OLON, INTERNATIONAL API SUPPLIER, RELEASES THE NEW SUSTAINABILITY REPORT 2022 CONFIRMING THE PROGRESS OF ITS SUSTAINABILITY IN THE FOCUS AREAS OF ENVIRONMENT, SUPPLY CHAIN, PEOPLE, COMMUNITY ENGAGEMENT, PRODUCTION

“Our ambition is to promote a more sustainable production of APIs, meeting the highest standards of quality” Paolo Tubertini, CEO of the Group, commented “To achieve this, we are investing in people, in innovation and technology processes, endorsing the sustainable development goals proposed by the UN 2030 Agenda”

Olon, international API supplier, is proud to publish the annual Corporate Sustainability Report for 2022, 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.

“After the 2021 publication of our first Sustainability Manifesto, this is a clear statement and policy document representing that we are pursuing our vision of sustainable growth. It is an assumption of responsibility towards customers, partners, and employees. Our vision is to be a global leader in API production from a business, social and ethical perspective. We will continue to introduce new initiatives to deliver our future ambitions” Paolo Tubertini commented

The full report here

https://olonspa.com/we-are-olon#sustainability

FACTS&FIGURES

To reduce energy consumption, Olon has launched a long-term program to progressively install renewable energy systems in the facilities of global manufacturing network.

Over 2022, the Group has been carrying on investments in 4 out of the 11 Olon sites to install advanced solar panel systems to generate renewable energy. In Rodano, one of the most strategic sites further than HQ base, they have just successfully implemented the installation and the system is running and they have already allocated a significative investment for the next step ahead – a new massive solar system. Thanks to this investment, 15% of the electric energy used in Rodano facility will be covered by renewable source by 2023.

More than the 70% of Olon global purchases comes from suppliers that have formally accepted and signed the Code of Conduct

OLON ENVIRONMENTAL TARGETS

-60% of specific energy consumption per ton of production, over the 2018-2025

-60% of CO2 emissions over the 2018-2025

-60% of water consumption to promote fair and sustainable use over the 2018-2025

-40% of generated waste over the 2018-2025

+50% of recycled waste on the total waste over the 2018-2025