Incitec Pivot has been renamed Dyno Nobel (ASX:DNL) following shareholder approval at the 2024 annual general meeting in December 2024.
The company’s ASX ticker code will change from IPL to DNL at the start of trading on 2 April.
The name-change comes just weeks after the sustainability of Incitec Pivot was recognised with inclusion in the S&P Global Sustainability Yearbook for 2025.
Incitec Pivot, now Dyno Nobel, was selected for the Yearbook after achieving an S&P Global 2024 Corporate Sustainability Assessment, or CSA Score, within 30% of the industry’s top performing company and maintaining its ranking within the top 15% of the chemicals sector.
Formerly known as the Dow Jones Sustainability Index, the company has been admitted to the S&P Global index every year since 2010 and has been featured in the Yearbook since 2022.
The company’s sustainability strategy, including its management of climate change related issues, will continue to be a key focus in 2025, says CEO Mauro Neves.
“In the past 12 months two new tertiary N2O abatement projects have been commissioned at our manufacturing sites. The first was at our Moranbah facility in Australia followed by a similar abatement system at our Louisiana, Missouri (LOMO) plant in the USA,” the CEO says.
“Significantly, the $8 million LOMO project is on track to remove more than our initial estimates of 520,000 tonnes of carbon dioxide equivalent emissions annually – equivalent to taking 125,000 vehicles off the road or planting more than 9 million trees.”
During 2024, Dyno Nobel conducted a full double materiality assessment for both Dyno Nobel and IPF to identify the risks and opportunities most material to stakeholders and the environment, as well as those material to the financial sustainability of each of our businesses. The outcomes of this will guide its sustainability strategy for the next three years.
S&P Global’s Sustainability Yearbook for 2025 is based on the 2024 Corporate Sustainability Assessment, which spanned 62 industries and assessed 7,690 companies.
Write to Adam Orlando at Mining.com.au
Images: Dyno Nobel
