AALST– Ontex has received the prestigious top ‘A’ rating for leadership in corporate transparency and performance on climate change from global environmental non-profit Carbon Disclosure Project (CDP).
Improving on the scores achieved in 2021, Ontex received its top climate action rating thanks to the transparency on its lean internal climate action governance, reducing carbon emissions from its operations by 40% between 2021 and 2020 and sourcing more than 90% of the electricity used in its plants worldwide – 100% in its European plants – from renewable sources.
Welcoming the accreditation, Gustavo Calvo Paz, CEO of Ontex said: “This top rating from CDP is a great endorsement for us and our customers, who are decarbonizing supply chains to ensure long-term business success. We nearly halved our Scope 1-2 carbon emissions in one year, primarily use renewable electricity in our facilities, and have set science-based targets. We look forward to continuing our journey toward net zero emissions.”
CDP’s annual disclosure process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform.
Ontex’s climate action efforts are part of the company’s 2030 sustainability strategy, which also includes actions to improve forestry management and other measures to build consumer trust by improving transparency and sustainability in the supply chain.
This year, Ontex reconfirms its positive CDP B score for sustainable forestry. Sustainable forestry is key to Ontex because forests provide the paper fluff and pulp for the company’s personal care products. Ontex sources 100% of its fluff from controlled or certified sources. The company invests in a monitoring system to identify the sources of its agricultural raw materials. Monitoring sources enables Ontex to support suppliers with sustainable practices.
