16:25 | 17/12/2020 Companies
Tetra Pak has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious A List for tackling climate change, as well as acting to protect forests – two of the three environmental themes covered by CDP. Tetra Pak is the only company in the carton packaging sector to be included in the CDP leadership band for five years in a row and to score an outstanding double ‘A’ for climate and forests in 2020.
Tetra Pak is part of a very small number of companies (1%) that achieved a double ‘A’ score, out of 5,800+ companies that were scored based on data submitted through CDP’s questionnaires in 2020. Through significant demonstrable action on climate and deforestation risks, the company is leading on corporate environmental ambition, action and transparency worldwide.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest number ever.
|The company also set an ambition for net zero emissions across the value chain by 2050, supported by a 2030 target of net zero emissions in its operations|
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy and palm oil. Companies need to score an ‘A’ on at least one of these forest-risk commodities to earn a place on the Forests A List.
Markus Pfanner, Vice President Sustainability, Tetra Pak, commented: “Transparent disclosure is at the core of how we measure and improve our sustainability performance. This recognition – a first in the carton packaging sector – is a result of our continuous efforts to reduce GHG emissions and meet ambitious climate targets, to take action in protecting and enhancing biodiversity and to strengthen responsible sourcing of raw materials. Earlier this year, we set an ambition for net zero emissions across the value chain by 2050, supported by a 2030 target of net zero emissions in our own operations.”
“This is another key step in our journey towards the ultimate sustainable food package, fully made from renewable or recycled materials. The ultimate sustainable food package is convenient and safe, enabling a resilient food system, and is fully recyclable and carbon-neutral. Creating this future food package will not be easy and will also not happen overnight. Being recognised as a sustainability leader by CDP, we remain fully committed towards this goal.”
Paul Simpson, CEO of CDP, said: “We extend our congratulations to all of the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”