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Sustainability reporting
Orthex reports on sustainability annually as a part of the company's annual and sustainability reports.
Orthex Annual and Sustainability Report 2023 as well as previous reports are available on the corporate website.
In addition to annual sustainability reporting, Orthex also participates in a number of third-party sustainability reports and commitments.
External reports and commitments
Nasdaq ESG Transparency Partner
Orthex is certified Nasdaq ESG Transparency Partner. This certification is used by Nasdaq to show engagement in the market transparency and raising environmental standards. Sustainability is a core element in Orthex’s strategy and with this reporting to Nasdaq’s ESG Data Portal we want to provide quantifiable data on environmental, social and governance issues to investors and other stakeholders.
CDP
Orthex reports on risk management and management practices related to climate change in Climate Disclosure Project’s (CDP) climate change program annually. In 2022, we achieved our target to reach the Management level with a score B in CDP reporting. Outcome of the 2023 CDP reporting was disclosed in February 2024, and we reached the highest Leadership level with a top score A-.
CDP is a non-profit organisation that runs the global disclosure system for investors, companies, cities, and states to manage their environmental impacts. Read more on CDP Climate Change Program.
Science-Based Targets
Orthex’s near-term emissions reduction target is approved by the Science-Based Targets initiative (SBTi).
The international Science-Based Targets initiative encourages companies to carry out their climate actions in accordance with the emissions reduction targets set out in the Paris Agreement. The Science-Based Targets organisation comprises CDP (Carbon Disclosure Project), a platform for increasing transparency of carbon related disclosures, the UN Global Compact initiative, the World Resource Institute (WRI), and the environmental organisation WWF.
EcoVadis
Orthex achieved a silver level rating in its first EcoVadis ESG assessment in May 2023. The result places Orthex globally among the top 18 percent of companies assessed by EcoVadis.
EcoVadis is a globally recognized assessment platform that rates businesses' sustainability based on four key categories: environmental impact, labour, and human rights standards, ethics, and procurement practices. The assessments are evidence-based and are refined into scorecards, providing scores from zero to one hundred (0-100) and, when applicable, medals (bronze, silver, gold). These scorecards also offer guidance on strengths and areas for improvement, which rated companies can use to enhance their sustainability efforts and develop corrective action plans to improve their sustainability performance.
