Orbia Advances its Commitment to Sustainability: Highlights from the 15th Annual Impact Report
Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) has unveiled its 15th annual Impact Report, showcasing the company’s robust business performance and significant strides in global advancement. Despite facing challenging conditions and evolving global dynamics, Orbia remains steadfast in its mission to enhance life worldwide.
CEO of Orbia, Sameer Bharadwaj, emphasized the company’s unwavering dedication to addressing global challenges, stating, “What’s good for the world is simply good business.” He expressed pride in Orbia’s resilience amidst external pressures in 2023, ensuring the delivery of solutions contributing to critical global issues spanning food and water security, information access, connectivity, and decarbonization.
Bharadwaj highlighted Orbia’s achievements in maintaining a solid market position and meeting adjusted guidance in 2023. He emphasized the company’s focus on operational and commercial excellence, financial discipline, and strategic investments to expedite the transition to a net-zero future. Notable milestones include significant progress in enabling the North American energy transition through flagship projects manufacturing key components for electric vehicle batteries.
Tania Rabasa Kovacs, Vice President of Sustainability and Corporate Affairs at Orbia, reiterated the company’s commitment to a sustainable future aligned with the UN Sustainable Development Goals. She outlined Orbia’s sustainability strategy focused on developing sustainable solutions, promoting low-impact operations, and accelerating new technologies through impactful ventures to achieve net-zero emissions by 2050.
Orbia’s dedication to sustainability is evident in its strategic initiatives, including approved emissions reduction targets by the Science Based Targets initiative (SBTi), integration of environmental, social, and governance metrics into incentive compensation plans, and implementation of a supplier code of conduct.
The report also highlights Orbia’s efforts to foster a world-class company culture, including the launch of its first employer brand and increased representation of women in management and on the board of directors.
Key achievements outlined in the 2023 Impact Report include:
- Increased percentage of Orbia revenues contributing to UN Sustainable Development Goals
- Significant reductions in emissions and waste sent to landfill
- Impactful contributions to Water, Sanitation, and Hygiene (WASH) programs in Latin America
- Strategic partnerships to manufacture components for electric vehicle batteries
- Advancements in circularity and decarbonization initiatives across all business sectors
- Investments in environmental impact-focused startups and employee innovation training
Orbia’s progress towards its impact goals has been recognized through accolades such as listing on the Dow Jones Sustainability Indices (DJSI), the title of “ESG Trendsetter” by NASDAQ, and high ratings from MSCI, Sustainalytics, and Ecovadis.
In summary, Orbia’s 15th annual Impact Report reflects its unwavering commitment to sustainability, innovation, and global advancement, positioning the company as a leader in addressing pressing global challenges.
