Tetra Pak retains double ‘A’ score for efforts to fight climate change

Recognized by global environmental non-profit CDP

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Tetra Pak retains double ‘A’ score for efforts to fight climate change
Lars Holmquist, executive vice president, Sustainability & Communications at Tetra Pak

Tetra Pak has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for the third year running for tackling climate change and acting to protect forests, two of the three environmental themes covered by CDP. 

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$ 110 trillion in assets and 200 major purchasers with US$ 5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform. A record-breaking 13,000+ companies responded.

CDP uses a detailed and independent methodology to assess these companies, allocating a score of ‘A’ to ‘D,’ based on the comprehensiveness of disclosure, awareness, and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those who don’t disclose or provide insufficient information are marked with an ‘F.’ 

Tetra Pak on reducing GHG emissions 

CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy, and palm oil. Companies need to score an ‘A’ on at least one of these forest-risk commodities to earn a place on the Forests’ A-List. 

Lars Holmquist, executive vice president, sustainability & communications at Tetra Pak, said, “We believe that decarbonizing the food sector is vital in the race to net zero, and a key enabler for this ambitious goal is being transparent in our own actions. We’re delighted to be included in the CDP leadership band for the sixth time, as it recognizes we are taking the right steps on combating climate change and minimizing deforestation risks.”

“Last year, we pledged to reach net-zero GHG emissions in our own operations by 2030 while setting ourselves a net-zero ambition across the value chain by 2050. Our revised SBTi-approved target across all scopes 1, 2 & 3 means – amongst other things – reaching 46% GHG reduction across the value chain by 2030, in line with a 1.5°C pathway. This is what the latest climate science has told us is needed to prevent the most damaging effects of climate change, and we are fully committed to play our part.”

Paul Simpson, chief executive officer of CDP, said, “Many congratulations to all the companies on this year’s A-List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC’s sixth assessment report. The risk scale to businesses from climate change, water insecurity, and deforestation can no longer be ignored. We know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature-positive, and equitable world. Our A-List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”

 

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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