Ontex Receives A- Rating for Transparency on Climate Action

Aalst, Belgium, February 8, 2024 –Ontex (Euronext: ONTEX) is proud to have received an A- rating for leadership in corporate transparency and performance on climate change for its 2023 contributions. Ontex received the rating among 23,000 companies evaluated by global environmental non-profit Carbon Disclosure Project (CDP), ranking Ontex in the top 6% of evaluated companies.

Gustavo Calvo Paz, CEO of Ontex said: "I am thrilled to share that Ontex has successfully reduced carbon emissions from its operations by over 50% in just 3 years. Our commitment to sustainability helps both our customers, who are reducing carbon in their supply chains, and our consumers, for generations to come. Together, we are closer to achieving net zero emissions and securing long-term business success."

Ontex earned its A- climate action rating by being transparent about how it emits carbon and where it is reducing emissions, and by sourcing more than 90% of the electricity used in its factories worldwide - 100% in its European factories - from renewable sources.

Ontex's climate action efforts are part of the company's 2030 sustainability strategy, which also includes actions towards driving positive change throughout the supply chain.

This year, Ontex reaffirms its positive CDP B score for Forests Disclosure, indicating the company's ability to measure and manage forest-related impacts, risks and opportunities. Ontex sources a range of forest-derived raw materials, from viscose and pulp to wood-based packaging. The company's internal due diligence system mechanisms help to assess, mitigate and prevent risks associated with deforestation or other unsustainable practices throughout the vulnerable supply chain of these materials. One of Ontex's key safeguards is to ensure that 100% of wood-based materials are sourced from certified or controlled sources. Year on year, Ontex shows solid progress in increasing the share of certified materials, culminating in over 90% in 2023.

CDP’s annual disclosure process is widely recognized as the gold standard of corporate environmental transparency. Over 25,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization.  

Note to editors

The full list of companies that made this year’s CDP A List is available here: https://www.cdp.net/en/companies/companies-scores

CDP asks companies to fill out questionnaires to assess their progress towards environmental stewardship. Responding companies are assessed across consecutive levels which represent the steps a company moves through as it progresses towards environmental stewardship. The levels are No disclosure (F), Disclosure (D), Awareness (C), Management (B) and Leadership (A).