STOCK TITAN

Viatris 2023 Sustainability Report: Reducing Packaging Material

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

Viatris, a global healthcare company, has released its 2023 Sustainability Report highlighting efforts to reduce packaging materials. Key initiatives include:

  • Reducing paper use by 90 metric tons at oral-solid dose manufacturing sites
  • Cutting 2 metric tons of plastic and 5 metric tons of wood through bulk packaging optimization
  • Replacing 88 metric tons of plastic with polythene bags
  • Reducing plastic use by 18 metric tons through shrink bundle film optimization

The company is also exploring e-labeling, implementing PCTFE mitigation in blister packaging, and pursuing carton-less initiatives. Viatris is working on harmonizing packaging across markets, including the use of quadrilingual packs to reduce the need for individual language-specific bottles. In Cairo, Egypt, the facility has started reusing empty supply carton boxes, saving four tons annually.

Loading...
Loading translation...

Positive

  • None.

Negative

  • None.

News Market Reaction 1 Alert

-0.70% News Effect

On the day this news was published, VTRS declined 0.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NORTHAMPTON, MA / ACCESSWIRE / October 10, 2024 / Viatris is continuously looking for ways to reduce the volume and types of materials being used in packaging while safeguarding access to high-quality medicines and maintaining compliance with various regulatory and quality requirements around the world.

In 2023, teams across the organization worked together on various projects including:

  • Reducing the use of paper by 90 metric tons at our oral-solid dose manufacturing sites

  • Reducing 2 metric tons of plastic and 5 metric tons of wood through bulk packaging optimization

  • Replacing approximately 88 metric tons of plastic with polythene bags

  • Optimizing shrink bundle film to reduce use of plastics by 18 metric tons

  • Progressing work to replace leaflets on ARV bottle packs with QR codes, with a pilot study planned for 2024

  • Working to replace the existing polychlorotrifluoroethylene (PCTFE) based unit dose in accordance with proposed PFAS (per- and polyfluoroalkyl substances) directive issued by the European Chemical Agency

We are continuing work harmonizing bottle packaging artwork across different markets by using common packaging across multiple countries in multiple languages, including quadrilingual packs, when feasible. This means a single pack can have one label and leaflet (in pad form) that holds information in English, French, Portuguese and Spanish, for example, reducing the need to produce individual bottles for each language. This advances our previous work with trilingual packs that we implemented in 2022.

We are implementing a similar shared pack concept in Europe, which makes our packaging much leaner and gives us more flexibility in our supply chain to supply medicines where they are most needed. We remain committed to continue to work on this concept across more markets in Europe.

Looking ahead, we are exploring adopting e-labeling across other markets, implementing PCTFE mitigation in blister packaging across geographies, carton-less initiatives for technology transfer projects, and reducing paper layers used in shipping boxes.

At our facility in Cairo, Egypt, we started using empty supply carton boxes instead of buying new ones for use in the destruction process for returned expired products. The change has saved the facility four tons of carton boxes annually.

View the full 2023 Sustainability Report.

View additional multimedia and more ESG storytelling from Viatris on 3blmedia.com.

Contact Info:
Spokesperson: Viatris
Website: https://www.3blmedia.com/profiles/viatris
Email: info@3blmedia.com

SOURCE: Viatris



View the original press release on accesswire.com

FAQ

What packaging reduction initiatives did Viatris implement in 2023?

In 2023, Viatris implemented several packaging reduction initiatives, including reducing paper use by 90 metric tons at oral-solid dose manufacturing sites, cutting 2 metric tons of plastic and 5 metric tons of wood through bulk packaging optimization, replacing 88 metric tons of plastic with polythene bags, and reducing plastic use by 18 metric tons through shrink bundle film optimization.

How is Viatris (VTRS) addressing multilingual packaging requirements?

Viatris is harmonizing bottle packaging artwork across different markets by using common packaging across multiple countries in multiple languages. They have implemented quadrilingual packs, where a single pack can have one label and leaflet containing information in English, French, Portuguese, and Spanish, reducing the need for individual language-specific bottles.

What future packaging initiatives is Viatris (VTRS) exploring?

Viatris is exploring adopting e-labeling across other markets, implementing PCTFE mitigation in blister packaging across geographies, pursuing carton-less initiatives for technology transfer projects, and reducing paper layers used in shipping boxes. They are also planning a pilot study in 2024 to replace leaflets on ARV bottle packs with QR codes.

How has Viatris (VTRS) reduced packaging waste at its Cairo facility?

At its facility in Cairo, Egypt, Viatris has started using empty supply carton boxes instead of buying new ones for use in the destruction process for returned expired products. This change has saved the facility four tons of carton boxes annually.
Viatris Inc Ord Shs

NASDAQ:VTRS

VTRS Rankings

VTRS Latest News

VTRS Latest SEC Filings

VTRS Stock Data

13.83B
1.15B
0.28%
85.61%
3.48%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
Link
United States
CANONSBURG