UFlex partners with CREDUCE for carbon neutrality

To reduce almost 175,000 MT of carbon emission equivalent reduction by 2024

127
UFlex partners with CREDUCE for carbon neutrality
M Sarkar GM HR and Sustainability and Jeevaraj Pillai joint president Flexible Packaging of UFlex at the signing of the MOU with CREDUCE director Shailendar Singh Rao on right Photo UFlex

The Indian prime minister’s pledge to make India Net Zero on carbon emissions by 2070 has inspired the Indian packaging industry to participate wholeheartedly. Two of the country’s largest firms in their respective domains of packaging and carbon credit consultancy, UFlex and CREDUCE have signed an agreement to help realize its net zero ambitions – according to a press release dated 22 September 2022.

The scope of the MOU for working together encompasses an analysis of carbon footprint and neutrality and creating and formalizing carbon and plastic credit balances on an internationally accepted and recognized platform. It also envisions setting sustainable development goals and carving out a sustainability roadmap.

With this commitment, UFlex stands to become the largest firm in the packaging category, to take effective steps to meet its Environment, Social, and Governance (ESG) goals. These entail co-creating a time-bound strategy toward carbon neutrality, beginning with its flexible packaging division followed by the other divisions of the group. 

“We were always committed to steer our group towards sustainable environmental practices, especially to achieve carbon neutrality in Scope 1 and Scope 2 emissions. We aspire to cut about 175,000 tonnes of carbon emission equivalent by the end of the 2024 calendar year, across the group. Through our CSR initiatives, we also aspire to implement various community development and outreach programs to achieve the stiff ESG goals that we have set for ourselves,” asserts Jeevaraj Pillai, the joint president of the Flexible Packaging Business of UFlex. 

“Socio-environmental sustainability has always been one of our core organizational values for quite some time now and we have articulated and imbibed the same in all walks of our functioning,” states Manas Kumar Sarkar, general manager of HR and Sustainability at the UFlex Flexible Packaging Business.

UFlex in consultation with CREDUCE intends to leverage its sustainability initiatives and accrue carbon credits. UFlex has been championing this effort with its global sustainability initiative ‘Project Plastic Fix’ which includes methodologies such as MLP Recycling (converting industrial and post-consumer plastic waste to granules), manufacturing of PCR grade films Asclepius (by up-cycling discarded PET bottles), and biodegradable laminates that can potentially convert uncollected packaging waste into fertilizer within a fixed period of time. 

In its many-sided approach to creating a circular economy, UFlex offers a host of eco-friendly products across its businesses such as inks, water-based adhesives, PCR films, MLP recycling machines, gravure cylinders for water-based inks, and alu-alu blister packs. 

“It is a huge honor and excitement to see such industry giants taking big leaps towards sustainability and carbon neutrality. At CREDUCE, we see huge potential among organizations like UFlex to accrue carbon credits. We would be able to strategize a path towards a complete zero carbon footprint. These accruals of carbon credits would be clubbed with community development initiatives like smokeless cookstoves and clean drinking potable water. Firms like UFlex can lead the way for other players to follow,” says Shailendra Singh Rao, director of CREDUCE. 

Several studies have addressed the environmental impact of plastic, but more focus needs to be placed on plastic waste management sustainable production processes, reducing dependency on fossil fuels, and such steps that will lead to positive environmental impacts such as decreasing greenhouse gas (GHG) emissions. Organizations across the world are steadily moving toward carbon neutrality and Net Zero Carbon Emissions. The latest MoU between the two organizations reaffirms corporate India’s commitment to helping the country show leadership on the environmental front. 

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia.is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now
Previous articleFineflexo’s focus on productivity with a new Gallus Labelmaster Press
Next articlePureFlexo wins Miraclon India IFCA Star Award 2022
Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here