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 theU.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. andCanada
“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:
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
Contact Information
Vice President of Investor Relations & Communications
lisa.weeks@sonoco.com
843-383-7524
Source:
2024 GlobeNewswire, Inc., source