SWITZERLAND – Swedish-Swiss multinational food packaging and processing company, Tetra Pak has been named as a European Climate Leader 2023 by the Financial Times, in recognition of the company’s progress in reducing greenhouse gas (GHG) emissions and its robust commitments to climate action.
The Financial Times with data experts Statista compiled the third edition of Europe’s Climate Leaders and whittled down thousands of companies to just 500 with the greatest reduction in their GHG emissions intensity.
The Financial Times says that in previous editions, the companies listed had been those that achieved the greatest reduction in their scope 1 and 2 GHG emissions over a five-year period.
For the first time, this year they have assigned a score to reflect their transparency on Scope 3 and other indicators of commitment to reducing emissions.
Each company on the list was assigned an individual score, which was calculated using information on the company’s volume of emissions, level of disclosure on these emissions and its reduction of emissions as a percentage.
Tetra Pak was ranked amongst the top 20% of the 500 companies listed, achieving a 54.3% absolute reduction of the Scope 1 and 2 emissions over a five-year period.
Tetra Pak president and CEO Adolfo Orive said: “The acknowledgment is a testament to the hard work and dedication of our team, suppliers, customers and other stakeholders.
“While we are proud of our achievements to date, we have plans to continue mitigating our environmental impact further – by decarbonizing our value chain, driving circular solutions while contributing to food system resilience and protecting biodiversity.
“All these actions are core to our purpose, as we commit to making food safe and available everywhere and we promise to protect what’s good – food, people and the planet.”
This development follows the news report that Tetra Pak had announced its most recent recycling initiatives are helping it to deliver a sustainable future.
It also claimed that the various recycling initiatives it has put in place are helping to keep valuable materials in use and out of landfill.
According to Tetra Pak’s 23rd Sustainability Report, the company has reduced its operational GHG emissions by 36%, with 80% of energy coming from renewable sources, doubling the solar energy capacity to 5.55MW.
The company also launched a pioneering land restoration initiative in Brazil, in collaboration with local NGO Apremavi in early 2022.
The aim is to restore up to 7,000 hectares of land by 2030 for biodiversity recovery, carbon capture and climate change mitigation.
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