Orion S.A. Maintains Gold Sustainability Rating by EcoVadis

Rhea-AI Summary

Orion S.A. (OEC) maintains Gold medal rating from EcoVadis, ranking in top 2% for sustainability. Score improves from 77% to 78% with focus on sustainable procurement and ethics. Achieved $300 million projects to reduce emissions and received €6.4 million funding for circular product development.

HOUSTON--(BUSINESS WIRE)-- Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced today it has maintained a Gold medal rating from EcoVadis and ranks among the top 2% of the companies assessed by the organization in a wide range of sustainability areas.

Orion improved its score from the previous year, moving up from 77% to 78% by making significant gains in the areas of sustainable procurement and ethics, according to EcoVadis, one of the world’s largest providers of business sustainability ratings.

“The annual progress Orion is making in the EcoVadis assessments is just another example of how committed we are to being a trusted partner for all our stakeholders and becoming an even more sustainable company,” Orion CEO Corning Painter said.

Over the past year, Orion has achieved several sustainability milestones. The most notable achievements include the completion of a series of four projects with a total cost of more than $300 million, that involved installing technology that is substantially reducing emissions at Orion’s U.S. plants.

The company also continues to be a leader in developing circular products and recently received €6.4 million in funding from the German government and European Union to further develop technology to improve the production of carbon black using circular feedstocks.

About Orion S.A.

Orion S.A. (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability and add UV protection. Orion has innovation centers on three continents and 15 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. 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/20240307415573/en/

Wendy Wilson

Head of Investor Relations

Orion S.A.

Direct: +1 281-974-0155

wendy.wilson@orioncarbons.com

William Foreman

Director of Corporate Communications and Government Affairs

Orion S.A.

Direct: +1 832-445-3305

Mobile: +1 281-889-7833

william.foreman@orioncarbons.com

Source: Orion Engineered Carbons S.A.

What is the ticker symbol for Orion S.A. mentioned in the press release?

The ticker symbol for Orion S.A. is OEC on NYSE.

What is Orion S.A.'s ranking among companies assessed by EcoVadis?

Orion S.A. ranks among the top 2% of companies assessed by EcoVadis.

What areas did Orion S.A. make significant gains in to improve its score?

Orion S.A. made significant gains in sustainable procurement and ethics to improve its score.

What notable achievements has Orion S.A. accomplished in the past year?

Orion S.A. completed $300 million projects to reduce emissions and received €6.4 million in funding for circular product development.

Who is the CEO of Orion S.A.?

Corning Painter is the CEO of Orion S.A.