Orbia’s Climate Action Framework
Climate change is one of the greatest challenges the global community will ever face and presents both risks and opportunities to our business.
Low-impact and resilient operations
We are continuously identifying ways to decarbonize through optimizing manufacturing processes, transitioning to low-carbon and renewable energy sources, and exploring opportunities in carbon capture and hydrogen. In parallel, our sites are adapting to physical climate change risks, including risks associated with changing weather and their resulting disruptions.
Furthermore, we have defined a roadmap that outlines the instruments needed for accelerating our path to net-zero. This is a work in progress that will incorporate growth in future versions.
See our decarbonization progress, here.
Solutions for advancing a climate-resilient economy
Orbia’s business groups are constantly developing products and services with improved environmental performance that support our customers and suppliers in making measurable progress against each business' climate goals. Our solutions contribute to urban and rural resilience and support the transition to a low-carbon and circular economy. These include materials and products that advance alternative energy, resource efficiency, green buildings, data connectivity and health.
See our contribution to the SDGs and how we are making a difference in decarbonization and energy transition, here.
Driving new businesses for a net zero world
Both within existing businesses and through corporate venture capital, our culture encourages exploring new technologies and strategic acquisition opportunities, investing human and financial capital to support new business models that will have a positive impact in the longer term. Climate Tech is a focus area of strategic investments made through Orbia Ventures, our corporate venture capital fund.
Additionally, Orbia Ventures collaborates and exchanges knowledge with dozens of innovation and investment entities and sponsors global climate tech and agritech conferences where we share our investment theses.
In December 2022, the Science Based Targets initiative (SBTi) validated Orbia's near-term Scope 1, 2 and 3 emissions reduction targets as being in conformance with the latest SBTi Criteria and Recommendations (Version 5) for climate actions to mitigate the impacts of global warming. Read our press release and learn more about our progress towards our targets.
As part of our journey towards a low-carbon future, in 2019, Orbia completed its first climate risk and opportunity assessment, following the framework established by the Task Force on Climate-related Financial Disclosures (TCFD).
In 2024, as the ISSB Standards start being applied around the world, the IFRS Foundation has taken the responsibilities from the TCFD. In this sense, an update of our climate assessment was carried out in 2023 in line with evolving standards.
Further climate disclosures are available at our reporting hub.
Every year, Orbia also reaffirms its commitment to environmental and climate change disclosure by reporting to CDP Climate Change and Water. Orbia has maintained a B score since 2021. View Orbia's 2023 CDP Climate Change response.
Find out more about our commitments and progress in our Sustainability Reporting Hub.