PwC will help AGI Greenpac meet ESG goals

AGI Greenpac appoints Ashwin Joshi as sustainability head

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AGI Greenpac wastewater recycling and reverse osmosis (RO) plant. Photo: AGI Greenpac
AGI Greenpac wastewater recycling and reverse osmosis (RO) plant. Photo: AGI Greenpac

AGI Greenpac, a leading packaging company, has announced its strategic partnership with PricewaterhouseCoopers (PwC) to strengthen and streamline its environment, social and governance (ESG) goals to deliver on the company’s longstanding commitment to being a responsible and environmentally-conscious business.

Under this strategic partnership, PwC will offer ESG professional services and help AGI Greenpac innovate, develop and implement new management systems that meet and exceed compliance across environmental and safety aspects relating to all business operations and activities. The company will be working on a set of ESG-related improvement initiatives such as carbon footprint reduction, raw material sourcing, labor management, chemical safety, board diversity, remuneration, ownership and reporting, among others.

To build a comprehensive ESG strategy and implementation plan, AGI Greenpac wants to understand the current ecosystem better, evaluate existing market practices and take steps to minimize and delete the gaps in the company. 

PwC has tailored the ESG strategic framework to deliver a diagnostic benchmarking study for AGI Greenpac, to drive growth by identifying gaps and designing a roadmap to meet customer and stakeholder expectations. As AGI Greenpac continues to drive its expansion plans, the company’s environmental impact remains a key priority. It aims to minimize its carbon footprint and increase the use of renewable energy by 2030.

AGI Greenpac has appointed Ashwin Joshi as a sustainability head, and together with PWC, he will be driving the company’s impact and sustainability strategy forward. He will partner with the senior leadership team to help integrate sustainability across AGI Greenpac’s business strategies. Ashwin has 18 years of experience in renewable energies, energy management and audit, carbon footprint mapping and mitigation and project management, among others.

Rajesh Khosla, CEO and president, AGI Greenpac, said, “Sustainability lies at the heart of AGI Greenpac’s operations, and we strongly believe it to be the fundamental philosophy for better business without neglecting financial or economic viability. Our partnership with PwC will help us achieve a robust sustainability program aligned with our core values. It will enhance our ability to achieve better returns across the market for all stakeholders and drive meaningful contribution to the natural and social environment.”

Sambitosh Mohapatra, ESG Platform Leader, PWC, said, “Integrating ESG into an organization’s strategy, operations and supply chain helps them on their path towards sustainability and creates long-term value pools, especially in the packaging industry. Our program will drive specific outcomes and will follow leading practices in accordance with ESG frameworks and set them in motion to achieve the company’s sustainability goals, enhance stakeholder trust and contribute to the UN SDGs seamlessly.”

The company has installed a wastewater recycling and reverse osmosis (RO) plant and uses renewable energy sources in the manufacturing process across businesses. Additionally, under its brand AGI Glaspac, it plans to use 35 per cent recycled glass in its production. The company has also invested in an Electrostatic Precipitation System to monitor and reduce nitrogen oxides (NOx) and sulfur oxides (SOx) exhaust from the chimneys. Under its sustainability goals, the company aims to minimize its carbon footprint and use substantial renewable energy by 2030.

Recently, AGI Glaspac (Packaging unit of AGI Greenpac) commissioned a specialty glass manufacturing facility in Bhongir, which has a combined capacity to process 154 metric tons and produce about 70 lakh bottles and containers per day. The Greenfield facility will manufacture high-end glass bottles for cosmetics, vials, perfumery, pharmaceuticals, premium spirits, food and beverages, water bottles and candle jars.

AGI Greenpac is India’s leading packaging products company that manufactures and markets various packaging products, including glass containers and specialty glass and polyethylene terephthalate (PET) bottles and products, and security caps and closures.

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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