Orica has been recognised as one of just 34 Natural Capital Decoupling Leaders worldwide out of more than 4600 companies screened in the State of Green Business 2014 report released by GreenBiz Group.
Environmental data experts Trucost assessed the ability of organisations to ?decouple” financial growth from environmental impact by increasing revenue while decreasing their absolute impact.
This was judged across 14 natural capital indicators within organisations and their supply chain over the 2008 to 2012 period.
Orica was assessed as achieving a decoupling rate of 24 per cent over the five-year period compared with a chemicals sector average of negative 22 per cent over the same period.
Natural capital impacts considered in the assessment included greenhouse gas emissions, water abstraction, dust and particles, acid rain and smog precursors, organic compounds and nutrient and organic pollutants.
Out of more than 4600 companies screened, only 34 met the requirements to be classified as a Natural Capital Decoupling Leader.
?This recognition acknowledges Orica’s commitment to improve environmental and social performance whist continuing to deliver financial growth,? Orica’s environmental general manager Anne Dekker said.
?It is also a strong endorsement of the work being done by Orica to reduce its environmental impact, including the installation of nitrous oxide (NOx) abatement technology globally, and its development of high energy bulk explosives that are reducing energy needs and associated greenhouse gas emissions in the comminution phase of mining.?
Source: Orica