Energy Efficiency, GHG Emissions, Industrial - March 25, 2024
Orbia Advance Lowers Emissions by 28%
Orbia Advance Corporation, S.A.B. de C.V. lowered Scope 1 & 2 emissions by 28% and Scope 3 emissions by 20% compared to the 2019 baseline.
The company also reduced its sulfur oxide emissions by 84% compared to the 2018 baseline, surpassing the Sustainability-Linked Bond commitment. It also decreased process waste sent to landfill by 45% since 2022 and increased the percentage of Orbia manufacturing plants sending zero waste to landfill to 71%.
Details were released in its 15th annual Impact Report.
Orbia has five business groups that expand access to health and wellness, ensure food and water security and accelerate a circular economy with basic and advanced materials, specialty products and innovative solutions.
“Amidst challenging conditions and a changing global landscape, Orbia remains committed to its purpose to advance life around the world. What’s good for the world is simply good business, and we were especially proud that the external pressures of 2023 did not stall our delivery of offerings that contribute to solving the world’s toughest challenges, spanning food and water security, information access and connectivity and decarbonization and the energy transition,” said Sameer Bharadwaj, CEO of Orbia, in a statement. “We made large strides in our efforts to enable the North American energy transition through two flagship projects to manufacture PVDF and LiPF6, which are key components of EV batteries.”
Orbia also increased the percentage of its revenues that contribute to the United Nations (UN) Sustainable Development Goals to 65% from 61% in 2022.
Over the past few years, Orbia has received approval of near term Scope 1, 2 and 3 emissions reduction targets by the Science Based Targets initiative (SBTi), making environmental, social and governance metrics a key component of short-term incentive compensation plans, updating its climate risk and opportunity assessment, as well as its materiality assessment to include a double-materiality approach and introducing a supplier code of conduct.
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