Siegwerk achieves Silver EcoVadis Medal

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

61
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 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.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here