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