Tetra Pak Scores Double ‘A’ by CDP for Leading Efforts Against Climate Change and Protecting Forests
LAUSANNE, Switzerland, February 5, 2020 /3BL Media/ - Tetra Pak has been commended for its climate action and driving sustainable sourcing in its supply chain for the fourth time, achieving a place on the global environmental impact non-profit CDP's prestigious ‘A List’ based on the company’s reporting in 2019. Reporting to CDP highlights Tetra Pak’s commitment to transparency and measurement of its sustainability positioning.
One of 179 companies recognised for actions to cut emissions, mitigate climate risks and develop the low-carbon economy, and one of 8 companies working to prevent deforestation in supply chains via sustainable sourcing of key commodities that are linked to deforestation.
Only 2% of companies who pursued the reporting in 2019 received an A score for climate action, making Tetra Pak one of a small number of high-performing companies out of thousands that were scored.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2019, over 525 investors with over US$96 trillion in assets and 125 major purchasers with US$3.6 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform and over 8,400 responded.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy and palm oil. Companies need to score an A on at least one of these forest-risk commodities to earn a place on the Forests A List.
Mario Abreu, Vice President Sustainability Tetra Pak, said “Our brand promise ‘Protects what’s good’ defines and influences everything we do, and sustainability is an integral part of the business decisions we make. The sustainability landscape has shifted dramatically, and the scale of the challenges ahead require radical change in thinking. To guide this new way of thinking we have launched ‘Planet Positive’ – urging everyone to take a broader view of sustainability and ensure we address the full impact of our business’
“Across the company, we understand the tangible business benefits of disclosing our activities in this transparent way. Among other things it helps us measure and improve on our performance across the whole value chain. Inclusion in CDP’s A List for four years is as a result of continuous work to increase renewable energy usage, GHG emission reduction targets, actions taken to fight deforestation and responsible sourcing of raw materials”
Paul Simpson, CEO of CDP, said: “Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation and water insecurity are vast – as are the opportunities from addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy.”
The full list of companies that made this year’s CDP Climate Change and Forests A Lists is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores
NOTE TO EDITORS
The full methodology and criteria for the Climate Change A List are available on CDP’s website at: https://www.cdp.net/en/guidance/guidance-for-companies under ‘CDP scoring methodologies 2019’.
ABOUT TETRA PAK
Tetra Pak is the world's leading food processing and packaging solutions company. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 160 countries. With over 25,000 employees around the world, we believe in responsible industry leadership and a sustainable approach to business. Our promise, “PROTECTS WHAT’S GOOD™," reflects our vision to make food safe and available, everywhere.
More information about Tetra Pak is available at www.tetrapak.com
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$96 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 8,400 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2019. This is in addition to the over 920 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition.
Visit https://cdp.net/en or follow us @CDP to find out more.
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Edelman for Tetra Pak
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