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Ontex (Euronext: ONTEX) (BSE:ONTEX) has received a top ‘A’ rating for leadership in corporate transparency and performance on climate change from global environmental non-profit Carbon Disclosure Project (CDP). Ontex improves on the scores achieved in 2021 and earlier. Based on data reported through CDP’s 2022 Climate Change questionnaire, Ontex is one of a small number of companies that achieved the highest ‘A’ rating, out of more than 15,000 companies evaluated by CDP.
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.
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.
CDP asks companies to fill out questionnaires to assess their progress towards environmental stewardship. Responding companies are assessed across consecutive levels which represent the steps a company moves through as it progresses towards environmental stewardship. The levels are No disclosure (F), Disclosure (D), Awareness (C), Management (B) and Leadership (A).
Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex’s innovative products are distributed in more than 110 countries through leading retailer brands, lifestyle brands and Ontex brands. Employing some 9,000 people all over the world, Ontex has a presence in 21 countries, with its headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid®. To keep up with the latest news, visit ontex.com or follow Ontex on LinkedIn, Facebook, Instagram and YouTube.
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
