Belgium's Ontex gets CDP 'A' rating for transparency on climate action

Based on data reported through CDP’s 2022 Climate Change questionnaire, Ontex is among a small number of companies that achieved the highest ‘A’ rating out of more than 15,000 companies that were evaluated. Ontex received its top climate action rating due to the transparency on its lean internal climate action governance, reducing carbon emissions from its operations by 40 per cent between 2021 and 2020 and sourcing more than 90 per cent of the electricity used in its plants worldwide—100 per cent in its European plants—from renewable sources, the company said in a media statement.

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 per cent 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.

“This top rating from CDP is a great endorsement for us and our customers, who are decarbonising 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 towards net zero emissions,” said Gustavo Calvo Paz, CEO of Ontex.

CDP’s annual disclosure process is widely recognised as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over $130 trillion in assets and 280 major purchasers with $6.4 trillion in procurement spent, requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform.

Fibre2Fashion News Desk (GK)