Infineum announces publication of second sustainability report
Infineum announced the publication of its second annual sustainability report which provides updates on performance, including the progress and learnings experienced as Infineum accelerates its sustainability agenda.
Infineum, which is headquartered in the United Kingdom, is the 50-50 joint venture between two global energy companies, ExxonMobil and Shell, and is one of the leading lubricant additive and fuel additive suppliers in the world.
The report compares Infineum’s 2021 performance against the previous year and provides an overview of development towards the 2025 targets set in 2020, which cover safety, product development, supply chains, Infineum operations and colleague and community engagement.
“As the world changes quickly around us, we remain committed to our sustainability journey and have had some notable successes across the environmental and social responsibility spectrum,” said Trevor Russell, Infineum CEO.
The report outlines changes made during 2021 which have accelerated Infineum’s sustainability journey.
These include elevating the position of sustainability director to the Executive Committee and the creation of a Sustainability Governance Committee, to ensure sustainability is an integral part of leadership decisions and considered in product portfolio, supply chain and capital choices.
Another milestone is the launch of a new volunteering standard, which allows employees worldwide one additional day of annual leave to deliver a positive impact to communities, either through supporting a local charity or promoting and encouraging science, technology, engineering and mathematics skills.
“Last year was pivotal in our sustainability trajectory. We consolidated foundational work and tackled more challenging strategic questions. The 2021 report tracks development in making our purpose ‘creating a sustainable future through innovative chemistry,’ a reality,” said Maurizio Abbondanza, Infineum sustainability director.
To read Infineum’s 2021 Sustainability Report, click here.