Aptar Named a CDP Supplier Engagement Leader for the Fourth Consecutive Year
AptarGroup, Inc. (NYSE: ATR) has been recognized for its emissions reductions efforts and named to the CDP Supplier Engagement Leaderboard for the fourth consecutive year. Aptar received an 'A' supplier engagement rating, surpassing the global and sector averages. The company collaborates with suppliers to reduce emissions and promote sustainability, with a focus on environmentally conscious supply chain practices.
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AptarGroup, Inc. (NYSE: ATR) named to CDP Supplier Engagement Leaderboard for the fourth year in a row.
Received an 'A' supplier engagement rating, higher than global and sector averages.
Collaborates with suppliers to reduce emissions and promote sustainability.
Focuses on environmentally conscious supply chain practices.
03/20/2024 - 05:00 PM
Recognized for Emissions Reductions Through its Supply Chain
CRYSTAL LAKE, Ill. --(BUSINESS WIRE)--
AptarGroup, Inc. (NYSE: ATR), a global leader in drug and consumer product dosing, dispensing and protection technologies, was named to the CDP Supplier Engagement Leaderboard, for the fourth consecutive year. Aptar is among over 450 companies that have made it onto CDP’s most recent Supplier Engagement Leaderboard based on its 2023 CDP disclosure and was cited for its contributions to emissions reductions throughout the value chain.
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Graphic: Aptar is a 2023 CDP Supplier Engagement Leader (Graphic: Business Wire)
CDP evaluates an organization’s engagement with their suppliers on climate change. Purchasing organizations have the potential to incentivize significant environmental changes through engagement with their suppliers. By evaluating supplier engagement and recognizing best practice, CDP aims to accelerate global action on supply chain emissions.
Aptar received an ‘A’ supplier engagement rating which is in the leadership band and higher than the Global average of ‘C’, and higher than the plastic product manufacturing sector average of ‘C’. As a part of Aptar’s global sustainability strategy, the Company collaborates with thought leaders to cultivate an innovative supply chain that is both socially inclusive and environmentally conscious, to meet customer and consumer needs.
In recent years, Aptar has worked with suppliers to strategize around emission reduction that affects Aptar’s validated science-based targets within its Carbon Transition Plan. More than 90% of Aptar’s total emissions are scope 3 emissions, and of that, more than 80% are from purchased goods and services - raw materials (namely plastics). For this reason, Aptar collaborates with suppliers, especially those supplying raw materials, to identify lower-carbon options and source materials with more recycled content and more recyclable materials in the design of our products.
Aptar’s Purchasing teams work closely with their suppliers through one-on-one collaboration and through discovery sessions that are hosted during Aptar’s Global Supplier Summit. The summit provides further opportunity to align on Aptar’s Sustainability strategy and vision for the future. In addition to the focus on a more environmentally sustainable supply chain, Aptar has a Supplier Diversity Program that is expanding Aptar’s network of diverse supply chain partners. New in 2023, Aptar released a Supplier Sustainability Playbook to give suppliers information to fulfill the Company’s expectations on sustainability and collaboration in these key areas.
“Our fourth consecutive year as a CDP Supplier Engagement Leader reflects the strong collaboration between our Sustainability, Innovation and Purchasing teams where we strategically align with suppliers that are participating in our Supplier Screening process through platforms like EcoVadis,” said Beth Holland, Aptar’s Chief Sustainability Officer. “Our sustainability efforts also provide us a competitive advantage in the marketplace, as many of our products are fully recyclable, made from more sustainable materials, or in some cases, reusable. Our company is run in a sustainable manner with more than 90% of our energy coming from renewable sources and over 60% of our facilities certified as landfill free through our internal program.”
CDP’s annual Supplier Engagement Rating (SER) evaluates corporate supply chain engagement on climate issues. By engaging their suppliers on climate change they are playing a crucial role in the transition towards the net-zero sustainable economy. The highest-rated companies are celebrated on CDP’s Supplier Engagement Rating Leaderboard . For more information on Aptar’s ESG progress, including our responsible supply chain efforts, visit aptar.com/esg/ .
About Aptar
Aptar is a global leader in drug and consumer product dosing, dispensing and protection technologies. Aptar serves a number of attractive end markets including pharmaceutical, beauty, food, beverage, personal care and home care. Using market expertise, proprietary design, engineering and science to create innovative solutions for many of the world’s leading brands, Aptar in turn makes a meaningful difference in the lives, looks, health and homes of millions of patients and consumers around the world. Aptar is headquartered in Crystal Lake, Illinois and has over 13,000 dedicated employees in 20 countries. For more information, visit www.aptar.com .
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Investor Relations Contact:
mary.skafidas@aptar.com
Media Contact:
katie.reardon@aptar.com
Source: AptarGroup, Inc.
What is AptarGroup, Inc.'s ticker symbol?
The ticker symbol for AptarGroup, Inc. is ATR.
How many years has AptarGroup, Inc. been named to the CDP Supplier Engagement Leaderboard?
AptarGroup, Inc. has been named to the CDP Supplier Engagement Leaderboard for four consecutive years.
What rating did AptarGroup, Inc. receive for supplier engagement?
AptarGroup, Inc. received an 'A' supplier engagement rating.
What percentage of AptarGroup, Inc.'s total emissions are scope 3 emissions?
More than 90% of AptarGroup, Inc.'s total emissions are scope 3 emissions.
What is the focus of AptarGroup, Inc.'s global sustainability strategy?
AptarGroup, Inc.'s global sustainability strategy focuses on cultivating an innovative supply chain that is socially inclusive and environmentally conscious.
