PwC will help AGI Greenpac meet ESG goals

AGI Greenpac appoints Ashwin Joshi as sustainability head

185
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 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

LEAVE A REPLY

Please enter your comment!
Please enter your name here