Wilmington, Del., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: NYSE:ASH), the global additives and specialty ingredients company today announced a strategic partnership with the Arbor Day Foundation, recognizing the 100-year anniversary of the company and celebrating the innovative work of its global solvers.
Through the collaboration, the Foundation is planting a total of 15,200 native trees. The effort reinforces the company's commitment to sustainable sourcing and helps restore and regenerate forest ecosystems in Brazil, Mexico, Kentucky, West Virginia, Alabama, Mississippi, Georgia and Florida. Since its founding in 1972, the Arbor Day Foundation has planted over 500 million trees in forests and communities around the world that need them most.
"Our collaboration with the Arbor Day Foundation embodies Ashland's dedication to making a positive impact on the environment and the communities we serve. Through these efforts, we're celebrating the innovations of our solvers and our century-long legacy and laying the groundwork for the next 100 years of innovation and sustainability," said Guillermo Novo, chair and chief executive officer, Ashland.
To support the fight against climate change, Ashland voluntarily committed to near term targets with the Science based Targets initiative (SBTi) and in October 2023, received formal approval for their science-based targets. This commitment bolsters Ashland's purpose to responsibly solve for a better world by addressing scope one, two and three emissions aligned with business ambition for 1.5C.
Innovative Solutions for a Global Impact
Ashland's strategy integrates innovative problem-solving across sustainable sourcing through operations to philanthropy. The use of natural raw materials like cellulose highlights its dedication to sustainable innovation across personal care products among others. The tree-planting partnership complements efforts against climate change ensuring healthier ecosystems.
Project Locations and Impact
- Brazil: Amazon Rainforest Reforestation
- Location: Rondônia and Mato Grosso
- Trees to Plant: 2,500
- Impact: Restore Amazon's canopy supporting diverse life forms improving soil quality while aiding indigenous resources.
- Mexico: Wildlife Corridor for Jaguar
- Location: Laguna de Terminos & Pantanos de Centla Nature Reserves
- Trees to Plant: 2,000
- Impact: Establish forestry practices creating corridors supporting species like jaguars ensuring vital habitat access.