Orion Engineered Carbons CEO Signs UN Global Compact

Rhea-AI Summary

Orion Engineered Carbons (NYSE: OEC), a global carbon black supplier, has joined the U.N. Global Compact, enhancing its commitment to sustainability. The CEO, Corning Painter, emphasized the company's long-standing support for the pact's principles, focusing on human rights, labor, anti-corruption, and environmental practices. This initiative aims to foster a network of sustainable companies worldwide. Orion has over 125 years of experience in custom solutions across 14 global production sites, dedicated to responsible business practices and innovation.

Positive

• Orion has publicly committed to the U.N. Global Compact, aligning with sustainability efforts.
• The company's CEO emphasized ongoing support for sustainability principles.

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• None.

HOUSTON--(BUSINESS WIRE)-- Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, today announced its CEO has signed the U.N. Global Compact, the world’s largest corporate sustainability initiative.

The compact calls on companies to align strategies and operations with universal principles on human rights, labor, anti-corruption and the environment. The pact’s mission is “to mobilize a global movement of sustainable companies and stakeholders to create the world we want.”

Orion CEO Corning Painter said, “We have long supported the compact’s principles, and they have been part of our strategy, culture and daily operations. I welcome this opportunity to formally and publicly align ourselves with our peers and further commit ourselves to advancing societal goals.”

For more information about the compact: https://www.unglobalcompact.org/

About the UNGC

The U.N. Global Compact is a non-binding pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies and to report on their implementation. The compact is a principle-based framework for businesses, stating 10 principles in the areas of human rights, labor, the environment and anti-corruption. Under the compact, companies are brought together with U.N. agencies, labor groups and civil society.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. For more information, please visit orioncarbons.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211111005950/en/

William Foreman

Director of Corporate Communications and

Government Affairs

Orion Engineered Carbons

Direct: +1 832-445-3305

Mobile: +1 281-889-78334

william.foreman@orioncarbons.com

Source: Orion Engineered Carbons S.A.

FAQ

What is Orion Engineered Carbons' recent initiative related to the U.N. Global Compact?

Orion Engineered Carbons has signed the U.N. Global Compact, committing to sustainability principles.

How does the U.N. Global Compact relate to Orion Engineered Carbons?

The U.N. Global Compact is a pact promoting sustainable practices, which Orion has formally embraced.

What does Orion Engineered Carbons do?

Orion Engineered Carbons specializes in high-performance carbon black products, serving various industries.

Who is the CEO of Orion Engineered Carbons?

The CEO of Orion Engineered Carbons is Corning Painter.

How long has Orion Engineered Carbons been in business?

Orion Engineered Carbons has over 125 years of experience in the industry.