ENGLEWOOD, Colo., Oct. 21, 2016 (GLOBE NEWSWIRE) -- Innospec (NASDAQ:IOSP) today announced that it has published its seventeenth annual Sustainability Report, which provides an overview of the company’s progress and activities in 2015. The report outlines the company’s sustainability strategy which covers eight focus areas: Health, Safety & Wellbeing, the Environment; Governance; Employees; Product Sustainability and Innovation; Economic Growth; Community Engagement; and Supply Chain Management.
Key highlights from 2015 include:
- Reduction in resource usage (per tonne of product produced) of Energy, Greenhouse Gases, Hazardous Waste and Water usage
- A total of 1,372 employees and contractors taking part in Innospec online compliance training programs
- Ongoing support of charities with almost $150,000 raised through participation in a number of fund raising and sponsorship events
- Strong financial performance with annual sales exceeding US$1 billion
- Independent assurance of report to the globally recognised AA1000 Assurance standard for the first time.
Patrick S. Williams, President and Chief Executive Officer, said, “Our annual Sustainable Development Report enables us to share the progress we are making year on year towards improving the sustainability of our business. This has been a year of success and continued change for Innospec. We were proud to have exceeded sales of US$1 billion for the first time while continuing with our vision of adding sustainable value to the company and our stakeholders.”
To read the full Innospec 2015 Sustainability Report, please visit www.innospecinc.com
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 1300 employees in 20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil & gas exploration and production industry. The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care market, focusing on skincare, haircare and suncare. Octane Additives produces octane improvers to enhance gasoline.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Such forward-looking statements include statements (covered by words like “expects,” “estimates,” “anticipates,” “may,” “believes,” “feels” or similar words or expressions), for example, which relate to earnings, growth potential, operating performance, events or developments that we expect or anticipate will or may occur in the future. Although forward-looking statements are believed by management to be reasonable when made, they are subject to certain risks, uncertainties and assumptions, including those associated with the United Kingdom’s exit from the European Union and our actual performance or results may differ materially from these forward-looking statements. Additional information regarding risks, uncertainties and assumptions relating to Innospec and affecting our business operations and prospects are described in Innospec’s Annual Report on Form 10-K for the year ended December 31, 2015 and other reports filed with the U.S. Securities and Exchange Commission. You are urged to review our discussion of risks and uncertainties that could cause actual results to differ from forward-looking statements under the heading "Risk Factors” in such reports. Innospec undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.