Siegwerk achieves Silver EcoVadis Medal

It continues to advance its mission to achieve sustainability targets by 2025

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Siegwerk has achieved Silver EcoVadis Medal
Siegwerk has achieved Silver EcoVadis Medal

Siegwerk, one of the leading global providers of printing inks and coatings for packaging applications and labels, has received the EcoVadis Silver Medal rating across all business units and regions. Siegwerk’s overall score is considered in the top 15% of companies manufacturing paints, varnishes and similar coatings, printing ink and mastics industry. This puts Siegwerk in a leading position with regard to sustainable business practices and solutions across the inks and coatings industry.

EcoVadis, with over 90,000 rated companies in its network, is the most trusted independent provider of business sustainability ratings. Given its prestige and reputation among suppliers and customers, a silver rating is an achievement for Siegwerk. The EcoVadis methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact and the ISO2600, covering 200 industries and more than 160 countries.

The EcoVadis assessment notes a particular strength in the company’s environmental performance. This is driven by the company’s strong sustainability management systems, emissions reduction targets, and circular packaging solutions developed and sold in the market.

Siegwerk’s sustainable approach toward the inks and coatings industry

The rating reflects the ambition Siegwerk sets in its 2025 sustainability initiative HorizonNow. By 2025, seven ambitious targets will be achieved, including carbon-neutral scope 1 and 2 emissions and 75% of sales from products and services enabling circular packaging. HorizonNow, with its clear targets, is aligned with the UN Sustainable Development Goals. Therefore, Siegwerk regards the EcoVadis score as an important benchmark to continue building on.

“The Silver Medal is a testimony to the effort and focus we have put on building a leading role in the realm of sustainable business practices in the inks and coatings industry. And we are proud of what the organization has achieved while still striving for ever-increasing sustainability in our operations and with our up- and downstream value chain partners,” said Alina Marm, company’s global head of Sustainability and Circular Economy.

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

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