EPL bags EcoVadis sustainability gold medal

In top 5% on sustainable practices among 90,000-odd companies

620
EPL
EPL's range of recyclable packaging with recyclass certification. Photo PSA

EPL, a specialty packaging company headquartered in Mumbai, has been awarded the ‘gold medal’ in the 2023 EcoVadis Sustainability assessment.  

The company received a score of 70 out of 100, being placed in the 94th percentile and in the top 5% on sustainable practices among the 90,000 odd companies across 160 countries assessed by EcoVadis. In 2022, the company received the EcoVadis Silver Medal with a score of 65.  

Among the companies audited by EcoVadis in the manufacturing of plastics sector, EPL is among the top 13% in environment, top 9% in labor and human rights, top 2% in sustainable procurement, and in the top 6% in ethics. Overall, EPL ranks among the top 3% companies in the said industry.  

EPL performed well in all four pillars assessed by EcoVadis, with an individual score of 70 on each.  

The company remains among the best placed in the packaging industry, with some of these external validations. Recently EPL received a CDP rating of A- on climate change (leadership band), and A on supplier engagement rating (leadership band). In 2022, EPL was accredited positive (green rating) on all aspects by the Ellen MacArthur Foundation. 

In the financial year 2023, the company received 5 ISO certifications on the environment, energy, OHSAS, ISMS &  sustainable procurement globally for all its plants for sustainable practices  

EPL recently released the third edition of its sustainability report, which provides deeper insights into the sustainable value created for its stakeholders, the progress made on ESG goals and the performance on ESG aspects. 

It continues to be a member of the New Plastics  Economy, an initiative by Ellen McArthur, India Plastics Pact, Science Based Targets (SBTi)  signatory and UNGC (United Nations Global Compact).

Anand Kripalu, Global CEO and MD at EP, said, “The gold medal from EcoVadis is a confirmation of our commitment to sustainability. For us,  sustainability is not just a ‘nice to do’ but at the core of our business.  

Our focus on product, people and process sustainability is what will make us ‘lead the pack‘ in the times to come. In FY23, we more than doubled sustainable tube volumes; we aim to again double in FY 24. Our employee-centric policies were recently recognized with 2 awards for  “best places work’.  I want to underscore that our ambition is to make EPL the most sustainable packaging company in the world. Not the biggest, not the most specialized, not just the lowest cost, but the most sustainable.”  

EPL is the world’s largest specialty packaging company specializing in the  manufacture of laminated plastic tubes for a wide range of industries. Its global  manufacturing footprint comprises over 21 state-of-art facilities in eleven countries –  Brazil,  China, Colombia, Egypt, Germany, India, Mexico, the Philippines, Poland, and the United  States. 

EcoVadis is a global collaborative platform that provides sustainability ratings. In this year,  EcoVadis has evaluated over 90,000 organizations in over 160 countries and in over 200  industries. The objective of the EcoVadis methodology is to measure the quality of a company’s sustainability management system through its policies, actions and results.  

The assessment focuses on 21 sustainability criteria that are grouped into four themes – environment, labor and human rights, ethics and sustainable procurement. 

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna (25 October 2023)

Subscribe Now
unnamed 1

NEWSLETTER

Subscribe to our Newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here