TAGS: Sustainability / Natural Coatings
Oerlikon publishes its Sustainability Report 2022, outlining its strong progress, particularly in its environmental metrics, and achievements of the company in environmental, social and governance topics.
Better Energy Usage Management
Presently, 55 of Oerlikon’s sites have energy management systems (EnMS) in place, which represents a third of all sites and covers 71% of Oerlikon’s global energy consumption. These systems allow the Group to better manage energy usage and to identify opportunities for improving energy efficiency and conserving energy.
Such systems also support the decision making for the purchase and use of renewable sources of electricity. After adding another five sites, Oerlikon has to date a total of 18 sites that uses electricity solely from renewable sources. Oerlikon also succeeded in reducing its GHG emission intensity from 60.9 to 50.6, representing a 16.9% reduction, and lowered its share of waste disposed from 42% to 28%.
“
We are pleased to have made excellent progress toward our sustainability goals and are now among the top 10% of the best-rated companies in the industrial sector in terms of sustainability following rating upgrades,” said Georg Stausberg, chief sustainability officer and CEO of Oerlikon’s Polymer Processing Solutions Division.
“
We improved on all our environmental targets, from increasing the implementation of energy management systems and share of renewable electricity to decreasing emission intensity and share of waste disposed,” added Stausberg.
Increment in R&D Expenditure to Develop Sustainable Products
As a technology innovator, Oerlikon increased its R&D expenditure from 72% to 73%, developing sustainable products that help customers save energy, reduce waste and/or avoid emissions.
“
Governance remains a key priority. Since taking on the role of executive chairman, I have personally met with key stakeholders to listen to their feedback,” added Michael Suess, executive chairman of Oerlikon.
“
As a direct result, we have expanded our governance and sustainability disclosures to provide additional transparency and will continue to promote a better understanding of Oerlikon and our sustainability strategy,” added Suess.
Source: Oerlikon