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Sonoco, a global sustainable packaging company, released its 2023 Corporate Sustainability Report detailing progress on ESG initiatives. The report highlights an 8% YOY decrease in greenhouse gas emissions, a Virtual Power Purchase Agreement, the formation of the Poly Coated Paper Alliance, redesigned packaging for recyclability, and support for diverse suppliers.
Sonoco, un'azienda globale di imballaggi sostenibili, ha pubblicato il suo Rapporto di Sostenibilità Corporativa 2023 che dettaglia i progressi sulle iniziative ESG. Il rapporto evidenzia una riduzione annuale dell'8% delle emissioni di gas serra, un Accordo di Acquisto di Energia Virtuale, la formazione dell'Alleanza per la Carta Rivestita in Polimero, il ridisegno degli imballaggi per la riciclabilità e il sostegno ai fornitori diversificati.
Sonoco, una empresa global de empaques sostenibles, publicó su Informe de Sostenibilidad Corporativa 2023, detallando el progreso en iniciativas de ESG. El informe destaca una disminución del 8% interanual en las emisiones de gases de efecto invernadero, un Acuerdo de Compra de Energía Virtual, la formación de la Alianza de Papel Revestido de Polímero, el rediseño de empaques para su reciclabilidad y el apoyo a proveedores diversos.
지속 가능한 포장 회사인 소노코가 2023년 기업 지속 가능성 보고서를 발표하여 ESG 이니셔티브의 진행 상황을 상세히 설명했습니다. 이 보고서는 온실 가스 배출량이 연간 8% 감소했으며, 가상 전력 구매 계약, 폴리 코팅된 종이 연합의 구성, 재활용 가능성을 위한 포장 디자인 개선 및 다양한 공급업체에 대한 지원을 강조합니다.
Sonoco, une entreprise mondiale d'emballages durables, a publié son Rapport de Durabilité d'Entreprise 2023, détaillant les progrès réalisés sur les initiatives ESG. Le rapport met en évidence une diminution annuelle de 8 % des émissions de gaz à effet de serre, un Accord d'Achat Virtuel d'Énergie, la formation de l'Alliance pour le Papier Enduit de Polymère, la redéfinition des emballages pour leur recyclabilité et le soutien aux fournisseurs diversifiés.
Sonoco, ein weltweit tätiges Unternehmen für nachhaltige Verpackungen, veröffentlichte seinen Corporate Sustainability Report 2023, der Fortschritte bei ESG-Initiativen darlegt. Der Bericht hebt eine 8% jährliche Reduzierung der Treibhausgasemissionen hervor, ein virtuelles Stromkaufabkommen, die Gründung der Poly-Coated Paper Alliance, die Neugestaltung von Verpackungen für die Recycelbarkeit und die Unterstützung für diverse Lieferanten.
Positive
Achieved 8% year-over-year decrease in greenhouse gas emissions
Formed a Virtual Power Purchase Agreement with ENGINE
Co-founded the Poly Coated Paper Alliance for recycling
Redesigned packaging for recyclability
Introduced EnviroFlex® Paper for curbside recyclable flexible packaging
Launched Doing Safety Differently initiative
Supported diverse suppliers with over 10% of total spend in the U.S. and Canada
Negative
None.
HARTSVILLE, S.C., April 23, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, today released its 2023 Corporate Sustainability Report which highlights progress made in support of its environmental, social and governance (ESG) initiatives.
This report was prepared in reference to the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Containers and Packaging 2018 Sustainability Accounting Standard. The report also follows the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and details the Company’s progress on initiatives to reduce greenhouse gas emissions and energy usage by 2030 in line with the Science Based Targets initiative, which aligns with the Paris Climate Agreement. Recent achievements highlighted in the report include:
Achieved 8% year-over-year (YOY) decrease in greenhouse gas (GHG) emissions driven by projects across our facilities globally geared towards energy and emissions reduction
Continued our commitment to GHG reduction through a Virtual Power Purchase Agreement (VPPA) with ENGINE
Co-founded the Poly Coated Paper Alliance (PCPA), an industry collaboration focused on widespread recycling of poly-coated paper in the U.S.
Redesigned our iconic stacked chip package to allow for greater recyclability
Introduced our EnviroFlex® Paper solution for curbside recyclable flexible packaging.
Launched our Doing Safety Differently initiative
Continued our commitment to support diverse suppliers with over 10% of total supplier spend in the U.S. and Canada
“Sonoco continues our commitment to promoting accountability and transparency by communicating and engaging regularly with our stakeholders about our sustainability efforts. We continued to make progress during the year toward our sustainability and corporate responsibility goals, which are designed to advance Sonoco’s purpose: Better Packaging. Better Life.®,” said Howard Coker, President and CEO. “Sonoco’s achievements in 2023 were made possible by our dedicated employees around the world who work hard to keep our commitments to customers, shareholders, suppliers and communities. I want to thank them and all our stakeholders for your efforts and support of our sustainability and corporate responsibility goals.”
For detailed information on the frameworks and guidelines used to measure and report on the economic, environmental, social and governance standards, download our 2023 Corporate Sustainability Report at https://www.sonoco.com/na/sustainability/impact/reports.
About Sonoco Products Company With net sales of approximately $6.8 billion in 2023, the Company has approximately 23,000 employees working in more than 300 operations around the world, serving some of the world’s best-known brands. With our corporate purpose of Better Packaging. Better Life., Sonoco is committed to creating sustainable products and a better world for our customers, employees and communities. Sonoco was named one of America's Most Responsible Companies by Newsweek. For more information on the Company, visit our website at sonoco.com.
Contact Information Lisa Weeks Vice President of Investor Relations & Communications lisa.weeks@sonoco.com 843-383-7524
FAQ
What does Sonoco's 2023 Corporate Sustainability Report highlight?
Sonoco's 2023 Corporate Sustainability Report highlights progress made in support of its environmental, social, and governance initiatives.
What is the achievement mentioned in the report regarding greenhouse gas emissions?
The report mentions an 8% year-over-year decrease in greenhouse gas emissions.
What industry collaboration did Sonoco co-found?
Sonoco co-founded the Poly Coated Paper Alliance (PCPA), focused on recycling poly-coated paper in the U.S.
What new packaging solution did Sonoco introduce?
Sonoco introduced EnviroFlex® Paper for curbside recyclable flexible packaging.
How much of Sonoco's total supplier spend in the U.S. and Canada supports diverse suppliers?
Over 10% of Sonoco's total supplier spend in the U.S. and Canada supports diverse suppliers.
a global supplier of innovative packaging solutions, bringing more to packaging than just the package. about us: founded in 1899, sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. with annualized net sales of approximately $4.8 billion, we have 20,000 employees working in more than 300 operations in 33 countries, serving some of the world's best known brands in some 85 nations. for more information about us, visit www.sonoco.com. what we do: sonoco is the world's largest producer of paperboard containers, and a leading manufacturer of tubes and cores; convenience closures; consumer and industrial thermoformed plastic packaging; engineered molded and extruded plastic products; protective, temperature and retail assurance packaging. awards and accolades: third-party organizations regularly recognize us for our corporate citizenship. we've been listed in the dow jones sustainability
