Ashland Inc. has published its 2022 Environmental, Social and Governance (ESG) Report online. The report shows Ashland’s ESG programs are reshaping innovation and delivering greater transparency, while forging deeper ties with communities, partners, suppliers, and customers. 

The report frames the company’s progress across an assessment that maps the interconnectivity between ESG pillars and core business practices. Year-on-year progress and a dedicated focus to deliver improvements continue to demonstrate Ashland’s long-term commitment to environmentally responsible manufacturing.

“This year’s report demonstrates how Ashland is delivering on our ESG promises, showing improvement in many areas while shining a light on how a bottom-up approach to problem solving can drive continuous improvement in the face of a challenging business environment,” said Guillermo Novo, chair and CEO, Ashland. “The company’s investment in clearly defined focus areas, concise metrics, detailed disciplines, and a transparent governance process demonstrate that every Ashland job is an ESG job. That’s why we’re focused on ensuring our stakeholders understand how we conduct business, manage our relationships, and invent, manufacture, and distribute the full range of our innovative portfolio of products and services.”

Ashland is one of more than 6,500 businesses that have committed to the Science Based Targets initiative (SBTi) to reduce their emissions in line with climate science. Ashland has committed to set near-term targets across scopes one, two, and three in line with the Paris Climate Accord to limit global temperature rise to 1.5°C above preindustrial levels. The campaign is led by the SBTi and backed by a global coalition of UN leaders, business organizations, and non-governmental organizations (NGOs).

Ashland’s ESG strategy is demonstrated in the company’s innovation strategy. The series of technologies launched in 2022 are a prelude for more dynamic advances to come as market demand for ESG-driven products remains strong especially when coupled with outstanding performance.

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