Orbia Publishes 2023 Impact Report

by Orbia | Mar 05, 2024

Orbia’s identity as a purpose-driven company is reflected in a growth strategy anchored in sustainability. This is Orbia’s 2023 Impact Report detailing the company’s annual business performance and its 15th annual sustainability disclosure, covering the company’s commitments to people, the planet and our role in driving a thriving, net-zero world.

In 2023, we remained committed to our purpose to advance life around the world and made strong progress on our sustainability-driven agenda. Despite market headwinds and a slowing economy, we maintained a solid market position and delivered within our adjusted guidance by upholding operational and commercial excellence, exercising financial discipline and investing in strategic initiatives to accelerate a net-zero future.

We continued to invest in our people and in driving innovation forward to solve the world’s toughest challenges, spanning food and water security, information access and connectivity and decarbonization and the energy transition. The results of 2023 and our strong progress in our ESG metrics underscore our commitment to sustainability and conviction that it will translate to long-term value for our stakeholders. We are striding forward in advancing life together and building the thriving world we all envision.

Highlights of Orbia’s progress in the 2023 Impact Report include:

  • Increased the percentage of Orbia revenues that contribute to the United Nations (UN) Sustainable Development Goals to 65% from 61% in 2022.
  • Decreased scope 1 & 2 emissions by 28% and scope 3 emissions by 20% compared to the 2019 baseline.
  • Decreased process waste sent to landfill since 2022 by 45% and increased the percentage of Orbia manufacturing plants sending zero waste to landfill to 71%.
  • Reached more than 25,000 people in Latin America through Water, Sanitation and Hygiene (WASH) programs and contributed more than 20,000 volunteer hours through the Volunteering with Purpose program.
  • Increased the percentage of women in management to 23% and women in leadership roles to 24%.
  • Launched two new projects in partnership with Solvay and Kanto Denka Kogyo in the U.S. to manufacture PVDF and LiPF6: key components for the lithium-ion batteries that power electric vehicles (EVs).
  • Furthered circularity and decarbonization initiatives in every business, with new programs in PVC recycling, carbon credits for large-scale crops and eco-friendly product portfolios.
  • Invested $7.1 million from Orbia Ventures in seven environmental impact-focused startups as well as conducted 10,000 hours of innovation-related training for employees.

View the full report via link below, or visit our Sustainability reporting hub.

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