Orthex Corporation, Press release, 21 March 2023 at 9.00 a.m. EET

Orthex Corporation’s Annual and Sustainability Report 2022 has been published. In addition to the annual review and Sustainability Report, the report includes the Board of Directors’ Report, Financial Statements, Corporate Governance Statement, and Remuneration Report for the year 2022. In our Sustainability Report we tell about the progress of Orthex's sustainability actions, the renewed sustainability strategy and Orthex's road map towards carbon neutrality by 2030.

Orthex reached many significant sustainability milestones during 2022. The company conducted an extensive materiality assessment of the company’s sustainability topics, and based on its results, the sustainability strategy was updated. SBTi approved Orthex's near-term science-based emissions reduction target and Orthex's CDP report reached B-level (Management). The company also started two significant raw material related projects together with partners, the aim of which is to find break-through solutions which would enable the company to further increase the use of sustainable raw materials in its products and reduce its carbon footprint. All these actions are in line with Orthex’s ambition to reach carbon neutrality in production by 2030.

In 2022, Orthex's Scope 1,2 and 3 emissions decreased by 23% (31,107 vs. 40,304 tCO2 eq.) and the relative carbon footprint was also significantly smaller than in 2021 (2.2 vs. 2.5 kgCO2 eq./kg). The result of the personnel survey improved to 14.6 (14.4 in 2021) and was higher than the result of the peer group of Finnish manufacturing companies. Although sickness absence rate decreased from the 2021 level (6.5% vs. 6.6%), it fell short of the target level of 5% since the pandemic still influenced the rate.

"Sustainability is at the core of our strategy and is present in our everyday work. Our goal is to be the industry forerunner in sustainability. During 2022, we made significant progress in our sustainability journey, but the work is of course not finished, and we constantly strive to improve the sustainability of our products and our operations", says Alexander Rosenlew, CEO of Orthex Corporation.

The Annual and Sustainability Report 2022 is available on the corporate website in Finnish and English at https://investors.orthexgroup.com/.

Further enquiries:
Alexander Rosenlew, CEO, Orthex Corporation
Tel. +358 (0)40 500 3826
alexander.rosenlew@orthexgroup.com

Hanna Kukkonen, CMO, Orthex Corporation
Tel. +358 (0)40 053 8886
hanna.kukkonen@orthexgroup.com


Orthex in brief

Orthex (ORTHEX, Nasdaq Helsinki, Finland) is a leading Nordic houseware company. Orthex offers a broad assortment of practical and durable household products with a mission to make consumers’ everyday life easier. Orthex main consumer brands are SmartStore™ in storage products, GastroMax™ in kitchenware and Orthex™ in home and plant care categories. Orthex aims to be the industry forerunner in sustainability and to become carbon neutral in its production by 2030. Read more www.orthexgroup.com.

Orthex’s net sales in 2022 were 84.0 million euros. The company has customers in more than 40 countries and local sales offices in the Nordics, Germany, France, and the UK.

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