Orion S.A. Releases 2022 Sustainability Report
27 Juli 2023 - 10:35PM
Business Wire
Orion S.A. (NYSE: OEC), a global specialty chemicals company,
today released its 2022 Sustainability Report that highlights a
variety of initiatives, including launching four new sustainable
products, conducting a Scope 3 greenhouse gas emissions inventory
and nearing the completion of a massive air emissions control
project.
The report’s “CEO Letter to Stakeholders” describes the
magnitude, complexity and impact of the air emissions control
initiative that started five years ago and is the biggest
sustainability-linked project in Orion’s history. The company will
fulfill its commitments before several competitors despite that it
has more production sites in the U.S.
“All of us at Orion can look back at the past five years and
feel an extreme amount of pride,” Orion CEO Corning Painter said.
“We stayed committed during intensely trying times and honored our
agreement to make our facilities cleaner, leading to a big impact
for the environment and health in our communities.”
A decade ago, Orion was the first major producer to develop and
commercialize carbon black made from renewable feedstocks. The 2022
Sustainability Report covers how the company continues to be a
leading innovator, launching four sustainable products last year
for the rubber industry: ECORAX® Circular 210, 215, 220 and ECORAX®
Nature 200.
“Supplying the growing demand for sustainable products and
accelerating the transition to a circular economy are key
components of our strategy,” Painter said. “Orion as well as our
customers are serious about making their raw materials fully
sustainable. So we are heavily engaged in this area and work
closely with our customers to develop solutions.”
Another 2022 sustainability milestone at Orion involved
implementing a Scope 3 greenhouse gas emissions inventory, which
allows the company to develop a better understanding of the type of
initiatives that would help reduce these emissions.
Scope 3 emissions – those produced by Orion’s value chain
partners – currently account for less than 40% of the total of
Orion’s greenhouse gas emissions. Thus, in parallel to reducing
Scope 3 emissions together with value chain partners, the company
continues to focus on the sources of greenhouse gas emissions that
it can directly influence, such as Scope 1 and 2 emissions.
About Orion S.A.
Orion S.A. (NYSE: OEC) is a leading global supplier of carbon
black, a solid form of carbon produced as powder or pellets. The
material is made to customers’ exacting specifications for tires,
coatings, ink, batteries, plastics and numerous other specialty,
high-performance applications. Carbon black is used to tint,
colorize, provide reinforcement, conduct electricity, increase
durability and add UV protection. Orion has four innovation
centers, and produces carbon black at 15 plants worldwide, offering
the most diverse variety of production processes in the industry.
The company’s corporate lineage goes back more than 160 years to
Germany, where it operates the world’s longest-running carbon black
plant. Orion is a leading innovator, applying a deep understanding
of customers’ needs to deliver sustainable solutions. For more
information, please visit orioncarbons.com.
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements are statements of future
expectations that are based on current expectations and assumptions
and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially
from those expressed or implied in these statements. You should not
place undue reliance on forward-looking statements. Each
forward-looking statement speaks only as of the date of the
particular statement. New risk factors and uncertainties emerge
from time to time and it is not possible to predict all risk
factors and uncertainties, nor can we assess the extent to which
any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements. We undertake no obligation to publicly update or revise
any forward-looking statement as a result of new information,
future events or other information, other than as required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230727435271/en/
William Foreman Director of Corporate Communications and
Government Affairs Orion S.A. Direct: +1 832-445-3305 Mobile: +1
281-889-7833 william.foreman@orioncarbons.com
Wendy Wilson Head of Investor Relations Orion S.A. Direct: +1
281-974-0155 wendy.wilson@orioncarbons.com
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