Orthex Oyj: Orthex commits to Circular Economy Green Deal
Orthex Corporation, Press release, 4 December 2024 at 11.30 a.m. EET
Orthex has joined the Circular Economy Green Deal. Orthex's commitment relates to action areas "Increasing the value of recycled materials and bio-based raw materials in production" and "Expanding the availability of circular economy products in the market". Orthex commits to replace in its production virgin raw materials with recycled and renewable raw materials and to introduce new plastic products made from recycled or renewable materials to the market. Orthex commitment (in Finnish) is available here.
Orthex has set a goal to increase the proportion of recycled and renewable raw materials used in production from the current approximately 16% to 85% by 2035. By using products that align with the circular economy, the company aims to reduce its relative carbon footprint per kilogram produced by 75% from the current level. "Our goal is that the majority of our products will be made from recycled or renewable raw materials by 2035", says Alexander Rosenlew, CEO of Orthex Corporation.
The Circular Economy Green Deal is a voluntary strategic commitment shared by companies, municipalities, regions, sectoral organisations, and the Finnish state in which the participating organisations commit to reducing their use of natural resources and setting effective goals, and to taking actions that promote a low-carbon circular economy. The objectives include curbing the consumption of non-renewable natural resources and doubling the circular economy rate of resources and materials by 2035. The commitment has been joined earlier by seven and now five other pioneering organisations. The Circular Economy Green Deal has been prepared on behalf of the state by the Ministry of the Environment and the Ministry of Economic Affairs and Employment. More information about it is available here: Circular Economy Green Deal - Ministry of the Environment.
Further enquiries:
Alexander Rosenlew, CEO, Orthex Corporation
Tel. +358 (0)40 500 3826
alexander.rosenlew@orthexgroup.com
Hanna Kukkonen, CMSO, Orthex Corporation
Tel. +358 (0)400 538 886
hanna.kukkonen@orthexgroup.com
Distribution:
Nasdaq Helsinki Ltd
Main media
https:/investors.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 2023 were 85.9 million euros. The company has customers in more than 40 countries and local sales organisations in the Nordics, Germany, France, the UK, and the Benelux.