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Thursday, 26 November 2020
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Markets & companies, Raw materials market

OQ Chemicals again achieves gold status in Ecovadis Sustainability Ranking

Friday, 6 November 2020

OQ Chemicals was once again recognised for its sustainability management in the supply chain.

OQ Chemicals was recognised for its sustainability management. Image source: eyectronic –stock.adobe.com (symbol image).

OQ Chemicals was recognised for its sustainability management. Image source: eyectronic –stock.adobe.com (symbol image).

The corporate division belonging to the OQ Group was rated by the independent international rating agency Ecovadis and achieved gold status for the second time in a row. This result puts OQ Chemicals amongthe top five percent of the companiesassessed in its peer group worldwide.

Its 2019 Sustainability Report "Accelerate Sustainability” describesits core topics and objectives. Among other things, OQ Chemicals presents carboxylic acids as ‘hidden champions’, which, for example, make energy-efficient and environmentally friendly synthetic lubricants for the refrigeration industry possible in the first place.OQ, a global integrated energy company that was formed just last year, will publish its 2019 Sustainability Report for the whole group shortly.

"Contribution to the OQ Group's sustainability goals"

"We are very pleased to have achieved Gold status with Ecovadis for the second time in a row and that we were able to improve our overall score once again.Among other things, the rating honored our newly introduced measures in the area of sustainable procurement. Itshows us that we are on the right track,butare still farfrom reaching our goal. We see the award as an incentive to continue working on, monitoring and actively promotingthe key issues of today and tomorrow,” said Dr. Ina Werxhausen, "Lead Sustainability”at OQ Chemicals ."Finally, our renewed gold status is an effective contribution to the OQ Group's sustainability goals,” she continued.

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