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Sustainability reporting
Annual and sustainability report
Orthex reports on sustainability annually as a part of the company's annual and sustainability reports.
Orthex Annual and Sustainability Report 2024 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.
CSRD sustainability reporting
In 2024, Orthex continued its preparations for the entry into force of the Corporate Sustainability Reporting Directive (CSRD). The new reporting requirements were expected to apply to the company starting from the beginning of 2025. However, changes to these reporting requirements have been proposed within the EU, which may result in the company being exempt from these requirements due to its size. We are closely monitoring the progress of the regulatory changes and their potential impacts on the company's reporting obligations.
External reports and commitments
Circular Economy Green Deal commitment
In 2024, Orthex joined the Circular Economy Green Deal. The Circular Economy Green Deal is a voluntary commitment in which the participating organisations commit to reducing their use of natural resources and setting effective goals, and to taking actions that promote a low-carbon circular economy. The commitments aim to reduce the use of raw materials, extend the useful life of materials and products, increase the supply of options that cause less burden on the environment and strengthen the natural capital, and develop new operational and business models that are in line with a circular economy.
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. Our target is to reach at least the Management level with the score B in CDP reporting. Outcome of the 2023 CDP reporting was disclosed in February 2024 and Orthex reached the highest Leadership level with a score A-. Outcome of the 2024 CDP reporting is still pending.
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
In 2024, Orthex participated for the second time in the EcoVadis ESG assessment and was awarded with a bronze medal for sustainability performance. The assessment results places Orthex among the top 22 percent of over 90,000 companies globally assessed by EcoVadis.
EcoVadis is a globally recognised 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.
