Brambles Delivers Important ESG Achievements in the First Year of Its 2025 Sustainability Targets
September 29 2021 - 10:00AM
Business Wire
The global supply chain solutions leader
achieved carbon neutrality for its own operations and launches its
first pallet made of 100% post-consumer plastic on the path to a
regenerative future
Brambles, the global supply chain solutions company operating in
60 countries through the CHEP brand, has released its annual
Sustainability Review, which reports on its material Environmental,
Social and Governance (ESG) issues and achievements for the
financial year ending June 30, 2021.
Having successfully completed its 2020 sustainability
strategy—meeting its key objectives—this time last
year, Brambles announced its new 2025 Sustainability targets and
ambition to ”Pioneer Regenerative Supply Chains”, based on a
”Planet Positive, Business Positive and Communities Positive”
strategy. Just 12 months into the program, Brambles’ Sustainability
Review highlights tangible achievements which show great progress
toward a net-positive future:
- Brambles is now a carbon-neutral operations business:
The company’s net CO2 emissions have been offset across scope 11
and scope 22 by investing in reforestation projects and procurement
of renewable electricity. This milestone supports Brambles’
commitment to a 1.5-degree climate future, aligns with the highest
level of ambition on the 2015 Paris Climate Agreement, and
demonstrates early action on its decarbonization pathway3. As part
of the Planet Positive targets, Brambles has also maintained 100%
sustainable sourcing of timber and has enabled the transformation
of more forestry markets to Chain of Custody (CoC)
certification;
- Brambles achieved 32% of women in management roles:
Workplace Positive targets include rolling out inclusivity,
wellbeing-at-work and accessibility initiatives, as well as a
commitment to at least 40% of management roles being held by women
and doubling the number of women in its plants by 2025;
- Brambles is a Top Employer® in 17 countries: Progress
toward Workplace Positive targets was also achieved
with Brambles being recognized as a Top Employer® in 17 countries,
including the U.S., and across four regions, illustrating the
company’s commitment to its staff and to creating an inclusive and
rewarding work environment. Brambles’ ambition is to extend this
certification to as many countries as possible and be recognized as
Global Top Employer; and
- Brambles continues to deliver to communities when they need
it most: Communities Positive is the third pillar of the
2025 sustainability strategy and is essential for Brambles' wider,
positive contribution to society. Brambles’ in-kind equipment
donations helped provide more than 17,400,000 people with meals via
its food rescue partners across the globe in FY21. Finally, around
100,000 people were positively impacted through the company’s
circular economy communications, training and advocacy
efforts.
In the words of Graham Chipchase, Brambles’ CEO, “In our new
five-year sustainability strategy, Brambles charts a clear course
toward a truly regenerative supply chain, with reuse, resilience
and regeneration as our core tenets. This pioneering vision has
enabled our business to create value in an environment where change
is an ongoing certainty. These early results show that our strategy
is not just about words, but about actions. Every achievement is a
concrete step closer to a net-positive future.”
Brambles’ share and reuse model already offers many
environmental savings to customers' supply chains in comparison to
single-use alternatives. In the last year, Brambles’ solutions have
helped its customers achieve the following savings4:
- 2.4 million metric tons of CO2 - equivalent to the CO2 emitted
by 454,500 homes1 in one year;
- 3,160 megaliters of water - or approximately 1,240 Olympic
sized pools;
- 3.1 million cubic meters of wood;
- 3.2 million trees; and
- 1.4 million metric tons of waste.
Brambles is recognized as a global sustainability
leader
Brambles’ sustainability credentials and performance continue to
be recognized as world leading. Barron’s Magazine, published by Dow
Jones, named Brambles the second most sustainable company globally
in 2021, and Corporate Knights rated the company 18th in their
Global 100 list of most sustainable corporations in the world. MSCI
awarded Brambles the maximum AAA rating in its ESG assessment and
ranked the company in the top 4% of all companies assessed.
Equally, the CDP gave the company a A- in its Forests
submission.
The Group also achieved an overall A- rating in the Ellen
MacArthur Foundation’s Circular Economy Assessment Tool,
Circulytics, and is notably one of the major private sector
partners instrumental in developing the tool and promoting the many
business benefits of transitioning from a linear to a circular
model.
Note to editors
Explore Brambles’ 2021 Sustainability Review on
brambles.com/sustainabilityreview2021
Explore Brambles’ 2021 Annual Report on:
brambles.com/2021annualreport
About Brambles Limited (ASX:BXB): Brambles helps move
more goods to more people, in more places than any other
organization on earth. Its pallets and containers form the
invisible backbone of the global supply chain and the world’s
biggest brands trust us to help them transport their goods more
efficiently, sustainably and safely. As pioneers of the sharing
economy, Brambles created one of the world's most sustainable
logistics businesses through the share and reuse of its platforms
under a model known as ‘pooling’. Brambles primarily serves the
fast-moving consumer goods (e.g. dry food, grocery, and health and
personal care), fresh produce, beverage, retail and general
manufacturing industries. The Group employs approximately 12,000
people and owns approximately 345 million pallets and containers
through a network of more than 750 service centers. Brambles
operates in approximately 60 countries with its largest operations
in North America and Western Europe. For further information,
please visit www.brambles.com
1 Scope 1 carbon emissions refers to direct emissions generated
from the burning of fuel. 2 Scope 2 refers to indirect emissions
resulting from the production of electricity that is purchased. 3
Brambles will provide an update on its commitment to a
Science-Based Target, which addresses emissions in our supply
chain, predominantly third-party transport and subcontractors’
operations and new timber for pallets, in the lead up to the COP26
Climate talks in November. 4 Equivalence provided by the United
States Environmental Protection Agency.
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version on businesswire.com: https://www.businesswire.com/news/home/20210929005152/en/
Raluca Chiriacescu Vice President, Investor Relations +44
7810 658 044 raluca.chiriacescu@brambles.com
Víctor Collado Director, Corporate Communications Europe,
Africa, India & Middle East +34 659 691 864
victor.collado@brambles.com
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