SIG publishes combined Corporate Responsibility & Annual Report 2021

Continues focus on sustainable innovation

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SIG
launch of new industry-leading sustainable innovations. Photo SIG

Published on 8 March 2022, SIG’s first combined Annual and Corporate Responsibility Report for 2021 explores the company’s progress on the Way Beyond Good as part of its core business strategy, highlighting increased uptake of SIG’s most sustainable packaging solutions and the launch of new industry-leading sustainable innovations.

“We have set big ambitions on the Way Beyond Good for 2025 and beyond, and made strong progress in 2021,” said Samuel Sigrist, chief executive officer of SIG. “Our relentless focus on sustainable innovation continues to deliver results for our customers and our business. Uptake of our most sustainable solutions has continued to rise in 2021. And both SIG Neo, our next generation filling machine, and Signature Evo, the latest aluminium-free solution for our packs.

Progress on the Way Beyond Good

Highlights in 2021 include:

  • Platinum rating maintained in the latest EcoVadis assessment, scoring among the top 1% of participating businesses.
  • On track to meet target of 30% women in leadership positions by 2025, with 20% female leaders in 2021 and one-third female group executive board members as of January 2022.
  • SIG Neo next-generation filling machine designed to cut the carbon footprint of filling and packing by 25%, and further reduce our industry-leading waste rate of 0.5% or less.
  • 21% increase in sales of SIG’s most sustainable Signature portfolio solutions in 2021.
  • Signature Evo, said to be the world’s first aluminium-free full barrier aseptic carton solution, developed for launch in early 2022.
  • Over 660 million SIG packs now sold with Aluminium Stewardship Initiative (ASI) label and SIG remains the only carton producer to offer packs with ASI-certified Aluminium.
  • 10.6 billion liters of nutritious food and drinks that contribute to a balanced diet and lead to better health (as defined by the independent Health Star Rating System) delivered in SIG packs in 2021.
  • Carbon neutral production is maintained with 100% renewable energy used to make packs.
  • 74% reduction in Scope 1 and 2 emissions, and 20% reduction in Scope 1, 2 and 3 emissions per liter of food packed (since 2016), staying on track to achieve 1.5 o C science-based targets.
  • 100% paperboard purchased with FSC certification from January 2021

SIG has set bold commitments for 2025 and beyond on the Way Beyond Good, with a strong focus on four key action areas –  Forest+, Climate+, Resource+, and Food+. Responsibility built-in.

Previously published in a standalone Corporate Responsibility (CR) Report, SIG’s in-depth CR reporting is now included within the Annual Report. 

This evolution in the company’s reporting responds to growing interest from investors in environmental, social, and governance (ESG) topics. It also emphasizes SIG’s longstanding ‘responsibility built in’ approach.

SIG’s commitment to go Way Beyond Good for people and the planet is built into the corporate compass, governance structures, and core business processes. The company has reinforced this approach further by introducing an ESG performance measure in its short-term incentive plan in 2021.

Transparent reporting

Key elements of SIG’s strategy and progress on the Way Beyond Good are included throughout relevant sections of the Annual Report.

The report also offers detailed ESG disclosures for experts in a dedicated CR Report chapter that describes SIG’s CR governance as well as management approach, performance, and targets related to its most material environmental and social issues.

SIG reports in accordance with the Global Reporting Initiative (GRI) Standards —  Core option. Visual cues in the CR Report chapter signpost where SIG is leading the industry, as well as highlighting key challenges the company is working to overcome. Key performance indicators are externally assured.

Download SIG’S Annual Report here

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.

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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

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