Incitec Pivot Limited’s sustainability performance recognised in global rankings
Incitec Pivot maintains position in Dow Jones Sustainability Index for 10th consecutive year.
For the 10th consecutive year, Incitec Pivot Limited (IPL) has been selected for inclusion in S&P Dow Jones Indices global rankings which recognise outstanding corporate sustainability performance.
The annual Dow Jones Sustainability Indices (DJSI) rankings assess the sustainability of the world’s largest companies in each industry, with IPL included in the Asia Pacific and Australia indices.
A record number of companies participated in the Corporate Sustainability Assessment and there were more stringent rules for inclusion this year, according to the S&P DJI.
IPL Managing Director & CEO Jeanne Johns said, “We’re delighted to be included in this year’s DJSI, especially given the record number of companies participating".
“Our inclusion alongside the world’s best performing companies is testament to the focus we are placing on operating sustainably and caring for our people, our communities and the environment across our global operations,” Ms Johns said.
In November, IPL announced its commitment to a medium term 5% absolute reduction in its global emissions by 2026 and to the continued investigation of new and emerging technologies for greater reductions in the medium to long term.
“This actionable and accountable goal is approximately 200,000 tCO2e, the same as taking more than 43,000 passenger vehicles off the road. It is included in key executives’ remuneration incentives to ensure we progress the projects required to achieve this target,” Ms Johns said.
“Our emissions target follows the adoption of our Climate Change Policy last year which reaffirms our support for the international Paris Climate Agreement and sets out how the management of climate related issues is integrated into the company’s overall strategy.
“In support of our longer-term ambition to decarbonise our industry, we undertook a $2.7 million feasibility study with ARENA to explore ammonia production from large scale green hydrogen. We’re proud to have contributed valuable knowledge to the development of renewable hydrogen in Australia.
“We continue to work with our customers and suppliers to look at how we can more effectively collaborate to manage the challenges of climate change, including reducing our customer’s emissions through the use of our premium technologies,” Ms Johns said.
The ranking is based on annual SAM ESG (Environmental, Social and Governance) scores that identify companies well-placed to recognise and respond to emerging opportunities and challenges in the global market.