TOM CROTTY with our existing capabilities in Director Corporate Affairs operating large-scale electrolysis. INEOS Group GEIR TUFT CEO INOVYN
INEOS | 2020 SUSTAINABILITY REPORT 5 1.3 OUR COMMITMENT TO SUSTAINABILITY
For INEOS, sustainability is fundamental to how we do business. It is a key driver of innovation in meeting the challenges associated with evolving societal needs. Our approach to sustainability encompasses 6 key areas around which our report is organised.
Our sustainability strategy is to develop and safely manufacture the products needed to address the evolving challenges of climate change, public health, resource scarcity, urbanisation and waste in a way which drives us all towards a net zero emission economy by 2050. We will do so whilst reducing the impact of our operations. INEOS businesses have put in place the plans and actions needed to ensure that they transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation.
INEOS | 2020 SUSTAINABILITY REPORT 6 Grangemouth
Köln
1.4 Lavéra
INEOS AT A GLANCEChocolate Bayou
INEOS is a global manufacturer of Global reach petrochemicals, speciality chemicals and oil products. Comprising 36 Manufacturing sites (93) individual businesses, we operate JV sites (85) Grangemouth 194 facilities in 29 countries. In Oil & Gas sites (16) recent years our scope of operations has diversified with the launch of INEOS Automotive and INEOS Hygienics, the acquisition of iconic British brand Belstaff and an ever- Köln expanding sports portfolio. We offer a blend of opportunism, belief that we can add value, pursuit of our core values and passion for adventure. INEOS’ headquarters are located in London, UK.
Lavéra
Chocolate Bayou
Manufacturing sites (93) JV sites (85) Oil & Gas sites (16)
Turnover Employees Production Sites Countries $61bn 26,000 54m tonnes 194 29
INEOS | 2020 SUSTAINABILITY REPORT 7 1.5 OUR STRUCTURE
INEOS is led by its founder and INEOS chairman Sir Jim Ratcliffe and co- Partners owners Andy Currie and John Reece. INEOS PETROINEOS We operate a federal structure based AG JV on clear reporting lines and direct
INEOS accountability. Each INEOS business INEOS INEOS O&P INEOS INEOS Group INEOS Football Belstaff Industries Europe South ETB Holdings SA Enterprises has its own executive board (CEO, CFO, Holdings operations, business, purchasing and
HR directors) which is responsible INEOS INEOS INEOS INEOS O&P INEOS INEOS INEOS INEOS INEOS INEOS INEOS INEOS Oil & Gas Energy Trading Quattro Europe UK Automotive Sports Europe AG Composites Solvents Hygienics Intermediates Pigments for all functions. These include business management, operations, INEOS INEOS O&G INEOS O&P INEOS O&P INEOS C2 INEOS C3 INEOS Polymers INEOS Polyolefin Scandinavia INOVYN Europe North USA Derivatives Derivatives Engineering & Compounds procurement, IT, HR, communications, Tech Support Catalysts banking, legal and tax. INEOS business INEOS O&G INEOS INEOS UK Styrolution INEOS Trading WL INEOS INEOS Joliet executive boards are fully accountable & Shipping Plastics Oxide Phenol
for the management of their business INEOS O&G INEOS INEOS FPS Acetyls INEOS INEOS Calabrian and strategy in its entirety. INEOS Oligomers Nitriles shareholders chair the executive INEOS INEOS Aromatics Sulphur committee meetings for each top company joint venture holding company INEOS business consumer businesses and sports Chemicals business regularly throughout the year, providing crucial oversight of in organisations of comparable the operation of each business. size. The federated structure and minimal hierarchy encourages an The INEOS central office function is agile organisation in which internal extremely lean, with around 40 people communications and decision- compared with typically hundreds making happen quickly.
INEOS | 2020 SUSTAINABILITY REPORT 8 1.5 Our structure | continued
Strategies such as safety, health and Each business determines its own business opportunities and innovation. the half-yearly meetings bringing environment (SHE) and IT security sustainability strategy. Group-wide, The network covers greenhouse gas together all business CEOs. Every are governed at a group level and this is coordinated through the climate (GHG) emissions, heat and power, year, the CEO of each INEOS business implemented by each business. Safety, and energy network (CEN). The CEN sustainability, innovation, policy, ensures the compliance of each of health and environmental performance works with all INEOS businesses on advocacy and more. their manufacturing sites with INEOS’ are our highest priorities and are climate and energy matters. CEN ‘issue highest operational and financial reported upon at the beginning of teams’ work at the policy and advocacy Updates from the CEN and SHE standards. each executive committee meeting. level, sharing best practice, new performance are both shared at
Climate and Energy Network (CEN) 2021 governance CEOs, directors associations, governments, value chain, media... steering group
policy carbon energy resources petchem sustainability innovation advocacy industrial greenhouse gases heat & power new feedstocks oil & gas corporate strategic funding positioning & strategy responsibility representation issue & topic briefs industrial strategy ETS trading/hedging site studies/audits feedstock switch upstream markets CSR/ESG, SDG, RC, BAT R&D projects communication & neutrality, circularity net-zero roadmaps process optimisation 4Rs, by-proudcts natgas, shale, oil footprints & roadmaps green financing representation
digitalisation (4.0) carbon price/tax/aid CHPs, electrification H2, bio, CCU CO2 transport/storage circularity, symbiosis investment plans briefing, positioning
REACH, IGGNs CO2 capture/treatment renewables/PPAs/GoOs plastic recycling refining,... charters/pledges support mechs (CCIDs) endorsing, pledging core themes Brexit,... offsetting,...... water,... accreditations,... forward strategy,... reporting (GRI),... matrix issues
country leads young CEN business leads
country-specific challenges future grand challenges business-specific challenges “monitor & share” “inform & catalyse” “check & act” regional policies 2030/2050 ambitions sustainability agendas local actions future chemical industry site roadmaps (12+ countries) (19 businesses)
stakeholders
INEOS | 2020 SUSTAINABILITY REPORT 9 1.6 SIGNIFICANT CHANGES TO THE ORGANISATION
Business acquisitions and divestments 2020: 1 INEOS builds hand sanitiser plants in the UK, US, France and Germany. Each was assembled 1 in 10 days to make 1 million bottles per month, to be delivered free of charge to hospitals and front-line medical staff in the battle against COVID-19.
2 INEOS launches global consumer healthcare business under the name INEOS Hygienics. 3 3 INEOS launches a new clean hydrogen business to accelerate the drive to net zero carbon emissions 4 INEOS O&P USA to acquire Sasol’s ownership of Gemini HDPE LLC 2
5 INEOS Automotive confirms acquisition of Hambach production site from Mercedes-Benz 5
6 INEOS completes the acquisition of BP’s global 4 Aromatics & Acetyls business
6
INEOS | 2020 SUSTAINABILITY REPORT 10 1.7 OUR APPROACH, GOALS AND KEY VALUES
INEOS is committed to helping to Our culture is entrepreneurial, find the scientific and engineering defined by a lack of bureaucracy. solutions to the climate challenge Being privately owned offers the facing the world. We use our ability freedom to take a long-term view, Excellence to solve problems and move quickly while a simple and decentralised in safety, health Empowerment to achieve change. organisational structure enables and environmental of employees quick and efficient decision-making. performance Our products make an indispensable Sports and fitness are integral contribution to society, often providing to the INEOS culture, as are the most sustainable options for a grit, rigour, humility and a real wide range of societal needs. team ethos. Continuous improvement to Our key Equality, become a cost-effective diversity and We are committed to delivering continuous improvement producer of inclusion across all activities in all locations, and to working with high-quality values local communities and stakeholders to be a responsible products neighbour.
Focus Encouragement on customer of innovation, satisfaction, total entrepreneurship quality and and reward for reliability achievement
INEOS | 2020 SUSTAINABILITY REPORT 11 1.8 OUR PRODUCTS AND MARKETS
INEOS has a diversified product portfolio with a wide range of end market applications. Our chemical intermediates businesses, with leading global positions and differing industry cycles, provide earnings strength worldwide.
INEOS | 2020 SUSTAINABILITY REPORT 12 1.8 Our products and markets | continued
Our products make an indispensable contribution to society.
For example:
• preservation of food and Wind turbines clean water, • construction of wind turbines, solar panels and other renewable technologies, • production of lighter and more fuel-efficient vehicles and aircraft, Lighter vehicles and aircraft • development of medical devices and applications, • production of clothing and apparel, • enabling telecommunication, insulation and other industrial Insulation of housing
and home applications. Impact on the planet
If polymers and plastics were to be replaced to the maximum extent in applications where they can be substituted, overall lifecycle GHG Solar panels emissions in Europe would increase by more than 50% (ref. denkstatt Vienna 2010, updated 2020).
Essential chemicals positively INEOS businesses have put in place impact carbon efficiency. the plans and actions needed to For every tonne of CO2 emitted ensure that they lead the transition to a during production, our products Net zero by 2050 net zero emission economy by 2050, in help save significant CO2 line with the Paris Climate Agreement, emissions via the applications whilst remaining profitable, and in which they are used. staying ahead of evolving regulations Future and legislation.
INEOS | 2020 SUSTAINABILITY REPORT 13 1.9 DETERMINING WHAT IS MATERIAL
Selecting and assessing what is material for INEOS helps us to understand threats and opportunities that could affect our businesses. Stakeholders By listing the material topics and Views from these groups are
assessing their impact, we can incorporated into the matrix, inform our strategy and prioritise which shows the position of all our reporting. 19 material topics relative to the degree of stakeholder interest. INEOS engages with key stakeholders The results of this assessment
Materiality topics Environment Economy Society Customers Suppliers Employees Industry associations Universities & institutions scientific & Shareholders investors Regulators Communities NGOs to understand sustainability topics will be reviewed periodically with Climate change relating to our businesses that key stakeholders to maintain Circular economy are important to them. In 2020 we relevance. Hydrogen economy performed a formal materiality Economic performance assessment aligned with the GRI The matrix shows climate SHE & REACH reporting framework. Nineteen and resource neutrality as Management standards topics were assessed across nine material topics for INEOS. IT security Carbon neutrality stakeholder groups. Stakeholders Where relevant and practicable, GHG emissions management were identified based on their INEOS is committed to setting Energy management importance to our business operations quantitative targets for these Waste management and their knowledge of our business priorities to help measure and Water management activities. They represent a wide report upon future performance. Sustainable procurement variety of functions, regions and This report includes a description Working conditions business segments. of our management approach Labour unions Training & career management addressing the relevant topics Diversity & equality based on this matrix. Ethics Community engagement
Impact: Very High High Medium Low Very Low
INEOS | 2020 SUSTAINABILITY REPORT 14 1.10 CONTRIBUTING TO THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS
INEOS contributes positively to ten of the United Nations Sustainable Development Goals (UN SDGs).
INEOS | 2020 SUSTAINABILITY REPORT 15 1.10 Contributing to the United Nations Sustainable Development Goals | continued
Our efforts are aligned with the United Nations Sustainable Development Goals, with particular emphasis on the following areas:
INEOS' contribution to the SDGs Read more
INEOS produces chemicals that are used to produce retro/antivirals, 2.1 Excellence in safety, health and the environment antibiotics, steroids, anti-inflammatories, paracetamol/aspirin and the 2.1.1 INEOS' health and safety performance reagent chemicals used in virus testing kits. It also produces the plastics necessary for medical equipment, face masks, ventilators, sterile gloves, eye visors, and respiratory care tubing.
INEOS businesses provide products essential for sanitation pipes and 1.8 Our products and markets industrial systems as well as chemicals needed to ensure water is safe 2.1.4 Water management and use for drinking and to treat sewage.
INEOS materials provide the building blocks for innovation in renewable 1.8 Our products and markets energy technologies; our composites make it possible to produce 100m long wind turbine blades and our oligomer based synthetic oils to extend the service life of wind turbine gearboxes to ensure more energy-efficient products.
We promote strong economic growth and provide work opportunities to 2.4 Valuing our people communities through our practice of investing in businesses that are no longer strategic to their owners, supporting and enhancing their sustainable success.
INEOS is actively involved in several cross-sector initiatives to address 2.2.4 Clean energy sources to run our operations environmental and resource concerns, reduce raw material and waste 2.2.5 Development of clean hydrogen as a fuel disposal costs and support circular business models. 2.2.6 Capture, utilisation or storage of carbon dioxide (CO2) 2.2.7 Use of recycled and bio-based feedstocks instead of fossil-based feedstocks 2.2.8 Reducing emissions through our supply chain 2.3 Circular economy: maximising the reuse and recycling of our products 2.3.1 Mechanical recycling 2.3.2 Advanced recycling
INEOS | 2020 SUSTAINABILITY REPORT 16 1.10 Contributing to the United Nations Sustainable Development Goals | continued
INEOS' contribution to the SDGs Read more
INEOS products are essential in the provision of efficient housing, 1.8 Our products and markets providing basic infrastructure for the provision of water and energy 2.2.4 Clean energy sources to run our operations networks, sustainable transport systems, sustainable urbanisation, 2.2.5 Development of clean hydrogen as a fuel and sustainable buildings. 2.2.6 Capture, utilisation or storage of carbon dioxide (CO2) 2.2.7 Use of recycled and bio-based feedstocks instead of fossil-based feedstocks 2.2.8 Reducing emissions through our supply chain 2.3 Circular economy: maximising the reuse and recycling of our products 2.3.1 Mechanical recycling 2.3.2 Advanced recycling
INEOS is a signatory of the Responsible Care Global Charter and 2.1.3 Compliance with REACH committed to safely managing chemicals throughout their lifecycle. We 2.3 Circular economy: maximising the reuse and recycling of our products invest in recycling technologies to promote a circular economy. 2.3.1 Mechanical recycling 2.3.2 Advanced recycling
Many INEOS products, such as carbon fibre, contribute to a lower-carbon 1.5 Our structure (CEN) society, while others are needed to capture renewable energy such as 1.8 Our products and markets wind and solar power. We are actively involved in carbon capture and 2.0 Improving the sustainability of our business and operations storage. In addition, we are working to reduce our own climate impact across our businesses through energy efficiency projects and our climate and energy network (CEN). As Europe’s largest producer of hydrogen, our expertise in the technology to produce, store and transport this important carbon-neutral fuel puts us in a unique position to enable energy transition away from fossil fuels.
We are actively working to address marine litter and pellet loss 2.1.4 Water management and use (Operation Clean Sweep) across our facilities and value chain. And, through our work to create a more circular economy we hope to give waste plastic a value to ensure it is recycled at the end of its life rather than disposed of in landfill sites where it can escape into the natural environment.
To accelerate the achievement of the SDGs, we work on many 1.10 Contributing to the UNSDGs multi-stakeholder initiatives, collaborating with other chemical 2.0 Improving the sustainability of our business and operations companies, communities, universities, and partners all along 2.2.8 Reducing emissions through our supply chain the value chain. 2.5 In our communities
In addition to the United Nations SDGs, INEOS also supports the 10 principles of the United Nations Global Compact [UNGC].
INEOS | 2020 SUSTAINABILITY REPORT 17 1.11 SUSTAINABILITY HIGHLIGHTS 2020
INEOS continues to improve its safety performance year after year.
INEOS achieves best OSHA Recordable Rate of 0.17 per 200,000 hours worked by employees and contractors combined. This is getting close to the world class benchmark of 0.15.
FEBRUARY 2020 APRIL 2020 JULY 2020 INEOS and UPM Biofuels announce supply AmSty, INEOS Styrolution and Trinseo sign Joint INEOS Styrolution awarded Platinum rating agreement for renewable raw materials to make Development Agreement (JDA) to advance the by EcoVadis for its advanced sustainability plastic. The world’s first commercially available circularity of polystyrene. The joint 100-tonne- performance. The Platinum rating, awarded to bio-attributed PVC is to use residue from wood pulp per-day facility constructed in Channahon, Illinois, the top 1% of companies, is based on the manufacture. Read more... utilises Agilyx advanced recycling technology to implementation of INEOS Styrolution’s sustainability recycle post-use polystyrene products back into programme and its sustainability report published FEBRUARY 2020 virgin-equivalent styrene monomer. Read more... in 2019. Read more... INEOS partners with Forever Plast to recycle over 6.5 billion bottle caps back into high quality MAY 2020 SEPTEMBER 2020 caps. INEOS launches the world’s first high-quality INOVYN to play vital role in ambitious ‘power to INEOS Olefins & Polymers Europe announces the polymer for caps made with 50% recycled bottle caps methanol’ project to produce sustainable methanol expansion of the Recycl-IN range of products to diverted from waste. Read more... and reduce CO2 in Antwerp. The new project at include flexible packaging solutions with over 60% Antwerp produces methanol from captured CO2, recycled content. The long-term agreement will APRIL 2020 combined with hydrogen generated from renewable help INEOS serve the growing demand for increased INEOS and PLASTIC ENERGY to collaborate on new electricity. Read more... levels of recycled product in sustainable, virgin advanced plastic recycling facility. INEOS will use quality flexible packaging. Read more... PLASTIC ENERGY’s recycled raw material produced in the advanced plastic recycling facility, which diverts waste plastic from landfill, incineration and the environment. Read more...
INEOS | 2020 SUSTAINABILITY REPORT 18 1.11 Sustainability highlights 2020 | continued
SEPTEMBER 2020 INEOS agrees to the largest ever industrial wind power purchase contract in Belgium with ENGIE. The 10-year deal, through which ENGIE will supply renewable energy to INEOS from the Norther offshore windfarm, will reduce INEOS’ carbon footprint by 1,150,000 tonnes of CO2. Read more...
NOVEMBER 2020 INEOS launches a new clean hydrogen business to accelerate the drive to net zero carbon emissions. INEOS is aiming to contribute not only by decarbonising energy for its existing operations, but also by providing hydrogen that will help other businesses and sectors to do the same. Read more...
NOVEMBER 2020 INEOS and Hyundai Motor Company cooperate on driving the hydrogen economy forward. Opportunities explored by Hyundai and INEOS include production and supply of hydrogen as well as new hydrogen applications, technologies and business models. Read more...
DECEMBER 2020 INEOS receives Gold sustainability rating from EcoVadis. The INEOS overall sustainability score puts us in the top 4% of companies in the sector; particular recognition was given to our environmental performance. Read more...
INEOS | 2020 SUSTAINABILITY REPORT 19 2.0 IMPROVING THE SUSTAINABILITY OF OUR BUSINESS AND OPERATIONS
INEOS | 2020 SUSTAINABILITY REPORT 20 OUR APPROACH
This report displays our commitment to sustainability. We have a clear, It highlights our activities and data. achievable roadmap
Publishing 2019 data from across the future. We will publish a second prepare consistent emission reduction to effectively contribute all our sites on GHG emissions, report later in 2021 with 2020 data. roadmaps. The INEOS science base to a reduction of emissions energy, water and waste provides a is a robust method for emissions from our sites in baseline against which to measure INEOS has developed a science base accounting in carbon dioxide-
our performance and progress in to calculate carbon footprints and equivalent (CO2-eq) terms aligned with Antwerp. This includes the Greenhouse Gas Protocol. The changing to green power data collection is managed centrally through the climate and energy and clean heat, reusing network (CEN), using a shared online hydrogen and CO2, platform. Our report is in line with the Global Reporting Initiative (GRI) further investment in guidelines. Furthermore, we have electrification and, where completed the CDP climate change appropriate, switching to survey in order to gain external validation for our initiatives. recycled or bio-feedstock.
HANS CASIER CEO, INEOS Belgium
INEOS | 2020 SUSTAINABILITY REPORT 21 Our approach | continued
As we enter what may be the most significant period ever for the chemical industry in terms of sustainability, INEOS is determined to play its role in building a more sustainable future.
An energy transition is underway, We have ambitious targets and a strategy calling for a joined-up, holistic approach in how to move away from based on six key pillars: fossil fuels such as oil and gas towards alternative energy sources such 1. Excellence in safety, health and the environment as solar, wind, nuclear, hydrogen 2. Climate neutrality: helping to minimise our own carbon intensity and biomass. and deliver a net zero emission economy by 2050
This transition is going to take time 3. Circular economy: maximising the reuse and recycling of our products and will need a sustainable platform. 4. Valuing our people: ensuring an equal opportunity environment in • Chemistry is our business, and our which a diverse team of people can develop, flourish, and help deliver chemical products and processes the innovations we need will play an essential part in this transition. 5. Working with our communities: enhancing the communities in which we operate • Climate change and the circular economy is the cornerstone of our 6. Governance: sustaining the highest standards of strategy and we remain focused on ethics and compliance an innovative approach to recycling and renewables.
INEOS | 2020 SUSTAINABILITY REPORT 22 Our approach | continued
INEOS subscribes to Corporate Social Responsibility (CSR) assessments by EcoVadis, a trusted provider of business sustainability ratings. In 2020 INEOS received a Gold EcoVadis score for our Europe AG businesses, demonstrating an advanced management system for environmental issues; ethics, labour and human rights; and sustainable procurement. INEOS Styrolution and INEOS INOVYN obtained a Platinum and Gold medal respectively.
Read more... INEOS Europe: INEOS Styrolution: INEOS INOVYN: INEOS receives gold INEOS Styrolution awarded EcoVadis ‘Gold Merit’ sustainability rating Platinum rating by award for Corporate Social from EcoVadis EcoVadis for its advanced Responsibility | INEOS sustainability performance INOVYN
To reach its ambitions, INEOS also joins forces with numerous European and international associations and partnerships as corporate, chairing or active member. We are signatory to several sector commitments and abide by a wide range of charters, pledges, and voluntary agreements through our active participation.
Corporate memberships: Industry charters, such as: • Cefic: ExCom, Board, programme councils, • Cefic sustainability charter forums, issue teams and sector groups • PlasticEurope voluntary agreements • PlasticsEurope: ExCom, Board, working groups • SCS - Styrenics Circular Solutions: led by INEOS Styrolution • Petrochemicals Europe: ExCom, Board, working • VinylPlus: leading role by INOVYN groups • PCEP - Polyolefins Circular Economy Platform: • Eurochlor: Board, task forces INEOS O&P member • EPCA: Board - PCEP voluntary commitments • SusChem: co-chair SusChem Switzerland, - PCEP recycled PO pledge member SusChem Europe • CPA - Circular Plastics Alliance • SPIRE: corporate member • ECHA - European Chemicals Agency charter on REACH - Registration, • RSB: corporate member Evaluation, Authorisation and Restriction of Chemicals • Cefic product charters, e.g. - O SPA - Oxygenated Solvents Producers Association, glycol ethers charter • Operation Clean Sweep
INEOS | 2020 SUSTAINABILITY REPORT 23 2.1 EXCELLENCE IN SAFETY, HEALTH AND THE ENVIRONMENT
At INEOS, safety, gain commercial advantage, health and the reduce production costs or for Material topics covered: Safety is the conscious environment are the any other reason. top priority for everyone • SHE & REACH management of risk. who works for the Our drive to continuously improve • Management standards Anything else relies on company, whether our SHE performance includes a luck and we don’t rely employees or contractors, as well relentless focus on monitoring and • Waste management as for site visitors. Collectively and reducing emissions to water, air and on luck. individually, we are committed to soil, optimising resource, energy and • Water management ensuring the highest levels of safety, water usage; and improving waste health and environmental care disposal practices. SIMON LAKER Group Operations Director across our operations, and through INEOS Group our product stewardship we ensure Each business unit reviews Additionally, the shareholders product safety to protect people and its health and safety performance of INEOS are updated on SHE the environment from harm. monthly at board level, and the performance monthly at business chief executive of each of INEOS’ executive committee (Exco) meetings, We promise we will never compromise businesses has ultimate accountability quarterly at functional Exco meetings our SHE standards to increase profit, for performance. and annually through our letters of assurance, which require each business to provide an annual report Our goal is zero injuries and product spillages, to be achieved of the operational and financial status through rigorous application of best practices and a positive of each site. safety culture in which we believe all accidents are preventable.
INEOS | 2020 SUSTAINABILITY REPORT 24 2.1 Excellence in safety, health and the environment | continued
Our approach to SHE meets and In our approach to SHE, we apply three broad principles: exceeds legislation. Safety targets are reflected across all businesses We believe excellence We have rigorous principles We review our safety, through our Code of Conduct and in safety, health and and procedures in place health and environmental applied through our executive teams. environmental performance which everyone who performance at every SHE is an area that cuts across all 1 2 3 can only be achieved if we are expert works on our sites must follow. business team and monthly board INEOS businesses. in what we do. We give our people We back this up with audits and meeting. It is the top priority for and teams the training, development checks, and make it clear that each everyone in the company, Although our safety record and support they need to become INEOS employee is accountable for from our owners to our technicians. already ranks among the best in experts. On a yearly basis, this following these best practices. Bonus pay is conditional on achieving the industry, we believe there is amounts to an average of 30 hours our safety performance targets. always room for improvement. of training per employee. We Our aim is to prevent all accidents share best practices and maintain and product spillages. understanding and knowledge so our employees remain at the top of their game.
As a responsible manufacturer of chemicals, INEOS works hard to anticipate risks and to prevent and mitigate threats to safety, health and the environment. Our focus on long-term sustainability drives our SHE committees and networks, which implement robust operating procedures under INEOS Group Guidance Notes. The precautionary principle is a key part of our management approach to ensure that we avoid harm towards human health and the natural environment and aim to continuously reduce our levels of emissions to soil, air, and water.
INEOS | 2020 SUSTAINABILITY REPORT 25 2.1 Excellence in safety, health and the environment | continued
To make our approach clear, we have summarised our safety philosophy into what we call the INEOS 20 Principles, which address the safety of both people and plant operations.
Behavioural Safety Principles Process Safety Principles
We believe all incidents and injuries can The asset operating manager is responsible for 1 be prevented. 1 its overall integrity. Everyone’s first responsibility is to ensure The asset engineers are responsible for maintaining the asset 2 they work safely. 2 and protective systems integrity. Everyone has the duty to stop work if they feel the The responsibilities in the organisation for defining and maintaining 3 situation is unsafe. 3 the correct operating envelopes must be clear. The expectations and standards are the same for Operating procedures and envelopes must be observed. 4 everyone on the site. 4 Deviations must be reported and investigated. Rules and procedures must be observed Any changes must be properly risk assessed and subjected 5 and respected. 5 to MOC procedures. We should look out for each other’s safety and Process hazards are systematically identified, risk assessed, 6 unsafe situations. 6 reviewed and managed. All injuries and incidents / near misses must be reported All assets must be subject to periodic inspection designed to ensure 7 and investigated. 7 their integrity and the reliability of their protective systems. Risk assessment must be carried out prior to, during and Operations must always place the safe operation or shutdown 8 on completion of work. 8 of the asset ahead of production. All team leaders have a special responsibility for promoting When in doubt the asset must always be taken 9 and upholding these principles. 9 to its safest state. We must always work within the limit of our We have emergency plans based on assessed risks 10 competency and training. 10 which are regularly tested.
Performance against these principles is audited regularly on every INEOS site. Opportunities for improvement are logged and actioned in short-term and longer-term plans.
INEOS | 2020 SUSTAINABILITY REPORT 26 2.1 Excellence in safety, health and the environment | continued
These principles are supplemented by immediately suspended from INEOS our Life Saving Rules, set out in one property pending an investigation. of the INEOS Group Guidance Notes If the person is found to have (IGGNs). These are mandatory rules intentionally acted with negligence, and must never be broken. they are automatically dismissed from INEOS employment, whether they are an Life Saving Rules employee or a third- party worker. No consumption or being under the influence 1 of alcohol or drugs on company property. We also have a 'near miss' reporting system, which No smoking outside dedicated is actively encouraged 2 smoking areas. across all businesses, No work on live equipment/machines to sites and employees, 3 commence without authorisation. designed to identify, report and learn from issues or cover, for example, rules for permits Safety critical devices/interlocks must not be circumstances that could to work, equipment inspection, and Huge improvements 4 disabled or overridden without authorisation. lead to unsafe conditions. change management. have been made over Persons working at height must use proper 5 fall protection. Across all our sites, All employees have access to the years, as can be we invest in continuous the IGGNs through company No entry to confined space without improvement of intranets. Learning from any seen by the safety 6 authorisation and gas test. infrastructure and the incident is communicated across performance, but there working environment the company through a system Lifting/hoisting: no unauthorised person are a few critical and we audit standards of alerts. Businesses apply to enter the defined danger zone where 7 periodically. the guidelines in line with their activities that are so objects can fall. operational needs and configuration. important that any Although individual Each year, site managers and These seven simple but crucial life- businesses take full responsibility for operations directors sign off the breach will result in saving rules were put in place to their own overall operation, INEOS Letters of Assurance for each of instant dismissal. make every effort to avoid safety and applies common standards and their manufacturing sites. health incidents. practices across safety, health and These are the life environmental performance. These IGGNs meet and exceed ISO saving rules. Anyone found to be breaking any are set out in more than 30 INEOS health and safety standards of these INEOS Group rules is Group Guidance Notes (IGGNs), which across the company. JEFF SEED Group SHE Director INEOS Group
INEOS | 2020 SUSTAINABILITY REPORT 27 2.1 Excellence in safety, health and the environment | continued
2.1.1 INEOS' health and safety performance
Over the past decade, the INEOS industries. Nevertheless, we designed to secure containment of approach to safety has resulted in a are constantly striving to better this. all products and raw materials. The fivefold decrease in the injury rate Our target is to achieve a zero injury loss of containment of any materials among employees and contractors. rate and make every working day is extremely rare but each has a When it comes to safety, health and injury free. level that is legally reportable to environment, we treat employees and the authorities. We closely monitor contractors alike, which is why we Safe handling and containment of all systems and we have internal report on their combined performance our chemicals and products is of reporting systems that trigger when working on our sites. In 2020 our critical importance to us. To monitor full internal investigation and OSHA (Occupational Safety and Health our performance, we have developed reporting where there is any loss Administration) recordable injury a measure to give us early warning of containment that is 10% of the rate of 0.17 injuries per 200,000 hours of any risks and opportunities to reportable level. We call these worked for employees and contractors improve. Each of the materials we LOC 10’s. combined is “best in class” in our use has a maximum legally permitted industry. level at which its leakage into the By sustained focus and continuous 1.2 1.13 environment is tolerated. However, improvement, over the lastWorld eight Class According to OSHA data in the US, this leakage of materials to 1.0that level0.91 is years we have reduced the frequency 0.79 is five times lower than the industry extremely rare. 0.8 of these minor losses by over a 0.66 0.66 0.15 average and over 10 times lower factor of four. Additionally, in 2020, 0.6 0.52 than the average seen in the utilities, Our processes, operating procedures zero fatalities0.40 0.42were reported across 0.4 0.32 construction and other manufacturing and working practices are all all INEOS sites. 0.23 0.20 0.17 0.2 0.16
0.0 INEOS Safety Performance INEOS2008 2009Environmental2010 2011 2012 2013 Measure2014 2015 2016 2017 2018 2019 2020 OSHA Recordable Rate per 200,000 hrs LOC 10 Employees + Contractors OSHA Recordable Rate per 200,000 hrs
1.2 200 1.13 179 World Class 180 1.0 0.91 160 153 0.79 140 137 0.8 0.15 0.66 0.66 120 0.6 0.52 100 87 0.40 0.42 80 77 0.4 0.32 60 54 0.23 0.20 40 0.2 0.16 0.17 20 0.0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020
INEOS 2020 SUSTAINABILITY REPORT 28 200 | 179 180 160 153 140 137 120 100 87 80 77 60 54 40 20 0 2015 2016 2017 2018 2019 2020 2.1 Excellence in safety, health and the environment | continued
2.1.2 Responsible care and product stewardship 2.1.3 Compliance with REACH
Over and above our own SHE rules safeguarding people and the In line with its SHE culture, INEOS • Hazard identification systems and guidelines, INEOS is a signatory to environment, and working towards is committed to fulfilling the that take advantage of available the International Council of Chemical sustainable solutions through our REACH (Registration, Evaluation, information. Associations’ (ICCA) Responsible Care value chain. Authorisation and Restriction of Global Charter. Chemicals) obligations. They ensure • Risk-based process for identifying, By following the guidelines and that companies understanding and prioritising Signing the charter is part of our measures of Responsible Care® manage the risks concerns and managing chemicals commitment to strengthening we commit to safely conducting associated with in commerce. chemicals management systems, our business in an ethical and their products and • Risk reduction measures, including environmentally responsible provide customers limitations on use or even phase- manner and providing the with the information outs of specific uses of chemicals foundation for development and they need to handle where unacceptable risks are not capital investments. them in a safe and otherwise manageable in a manner sustainable way. that is appropriate for the risks INEOS also adopts a and mindful of the benefits of a comprehensive approach to INEOS often goes beyond REACH particular chemical in the context product stewardship, so that in the stewardship we apply to of its use. our products enter and move our products across all markets. along the supply chain to the The INEOS approach to product • Transparent flow of information customer in a safe and ethical stewardship is managed by a throughout the value chain manner. We work with our company-wide REACH network and (e.g. suppliers, manufacturers, customers to ensure they have includes the following: customers, waste vendors, etc.), so the information, procedures and that manufacturers and users can • A global management system facilities to receive, store, and understand and manage risk and to deliver excellence in product use products safely. provide meaningful and relevant stewardship and meet required information to their respective local, regional and business- We are also working towards stakeholders. implementing our very own specific standards. INEOS Supplier Code of Conduct • Public availability of hazard, INEOS • Continual improvement of products (SCoC). A procurement team exposure and risk information. to avoid potential problems 12TH MARCH 2015 has been pulled together across before they become human or all businesses to ensure global environmental hazards. coverage. Our SCoC will be discussed in detail in the next sustainability report.
INEOS | 2020 SUSTAINABILITY REPORT 29 2.1 Excellence in safety, health and the environment | continued
Case study: Product stewardship efforts pay off
INEOS Nitriles is a good example together to be sure deliveries can be must use approved logistics service developments in safety. These of the way INEOS approaches product safely received, stored and handled. providers. We also audit safety conferences are held at the stewardship across the Group. standards at all the major transport request of sales representatives The business carries out a Our safe handling guides and training hubs that our products pass from any country. comprehensive technical and safety videos help customers maintain the through, such as ports, terminals audit of each potential customer highest safety standards and our and warehouses. During such events, customers before deliveries commence. specialist technical teams are on hand can be invited to take a tour of the to offer advice and support. INEOS Nitriles also holds product nearby INEOS facility to see safety This check ensures that equipment, stewardship conferences in the US work in action, therefore adding safety protocols and procedures meet To ensure safe transport of our and in Europe, bringing customers real value to our ongoing partnership our stringent standards, and we work products, all Nitriles customers together to review the latest with them.
INEOS | 2020 SUSTAINABILITY REPORT 30 2.1 Excellence in safety, health and the environment | continued
INEOS is a signatory of Operation The 6 commitments Clean Sweep (OCS) a voluntary of OCS in Europe stewardship programme of the Plastics Industry Association By signing the European OCS (PLASTICS) and the American pledges, each pellet-handling Chemistry Council. company recognises the importance of preventing spillages into the environment and commits to the INEOS applies this commitment following six actions: to achieve zero pellet, flake and powder loss across its sites and 1. improve worksite set-up to supply chain. INEOS is committed prevent and address spills, to keeping this material out of the marine environment. 2. create and publish internal procedures to achieve zero industrial plastic material loss, Actions are taken across our polymer plants to prevent pellet 3. provide employee training loss on all our sites, especially in and accountability for spill wastewater streams. prevention, containment, clean-up and disposal, INEOS continuously improves its 4. audit performance regularly, performance by installing pellet containment measures such as filters, 5. comply with all applicable state water separators, extractors, air and local regulations governing blowers, and rumble strips. It also industrial plastics containment, demands training of truck drivers 6. encourage partners (contractors, and hauliers and includes clauses in transporters, distributors, etc.) supply chain contracts to commit to to pursue the same goals. the Clean Sweep principles.
INEOS | 2020 SUSTAINABILITY REPORT 31 2.1 Excellence in safety, health and the environment | continued
2.1.4 Water management and use
INEOS ensures that water sourcing, treatment and discharge complies 3 with international and local regulations Total water withdrawal: 968 million m and has extensive measures in place to monitor, manage and minimise surface water groundwater seawater 3rd party water water use. This protects the natural 357 Mm3 (37%) 98 Mm3 (10%) 405 Mm3 (42%) 108 Mm3 (11%) environment and helps secure the safety, health and wellbeing of our employees and people who live and work close to our sites.
We report on process and cooling water. By definition, process water reuse, consumption & losses: comes into contact with our product 176 Mm3 and can be either reused or sent to an (total withdrawal – total discharge) on-site or off-site wastewater treatment facility. Cooling water does not come into direct contact with the product; therefore, no organic contamination occurs. If a separate discharge point exists, it can be released directly into a river or sea, without further treatment by a wastewater facility. surface drainage ground reservoirs to sea to 3rd parties Regardless of regional differences, 326 Mm3 (41%) 7 Mm3 (1%) 430 Mm3 (54%) 29 Mm3 (4%) the use and discharge of process and cooling water are strictly 3 monitored by quantity and quality. Total water discharge: 792 million m
Water withdrawal and discharge are heavily regulated, and it is anticipated • We track our water footprint and • We investigate and implement Several measures, such as closed- that requirements will become even implement best practice, such as opportunities to treat and loop water systems and procedures to stricter as policymakers seek to recycling water in closed cooling reuse wastewater on-site. reuse process water or condensates address chemicals in the environment systems, harvesting rainwater, Where this is not possible, we onsite or at neighbouring production as well as global water scarcity. We using seawater, and recovering send wastewater to an external plants, are standard practice at closely monitor data from all INEOS solvents from wastewater. wastewater treatment facility or INEOS sites. production sites to optimise our seek industrial symbiosis. water strategy.
INEOS | 2020 SUSTAINABILITY REPORT 32 2.1 Excellence in safety, health and the environment | continued
Monitoring and preventing To prevent groundwater • other water reduction examples groundwater contamination contamination, strict measures include the use of reverse osmosis Local and national regulations on are in place at all INEOS sites. for make-up water in cooling groundwater contamination are strictly water systems (Doel, Belgium), For example: followed across all INEOS sites. reduction of cooling water by • installing storage tanks and optimising the osmosis plant For example: loading/unloading facilities (Rosignano, Italy) and substituting water jets (Marl, Germany). • at our sites in Germany an initial in bunds, state report (AZB) has to be • using impervious floors, kerbing Wastewater reuse prepared in accordance with the and bunding, European Industrial Emissions INEOS is working to reduce its water • building process units on concrete Directive (IED), to define the footprint, contributing to responsible with dedicated sewage facilities. reference state of the groundwater water care. One of the most efficient and assess the current state of ways of doing so is reusing process In case of leaks, we have direct specific substances, water. Due to the nature of chemical actions and procedures in place. processes, wastewater is nearly • legislation to handle hazardous Remediation is according to the rules always contaminated, but the INEOS substances in water is in place stipulated by the authorities and in sites are optimised to cascade to outline the actions in case of the INEOS IGGNs. wastewater streams until no further contamination, use is possible. • our sites in Belgium follow the Equipment and technology upgrades For example: Flemish legislation which requires Reducing water consumption is one of the monitoring of groundwater on INEOS' targets as an essential element • purifying process water in a regular basis, in the design and retrofit of our plants. the ethanol recovery and recycling • our US sites, groundwater back into other processes monitoring is performed to detect For example: (Hull, UK), any potential contamination issue • in Hull (UK), one major water • minimising wastewater treatment if a site has a permitted disposal consumer is the cooling tower. by recycling process water facility on-site. An online system has been put in (Doel, Belgium), place to analyse the composition • caustic soda dilution using of the product and minimise the wastewater (Gladbeck, Germany), blowdown in the cooling tower, • feeding process purge water into cooling towers (Feluy, Belgium).
INEOS | 2020 SUSTAINABILITY REPORT 33 2.1 Excellence in safety, health and the environment | continued
2.1.5 Management of waste Waste generated across all businesses worldwide
INEOS has an extensive list of • We investigate and implement Waste1.0 generated across all businesses worldwide measures in place to monitor opportunities to derive value from 0.9 Hazardous waste disposal and manage pollution, hazardous waste and by-products at our sites 1.0 72% energy recovery 0.9 Hazardous waste disposal materials and waste. This protects the (by internal reuse or exporting it as 0.8 13% recycled/reused natural environment, in compliance a raw material for third parties to 0.3 72%5% energy incinerated recovery with national regulations, and helps reuse) and have developed tools to 0.8 13%3% recycled/reused landfilled 5% incinerated secure the safety, health and wellbeing facilitate industrial symbiosis (e.g. at 0.6 0.3 7% other pathways
[ Mt/y ] 3% landfilled of our employees and people who live Hull (UK) as a result of the European 0.6 7%Non-hazardous other pathways waste disposal and work close to our sites. Horizon 2020 project EPOS). [ Mt/y ] 0.4 54% landfilled 0.6 Non-hazardous waste disposal • We track INEOS’ waste footprint • We work to reduce end-of-life 0.4 26% recycled/reused 54% landfilled and implement best practices waste associated with our 0.2 0.6 7% incinerated to prevent loss of containment materials, setting recyclability 26%3% recycled/reused energy recovery (e.g. minimising plastic pellet loss and recycled content targets (e.g. 0.2 7%10% incinerated other pathways 0 3% energy recovery at our sites under the Operation investing in advanced recycling 2019 10% other pathways Clean Sweep initiative). technologies). 0 2019
lowering waste and using materials using materials to recovering energy REDUCE REUSE RECYCLE RECOVER energy produced repeatedly make new products from waste lowering waste and using materials using materials to recovering energy safe disposal REDUCE energy produced REUSE RECYCLE RECOVER repeatedly make new products from waste LANDFILL of waste safe disposal Reducing, reusing and recycling waste is standardLANDFILL practiceof waste REDUCE REUSE across our business and sites. When onsite recycling or reuse is lowering waste and using materials REDUCEenergy produced REUSErepeatedly not possible, by-products are often reused by third parties. lowering waste and using materials Remaining waste that cannot be reused is shipped to specialist energy produced repeatedly 4 waste treatment facilities. Stringent procedures and safety RECYCLE RECOVER checklists are standard at all sites. All personnel working with, using materials to recovering energy R’s RECYCLEmake new products RECOVERfrom waste handling or transporting hazardous materials and waste are using materials to recovering energy make new products from waste required to have proof of the appropriate specialist training.
INEOS | 2020 SUSTAINABILITY REPORT 34 2.2 CLIMATE: HELPING TO DELIVER A NET ZERO EMISSION ECONOMY BY 2050
INEOS is taking • continuous energy optimisation of • development of new recycling concrete actions to our current operations, technologies to produce polymer Material topics covered: create meaningful and • acquisition of renewable energy products containing recycled plastic, • Climate change measurable near and sources to run our operations, • capture and use or storage of long-term reductions carbon dioxide (CO ), • Circular economy to its greenhouse gas • development of clean hydrogen 2 (GHG) footprint. At the same time, as a fuel, • investment in new assets to create a • Hydrogen economy we are positioning ourselves to take step change in reduced emissions. • use of recycled and bio-based • Carbon neutrality advantage of new opportunities offered feedstocks instead of fossil-based by this evolving energy and climate feedstocks, Each INEOS business applies a • GHG emissions consistent and scientific methodology environment. We are pursuing the management following initiatives: to roadmap each of its sites. • Energy management • Sustainable procurement
INEOS | 2020 SUSTAINABILITY REPORT 35 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
Best practice in each category, for example: 2.2.1 GHG emissions
GHG reduction measures, clean technologies, Using the INEOS science base, Accordingly, this indicates that 2.8 Mt innovation in recycling and circularity, is shared our 2019 GHG footprint is 20.8 Mt CO2-eq can be allocated to the INEOS CO2-eq (including CH4, N2O and HFCs. businesses IOG, ITS, FPS and the JV across all INEOS businesses through our climate This is broken into 15.5 Mt CO2-eq Petroineos (50% INEOS). and energy network. direct emissions (scope 1: 75%) and 5.3 Mt CO2-eq indirect emissions The INEOS science base and emission
(scope 2: 25%; excluding 1 Mt CO2-eq data are used by INEOS sites and The group-wide network engages at all levels in of exported steam and electricity to businesses in setting their plans for third parties). When only considering 2030, as they develop scientifically the company. It is led by a dedicated team which production sites, INEOS’ carbon based roadmaps. To meet the emission coordinates emissions, energy, resources, waste footprint consists of 13.2 Mt CO2-eq targets, our sites and businesses will direct and 4.8 Mt indirect emissions; apply a range of approaches, including and water data from across INEOS. therefore a total of 18.0 Mt compared fuel and feedstock switching, process
with the Group 20.8 Mt CO2-eq optimisation, carbon capture solutions INEOS monitors emission data and reports footprint. The reduced figure excludes and offsetting. refining, exploration and production greenhouse gas and other air emissions of oil and gas, trading and shipping We have also started to develop an and pipeline activities and is used INEOS-wide science base on scope 3 on an annual basis according to to calculate intensities based on emissions and are looking to report internationally recognised standards products manufactured. them in the future. to track its progress. GHG footprint
25 20.8 20 5.3 25% indirect emissions
15 -eq/y] 2 15.5 75% direct emissions 10 [Mt CO
5
0 2019
INEOS | 2020 SUSTAINABILITY REPORT 36 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued net zero by 2050
2.2.2 Our pathways and roadmaps
Solid environmental data collection and a fixed reference year play an At INEOS we distinguish six main important role in defining emission emission reduction options: carbon capture 4 and utilisation (CCU) reduction pathways and setting priority carbon targets at INEOS sites when drawing capture up 2030 and 2050 roadmaps. carbon capture 5 and storage (CCS) We will reduce like-for-like GHG emissions by 10%, by no later than 2025, based on our 2019 emissions. We are investing over three billion euros over the next five years to reduce our footprint further. Our site roadmap initiative and 2030 investment plans, 6 offsetting aim to drive down our GHG emissions 1 fuel switching e.g. compensation, removals. to set realistic and achievable targets e.g. H2, bio, recycled, electrified,... 3 optimisation e.g. efficiency, circularity, towards net zero by 2050. 2 feedstock switching digitalisation,... e.g. bio, waste, recycled, CO2,...
INEOS | 2020 SUSTAINABILITY REPORT 37 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
2.2.3 Continuous energy optimisation
Continuous improvement in efficiency Monitoring progress A combination of metering, sampling Improvement actions in place and reduction of energy use and Each INEOS site is measured against and analysis is used to achieve INEOS' global carbon and energy carbon emissions is standard practice previous emission years, other a 'top tier' level of compliance. footprint is presented in half-yearly across INEOS. Our sites sign up to production sites in the business, and Site monitoring plans are verified CEO meetings and results in climate energy management systems such as its profile in a country. Emissions data according to local standards through and circular investment planning for ISO 50001, EMAS in Europe, ESOS in for each business are compared environmental permitting as well as each business. Based on 2019 data, the UK and EBO in Flanders, and have against all INEOS businesses. The data impact assessments by INEOS site a site-based action plan has been regular energy audits in compliance also makes it possible to compare management teams or local authorities. drawn up to reduce GHG emissions with our IGGNs. Our approach sites and units, suggest and improve circularity in the short supports a cleaner environment, reduction pathways, Energy audit preparation and longer run. reduces our energy use, and makes prioritise at source our business economically & on site workshops or end of pipe solutions, Process optimisation more sustainable. set targets and track INTERNAL RESOURCES & ENERGY AUDIT TEAM At INEOS, carbon and energy perfor- roadmap progress. KNOWLEDGE MANAGEMENT Group Energy Manager Projects vary widely: from finding new • energy audit approach mance is driven by process efficiency. • checklists ways of improving process efficiency Each site monitors and Lead Auditor • pan-INEOS evaluations Site optimisation plans are made and • energy efficiency projects to innovative solutions for heat reports carbon and Second Auditor discussed on a regular basis and result international expertise: in typical reduction measures. integration or more selective catalysts energy data in compliance • business experts for our processes. with local rules. site to be audited • process & energy system experts For example: • efficiency of power plants, • optimisation of steam networks, • recovery and reuse of off-gasses in utilities, • reduction of flaring, • cooling automation, • advanced process control (e.g. distillation columns), • catalyst improvements. Site actions that enhance energy performance (e.g. heat integration) often also result in decreasing GHG emissions.
INEOS | 2020 SUSTAINABILITY REPORT 38 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
Energy mix management and planning through process optimisation and fuel Each INEOS business and site switching. Energy reduction and has identified and implemented substitution measures are a key part opportunities for improving the share of the roadmaps for each INEOS site. of renewables in their energy mix. The energy intensity value per Energy sourcing is a key driver tonne of product manufactured at of emissions reduction and has a our production sites (excluding significant impact on our carbon refining, exploration and production footprint. INEOS collects and of oil and gas, trading and shipping analyses energy data for each site, and pipeline activities) stood at business and company-wide, thus 6.51 GJ/t in 2019. Energy intensity providing a comprehensive overview per tonne of product sold in 2019 of energy use across INEOS. These was 7.99 GJ/t. systems enable detailed energy
Energy footprint
350 5% hydrogen 326.5
300 27.6353 8% steam 33.1 250 10% electricity 200 249.2 77% fossil fuels
[PJ/y] 150
100
50
0 2019
INEOS | 2020 SUSTAINABILITY REPORT 39 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
2.2.4 Clean energy sources to run our operations
Most INEOS sites use clean energy INEOS is exploring opportunities Clean energy consumption breakdown according to the local electricity mix, to apply increased use of wind and some via own investments in green solar power coupled with electrification power (wind turbines, solar panels), to enable us to substantially reduce 40 though biomass or landfill gas as fuel emissions towards our goal for 2050. 35 0.2% renewable fuels for power plants (Chocolate Bayou), 29 by purchasing bio-based steam (Doel) The use of renewables in the INEOS 30 <1 4% green steam or by refuelling with H2 (Köln). Some fuel mix is also covered in our energy 25 sites have invested in electrical site footprint. These include zero carbon 12 41% clean power cars to promote low-carbon energy energy sources such as hydrogen (5%) 20 [PJ/y] sources. INEOS plans to engage in and clean power (4%). 15 power purchase agreements (PPA) and 54% hydrogen 10 16 carbon contracts for difference (CCfD). 5
0 2019
INEOS | 2020 SUSTAINABILITY REPORT 40 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
2.2.5 Development of clean hydrogen as a fuel
INEOS actively participates in We are already Europe’s largest INEOS makes enough hydrogen innovation projects with a focus on developer and operator of electrolysis each year to fuel 300 million miles INEOS is uniquely fuel and feedstock switching to save technology in our chemicals business, of heavy goods vehicle travel. This energy use and carbon emissions. and have H2 storage infrastructure. is the equivalent of 12,000 trucks placed to play a leading The development and implementation The two combined can help buffer the circumnavigating the world. role in developing of new industrial tools and intermittency of renewable energy. technologies are also a priority. Clean hydrogen will provide zero new opportunities We also have the advantage that emission power for industry and for hydrogen, driven Like many governments around we can kickstart the transition homes and meet the growing demand by emerging demand the world, we believe that hydrogen using our existing hydrogen, which for hydrogen fuelled vehicles. will be a key element for the is a co-product in our current for affordable, low- transition to a zero carbon economy. processes. carbon energy sources, combined with our existing capabilities in operating hydrogen oxygen large-scale electrolysis.
GEIR TUFT H2 + O2 CEO INOVYN
wind turbines & electrolysis solar panels of water
INEOS | 2020 SUSTAINABILITY REPORT 41 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
The potential role of hydrogen in the economy HEAT Hydrogen has been used for a long time in the chemical industry hydrogen/gas TRANSPORT as feedstock in the manufacture of products such as fertilisers. infrastructure for heat We produce hundreds of thousands of tonnes through our chlor hydrogen alkali and refining operations. There is growing interest in vehicle hydrogen for zero carbon energy both in the chemical industry and in the wider economy, for example in mobility. While the key advantages of hydrogen lie in it being a zero-carbon energy synthetic vector and the fact that it can be used to store energy, it is fuels important to note that it can be produced in a low carbon manner, such as electrolysis with renewables or through steam methane reforming (SMR) with carbon capture and storage (CCS). upgrading oil/biomass POWER
battery hydrogen power INDUSTRIAL generation
fertiliser electricity grid
metal refining
renewables H2 storage other end uses nuclear hydrogen gas generation
INEOS | 2020 SUSTAINABILITY REPORT 42 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
2.2.6 Capture, utilisation or storage of carbon dioxide (CO2)
Although INEOS’ vision is to cut Our ultimate goal is to capture emissions at source, we recognise carbon dioxide and derive that carbon capture and storage value from it. We are working with (CCS) will still play an important role partners in the port of Antwerp in mitigating GHG emissions in the to build a demonstration plant to short run, and utilising captured make clean fuel from captured carbon (CCU) in the long run. Indeed, carbon dioxide and green hydrogen. we already operate carbon capture The project will use INEOS’ at several INEOS sites. expertise in electrolysis, hydrogen, and carbon capture, and if successful For the last decade, INEOS has been will be a breakthrough in the path capturing GHG emissions at plants in towards large scale production of Antwerp (Belgium), Lavéra (France) zero emission liquid fuels. and Köln (Germany), removing over one million tonnes of CO2 – equivalent INEOS is also a partner in the to the annual emissions from ELEGANCY research project looking 100,000 cars. We are also leading the into CCS. It involves consortia from Greensand pilot project in Denmark the UK, Norway, the Netherlands, where we plan to repurpose our Germany and Switzerland. depleted oil field to a long term CO2 storage facility. INEOS can bring its experience because it is Greensand CCS pilot already capturing half of the oxide process A Carbon capture & B ISO container C ISO container onto D Platform supply vessel ISO container loading transport platform supply vessel to Nini platform emissions in Antwerp
ISO
INEOS ISO and has invested in CCU ISO ISO ISO ISO ISO ISO ISO ISO ISO
Oxide Liq.
Carbon Capture ISO ISO ISO ISO at three other locations
Transfer of CO from CO injection CO injection into Monitoring of injected CO in Europe: Lavéra, Tavaux 2 2 2 2 E vessel to jack-up rig F through coil tubing G Nini West Reservoir H at 200bar and 5°C and Köln.
ISO ISO ISO ISO ISO ISO ISO ISO ISO ISO ISO ISO GREET VAN EETVELDE Head of Energy and Innovation
INEOS | 2020 SUSTAINABILITY REPORT 43 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
2.2.7 Use of recycled and bio-based feedstocks instead of fossil-based feedstocks
INEOS has already demonstrated Each step in the supply chain has according to the displacement of fossil this concept at commercial scale by been fully certified by the Roundtable fuel-derived raw materials. We are very proud feeding sustainably sourced bio-based on Sustainable Biomaterials (RSB) materials into our large olefin plants to track the renewable materials The RSB process also tracks and to have achieved RSB in Köln, Germany. The biomass does and ensure their sustainability. The measures the GHG saving through certification of Olefins not compete with food production; it is final product carries an attribution the life cycle of the product. The from a renewable residue of wood pulp INEOS bio-attributed polyolefins can and Polyolefins from processing and has been successfully be made with 100% substitution of our Köln site. Being able converted into bio-olefins. bio-feedstock and provide significant to offer bio-attributed GHG savings. It results in products In 2019, INEOS Olefins & Polymers which have a proven positive impact olefins and polymers Europe announced a range of bio- on the environment without sacrificing represents another attributed olefins and polyolefins. product performance. concrete step for INEOS along the path towards a more circular The renewable feedstock Petrochemical production and sustainable sources are certified by the economy. Roundtable on Sustainable feedstock products Biomaterials (RSB) to assess fossil conventional LIZ RITTWEGER that they are managed Business Director in accordance with their INEOS Olefins & Polymers Europe sustainability criteria. A credible external certification system is used
renewable allocated
INEOS | 2020 SUSTAINABILITY REPORT 44 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
INEOS is cutting its carbon footprint in a variety of ways:
Action Status/Example
Continuous optimisation of current operations The INEOS BAU scenario forecasts a 10% reduction in GHG emissions compared to 2019 by 2025.
Increase of clean energy sources INEOS intends to grow the share of green and clean energy sources in its utilities.
Development of clean hydrogen as fuel INEOS is Europe’s largest developer and operator of electrolysis technology in its chemicals business and has hydrogen storage infrastructure. We make enough hydrogen each year to fuel 300 million miles of heavy goods vehicle travel. We have the advantage that we can kickstart the transition to hydrogen using our existing production, which is a co-product in our current processes.
Use of recycled and bio-based feedstocks INEOS is committed to achieving a more circular economy where materials are reused and recycled to the instead of hydrocarbon feedstocks maximum extent possible. We have already set four targets for 2025: • offer a range of polyolefin products for packaging applications containing at least 50% of recycled material, • use on average 30% of recycled material in polystyrene packaging products, • incorporate at least 325 kt of recycled material in our products, • ensure that 100% of our polymer products can be recycled.
We are also working with and supporting brand owners and industry groups to agree and set common industry targets.
Development of new recycling technologies New styrenics and polyolefin products are being launched containing 50% or more of recycled material. to produce polymer products containing recycled plastic
Carbon capture and use (CCU) or storage (CCS) We are working with partners at the Port of Antwerp, Belgium, to build a demonstration plant to make clean fuel from captured carbon dioxide and green hydrogen. The project will use INEOS’ expertise in electrolysis, hydrogen, and carbon capture, and if successful will be a breakthrough in the path towards large scale production of zero-emission liquid fuels.
Investment in new assets to create A key example is the proposed Project ONE ethylene cracker to be built on the INEOS Antwerp (Belgium) site, a step change in emissions which will reduce GHG emissions to set a new benchmark in Europe.
INEOS | 2020 SUSTAINABILITY REPORT 45 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
Case study: Bio feedstocks cut carbon footprint
INEOS is exploring the use of bio certification by the Roundtable on To source the bio feedstock, INEOS RSB has certified each step in the feedstocks in its steam crackers Sustainable Biomaterials (RSB), the has recently signed a long-term process, starting from UPM’s crude to make polyolefins and polyvinyl bio-ethylene produced in this way can agreement with Finland’s UPM tall oil residue to the bio-naphtha and chloride (PVC) that have lower be attributed to VCM and hence to the Biofuels for the supply of the latter’s then to final polymers. The agreement GHG footprints. BIOVYN™ PVC. UPM BioVerna, a sustainable naphtha supports INEOS’ plans to make substitute made from the residue plastics from renewable materials, INOVYN, INEOS’ PVC business, The product is already attracting a of wood pulp processing. This is fed significantly reducing GHG emissions is commercialising BIOVYN™, a lot of interest from customers in the into the Köln naphtha cracker to and supporting a more sustainable green PVC made in two production automotive, flooring and pipe sectors produce bioethylene and hence approach to its business. sites in Europe, which it offers as who want to use a material to meet a wide range of bio-attributed 100% non-fossil-fuel attributed, their end customers' green demands. polyolefins as well as PVC. These Read more... owing to the use of bio feedstocks in It also delivers GHG savings of more can be used in a range of products, INEOS’ Köln cracker. Using a mass than 90% compared to conventionally from plastic food packaging to balance approach and third-party produced PVC. medical items and pipes.
It is early days, and we are talking thousands of tonnes rather than hundreds of thousands of tonnes of product at the moment. But it will start to meet an evolving demand from the market for green materials.
PETER WILLIAMS Technology Director, INEOS
INEOS | 2020 SUSTAINABILITY REPORT 46 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
2.2.8 Reducing emissions through our supply chain INEOS is committed Through our cross-business supply Our businesses generally to operating as a chain network, directors and business encourage customers to co-locate managers meet regularly. They share on the same industrial sites or responsible corporate best practices including how to make at locations that are connected, citizen. Our mission the most of low-carbon logistics. All thereby creating chemical clusters, our suppliers are required, through for example at Antwerp, Belgium is to be a leader in our contractual arrangements, to be and Houston, USA. This approach our industry and to as efficient as possible in providing a means that we can deliver product service on our behalf. As part of this, directly by pipeline. Our next continuously improve we continually seek fuel efficiencies. preference is to use a ship or barge, our performance, but This mindset, together with efficient then rail and, finally, road. As part in so doing we will transport planning, helps us to of ongoing work with our transport maintain safety, drive costs down and providers, we also strongly not compromise our improve carbon savings across our advocate training for drivers on environmental, health, supply chain. fuel-efficient driving. or safety standards for any reason. The main elements of our supply chain are: DAVID THOMPSON CEO, INEOS Trading and Shipping and 1 2 3 Procurement Director for INEOS Group
responsible energy and resource safe and reliable procurement of our efficient production of transportation of raw materials, our products, our products to our customers.
INEOS | 2020 SUSTAINABILITY REPORT 47 2.3 CIRCULAR ECONOMY: MAXIMISING THE REUSE AND RECYCLING OF OUR PRODUCTS
Resource conservation In a circular economy, products are This saves resources, reduces and waste reduction designed to improve recyclability so greenhouse gas emissions and creates Material topics covered: are major concerns of they can be recovered and reused opportunities for our customers and society and regulators or recycled to the maximum extent our businesses. This is especially true • Climate change today. Pressure is being possible, reducing landfill, incineration in those businesses with products brought to bear on and the demand for fossil-based that reach the end-consumer, such • Circular economy industrial producers to reduce their raw materials. as polyethylene (PE), polypropylene • Waste management material intakes and cut waste and (PP), polystyrene (PS), acrylonitrile pollution by moving to a more circular INEOS is committed to playing butadiene styrene (ABS) and polyvinyl economy. its part and achieving a more chloride (PVC). circular economy. The move to a more circular economy The INEOS pledge will also maximise the valuable ...incorporate at least contribution that such plastics make ...use on average kt/a to society whilst minimising their recycled content 325 environmental impact. 30% in products of recycled material destined for polystyrene packagaing in Europe into products
...ensure ...deliver ...we will offer a range of polyolefin (PE and PP) products for packaging applications containing at least kt/a 100% of recycled material 900 of polymer products and use vinyl recycling through our leadership of the 50% can be recycled VinylPlus programme
INEOS | 2020 SUSTAINABILITY REPORT 48 2.3 Circular economy: maximising the reuse and recycling of our products | continued
INEOS is also working with, and supporting, brand owners and industry groups to agree upon and set common industry targets for recyclability and recycling.
For example, instead of using fossil- advanced recycling based carbon to produce polyolefins and PVC, INEOS is using UPM BioVerno, a sustainable raw material from a renewable residue of wood pulp refinery/biorefinery processing. The carbon footprint of these bio-attributable materials can be up to 90% lower than conventionally made products.
Our Styrolux ECO and Styroflex ECO resins are compliant products enabling shredded clean waste the substitution of fossil source styrene manufacturing plant with a certified bio-attributed styrene. Over their production lifecycle, our products ECO resins provide GHG savings compared to a fossil fuel equivalent.
INEOS businesses are devoting considerable effort and resources to users developing ways of recycling plastics post-consumer use. But we realise that no single recycling method is products sufficient to meet INEOS’ targets. We are developing several different technologies in parallel, each suited to where the plastic waste recovered is or recovered in pure form after and high recycled content. For a different fraction of the plastic waste physically processed into reusable dissolution in a solvent. example, we have developed new which is collected. form; and advanced recycling, in which grades of ABS containing recycled the waste plastic is either broken down A major focus is to combine a high material that still fulfil the stringent These can be broadly grouped into chemically into its constituent parts performance and lower carbon specifications required to meet two categories: mechanical recycling, for repolymerisation into new polymer, footprint with easier recyclability, demanding applications.
INEOS | 2020 SUSTAINABILITY REPORT 49 Our starting point for increasing recycle rates is safe and sustainable product design. We harness our skills in material science to design products that make recycling easier to do. Often this will involve designing products, and especially packaging, that consist of only one polymer but still have the performance of multi- component systems.
Product innovation is at the centre of our business. Our objective is simple: to take concrete actions now to create the new products required to lead the transition to a circular economy and a carbon neutral future.
These products deliver improved resource and energy efficiency to our customers, and so reduce the overall environmental footprint of the product in use.
Nevertheless, we realise we have to develop the technologies needed to recycle each part of the plastic waste stream that can be collected. Some is recovered as a relatively pure stream; in which case we can recycle it mechanically for reuse in a new application. However, much of the waste plastic is contaminated with food or mixed together with other materials, and for these we need advanced recycling methods.
INEOS | 2020 SUSTAINABILITY REPORT 50 2.3 Circular economy: maximising the reuse and recycling of our products | continued
2.3.1 Mechanical recycling 2.3.2 Advanced recycling
In mechanical recycling, plastic waste Dissolution technology by depolymerising waste PS back We have recently demonstrated the is physically processed back into Waste polymers can be purified to styrene, then repolymerising it to technology at commercial scale by pellets, without changing the basic by dissolving them in a solvent and make products identical to new fossil feeding oils derived from mixed plastic structure of the material. This method reducing or eliminating additives, carbon-based materials. We are waste to our large olefins unit in Köln, is the quickest route to increasing colours and impurities. The now working with several partners Germany. The process and resulting recycling rates. technology is still in the early stages to commercialise the process using products have been certified by an of commercial development. state-of-the-arttechnologies. independent accreditation body. Across our businesses, we have already launched more than 25 Depolymerisation Pyrolysis Gasification new product grades that contain Another approach is pyrolysis of Mixed plastic wastes can also over 50% recycled content. Many of In depolymerisation, polymers are recovered and separated mixed plastic waste, in which mixed be converted by gasification to a these contain newly developed high- plastic waste is converted to an oil synthesis gas which can then be performance grade products to boost from consumer waste streams then unzipped back to the starting via a thermal cracking process. The further converted into polymers and properties to match the performance resulting oil is further purified and other products. We are exploring this of virgin material. monomers from which they were made. These can then be purified and processed, then used as feedstock approach with academic and industry in steam crackers to produce the partners because it may provide a We have, for instance, developed new repolymerised to make high purity virgin resin. base molecules (ethylene, propylene, large scale, flexible, cost-effective way polyolefin products containing up to butadiene, benzene) for polymer of reusing difficult-to-recycle mixed 70% recycled polymer for a range of production. waste streams. applications. Our INOVYN business In a world first, INEOS Styrolution has has fostered industry recycling proven the concept for polystyrene. It has demonstrated full circularity This recycling method is developing Gasification offers the highest initiatives which have enabled about rapidly, and INEOS is at its forefront. flexibility and scalability in terms of 800,000 tonnes of PVC to be recycled The advantage is that it can process a waste, feed and recyclate. However, each year. wide range of post-consumer mixed as all advanced recycling techniques Recycling plastic waste it is highly energy intensive and One of the main bottlenecks STOP: Landfill that could not requires significnat investment and in this approach is the economic STOP: Incineration otherwise be development, for which joint industry collection and recovery of recycled and collaboration will be needed. Waste
sufficient volumes of plastic would end up
waste of the right quality.
• Best CO2/Green house gas footprint Polymers G M t P D D d in landfill or These advances have been made by
s
a y i e e e s e t s r p c s o p c i o h To this end, INEOS is working f o l a e i l y l a c y e p be burnt. our multidisciplinary research teams, s u n a m h x i t t i s i c C e i e o • Food contract expected Monomers o a t o r n • with partners to help stimulate n l e f i t s r k o m formed to bring material science, a e n r f c e a i t i m x i y c o c i m investment in recovery e n li ff i d n o x g e t e w ly e ) • INEOS wide cooperation Feedstock product design, applications and d h e a ig m t w s H ti t • a infrastructure in Europe. a e st l s e c t B y e • c process knowledge together for a re , ed fe common purpose. Advanced te as Recycling (w ility exib • Highest fl
INEOS | 2020 SUSTAINABILITY REPORT 51 2.2 Climate: helping to deliver a net zero emission economy by 2050 | continued
Case study Recycl-IN polyolefins maintain quality
INEOS has launched a range of resource. So much so that we recycled content without compromise Collaboration agreements with polyethylene and polypropylene want to encourage the increasing to product performance and quality.” waste management companies and products, made using a blend of very collection and recycling of plastic recyclers enable INEOS to source high specification virgin material materials after their initial use. Our Recycl-IN uses post-consumer a wide range of good quality recycled with up to 70% of recyclate to produce commitment to take material from recycled plastic from a number plastic, helping to drive an increase a polymer without sacrificing final this project helps to support of recycling companies, including in plastics recycling and the use product performance. The Recycl- investment in a new, state-of-the-art Viridor’s new state of the art recycling of recycled products. IN range covers rigid and flexible recycling facility. Using our polymer plant in the UK. products for use in non-food expertise, we will engineer a contact applications. new range of polymers to incorporate These Recycl-IN products mirror high levels of recycled plastics. These INEOS virgin grades and perfectly fit INEOS Olefins and Polymers' CEO Rob new materials will meet growing injection moulding and compression Ingram said: “Plastic is a valuable demand for increased levels of moulding machines.
INEOS | 2020 SUSTAINABILITY REPORT 52 2.4 VALUING OUR PEOPLE
We rely on the creativity, INEOS is well known for its each available position, recruiting based diversity, knowledge, entrepreneurial spirit and we on merit following the principles of Material topics covered: passion, and expertise encourage an adaptable, agile and equal opportunity. of our people to drive forward-looking approach to the • Training & career sustainable business way we do business. We want to In each of our locations, we directly management success and achieve a develop that innate willingness to recruit local talent into our operations competitive advantage. We want fresh learn and push towards increasingly and business. These local opportunities • Diversity & equality thinking and new ways of doing things. ambitious goals. are supplemented by group-wide initiatives such as our Core Graduate • Working conditions Our core guiding principle is to That means attracting a diverse range Engineering programme and European • Labour unions “value and respect”. INEOS of the highest quality candidates for Commercial Programme. encourages an entrepreneurial culture where talent can quickly rise to the top and where people There’s a dynamism around INEOS – a willingness, desire and ability to get things done. are rewarded for taking the initiative, as well as for their performance. There is a restlessness that you see in the people; they want to strive and do the next thing, We also place a large emphasis on find the next idea and get better. The sense of adaptability and agility is quite extraordinary. “healthy body, healthy mind”. Our We are one of the industry’s most entrepreneurial organisations, where everybody really aim is to provide an environment where everyone can develop to cares about the tangible things we’ve done rather than about our aspirational goals. their full potential. BRIAN GILVARY Executive Chairman. INEOS Energy
INEOS | 2020 SUSTAINABILITY REPORT 53 2.4 Valuing our people | continued
The latter is designed to attract employees participate in annual high quality candidates who wish to appraisals with their line managers pursue a commercial rather than to review performance, agree At INEOS, there’s technical career. targets for the year ahead and discuss their individual training and none of that ‘big company Graduates are assigned a senior development needs. approach’ – everyone manager as a mentor and attend corporate events in the first and We understand we have a duty is judged on how they third years of the programme. to ensure that our decisions do the job. People These provide valuable networking regarding recruitment, selection, get rewarded if they opportunities and allow them to meet development, and advancement senior leaders from across INEOS. of employees are based on merit, perform well and Candidates participate in interactive qualifications, demonstrated skills everybody knows that sessions and hands-on learning to and achievements. Our remuneration further develop their understanding strategy is to pay above market from the start. of financial management, leadership rates and to reward productivity and and business strategy. progress. All employees are expected TOM CROTTY to follow our Code of Conduct, act INEOS In year four, they can test their mental responsibly and not compromise Director of Corporate Affairs and physical boundaries by taking part our environmental, health or safety in our IN-NAM Challenge, a seven-day standards for any reason. adventure in the Namibian desert.
Training and development are continuous processes. From that first day of introduction, safety and job-related training is paramount throughout a career at INEOS. We are focused on enhancing professional and technical knowledge, as well as the development of their personal, management, and executive skills. Where appropriate, we also support working towards externally recognised qualifications.
Mentoring and support is a key part of career progression, and our
INEOS | 2020 SUSTAINABILITY REPORT 54 2.4 Valuing our people | continued
All our employees, wherever they Diversity and equality are in the world, know that they We value the diversity of our must hold themselves up to the people and each of our employees Being fit to work isn’t simply about being safe. It’s highest standards of ethics, integrity, is recognised as an important about being healthy, energetic, being our best, and being openness, and accountability in the member of our team. way they go about their daily business. sharper during our working time. We’re on a mission to All employees understand that help our employees improve their health and wellbeing, INEOS is a global company that values they have a duty to ensure that our the diversity of our people. We respect decisions regarding recruitment, whatever their role, goals or fitness levels. the rights, values and dignity of all selection, development and employees, customers, contractors, advancement of employees are based JOHN MAYOCK vendors, and other stakeholders. on merit, qualifications, demonstrated Director of Sports, INEOS Group skills and achievements. We practice We also facilitate reporting any the principle of equal opportunity concerns or grievances. Our INEOS without regard to race, colour, Speak Up! policy allows employees to religion, gender, age, national origin, Code of Conduct which describes These are used to review manpower share any concerns anonymously, if sexual orientation, gender identity, in detail the behaviours we expect planning requirements, and to they believe anyone acting on INEOS’ marital status, disability or political of all employees, and is available ensure that succession planning and behalf is behaving unethically or affiliation, and do not allow these to everyone. recruitment and development are improperly. They can do this through considerations to influence our meeting business objectives based our dedicated Speak Up! service, judgment or treatment of others. To monitor the evolution of our on merit. We collect data on age which is accessible via an independent workforce, we track employee and gender, but do not universally third party online or through a 24/7 This approach to diversity and demographics and review these track demographic data based on toll-free phone number. inclusion forms part of the INEOS annually across the INEOS Group. ethnicity, as definitions of racial and ethnic groups differ from country to country and collecting such data in some countries is a violation of Building the best workforce privacy laws.
Universities Grad scheme People TuWaS! Apprenticeships An ever growing number A 5-year duration 13 years of inspiring Our Köln apprenticeship of projects in collaboration graduate programme school pupils aged programme attracts with universities available in 4 countries 26,000 6 to 12 in Germany 3,000 applications involving PhD employees with TuWaS! for 60 places students
INEOS | 2020 SUSTAINABILITY REPORT 55 2.4 Valuing our people | continued
Training and development In-house training programmes include Everyone has access to an online modern apprenticeship schemes, health and fitness hub, the INEOS our PhD strategy, and ongoing training Energy Station, which offers gym for technicians, executives and facilities and fitness classes, individual leadership teams. and team-based activities and challenges, as well as training and INEOS operates as a federation nutrition advice. This allows people to rather than a corporation, adopting easily meet from across the business a decentralised structure and and encourages team bonding. approach where each individual business is primarily responsible for INEOS employees benefit from crucial developing and training employees. infrastructure and support for their All sites operate an annual continued wellbeing, ranging from performance appraisal system and mentoring to mental health care. training/development process that There is a genuine push to look after help to identify requirements and our people and support them. The then delivers these for each way we operate and do things is quite employee. Best practices are shared unique – and that is what helps to find across the group and experiences the best talent. All this attracts people and achievements compared and who want to come in and contribute to built upon. moving INEOS forward.
INEOS | 2020 SUSTAINABILITY REPORT 56 2.4 Valuing our people | continued
Case study: Tour de France Challenge
As Team INEOS – now the INEOS Grenadiers – completed its first Tour de France in 2019 with Egan Bernal crowned winner of the prestigious cycling race, INEOS employees around the world were gearing up for their own cycling challenge.
Emulating the efforts of the professionals, more than 2,000 INEOS employees, in teams, match the killometres covered by the riders in the Tour de France to raise money for charity.
Each day these teams would ride the equivalent of each stage of the world-famous race, squeezing in their mileage before, or after work.
More than 25 teams did this every day for three weeks, and combined efforts totalled 625,387km – equivalent to crossing the globe 15 times.
Of all those who took part, 94% covered more than 50km, with 11% riding over 1,000km in 3 weeks. INEOS made a donation to the local charity of choice for each team that completed the challenge. Over €30,000 was raised when the initiative first launched in 2018, rising to €104,000 in 2019.
Read more... The Alternative Tour de France Challenge (INCH Issue 16) Tour de France Challenge (INCH Issue 18)
INEOS | SUSTAINABILITY REPORT 2020 57 2.4 Valuing our people | continued
Part of the INEOS philosophy is to encourage people to take on more. One should try and maximise the number of days that are unforgettable.
SIR JIM RATCLIFFE INEOS Chairman
Case study: INEOS IN-NAM Challenge
While other companies may offer Over seven days, and supported by simple outward-bound course. We Read more... training and team bonding exercises, medical and fitness experts, they want do things that are different and Out of Africa — and fit for INEOS’ ethos has always been to push run, cycle and hike 325km across really challenging that create a everything! (INCH) the boundaries. Grit and determination the Skeleton Coast, Damaraland valuable life experience. are qualities we look for in all our and Kaokoveld Wilderness areas Watch the video... graduates – and we believe the best of Northern Namibia. They climb INEOS provides essential supplies for way of developing those all-important Namibia’s highest peak, pass through the challenge, and our graduates bring INEOS graduates take on the Namibia traits is by challenging them. volcanic craters and trek over a wild the enthusiasm and willingness to Desert in this astounding challenge and unforgiving landscape. succeed. Strength, attitude, commitment Each year, INEOS invites a group and a great team ethic are all important of graduates to push themselves to Contrary to other employers engaged attributes for INEOS. This journey their limits and embark on an in graduate development we believe gives our graduates the opportunity to African adventure. our graduates deserve more than a demonstrate these qualities.
INEOS | 2020 SUSTAINABILITY REPORT 58 2.5 IN OUR COMMUNITIES
Being a good neighbour collaborate and contribute to a bringing together local businesses underpins our licence better society. to share resources, infrastructure Material topics covered: to operate. We are and utilities, as well as offering committed to the long- That means sharing our resources our support at community events. • Community engagement term sustainability of and capabilities, and ensuring we This is demonstrated through our our business and to have regular and open discussions development of strong industrial support the communities living and about the work we do and the clusters at our locations in Antwerp We also hope to inspire the next working close to our sites. products we make. in Belgium, Köln in Germany, Lavéra generation of scientists and engineers in France, Grangemouth and Hull by welcoming children on visits to We aim to help inspire the next INEOS fosters collaboration with in the UK, Houston in the US and in our sites and through our employees generation of scientists and engineers, companies based around our sites, Rafnes in Norway. visiting classrooms. support our neighbourhoods and engage with local communities by working closely with schoolchildren and local governments. There’s a genuine desire to help society and the local communities where we operate. It comes back to this core message of why sustainability matters: it matters Through our staff volunteering to support charities, the sponsorship because of the places where you do business, the people around you and how you of local sports teams, or work with interact with those people. Community is part of our DNA and ethos. schools, colleges and universities to promote science, technology, PETER WILLIAMS engineering and mathematics (STEM), Head of Investor Relations, INEOS Group INEOS is always looking for ways to
INEOS | 2020 SUSTAINABILITY REPORT 59 2.5 In our communities | continued
Case study: The Daily Mile
INEOS-supported children’s health without need for staff training, and programmes have helped more than its impact can be transformational. 2 million young people become It improves children’s fitness, healthier and more active. concentration levels, mood and behaviour. Through close collaboration with Elaine Wyllie, founder of The Daily A growing network of researchers Mile, INEOS set up The Daily Mile around the world are studying Foundation in 2016. Elaine started the benefits of The Daily Mile. the initiative at her Scottish primary The emerging research has been school in 2012 with pupils running for published in many academic journals just 15 minutes each day. The scheme and online. Schools and teachers has now spread to schools worldwide, appreciate The Daily Mile for its ease inspiring children everywhere from of implementation, flexibility and France and Germany to the US and adaptability to a variety of settings. the United Arab Emirates. The Daily Mile has also delivered benefits for children’s physical and The aim of The Daily Mile is to improve mental health and wellbeing, and the physical, emotional and social learning capacities. health and wellbeing of children – regardless of age or personal Read more... circumstances – to create healthy The benefits of physical activity habits for life. The free programme is simple for schools to implement www.thedailymile.co.uk
INEOS | 2020 SUSTAINABILITY REPORT 60 2.5 In our communities | continued
Case study: GO Run for Fun
INEOS also supports children's health through its own children’s running initiative and charity: GO Run for Fun. This has also been gathering pace in recent years and is now recognised as the world’s largest children’s running initiative. More than 300,000 children aged 5-10 are taking part across 400 running events in 3,000 schools across 11 countries in Europe, Asia and the Americas. INEOS sites around the world work with their local communities to set up these events.
GO Run for Fun takes children on a 6-week plan leading to a fun, short-distance running event. Since its inception, the GO Run for Fun Foundation has been supported by INEOS and its founder, Jim Ratcliffe, driven by a personal belief that promoting the health and well-being of young people is a critical responsibility for INEOS and our wider society.
Read more... www.gorunforfun.com
INEOS | 2020 SUSTAINABILITY REPORT 61 2.5 In our communities | continued
Case study: TuWaS!
INEOS in Köln, Germany, has been at INEOS in Köln are very attached technical subjects and the associated that TuWaS! makes an important committed to neighbourhood initiatives to this initiative. TuWaS! supports tried and tested experimental and contribution to anchoring technology in the areas of children, culture, teachers with research-based learning teaching material, adapted to the and natural sciences in schools. sport and humanitarian issues since for children in grades framework curriculum. Schoolchildren Schoolchildren experience up close INEOS acquired the site in 2005. 1 to 6. The aim is to get students can work continuously over a period how exciting these subjects can be and Social responsibility at INEOS in Köln excited about the STEM subjects, of up to 16 weeks on a topic from also get the opportunity to visit sites to has many facets and is as diverse promote teamwork and language skills among biology, chemistry, physics and see this in action. as our workforce. For example, and familiarise them with methodical technology. The children experiment our local involvement extends working methods in a playful way. independently in small groups. They to promoting education in STEM get involved in teamwork, learn to subjects across 40 schools in the TuWaS! currently offers advanced document, discuss and solve problems Rhineland since 2008. People working training courses on 12 scientific and independently. At INEOS, we believe
INEOS | SUSTAINABILITY REPORT 2020 62 2.6 GOVERNANCE: SUSTAINING THE HIGHEST STANDARDS OF ETHICS AND COMPLIANCE
INEOS is committed procurement. Styrolution achieved Each business has dedicated to applying and a Platinum award, placing it in the compliance and legal managers Material topics covered: maintaining high top 1% of our industry. INOVYN and responsible for ensuring group standards and INEOS Europe AG achieved Gold policies are followed across all • Diversity & equality operating responsibly in ratings, placing them in the top 4%. operations. These include competition/ accordance with legal We were especially recognised for our anti-trust law, anti-bribery and • Ethics obligations and our own Code environmental performance, and to corruption (ABC), sanctions and • IT security of Conduct. recycling and the circular economy. modern slavery.
Compliance and transparency are essential to the safe and sustainable operation of our business, and we EcoVadis is increasingly a requirement for doing business. It’s a thorough sustainability routinely conduct audits and provide analysis that doesn’t just focus on environmental issues but also on a wide range of our training to ensure employees are up to date with the latest requirements and company’s policies and positions on everything from child labour to employee satisfaction. procedures. It’s a mark of quality. It’s helped motivate us to strive further to continue to improve performance across all our businesses. Our leadership on sustainability was recognised through the achievement of Gold and Platinum awards in GREET VAN EETVELDE 2020 sustainability assessments by Head of Energy and Innovation, INEOS Group EcoVadis. These are detailed audits of our work on environment, labour and human rights, ethics and sustainable
INEOS | 2020 SUSTAINABILITY REPORT 63 2.6 Governance: sustaining the highest standards of ethics and compliance | continued
All staff who could potentially be • Human resources. • conducting compliance exposed to any risk also complete • Digital system use and security. audits for all businesses and mandatory competition and any new acquisitions, • Violations of the code. sanctions training. • providing new employees with
INEOS encourages staff to report any compliance training as part of INEOS constantly monitors their induction, and evaluates changes to laws, instances of suspected malpractice regulations and sanctions and to their senior manager in the first • hosting legal and compliance adjusts its procedures accordingly. instance and offers an independent conferences to review progress, Supplementary training and updated 'Speak up!' service where they can discuss current issues and promote modules help to ensure compliance. anonymously report any concerns development, about unethical or unlawful behaviour. • operating a compliance network We also provide training on anti- No legal action was taken by for compliance managers to share money-laundering and prevention employees during 2019 with regard best practice. of terrorist funding, as well as data to anti-corruption and bribery, anti- security to all relevant employees. competitive or anti-trust practices. Part of our responsibility is to ensure that we maintain a robust policy on Our commercial contracts include Day-to-day management of anti-bribery and corruption, and do provisions expressly prohibiting any compliance is delegated to each not engage in any unethical practices illegal activity. Our requirements business executive team, but overall and investigate any reports of and behavioural expectations for governance and assurance to our suspected violations. employees and businesses are owners is provided by Group Treasury outlined in our Code of Conduct and Group Legal Compliance. Their Similarly, INEOS has a zero tolerance which is regularly updated and remit includes: approach towards modern slavery and communicated to all employees and • circulating guidance notes and is committed to ensuring transparency external Stakeholders. The code regular compliance updates to tackling this in our businesses and our comprises the following sections: the compliance managers across supply chains. the businesses, • Health, safety, security and the environment. • providing free competition and commercial law helplines with • Competition and sanctions. external international law firms, • Governance. • maintaining a legal compliance • Government and communities. database that contains articles, • Financial integrity and checklists, process, procedure and company assets. guidance documents and links to external resources,
INEOS | 2020 SUSTAINABILITY REPORT 64 2.6 Governance: sustaining the highest standards of ethics and compliance | continued
Most of INEOS' activities are carried acquisition activity; and protecting out in the EU and US and can be whistleblowers. We also provide considered at lower risk of modern relevant training and make our slavery. However, we recognise our anti-slavery policy available to responsibility to engage with staff all employees. and alert them to the risks of slavery, however small, across in their We are committed to ensuring businesses and supply chain and to that there is no modern slavery act upon them. Further information or human trafficking in our supply on INEOS' policy on modern slavery chains or in any part of our business. can be found in our Modern Slavery Our anti-slavery policy reflects Transparency Statement. our commitment to acting ethically and with integrity in all our business Our approach includes regular checks relationships. It also leads to and due diligence for onboarding new implementing and enforcing suppliers; monitoring potential risks in effective systems and controls to supply chains; carrying out selective ensure slavery and human trafficking supplier audits; including due diligence is not taking place anywhere in our regarding slavery in mergers and supply chains.
INEOS | 2020 SUSTAINABILITY REPORT 65 3.0 GRI INDEX
INEOS | 2020 SUSTAINABILITY REPORT 66 3.1 General disclosures
Organisational profile GRI disclosure # Disclosure title Chapter Page Comments 102-1 Name of the organisation Front cover 1 102-2 Activities, brands, 1.4 INEOS at a glance 7 All our brands per business can be found on products, and services 1.5 Our structure 8-9 our website: Our Businesses | INEOS Group 1.8 Our products and markets 12-13 102-3 Location of headquarters 1.4 INEOS at a glance 7 102-4 Location of operations 1.4 INEOS at a glance 7 102-5 Ownership and legal form 1.5 Our structure 8-9 102-6 Markets served 1.8 Our products and markets 12-13 All the markets that we serve can be found on our website: Our Markets | INEOS Group 102-7 Scale of the organisation 1.4 INEOS at a glance 7 Total capitalisation can be reviewed on our investor relations website: Investors | INEOS Group 102-8 Information on employees — — Information unavailable; we will report on and other workers this next year. 102-9 Supply chain 2.2.8 Reducing emissions through our supply chain 47 102-10 Significant changes to 1.6 Significant changes to the organisation 10 the organisation and its 1.11 Sustainability highlights 2020 18-19 supply chain 102-11 Precautionary principle 2.1 Excellence in safety, health and the environment 25 or approach 102-12 External initiatives 2.0 Improving the sustainability of our business and operations 23 2.1.2 Responsible care and product stewardship 29 2.1.3 Compliance with REACH 29 2.1.4 Water management and use 32 2.2.7 Use of recycled and bio-based feedstocks instead of fossil-based feedstocks 44 102-13 Membership of 2.0 Improving the sustainability of our 23 associations business and operations
INEOS | 2020 SUSTAINABILITY REPORT 67 Strategy GRI disclosure # Disclosure title Chapter Page Comments 102-14 Statement from senior 1.1 Tackling global challenges 4 decision-maker 1.2 Views from our CEOs 5 102-15 Key impacts, risks, and 1.9 Determining what is material 14 opportunities 1.10 Contributing to the UN SDGs 15-17 1.11 Sustainability highlights 2020 18
Ethics & integrity GRI disclosure # Disclosure title Chapter Page Comments 102-16 Values, principles, 1.7 Our approach, goals and key values 11 More information can be found in our standards, and norms of Code of Conduct behaviour 102-17 Mechanisms for advice 2.4 Valuing our people 55 More information can be found in our and concerns about 2.6 Governance: Sustaining the highest standards Code of Conduct ethics of ethics and compliance 64-65
Governance GRI disclosure # Disclosure title Chapter Page Comments 102-18 Governance structure 1.5 Our structure 8-9
Stakeholder engagement GRI disclosure # Disclosure title Chapter Page Comments 102-40 List of stakeholder 1.9 Determining what is material 14 See disclosure 102-43 for more information groups 102-41 Collective bargaining — — Information unavailable; we will report agreements on this in our next report. For information on our INEOS Styrolution employees: INEOS Styrolution 2019 Sustainability Report , p.58 102-42 Identifying and selecting 1.9 Determining what is material 14 stakeholders 1.10 Contributing to the UN SDGs 15-17
INEOS | 2020 SUSTAINABILITY REPORT 68 Stakeholder engagement | continued GRI disclosure # Disclosure title Chapter Page Comments 102-43 Approach to stakeholder 1.9 Determining what Customers engagement is material 14 Methods: Direct engagement, sustainability handbook, website, customer events 1.10 Contributing to the Topics: Strategy, performance, development, targets UN SDGs 15-17 Suppliers Methods: Direct engagement, supplier assessments, surveys, direct audits calls and emails Topics: product quality and development, SCoC, targets Employees Methods: Works councils, town halls, team meetings, training modules, performance management, intranet, newsletters, 24/7 hotline, sustainability handbook, Code of Conduct Topics: CSR, performance, working conditions, labour practices, employee health and safety, targets Industry associations Methods: Memberships, meetings, conferences, workshops Topics: Sustainable partnerships, industry-wide non-commercial issues, legislation, CSR, ESG, SHE, best practices Universities, scientific institutions and technology partners Methods: Presentations, conferences, workshops, partnerships, press releases Topics: CSR, SHE Shareholders and investors Methods: Quarterly investor meetings disclosures, weekly written updates, annual investor days Topics: strategy, economic performance, development, ESG, CSR, targets Communities Methods: Website, sustainability reports, press releases Topics: Sponsorships, funds, Regulators Methods: direct engagement, meetings, audits Topics: circular economy, CSR, SHE, investments, legislation, partnerships, targets, chemical industry input NGOs Methods: Direct engagement, partnerships, press releases Topics: CSR, SHE, targets
INEOS | 2020 SUSTAINABILITY REPORT 69 Stakeholder engagement | continued GRI disclosure # Disclosure title Chapter Page Comments 102-44 Key topics and 1.9 Determining what is material 14 See disclosure 102-43 for more information concerns raised 1.10 Contributing to the UN SDGs 15-17 All chapters All
Reporting Practice GRI disclosure # Disclosure title Chapter Page Comments 102-45 Entities included in the About this report 2 consolidated financial statements 102-46 Defining report content About this report 2 and topic boundaries 1.9 Determining what is material 14 102-47 List of material topics 1.9 Determining what is material 14 102-48 Restatements of — — Information unavailable: first year of reporting information 102-49 Changes in reporting — — Information unavailable: first year of reporting 102-50 Reporting period About this report 2 102-51 Date of most recent About this report 2 report 102-52 Reporting cycle About this report 2 102-53 Contact point for About this report 2 questions regarding the report 102-54 Claims of reporting in About this report 2 accordance with the GRI standards 102-55 GRI content index 3.0 GRI index 66-73 102-56 External assurance — — Information unavailable: first year of reporting
INEOS | 2020 SUSTAINABILITY REPORT 70 3.2 Management approach
GRI disclosure # Disclosure title Chapter Page Comments 103-1 Explanation of the 1.9 Determining what is material 14 material topic and its Described in each chapter of the report All boundary 103-2 The management — All Information unavailable: first year of reporting approach and its components 103-3 Evaluation of the — All Information unavailable: first year of reporting management approach
3.3 Economic disclosures
Anti-corruption GRI disclosure # Disclosure title Chapter Page Comments 205-1 Operations assessed for 2.6 Governance: sustaining the highest standards of 63-64 More information can be found in our risks related to corruption ethics and compliance Code of Conduct 205-2 Communication and 2.6 Governance: sustaining the highest standards of 63-64 More information can be found in our training about anti- ethics and compliance Code of Conduct corruption policies and procedures
Anti-competitive behaviour GRI disclosure # Disclosure title Chapter Page Comments 206-1 Legal actions for anti- 2.6 Governance: sustaining the highest standards of 64 competitive behaviour, ethics and compliance anti-trust, and monopoly practices
INEOS | 2020 SUSTAINABILITY REPORT 71 3.4 Environmental disclosures
Energy GRI disclosure # Disclosure title Chapter Page Comments 302-1 Energy consumption 2.2.3 Continuous energy optimisation 39 within the organisation 302-3 Energy intensity 2.2.3 Continuous energy optimisation 39
Emissions GRI disclosure # Disclosure title Chapter Page Comments 305-1 Direct (S1) GHG emissions 2.2.1 GHG emissions 36 305-2 Indirect (S2) GHG 2.2.1 GHG emissions 36 emissions
INEOS | 2020 SUSTAINABILITY REPORT 72 3.5 Social disclosures
Training and education GRI disclosure # Disclosure title Chapter Page Comments 404-1 Average hours of training 2.1 Excellence in safety, health and the environment 25 per year per employee 2.4 Valuing our people 56 2.6 Governance: sustaining the highest standards of 64 ethics and compliance 404-3 Percentage of employees 2.4 Valuing our people 54 receiving regular performance and career development reviews
Child labour GRI disclosure # Disclosure title Chapter Page Comments 408-1 Operations and suppliers 2.6 Governance: sustaining the highest standards of 65 We do not engage in child labour or forced at significant risk for ethics and compliance labour: incidents of child labour • INEOS Code of Conduct • Anti-slavery Act
Forced or compulsory labour GRI disclosure # Disclosure title Chapter Page Comments 409-1 Operations and suppliers 2.6 Governance: sustaining the highest standards of 65 We do not engage in child labour or forced at significant risk for ethics and compliance labour: incidents of forced or • INEOS Code of Conduct compulsory labour • Anti-slavery Act
Human rights assessment GRI disclosure # Disclosure title Chapter Page Comments 412-1 Operations that have 2.6 Governance: sustaining the highest standards of 64 We do not engage in child labour or forced been subject to human ethics and compliance labour: rights reviews or impact • INEOS Code of Conduct assessments • Anti-slavery Act
INEOS | 2020 SUSTAINABILITY REPORT 73 Disclaimer
Information or advice provided as part of this document should not be relied on in connection with the making of any decision. INEOS and the INEOS companies try to ensure that all such information is correct at the time of production but do not guarantee the accuracy of such information. INEOS and the INEOS companies are not liable for any action you may take as a result of relying on such information or advice nor for any loss or damage suffered by you as a result of you taking this action. This document may contain material which is protected by copyright, trademarks and/or other intellectual property rights owned by INEOS or the INEOS companies. 38 Hans Crescent, Knightsbridge London SW1X 0LZ, UK Forward-looking statements
This report may include “forward-looking statements”, within the meaning of the U.S. securities laws, based on INEOS’ current expectations and projections about future events. All statements other than statements of historical facts included in this presentation maybe deemed to be forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties and INEOS can give no assurance that such statements will prove to be correct. INEOS does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.