Siegwerk, a global leader in printing inks for packaging and labels, has released its 2023 Sustainability Report, outlining its performance and progress towards its sustainability targets.
The report details Siegwerk’s commitment to innovation in safe, circular, and digital packaging solutions, aiming to shape the future of sustainable packaging, including the details of its 2025 sustainability targets.
Go deeper with GlobalData
The company said its main objective is to ensure that a minimum of 75% of its products or services sold by 2025 contribute to the reduction, reuse, and recycling of packaging.
The company has set an ambitious target of achieving net-zero emissions by 2050, a goal validated by the Science Based Target initiative.
In 2023, Siegwerk achieved a 9% decrease in scope 1 and 2 greenhouse gas emissions from the baseline year 2020.
The report further outlines the company’s sustainable business strategy, ‘HorizonNOW’ and its companywide implementation will be overseen by Siegwerk’s established team.
Siegwerk is also preparing to launch a Supplier Sustainability Programme in 2024, which will focus on carbon reduction and adherence to the UN Global Compact Principles.
This programme will build on existing supplier diligence actions such as raw material introduction processes, regular supplier meetings, and audits, contributing to technological and supply reliability in the face of challenging supply chains.
Siegwerk Global Sustainability and Circular Economy head Alina Marm said: “Siegwerk’s commitment to sustainability extends beyond mere compliance; we are weaving it into the fabric of our corporate ethos.
“Sustainability leadership begins with transparency, and it requires taking the long view and being willing to take short-term risks in order to achieve long-term results. We believe that sustainability is a business imperative, and we are fully committed to ´walking the talk´ in this regard.”
Last year, Siegwerk partnered with three industry partners to launch a new project, called ‘SleeveConnect’ to collaboratively develop a sustainable bottle packaging solution.
