OLVEA Group, a global provider of vegetable and omega fish oils, has released its new Corporate Social Responsibility (CSR) performance report, OLVEAct Now, which showcases the company's achievements and future endeavours which will enhance the company's sustainability credentials.
The company's 'five year vision' for 2029 is built on three key pillars: people, product and planet — and will involve setting ambitious goals to drive impactful change, according to the company.
The OLVEAct Now report highlights include:
- People: 98% of employees in France attended at least 1 training course in 2023
- Product: 90% of our oils come from responsible sources (Definition of responsible sources features in Responsible Purchasing Policies)
- Planet: 100% of the electricity used at our French sites comes from renewable sources with guarantees of origin.
Committing to sustainable development goals
OLVEA is also a member of the United Nations Global Compact, and aims to contribute to the Sustainable Development Goals the initiative has set. The company is currently focusing on four goals:
- Preservation of terrestrial and marine biodiversity (SDGs 14 and 15)
- Fight against climate change (SDG 13)
- Promoting decent work and economic prosperity (SDG 8)
The company has also received an EcoVadis platinum medal, which has been awarded to the company for the third consecutive year.
“2023 has been synonymous with change, innovation, and forward-looking initiatives for OLVEA. This drive for innovation — bolstered by strengthened teams and expertise — has led us to redefine our value proposition to meet our customers’ needs more effectively. We are directing our efforts towards innovative technical solutions and bringing new added value to our oils.”