Flexible packaging producer Constantia Flexibles has pledged to achieve net-zero emissions by 2050 as per the Science Based Targets Initiative’s (SBTi) standards.
The SBTi is a partnership between the Carbon Disclosure Project, the UN Global Compact, World Resources Institute, and the World Wide Fund for Nature.
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It drives climate action in the private sector by assisting participating organisations with science-based emission-reduction targets.
Constantia is headquartered in Austria and is claimed to be the third-largest producer of flexible packaging across the globe.
It operates a network of 30 sites across 16 countries, manufacturing custom packaging solutions.
It employs approximately 8,530 people and serves clients from the consumer and pharma industries.
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By GlobalDataConstantia CEO Pim Vervaat said: “We are pleased to announce this commitment and to join other organisations in leading the fight against climate change.
“Sustainability has always been a part of our DNA therefore we continue to invest in the development of more sustainable packaging solutions, with a focus on a circular economy.”
The company already has an approved science-based greenhouse gas (GHG) emissions reduction target since 2018. It aims to cut GHG emissions across all three scopes by 24% by 2030.
Vervaat added: “In order to remain at the forefront of sustainability, it was time to update our target to reflect the need to limit global warming to 1.5°C and achieve net-zero emissions by 2050.
“We therefore have decided to increase the ambition of our target and have committed to setting a science-based net-zero target in all three scopes within the next two years.”
Earlier in August this year, an affiliate of US-based private equity company One Rock Capital Partners signed a definitive agreement with French investor Wendel to acquire Constantia.
