Submitted by: Orion Engineered Carbons
Posted: Jul 16, 2019 – 09:00 AM EST
HOUSTON , Jul. 16 /CSRwire/ - Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, today announced the inclusion of Sustainability to the charter of the Board of Directors’ Nominating, Sustainability, and Governance Committee. This is to establish the governance structure that embeds sustainability into the Company’s core management framework. Orion also announced the publication of its 2018 Sustainability Report, which outlines the Company’s commitment to environmental, social, and governance (the “ESG”) initiatives. These significant actions reflect our commitment to sustainability while maintaining our focus on underlying financial and operational performance. The report provides specific emissions reduction targets and embraces many of the values exemplified by the United Nations Sustainable Development Goals.
“There is an inherent alignment between our sustainability agenda and our strategic and operational goals. Our business is about extracting carbon from hydrocarbon based feedstock. The better we are at extracting carbon from these feedstocks the less carbon dioxide (CO2) is emitted. The more we reduce greenhouse gas emissions the more profitable we are. We also engineer our Carbon Blacks to enhance the performance and product life of our customers’ products, improving sustainability across the value chain. Our 2018 Sustainability Report is a manifesto of our ESG initiatives and their incorporation into Orion’s management framework,” said Corning Painter, Orion’s Chief Executive Officer, who also added that, “Sustainability is a core part of our values.”
A copy of Orion’s 2018 Sustainability Report can be found on the Company’s website at investor.orioncarbons.com
About Orion Engineered Carbons S.A.
Orion is a worldwide supplier of Carbon Black. Orion group produces a broad range of Carbon Blacks that include high-performance Specialty Gas Blacks, Acetylene Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion runs 14 global production sites. The group has approximately 1,450 employees worldwide. For more information please visit the Orion website www.orioncarbons.com.
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.
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