Pactiv Evergreen Releases Environmental Social Governance (ESG) Report
16 Novembre 2023 - 3:28PM
Today, Pactiv Evergreen Inc. (NASDAQ: PTVE) released
its latest Environmental, Social and Governance (“ESG”)
Report, 'Packaging a Better Future,' sharing progress toward
the Company’s ambitious goals in 2021 and 2022. The report
highlights advancements across the Company's three strategic ESG
pillars – Protect Our Planet’s Resources, Deliver Sustainable
Products Essential to Consumers and Value Our People and
Communities, supported by strong ESG governance practices.
“Our commitment to sustainability is foundational
to our Purpose of Packaging a Better Future and is guided by our
Value to Do What’s Right to deliver sustainably manufactured
products with ethics and integrity,” said Mike King, President and
Chief Executive Officer of Pactiv Evergreen. “Every day we strive
to operate with respect for the environment and are dedicated to
sustainability across our product portfolio, manufacturing and
supply chains.”
Planet Pillar HighlightsPactiv
Evergreen believes in reducing emissions and energy use,
protecting the sustainability of our forests, minimizing water
use, decreasing waste going to landfill and fostering environmental
stewardship across the enterprise. Highlights include:
- Reducing Energy Use and
Emissions: Reduced Scope 1 and 2 greenhouse gas emissions
by 21% from 2015 to 2022. In 2022, we committed to set
science-based targets for greenhouse gas emissions reductions with
the goal to achieve Net Zero emissions by 2050.
- Sustainable Forestry:
Established and made progress towards three new goals that support
responsible forest management. In 2022, more than 99% of fiber
sourced to make our paper products met fiber sourcing standards,
and 100% of our applicable facilities in North America were
chain-of-custody certified.
- Operational
Excellence: Selected over 100 Sustainability Champions
dedicated to supporting our goals in our facilities and driving
sustainability excellence across the enterprise.
- Keeping Plastic Out of the
Environment: 100% of applicable facilities signed the
Operation Clean Sweep pledge.
Products Pillar HighlightsPactiv
Evergreen is committed to offering a wide array of
sustainable products and materials to meet our customers’
needs, designing innovative materials and products, and
collaborating across the value chain to expand the
opportunities to recycle or compost our products.
Highlights include:
- Packaging
for the Future: Achieved 66% net revenues from products
made from recyclable, recycled or renewable materials, and launched
over 40 new certified compostable products in 2022.
- Certifying
Circularity: Received ISCC PLUS certifications at four
manufacturing facilities to handle and track circular and/or
bio-based resins.
-
Collaborating for a Sustainable Future: Engaged
with numerous organizations to advocate for our, and our
industry’s, interests.
People Pillar HighlightsPactiv
Evergreen is committed to attracting, empowering and retaining the
best team. We
embrace diversity, equity, inclusion and
belonging, and we support the communities in which we work and
live. Highlights include:
- Our Communities: Thousands of employees across
all of our facilities donated approximately 95,000 pounds of food
and volunteered over 3,300 hours during our inaugural Give Back
Month of Action – Hunger Action Month in September 2022.
- Our Suppliers: Started Tier 1 and 2 supplier
audits through Sedex to gain visibility into labor, health and
safety, environmental and business ethics practices in our supply
chain.
- Leadership and Development: Launched new
Leadership Development programs for front line and mid-level
leaders.
- Tuition Assistance: Launched a tuition
assistance program for U.S. salaried and non-union hourly
employees.
- Championing Safe Operations: Strengthened Zero
Harm Culture through the Company’s operational excellence
program.
ESG Governance Highlights Pactiv
Evergreen is committed to owning our culture of integrity and
ethics, setting high standards for compliance and publishing
transparent and regular ESG disclosures.
- Transparency: Published first report based on
Global Reporting Institute index and informed by the Sustainability
Accounting Standards Board’s Containers and Packaging and Pulp and
Paper Products standards.
- Climate Risk: Published climate-related risks
and opportunities in TCFD report.
- Water Risk: Analyzed water risk exposure
through the World Resources Institute.
- United Nations Sustainable Development Goals (UN
SDGs): Provided updates on alignment to UN SDGs.
- External assurance: Received third-party
limited assurance on scope 1 and scope 2 (location-based)
emissions, energy consumed for Scope 1 and 2 (location-based)
emissions and energy intensity for scope 1 and scope 2
(location-based) emissions.
Our ESG progress is outlined in further detail in
Pactiv Evergreen’s new Environmental, Social and Governance Report
at pactivevergreen.com/sustainability and we invite you to view a
video overview of our ESG Report.
About Pactiv Evergreen
Inc. Pactiv Evergreen Inc. (NASDAQ: PTVE) is a
leading manufacturer and distributor of fresh foodservice and food
merchandising products and fresh beverage cartons in North America.
The Company produces a broad range of on-trend and feature-rich
products that protect, package and display food and beverages for
today’s consumers. Its products, many of which are made with
recycled, recyclable or renewable materials, are sold to a
diversified mix of customers, including restaurants, foodservice
distributors, retailers, food and beverage producers, packers and
processors. Learn more at www.pactivevergreen.com.
Media Contact:Beth Kelly, Senior
Director, Communicationsbeth.kelly@pactivevergreen.com
A video accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/3364e52a-a745-4abe-a4e6-f6268009e53d
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