Company advances sustainability and aspires to
Net Zero Greenhouse Gas emissions by 2050
ATLANTA, Aug. 14,
2024 /PRNewswire/ -- Graphic Packaging
International, LLC, a global leader in sustainable consumer
packaging, today announced its aspiration to achieve Net Zero
Greenhouse Gas emissions by 2050 in conjunction with the release of
its 2023 Environmental, Social and Governance report. The ESG
report outlines the company's Better, Every Day sustainability
strategy and plans for achieving its new Better by 2030
sustainability goals designed to drive more circularity in its
innovative paperboard consumer packaging, support a safe and
inclusive culture, and protect environmental resources.
"Our Vision 2030 business strategy marks an increased commitment
to sustainability, innovation, and our culture," said Graphic
Packaging President and CEO Michael P.
Doss. "This vision will advance our path toward global
leadership in sustainable consumer packaging and motivate us to
deliver products that are better for our customers, better for
consumers, and better for our planet."
As part of Graphic Packaging's Better, Every Day sustainability
program, the company aims to achieve Net Zero Greenhouse Gas
emissions by 2050, in accordance with the goals of the Paris
Agreement and UN Sustainable Development Goal 13. As a first step
in this journey, Graphic Packaging set and validated 1.5C aligned
near-term science-based targets through the Science Based Targets
Initiative in 2023. The company has a defined path to deliver
the SBTs, placing the company on a path to reach Net Zero emissions
by 2050.
"Establishing clear, actionable near-term targets is a critical
first step in achieving the GHG emissions reductions needed to
limit global warming," said Graphic Packaging Vice President and
Chief Sustainability Officer Michelle
Fitzpatrick. "As we look beyond 2032, we anticipate that
new, scalable carbon abatement innovations and evolving regulations
will provide the decarbonization solutions needed to define our
longer-term path to Net Zero GHG emissions."
While working on achieving near-term targets through actions
like its recent renewable electricity virtual power purchase
agreement in Europe, Graphic
Packaging will continue to explore the viability of emerging
technology options to address the harder-to-abate thermal energy
GHG emissions generated by heavy manufacturing environments.
Highlights from Graphic Packaging's 2023 ESG report include:
Better Packaging
- ~450 million plastic packages replaced with paperboard in
Europe
- ~665 million foam cups replaced with paper cups in North America
- 100+ new packaging patents filed
Better for People
- 28% women in global workforce
- 34% ethnic diversity in the United
States workforce
- 0.98 total recordable incident rate, 46% below AF&PA U.S.
industry benchmark
Better Future
- 68% renewable fuel used
- 89% forest products sustainably sourced
- 98% paperboard waste recycled
"Graphic Packaging is enabling a renewable future by making
life's everyday moments better, every day," said Fitzpatrick. "As
we work towards our new, more ambitious vision for the future, our
commitment to sustainability and operating responsibly remains a
throughline of our work."
Graphic Packaging reports in accordance with the Global
Reporting Initiative and Sustainable Accounting Standards Board
Containers and Packaging standards along with providing information
aligned with the Taskforce for Climate-Related Financial
Disclosures framework and the United Nations Global Compact
Communication on Progress.
Download the full 2023 ESG Report at:
https://www.graphicpkg.com/custom-content/uploads/2024/08/2023_ESG_Report.pdf
Learn more about the global trends underpinning our ESG
strategy:
https://www.graphicpkg.com/news-events/inside-graphic-packagings-2023-esg-report/
About Graphic Packaging International, LLC
Graphic
Packaging International, LLC, is the primary operating subsidiary
of Graphic Packaging Holding Company (NYSE: GPK), headquartered in
Atlanta, Georgia. Graphic
Packaging designs and produces consumer packaging, made primarily
from renewable or recycled materials. An industry leader in
innovation, the Company is committed to reducing the environmental
footprint of consumer packaging. Graphic Packaging operates a
global network of design and manufacturing facilities serving the
world's most widely recognized brands in food, beverage,
foodservice, household, and other consumer products. Learn more at
www.graphicpkg.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/graphic-packaging-publishes-2023-esg-report-announces-2050-net-zero-goal-302222408.html
SOURCE Graphic Packaging Holding Company