Partnership with Ashland’s innovative suppliers fuels sustainable, profitable growth for local farmers and small villages in India

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The Responsible Solvers™ initiative increases farmers’ yield and income, reduces production costs, develops the local economy and has a positive impact on the environment

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WILMINGTON, Delaware, April 03, 2022 (GLOBE NEWSWIRE) — Ashland Global Holdings Inc. (NYSE: ASH) today announced the first in a series of sustainable business initiatives resulting in positive economic, environmental and social impacts following the company’s recent announcement Responsible Solvers program.

Fueled by the company’s purpose of “responsibly solving a better world” and its deep commitment to science, technology, engineering and math (STEM) social programs, Ashland has partnered with the SM Sehgal Foundation in 2021 to think differently about its relationships with suppliers. in India.

The collective goal was to increase the volume of guar harvested each year through educational programs and science-based solutions for sustainable agriculture, while respecting local supply relationships and cultures of small-scale village farmers in the Sriganganagar district of Rajasthan, India. Relationships are critical for the company that uses guar to formulate specialty ingredients for personal care, life science and coatings applications.

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The pilot program included 250 farms from 10 villages. Using modern technologies, farmers learned about sustainable agronomic practices and water conservation. The good results of the program include helping farmers reduce their production costs while increasing their crop yields by around 30%. In addition, the program has helped increase farmers’ incomes, thereby developing the local economy in small villages.

At the same time, Ashland’s commitment to gender equality has led to specific training focused on the local female population to empower them, improve their technical knowledge and skills, and help raise their standard of living. Based on the success of the pilot, Ashland is moving forward with plans to increase the number of farms to 5,000 by 2025.

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In addition to helping farmers produce guar, Ashland’s Responsible Solvers This mindset led the team to also provide training and other technical advice for mustard and wheat crops during the off-season of guar. This training also improved the yield of these crops, which had an overall impact on the farmers’ annual income. More than a year ago, Ashland incorporated environmental, social and governance (ESG) principles into the company’s strategic operating plans. The company has taken a serious and sincere approach to sustainability and the local communities in which it operates while continuing to focus more on ESG.

“Our commitment to profitable and sustainable growth includes a strong culture of innovation, a sustainability-aligned technology portfolio, environmental goals, social initiatives and strong ethics, compliance, transparency and governance and continues,” said Guillermo Novo, President and CEO, Ashland. “In this case, providing STEM skills and education both on and off the field to smallholder farmers has a very real and positive impact on their lives and on their small village communities. In addition to maximizing shareholder value, then As we innovate, Ashland will continue to act in a way that contributes to the well-being of society and the environment.

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Ashland plans to share more success stories and best practices from Responsible Solvers program. To watch the video and learn more, visit https://www.ashland.com/sustainability/guar and www.ashland.com/responsiblesolvers

About Ashland
Ashland Global Holdings Inc. (NYSE: ASH) is an additives and specialty ingredients company with a conscious and proactive mindset for sustainability. The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceuticals. About 3,800 passionate and tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. To visit ashland.com and ashland.com/sustainability to learn more.

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About SM Sehgal
We believe that every person deserves to lead a more secure, prosperous and dignified life. With this vision in mind, the mission of the SM Sehgal Foundation is to strengthen community-led development initiatives to achieve positive social, economic and environmental change in rural India. We have been working since 1999 to improve the quality of life in rural communities in India. As a rural development NGO, established as a public and charitable trust, the Sehgal Foundation has a skilled and dedicated team that creates sustainable programs to meet the most pressing needs of rural India. https://www.smsfoundation.org/

Trademark, Ashland or its subsidiaries, registered in various countries.

FOR MORE INFORMATION:

Media Relations:
Carolmarie C. Brown
+1 (302) 995-3158
[email protected]

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