Orbia Releases Annual Influence Report, Highlighting Sturdy Progress on Sustainability-Pushed Agenda

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Revealed Mar 25, 2024 • 4 minute learn

BOSTON — Immediately Orbia Advance Company, S.A.B. de C.V. (BMV: ORBIA*) launched its 15^th annual Influence Report, which encompasses the corporate’s general enterprise efficiency in addition to key accomplishments in advancing life around the globe.

“Amidst difficult circumstances and a altering international panorama, Orbia stays dedicated to its function to advance life around the globe. What’s good for the world is solely good enterprise, and we have been particularly proud that the exterior pressures of 2023 didn’t stall our supply of choices that contribute to fixing the world’s hardest challenges, spanning meals and water safety, info entry and connectivity and decarbonization and the power transition,” stated Sameer Bharadwaj, CEO of Orbia. “Our resilience as a enterprise really comes all the way down to resilient individuals dedicated to creating a distinction.”

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Added Bharadwaj, “In 2023 we maintained a stable market place and delivered inside our adjusted steerage by upholding operational and business excellence, exercising monetary self-discipline and investing in strategic initiatives to speed up a net-zero future. We made giant strides in our efforts to allow the North American power transition by two flagship initiatives to fabricate PVDF and LiPF6, that are key elements of EV batteries. As well as, we noticed our first Orbia Ventures portfolio firm attain unicorn standing, Ascend Components, and stay up for persevering with our partnership with them to commercialize Hydro-to-Anode® graphite recycling know-how that generates 99.9% pure graphite from used lithium-ion batteries.”

“At Orbia, we aspire to create a greater future for all,” stated Tania Rabasa Kovacs, Vice President of Sustainability and Company Affairs at Orbia. “Our development technique and governance strategy alike are anchored in sustainability and aligned to addressing the UN Sustainable Growth Targets. Trying to the long run, we’ll proceed advancing on the three pillars of our sustainability technique: creating sustainable options, committing to low-impact, resilient operations and accelerating new applied sciences by impactful ventures. To realize net-zero by 2050 we should proceed to evolve our enterprise to create essentially the most worth to clients of their decarbonization journeys and stay clear and accountable in our reporting.”

Over the previous few years Orbia has taken significant steps to advance its technique, together with receiving approval of close to time period scope 1, 2 and three emissions discount targets by the Science Based mostly Targets initiative (SBTi), making environmental, social and governance metrics a key element of short-term incentive compensation plans, updating its local weather danger and alternative evaluation in addition to its materiality evaluation to incorporate a double-materiality strategy and introducing a provider code of conduct.

The report additionally outlines Orbia’s efforts to keep up a world-class firm tradition. Throughout 2023, Orbia launched its first employer model and employer worth proposition (EVP) which engaged over 20,000 staff in celebrating bringing their widespread function to advance life around the globe to life, each day and in all places. As well as, Orbia elevated its share of girls in administration to 23% and maintains a board of administrators that’s 72% impartial and 27% feminine and was acknowledged by Forbes as a Prime International Firm for Ladies.

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Highlights of Orbia’s progress within the 2023 Influence Report embody:

Elevated the proportion of Orbia revenues that contribute to the United Nations (UN) Sustainable Growth Targets to 65% from 61% in 2022;
Decreased scope 1 & 2 emissions by 28% and scope 3 emissions by 20% in comparison with the 2019 baseline in addition to decreased sulfur oxide emissions by 84% in comparison with the 2018 baseline, surpassing the Sustainability-Linked Bond dedication;
Decreased course of waste despatched to landfill since 2022 by 45% and elevated the proportion of Orbia manufacturing crops sending zero waste to landfill to 71%;
Reached greater than 25,000 individuals in Latin America by Water, Sanitation and Hygiene (WASH) packages and contributed greater than 20,000 volunteer hours by the Volunteering with Function program;
Deliberate two new initiatives in partnership with Solvay and Kanto Denka Kogyo within the U.S. to fabricate PVDF and LiPF6: key elements for the lithium-ion batteries that energy electrical automobiles (EVs);
Furthered circularity and decarbonization initiatives in each enterprise, with new packages in PVC recycling, carbon credit for large-scale crops and eco-friendly product portfolios;
Invested $7.1 million from Orbia Ventures in seven environmental impact-focused startups in addition to carried out 10,000 hours of innovation-related coaching for workers.

Orbia’s sturdy progress towards its affect targets continues to obtain accolades. In 2023, Orbia obtained an inventory on the Dow Jones Sustainability Indices (DJSI) for the fifth 12 months in a row, the title of “ESG Trendsetter” by NASDAQ, upgraded ranking to BBB from MSCI and a low-risk profile in Sustainalytics and Gold Medal from Ecovadis, for the second-consecutive 12 months, amongst different honors.

To learn the complete 2023 Influence Report, go to the reporting hub right here: https://sustainability.orbia.com/.

About Orbia

Orbia Advance Company, S.A.B. de C.V. (BMV: ORBIA*) is an organization pushed by a shared function: to advance life around the globe. Orbia operates within the Polymer Options (Vestolit and Alphagary), Constructing & Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Options (Dura-Line) and Fluor & Vitality Supplies (Koura) sectors. The 5 Orbia enterprise teams have a collective give attention to increasing entry to well being and well-being, reinventing the way forward for cities and houses, guaranteeing meals, water and sanitation safety, connecting communities to info and enabling the power transition with primary and superior supplies, specialty merchandise and modern options. Orbia has a worldwide group of over 24,000 staff, business actions in additional than 100 nations and operations in over 50, with international headquarters in Boston, Mexico Metropolis, Amsterdam and Tel Aviv. The corporate generated $8.2 billion in income in 2023.
To be taught extra, go to: orbia.com