INX issues 2023 Sustainability Report

INX International Ink Co. has released its 2023 Sustainability Report highlighting the company’s progress and focusing on its commitment to sustainability and circular economy.

Bryce Kristo, INX president and CEO, said the new report also examines the key initiatives and metrics which speak to INX’s product, process and social responsibility pillars as it relates to environmental, social and governance priorities, and is aligned with the United Nations’ Sustainable Development Goals.

‘As consumer demands and regulatory requirements evolve, INX International is committed to enhancing and growing our leadership position in the industry and helping meet the needs of brand owners, customers, and consumers by improving the sustainability of our products,’ said Kristo. ‘Our commitment to Coloring a Safe and Sustainable Future serves as a guide to how we develop, manufacture, and distribute products and how we work with our customers and suppliers.’

In addressing the company’s sustainability strategy, Kristo mentioned some specific advances INX made last year.

‘We addressed the ESG emissions priority by reducing our Scope 1 carbon emissions by 4.19 percent and Scope 2 by 4.69 percent. We were also acknowledged as one of the best workplace cultures in the United States with a Great Place to Work certification after scoring 14 points higher than the average US company,’ he said.

Kristo added the report includes highlights of a USD 50M Venture Capital investment program that has produced impressive results since being introduced in 2022.

‘The venture capital investment program supports our business strategy and sustainability initiatives. Last summer we invested in Detrapel, an advanced materials company that manufactures sustainable coatings. It also provides solutions to drive the next-generation of PFAS and plastic-free innovation,’ commented Kristo.

The full 2023 INX Sustainability Report is available on the company’s website.