The Italian Group, leading international API supplier, presents the 2023 sustainability report and confirms the sustainability journey toward energy transition, investments in alternative energy sources, social and economic involvement and support for the communities in which it operates.
Milan, November 18, 2024 – Olon Group has officially released its annual Corporate Sustainability Report, which details the global Company commitment to people, planet, and communities in which it operates.
The report outlines the substantial progresses achieved in the focus areas - to reduce the footprint on the environment, to create a sustainable global supply chain, to include people diversity, to engage communities and stakeholder, to promote the most advanced and sustainable manufacturing processes. Olon joined the United Nations Global Compact initiative, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
The most significant trends, which certainly marked the year 2023, was the Group’s significant progress in terms of energy transition, with the switch to renewables, particularly solar power. The metrics published in this report clearly show the concrete steps taken in this direction: during 2023, the energy produced internally increased by more than 100% compared to 2022.
Investments in the installation of renewable energy plants have continued as planned. Olon finalized the installation of a photovoltaic system of 5MW in Rodano (Milan) Olon site. This is one of the major steps forward along the transition to sustainable energy sources.
With an estimated production capacity of 6.5GWh/year, the photovoltaic system will allow the generation of clean electricity with ZERO CO2 emissions. This achievement will significantly reduce the ecological footprint of our operations, allowing us to yearly save the emission of tons of CO2 - 3200Ton/y (Market based). This initiative marks our concrete commitment towards the decarbonization of production.
Continuing the established trend, in 2023 the group again reported a reduction in CO2 emissions, measured per ton of product.
“Despite the backdrop of the early achievement of the 2018 / 2025 targets, we set new long-term environmental targets 2020 - 2030; these represent a highly challenging and ambitious goals to minimize our environmental impact according to Company ESG strategy” commented Paolo Tubertini, CEO.
Olon also contributes to the creation of value and economic growth of the social and environmental contexts in which it operates. Continuing a firmly established trend that represents the very identity of the Company, in 2023 Olon confirmed its economic growth and the generation of greater economic and social value. In terms of supporting communities, the economic value of donations has increased by 74% since 2022.
“Our social responsibility roadmap is focused on human rights throughout all the value chain. The roadmap brings together our principles and progress in terms of social responsibility” Tubertini explained.
The full report here
