Orion has announced that it will align its sustainability objectives with the Paris Climate Agreement.
The specialty chemicals manufacturer Orion Engineered Carbons has recently announced that it is aiming to align its sustainability objectives with the Paris Climate Agreement and strives to achieve net-zero greenhouse gases emissions by 2050.
Orion is focused on providing customers with the best highly engineered materials essential for tires, coatings, batteries and several other products, while also addressing global climate change. So, the company has developed a roadmap with near- and long-term targets:
- Launch a broad range of products using recycled materials and enlarge the footprint in the conductive additives space by 2025.
- Generate 30% of adjusted EBITDA through sustainable solutions by 2030.
- Grow the sustainable solutions’ share of adjusted EBITDA to 50% by 2035.
- Set new aspirational mid-term goals for greenhouse-gas emissions reduction that are aligned with science-based methodologies.
“We know our goal is ambitious, and we want to make sure it’s meaningful. Like most companies, we can’t say we have all the answers now. But we’re determined to work hard to find sustainable solutions with collaboration, innovation and the right regulatory environment,” stated Corning Painter, the CEO of Orion. “Our ambition to align with the Paris Climate Agreement is a natural progression in our sustainability journey. Investing in sustainability is core to our growth strategy and key to our success as a business.”