Sustainability - Uruguay

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Sustainability

Contributing to well-being through chemistry

Chemistry is one of the answers to the challenges faced by humanity.The industry is an important provider of innovative, sustainable solutions that will contribute directly to the UN’s Sustainable Development Goals (SDGs).

For Oxiteno, sustainability is a journey that has a beginning with no end. There are many challenges on this journey and today's strategic decisions can help build a more sustainable future.

See the strategic plan

The global population will be more than eight billion by 2030 and there is a pressing need for a strategy of sustainable growth and development - considering economic, social, and environmental aspects. Oxiteno
believes that collaboration between government, civil society and the private sector is critical to addressing this new reality. So, in 2019 the 2030 Strategic Sustainability Plan set out the goals that will directly contribute to sustainable development.

The ambitions outlined in the plan are part of the company's strategy, and therefore are considered in each of the businesses’ decisions.

Read Oxiteno's strategic sustainability plan

The company's ambitions are based on eight pillars, each with goals to ensure the continuity of the business and help build a more sustainable future.

Foster sustainability in Oxiteno's supply chain. Build stable, long-term business relationships with our partners.

Goals

Supplier evaluation

Create shareholder value through financial returns greater than the cost of capital employed.

Goals

EBITDA

Be an environmental benchmark for the chemical industry in the countries where Oxiteno operates with world-class performance

Goals

Water
Waste
Energy
GEE

Be a benchmark in the chemical industry in terms of safety with world-class performance.

Goals

Employee safety
Process safety

Develop a management model that delivers superior results, values people, and boosts the development of the working environment.

Goals

Diversity, inclusion and quality of life
Equal Pay
People Management

Suport the Ethics and Compliance Culture with integrity and transparent management.

Goals

Ethics and Compliance Program

Develop solutions aligned with society’s needs, in partnership with our customers and with a positive environmental and social impact.

Goals

Innovation Plataforms

Develop safer products for people and the environment and provide support to customers when using the products.

Goals

Product use risk assessment

View the Strategic Plan

Supply chain

Foster sustainability in Oxiteno's supply chain. Build stable, long-term business relationships with our partners.

Goals

Supplier evaluation

Supplier evaluation

2025: more than 80% of suppliers evaluated for supply “Good Practices”.

2030: more than 50% of suppliers evaluated for “Excellence Practices”.

Palm Kernel Oil (PKO)

Palm Kernel Oil (PKO) is the most popular vegetable oil in the world.

Click to learn more.

Economic performance

Create shareholder value through financial returns greater than the cost of capital employed.

Goals

EBITDA

EBITDA

Achieve a 15% return on capital employed (ROCE).

Contribution by specialty chemicals to the sales mix above 70% in contribution margin.

Increase business competitiveness through continuous optimization of fixed and variable costs.

Further the use of digital technology to increase efficiency and improve customers’ and employees’ experiences .

Environment

Be an environmental benchmark for the chemical industry in the countries where Oxiteno operates with world-class performance

Goals

Water
Waste
Energy
GEE

Water

10% reduction in water consumption per ton produced (2019 baseline)

Double the use of reuse water (2019 baseline)

Waste

Zero landfill for industrial waste / year (except Uruguay)

10% reduction in waste generation per ton produced (2019 baseline)

Energy

10% reduction in energy consumption per ton produced (2019 baseline).

GEE

25% reduction in the emissions per ton produced (2008 baseline)

Safety

Be a benchmark in the chemical industry in terms of safety with world-class performance.

Goals

Employee safety
Process safety

Employee safety

OSHA Recordable accident frequency rate (per million hours worked)

2020: 2,00 / 2025: 1,50 / 2030: 1,00.

Process safety

Accident rate (number of accidents TIER I + TIERII * 1,000,000 / hours of exposure)

PSE Rate in 2020 = 1,6 (2019 baseline)
PSE Rate in 2025 = 0,86 (2019 baseline)
PSE Rate in 2030 = 0,50 (2019 baseline)

50% reduction in total chemical spill classified as primary containment loss (TIER 2019 baseline)

Workforce appreciation

Develop a management model that delivers superior results, values people, and boosts the development of the working environment.

Goals

Diversity, inclusion and quality of life
Equal Pay
People Management

Diversity, inclusion and quality of life

Reach a favorability index according to the benchmark for best market practices.

Equal Pay

Ensure Equal Pay.

People Management

Perform the people management cycle with 100% of employees.

Ethics, transparency and integrity

Suport the Ethics and Compliance Culture with integrity and transparent management.

Goals

Ethics and Compliance Program

Ethics and Compliance Program

Homogeneous and consistent in all regions of operation

100% of employees trained in ethics and compliance modules

Ensure a high standard of the ethics and compliance program in the evaluation of stakeholders

Product portfolio

Develop solutions aligned with society’s needs, in partnership with our customers and with a positive environmental and social impact.

Goals

Innovation Plataforms

Innovation Plataforms

Develop more sustainable solutions in partnership with customers to meet society’s needs.

Product safety

Develop safer products for people and the environment and provide support to customers when using the products.

Goals

Product use risk assessment

Product use risk assessment

100% risk assessment of the use of the product by the customer for the most relevant dangerous products

Oxiteno understands that its decisions and activities have an impact. The company focuses its efforts
on developing its value chain, from the selection and monitoring of suppliers, to caring for the nearby communities and the development of an inclusive and balanced environment for its employees.

Learn more about Oxiteno's social responsability initiatives.

Sustainability Reports

Oxiteno’s Sustainability Report provides information about the company's strategy and performance. Based on its commitment to transparency, the report features the main results in accordance with the standards set out by the Global Reporting Initiative (GRI) with a focus on topics related to the company's materiality, in addition to those defined as having the greatest impact on stakeholders.

Downloadable reports

Sustainability Report 2019

Downloadable report

Sustainability Report 2018

Downloadable report

Sustainability Report 2017

Downloadable report

Sustainability Report 2016

Downloadable report

Sustainability Report 2015

Downloadable report

Sustainability Report 2014

Downloadable report

Sustainability Indexes

EcoVadis

Sustainability ranking platform for global supply chains.

63/100

EcoVadis

CDP

Platform for measuring and managing risks and opportunities in climate change, water safety, and deforestation.

CDP Climate Change

CDP Water

Public Initiatives and Commitments.

To manage the product portfolio responsibly, Oxiteno has developed its own methodology for Sustainable Product Portfolio Management, to identify its degree of sustainability, to manage products properly or to discontinue products that do not comply with pre-determined minimum requirements.

In addition, the company uses the Life Cycle Assessment (LCA) methodology to support the development of more sustainable solutions, quantifying the environmental impacts of a product from the extraction of its raw materials, through its processing, use and disposal. With these data it is possible to make comparisons with similar solutions, to identify in which stages of the process the environmental impacts are more intense, and to propose modifications to improve them.

Learn about the methodology