TAGS: Sustainability / Natural Cosmetics
OLVEA publishes OLVEAct Now, its Corporate Social Responsibility (CSR) report, demonstrating the company's transparency and daily involvement, for the third consecutive year.
Contribution to Social & Environmental Issues
OLVEA contributes to social and environmental issues and is committed to taking concrete action for a fairer and more sustainable world. The OLVEAct Now report presents some of the actions and initiatives carried out by the company to accelerate its change and be a player in the environmental and social transition.
OLVEA was founded in Fécamp (Normandy) in 1929. Its initial activity was cod liver oil trading, closely linked to the activity of the fishing port of Fécamp, from where the Terre-Neuvas departed. Today, the Group counts 12 subsidiaries and a workforce of nearly 300 people worldwide. The company has become one of the leading suppliers of vegetable and fish oils for nutrition and cosmetics. For nearly 15 years, OLVEA has chosen to develop sustainable and fully integrated supply chains in the countries of origin of its raw materials, in order to participate in their development and improve its environmental impact.
Since 2018 and the formalization of its CSR approach and goals, OLVEA has continued to pursue its commitment to sustainable development and has set up new and even more ambitious goals for 2029, OLVEA's 100th anniversary.
This new CSR strategy, OLVEAct Now 2029, aims to carve a path towards driving positive changes and provides guidelines to address evolving current social and environmental challenges.
Engaged with the United Nations Global Compact, OLVEA daily contributes to the achievement of the UN Sustainable Development Goals (SDGs). Through its activities and the various development funds it supports, the company actively participates in 16 of these 17 SDGs. Awarded with the Platinum Medal by EcoVadis, OLVEA confirms its exemplary approach to CSR and ranks among the top 1% of the most committed and advanced companies.
Key CSR Indicators (2021-2022)
The OLVEAct Now report focuses on the six themes of the OLVEA Group's CSR policy:
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Governance: +190 hours dedicated to CSR by the Executive Committee
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Environment: 88% of their oils are delivered in low-environmental impact packaging (Bulk, IBC, cardboard boxes)
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Local development: +4% of OLVEA’s net profit is donated to charities and community projects
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Clients: -30% of clients’ claims in its reco-refinery
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Economic performance: +8% of sales turnover (despite the COVID-19 pandemic)
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Working relations and conditions: 38% of employees hired under inclusive contracts
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Source: OLVEA
