Orion Engineered Carbons was upgraded to a “B” score by the nonprofit organization CDP. The organization’s decision was in recognition of Orion addressing the environmental impact of its businesses, and ensuring good environmental management.
CDP, formerly known as the Carbon Disclosure Project, operates a global system that enables a company to report its environmental impact. CDP assesses the information with its own methodology, and provides a score. More than 18,700 companies worldwide reported data through CDP in 2022.
“Our ‘B’ score is the latest example of the tremendous progress we have made in recent years with sustainability,” Orion CEO Corning Painter said. “Accountability is one of Orion’s core values, so we are committed to reporting openly and transparently about our climate program – especially the CO2 emissions reduction measures we have implemented, and the success we’ve had protecting the environment and our communities.”
Since 2017, Orion has disclosed its climate-related performance through CDP. Until now, the company has received a “C” score, indicating an awareness level of engagement. CDP says companies with a “B” score have reached the management level. Accordingly, a company with this score has addressed the environmental impacts of its business, and ensured good environmental management. CDP says its “A” list is for companies that have advanced beyond awareness and management to become leaders on environmental transparency and action.
Earlier this year, Orion was upgraded from a “Silver” to a “Gold” designation by EcoVadis, an independent organization that assesses companies’ sustainability performance in the areas of environment, labor and human rights, ethics, sustainable procurement, and overall sustainability governance. The score placed Orion in the top 3% of companies assessed by EcoVadis.
For more information, visit: orioncarbons.com.
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