Orion Engineered Carbons Publishes Its 2019 Sustainability Report
02 December 2020 - 8:30AM
Business Wire
Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier
of specialty and high-performance carbon black, today announced
that it published its annual sustainability report, highlighting
the company’s results against its targets and the core elements of
its strategy to drive sustainability across the full spectrum of
the carbon black value chain.
“As a responsible member of the global community, we embrace
sustainability as an integral part of our long-term strategy,” said
Corning Painter, Orion’s Chief Executive Officer. “We have started
to create a sustainability culture across our entire value chain
and we will focus on improving our business practices each year in
order to be a positive force in driving long-term change. This
includes the most widely-recognized corporate sustainability
measures, as well as exploring alternative, green feedstocks,
searching for low CO2 emitting carbon black production
technologies, and developing sustainable products that deliver
long-term benefits to all stakeholders.”
This year’s report highlights the company’s accomplishments
since 2019 in several key areas, including the following:
Governance: The company increased the independence and
enhanced the diversity of its Board of Directors. The Nominating,
Sustainability and Governance Committee of the Board established
its oversight role of the company’s sustainability directives.
Emissions reduction: Orion has defined clear emissions
reduction targets for greenhouse gases, sulfur dioxide, nitrogen
oxide, particulate matters and its overall energy recovery rate.
The company also commissioned enhanced air emission controls at
several facilities.
Collaboration to develop sustainable product portfolios:
Orion recently became part of the EU-funded BlackCycle Project
aimed at testing the viability of using recovered oil in the
production of carbon black for tires.
Employees and culture: Orion conducted its first employee
engagement study and invested in significantly enhanced employee
training programs.
Communities: Orion participated in community support
programs throughout its worldwide footprint, including donating
much-needed equipment and supplies to support the fight against the
global pandemic.
Assessment: Orion’s efforts to improve its sustainability
performance resulted in receiving gold medal status in 2019 from
EcoVadis, an independent assessment organization providing
evidence-based sustainability assessments for companies across 21
indicators and four themes: environment, labor and human rights,
ethics and sustainable procurement.
The company’s report is available at
https://orioncarbons.com/sustainability
About Orion Engineered Carbons
Orion is a worldwide supplier of carbon black. We produce a
broad range of carbon blacks that include high-performance
specialty gas blacks, acetylene blacks, furnace blacks, lamp
blacks, thermal blacks and other carbon blacks that tint, colorize
and enhance the performance of polymers, plastics, paints and
coatings, inks and toners, textile fibers, adhesives and sealants,
tires, and mechanical rubber goods such as automotive belts and
hoses. Orion operates 14 global production sites and has
approximately 1,425 employees worldwide. For more information,
please visit our website www.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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201201006162/en/
Orion Engineered Carbons S.A. Investor Relations Wendy Wilson,
+1 281-974-0155 Investor-Relations@orioncarbons.com
Orion (NYSE:OEC)
Historical Stock Chart
From Apr 2024 to May 2024
Orion (NYSE:OEC)
Historical Stock Chart
From May 2023 to May 2024