Siegwerk commits to carbon neutrality

Company submits letter to science-based targets initiative

Siegwerk has signed a commitment letter for the Science-Based Targets initiative

Siegwerk, a leading global provider of printing inks and coatings for packaging applications and labels, has signed a commitment letter for the Science-Based Targets initiative (SBTi) and is the only major inks manufacturer to do so to date.

The SBTi calls on companies to demonstrate their commitments to mitigating climate change by publicly pledging to reduce their greenhouse gas emissions with science-based targets. A target is considered science-based if it is in line with the level of decarbonization required to keep the global temperature increase below 1.5°C compared with preindustrial levels. The Science-Based Targets initiative is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund For Nature (WWF). It has already signed up over 4,000 companies, with Siegwerk being the first major international ink manufacturer to join the initiative.

Siegwerk has accelerated its commitment and action towards decarbonization rapidly, so joining SBTi is the next logical step,” said Alina Marm, global head of Sustainability and Circular Economy at Siegwerk. “We recognize the importance of adhering to the latest science when setting our decarbonization targets, and acknowledge the important role businesses play in mitigating climate change and our own impacts on the environment.”

Siegwerk is committed to setting science-based targets as well as net-zero targets, including a long-term science-based target. The company is expecting to submit these targets to the SBTi in the first half of 2023. In doing so, Siegwerk will be part of the business ambition for the 1.5°C campaign and the race to zero campaign, aiming to reduce emissions in line with a trajectory to keep the global temperature increase to 1.5°C.

As a leading inks and coatings manufacturer, Siegwerk uses its position in the packaging value chain to drive positive change beyond its own operations. Within its HorizonNow sustainability initiative, it has set seven ambitious measurable targets to be achieved by 2025. They are based on the United Nations Sustainable Development Goals (SDG) and touch all aspects of the business. These include, among others, achieving carbon neutral scope 1 and 2 emissions globally, establishing product environmental footprint data for 100% of Siegwerk products, and achieving a minimum gender representation at the executive level of 15 percent. In this way, Siegwerk clearly affirmed its position in pioneering sustainability and climate leadership for the industry.

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 , for editorial and for subscriptions

– Naresh Khanna

Subscribe Now


Please enter your comment!
Please enter your name here