Corbion Awarded with Platinum Sustainability Rating by EcoVadis

DATE 16 December 2021
   

Corbion awarded with Platinum sustainability rating by EcoVadis

Corbion has been awarded a Platinum rating in its EcoVadis assessment for the second year in a row. The independent review, whose findings have just been released, put Corbion in the top one percent of all suppliers audited worldwide across a wide range of industries.

2021 was the 6th year in which Corbion's corporate social responsibility (CSR) practices have been evaluated by EcoVadis, and the continuation of the Platinum rating is the result of consistent improvements across all the themes assessed: fair business practices, sustainable procurement, labor practices and the environment.

"Sustainability has been a cornerstone of our business for over a hundred years, but over the last years we really see it picking up speed," says Diana Visser, Corbion's sustainability director. "One of the key elements for us is that we continue to show it is possible to successfully grow our business while constantly raising the bar in terms of sustainability, in the spirit of our purpose Preserving what matters. Subjecting ourselves to EcoVadis' rigorous independent scrutiny demonstrates clearly how committed we are to ongoing improvements in CSR."

EcoVadis evaluated Corbion's policies, actions and results across all its production facilities worldwide, and the company scored particularly highly in the areas of environment, labor practices and sustainable procurement.

"We were really proud to receive the Platinum score last year, and we are strongly committed to keep this up. Getting to such a score is not easy, but staying there requires dedication and focus. This year we've conceived and implemented several new initiatives, which are already bearing fruit," continues Visser. "This is particularly the case in sustainable procurement, which is a key focus area for Corbion as it raises the bar across the whole supply chain and delivers further assurance to customers and consumers that their CSR expectations are being met by everyone."

Corbion's participation in EcoVadis over time has become an integral part of its dealings with several customers. An increasing number of customers in the food, agrochemicals, pharmaceutical and HPC industries has requested access to Corbion's EcoVadis scorecard through the EcoVadis platform, strengthening the transparency and collaboration that underpin all Corbion's partnerships.

"At Corbion we preserve what matters, from food and food production, to health and the planet," says Marcel Wubbolts, Corbion's CSSO. "By reducing the reliance on fossil resources, addressing the needs of a growing population and taking care of our people, business partners and the planet, we really do create long-term sustainable growth. It's a journey, and we are honored that our efforts are recognized with a Platinum score."

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

For more information, please contact:

Analysts and investors:
Jeroen van Harten, Director Investor Relations
+31 (0)20 590 6293, +31(0)6 21 577 086

Press:
Tanno Massar, Director Corporate Communications
+31 (0)20 590 6325, +31 (0)6 11 589 121

Background information:

Corbion is the global market leader in lactic acid and its derivatives, and a leading supplier of emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients. We use our unique expertise in fermentation and other processes to deliver sustainable solutions for the preservation of food and food production, health, and our planet. For over 100 years, we have been uncompromising in our commitment to safety, quality, innovation and performance. Drawing on our deep application and product knowledge, we work side-by-side with customers to make our cutting-edge technologies work for them. Our solutions help differentiate products in markets such as food, home & personal care, animal nutrition, pharmaceuticals, medical devices, and bioplastics. In 2020, Corbion generated annual sales of € 986.5 million and had a workforce of 2,267 FTE. Corbion is listed on Euronext Amsterdam. For more information: www.corbion.com


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