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.
Download a PDF version of the report from the Sustainability page of Orion’s website.