Daily Newsletter

04 December 2023

Daily Newsletter

04 December 2023

SBTi approves LC Packaging’s GHG emission reduction targets

The set targets include a reduction of scope 1, 2, and 3 GHG emissions by 50% by 2030.

Jangoulun Singsit December 01 2023

Packaging manufacturer LC Packaging has received approval for its greenhouse gas (GHG) emission reduction targets from the Science Based Targets initiative (SBTi).

The company’s targets cover its full operations and value chain, including the direct (scope 1) and indirect emissions (scope 2 and 3) of all its sales offices and warehouses, as well as its flexible intermediate bulk container production facilities Dutch-Bangla Pack in Bangladesh and LC Shankar in South Africa.

In line with the Paris Agreement's 2015 target, LC aims to reduce GHG emissions across its value chain by 50% by the end of this decade.

The company has pledged to a 50% reduction in absolute scope 1 and 2 GHG emissions by 2030, with 2021 as the base year.

The company also committed to reducing its absolute scope 3 GHG emissions by 50% by 2030.

LC also said that it will not emit more than 138,837 tonnes of carbon dioxide equivalent in its value chain by the end of this decade.

LC CEO Lucas Lammers said: “By setting a science-based target, we can be sure our efforts are credible and ambitious enough to make the necessary contribution to mitigate climate change.”

Global body the SBTi helps companies set emission reduction targets in line with the latest climate science research.

In July this year, the body approved the net-zero science-based commitments of aseptic carton packaging supplier SIG.

Global food packaging industry witnessing an uptick in demand for personalized packaging

In 2022, flexible packaging was the most used pack material, followed by rigid plastics. Dairy & soy food was the leading sector, while prepared meals sector is forecast to register the fastest growth during 2022–27, per GlobalData. Personalized packaging is becoming popular as consumers appreciate products tailored to their needs or preferences.

Non-Alcoholic Beverages Packaging Industry Dynamics

In 2022, the soft drinks sector held the largest non-alcoholic beverages packaging market share, while the hot drinks sector is forecasted to register the fastest growth during 2022–27. Rigid plastics are usually a preferred choice in the non-alcoholic beverages industry because of their portability, convenience, and lightweight nature that facilitate on-the-go consumption.

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