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Aalst, Belgium, March 6, 2024 – Ontex (Euronext: ONTEX) is proud to have been recognized by CDP for its climate actions in partnership with its suppliers, specifically aimed at reducing its scope 3 emissions. Ontex is among the highest-rated companies that are celebrated in the 2023 Supplier Engagement Rating Leaderboard, which evaluates corporate supply chain engagement on climate issues.
Marco Querzoli, Chief Supply Chain Officer said: “Following Ontex’s CDP A- rating for leadership in climate change in February, being added to the Supplier Engagement Leaderboard, is a second substantial recognition related to our sustainability achievements in 2023. To everyone at Ontex, this is simply a confirmation of the ongoing commitment to partnering with stakeholders across the value chain, and to delivering the very best value and quality for all our customers. It goes without saying that Ontex wants to continue to make this happen for generations to come.”
Ontex invests in supplier engagement by collaborating with vendors that provide raw materials and packaging through the framework of the Global Supplier and Vendor Handbook. This process stipulates guidelines for product safety, supplier quality and sustainability, with the ambition to secure consistency in supply quality and to promote sustainable practices.
Besides Ontex’s sustainability targets related to scope 1 and 2 emissions, Ontex engages with its suppliers and the full value chain to meet the scope 3 climate action targets set and validated by the Science Based Target initiative (SBTi). For example, Ontex aims to reduce absolute scope 3 greenhouse gas emissions from purchased goods and services, upstream transportation and distribution, and end-of-life treatment of sold products by 25% by 2030 from a 2020 base year.
Ontex is proud to share the progress on its 2030 targets related to climate action, for which it also counts on partners across the value chain. As such, Ontex will contribute to the overarching goal of limiting global warming to 1.5°C, in line with the Paris Agreement.
“It is a pleasure to welcome Ontex among the 450+ companies that have made it onto CDP’s 2023 Supplier Engagement Leaderboard. The Leaderboard highlights companies proactively working with their suppliers to ensure climate change action cascades down their supply chains through supplier engagement, governance, scope 3 emissions accounting and target-setting. As a Supplier Engagement Leader, Ontex is demonstrating supply chain leadership, a prerequisite for the transition towards a net-zero, nature-positive future”, said Simon Fischweicher, Director of Supply Chain and Reporter Services at CDP.
For more information on Ontex’ sustainability strategy and goals, go to https://ontex.com/sustainability or consult Ontex’s latest annual report.
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