Oxiteno, a leader in the production of surfactants and specialty chemicals in the Americas, has just published its 2021 Sustainability Report. It features progress and main practices in ESG (Environmental, Social and Governance), and the company’s best performance ever, with EBITDA up by 41% year on year, net revenue up by 36% (R$ 7.1 billion), and total sales up by 3% (779,000 tons). Other highlights are the launches of “+ Sustainability,” which makes sustainability the core of the company’s communications; the volunteering program “Connect,” targeting the social pillar, and the new “Supplier Relationship Program,” which fosters sustainability throughout the production chain.
João Parolin, CEO of Oxiteno, stresses the company’s progress amid a challenging global scenario. “In 2021, a year that demanded flexibility and resilience from everyone, we continued to reimagine our business, keeping sustainability and innovation at the heart of our strategy. As a result, we have achieved record results and a substantial improvement in return on capital,” he says.
Following its 2030 Strategic Sustainability Plan, which connects to some of the UN’s SDGs (Sustainable Development Goals), Oxiteno determined the required actions for its decarbonization in the short, medium, and long term, joined the UN Net Zero Ambition Program, and scored 78 points in the EcoVadis evaluation, remaining in the Platinum category, which only 1% of the companies achieve.
On the Diversity & Inclusion (D&I) front, affinity groups were created, and the TOGETHER program was implemented in the USA and Mexico. The company also signed up to the Global Compact’s Equity is a Priority movement in Brazil, which aims to increase the number of women in senior leadership positions. Based on the premise that a company only moves forward with a unified vision of sustainability and innovation, Oxiteno also held another Innovation Day, on the theme of social innovation and the importance of intra-entrepreneurship.
As announced to the market, 2021 was also the year when Ultrapar Participações S.A. announced the signing of the contract to sell its stake in Oxiteno to Indorama Ventures (IVL) as part of a readjustment of its business portfolio. In 2022, Brazil’s antitrust body, CADE, rendered an opinion recommending the unrestricted approval of the sale of Oxiteno to IVL. “This is an important new chapter in Oxiteno’s history, and we are sure that this integration will further expand our innovation potential with a focus on sustainability,” says Parolin.
The Sustainability Report 2021 can be consulted in full here.
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