GlobalData offers a comprehensive analysis of Graham Packaging Company, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Graham Packaging Company‘s ESG performance. GlobalData’s company profile on Graham Packaging Company offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Graham Packaging Company, a global packaging company with facilities across North America, Europe, and South America, has set target for net zero by 2050 to minimize its environmental impact and the company is committed to reducing its greenhouse gas (GHG) emissions. Graham Packaging aims to reduce emissions in scope 1 (direct emissions from owned or controlled sources), scope 2 (indirect emissions from purchased energy generation), and scope 3 (indirect emissions in the value chain) categories. In 2022, the company reported scope 1 emissions at 26,254 (tCO2e), scope 2 at 385,373 (tCO2e) and scope 3 at 1,271,218 (tCO2e). The carbon intensity was 2.32 (scope 1+2+3 tCO2e/t produced). In 2022, there was a 17% reduction in scope 1 emissions and a 10% decrease in scope 2 emissions compared to 2021.
Company targets a 30% reduction in greenhouse gas emissions by the end of 2030 compared to the 2020 baseline. The company has already taken steps to reduce its carbon emissions and has made progress in this area. Compared to the previous year, Graham Packaging has reduced its total energy consumption by 3% and sourced 4% of its global electricity from renewable sources. Additionally, the company has aligned the Global Warming Potential (GWP) of refrigerants to the IPCC Fifth Assessment Report (AR5). These efforts have contributed to a reduction in GHG emissions by 6% in 2022.
Graham Packaging is committed to a long-term strategy for climate change mitigation. The company aims to be net-zero by 2050, aligning with the goals of the Paris Agreement to reduce global greenhouse gas emissions to limit the global temperature increase in this century to 2°C. To track its progress, Graham Packaging has shifted to science-based targets and follows the GHG Protocol for reporting emissions. The company reports emissions of carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O).
In addition to emission reduction efforts, Graham Packaging is also focused on waste management. The company aims to divert waste from disposal and reduce landfilling. In 2022, 72% of its waste was recycled or incinerated, while 28% was sent to landfills. Graham Packaging is actively engaged in partnerships and collaborations to drive sustainability initiatives. The company works with organizations such as the Ellen MacArthur Foundation, The Recycling Partnership, and the Sustainable Packaging Coalition to promote meaningful action around sustainability.
Overall, Graham Packaging Company is committed to building a sustainable future by reducing its carbon emissions, prioritizing waste management, and collaborating with industry partners. The company's efforts align with global sustainability goals and demonstrate its commitment to environmental stewardship.
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