Environmental Policies and Statements
Last Updated: June 7, 2023
Climate Change
We acknowledge the threat that climate change poses to people and businesses today and in the future. It is imperative that we seek effective ways to phase out greenhouse gas (GHG) emissions to avoid accelerating climate change and its impacts on society and the global economy, which include but are not limited to access to fresh water, and other natural resources as well as increasing severity of extreme weather events.
As a company, we are reliant on agricultural products and a globally interconnected supply chain. It is in the best interest of our business to take the necessary steps to help mitigate the negative effects of climate change.
We are committed to addressing our responsibility to our carbon footprint in three key ways:
1. Measuring and monitoring greenhouse gas emissions through annual carbon accounting audits.
2. Reporting and communicating our greenhouse gas emissions regularly and publicly.
3. Implementing actions to reduce our emissions.
Energy management
Energy is necessary for the development of our products and the facilities that power our operations. Effective and efficient energy management is crucial to reducing our environmental impact as well as production costs.
We are committed to the efficient use of energy throughout our operations with the intent to reduce the energy requirements per unit of product through operational efficiency, maintaining and upgrading equipment, and process optimization.
Waste Management
By improving operational efficiency, practicing recycling, and ensuring responsible disposal, companies can reduce waste both during the lifespan of their products and in their overall operations.
We are committed to continuously improving the efficiency of our resource use and minimizing waste in all business operations, from our buildings and facilities to the products we produce.
Life Cycle Management
Taking a comprehensive approach to examining a product's entire lifespan can offer a complete perspective of its environmental and ecological footprints.
At every phase of their life cycle, our products can have an environmental impact. We strive to understand and mitigate these impacts, and we also help customers make informed purchasing decisions.
We are committed to qualifying and quantifying the sustainable life cycles of our products to facilitate product improvements, process optimization, and proper management of life cycle stages.
Water Management
The preservation of water is crucial for promoting both environmental sustainability and economic well-being.
Water plays a pivotal role in our business, and difficulties related to its supply can greatly influence our operations. As a result, we are accountable for proactively monitoring and minimizing our water consumption and responsible treatment of wastewater.
Our water management commitment entails managing our overall use efficiently and maintaining water quality in our municipality and broader water systems. Specifically, we are committed to:
1. Working closely with the municipalities in which we operate to maintain compliance with discharge requirements.
2. Identify and implement water-saving infrastructure and initiatives.
NDPE (No Deforestation, No Peat)
Inolex indirectly sources from agricultural and farming industries that use land to grow products. We are committed to the principles of No Deforestation, No Peat, and No Exploitation (NDPE). Our direct and indirect suppliers throughout the supply chain are expected to avoid deforesting specifically by not developing on High Carbon Stock (HCS) Forests or High Conservation Value (HCV) areas. Our direct and indirect suppliers throughout the supply chain are expected to avoid new development on peatland and work towards peat restoration.
(see ‘Social’ section for statements on exploitation)