Lorama
Bio-based chemical manufacturer develops proficiency in sustainability practices, GHG inventory management and supply chain risk.
Client Overview
Founded in 1977 and headquartered in Mississauga Ontario, Lorama Group Inc. is both a manufacturer of Colour Dispersions & Bio-based Additives, as well as an international distributor of Specialty Chemicals and Functional Extenders.
Client's ESG challenges
Lorama faced the daunting task of conducting their first Greenhouse Gas (GHG) Inventory and S211 Force Labour reporting for compliance. Additionally, they had the complex exercise of engaging their supply chain on sensitive topics such as child labour and forced labour issues and risks.
Understanding the nuances of GHG emissions, encompassing Scope 1, 2, and 3, and identifying the material categories of emissions from their operations was essential.
The Sustainext solution
The outcome
Lorama’s teams are now proficient in sustainability practices, GHG inventory management, and modern slavery considerations. The collaboration with Sustainext enabled them to meet current reporting requirements while proactively preparing for future regulations. The groundwork for an advanced, sustainable supply chain has been laid, and Lorama has instituted effective data governance and collection systems. Through these initiatives, Lorama not only complies with existing standards but is also poised to adapt swiftly to upcoming regulatory changes.