Otsuka Packaging Industries Earns Silver Medal in Sustainability
Otsuka Packaging Industries Co., Ltd., a subsidiary of Otsuka Holdings, recently made headlines by achieving a remarkable milestone. For the first time, the company has been awarded the Silver Medal in the sustainability assessment conducted by EcoVadis, a renowned international evaluation agency based in France. This prestigious recognition is given only to the top 15% of companies worldwide assessed by EcoVadis.
Understanding EcoVadis and Its Significance
EcoVadis operates in more than 185 countries and evaluates over 150,000 companies across more than 250 industries on their sustainability practices within the supply chain. The organization employs a unique set of evaluation criteria encompassing four critical areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. In recent years, sustainability has become a vital theme in corporate management, prompting many global businesses to reference EcoVadis assessment results when selecting partners and suppliers. As a result, EcoVadis has gained a high level of international trust in its evaluation processes.
EcoVadis Recognition Page Here
Otsuka Packaging’s Sustainability Journey
Otsuka Packaging has charted a path toward sustainable management with an aim to fully kick off its initiatives by 2025. The company not only emphasizes internal sustainability measures but is also committed to systematic external disclosures. Given its responsibilities as a participant in the supply chain, Otsuka Packaging sought EcoVadis evaluation, particularly as a means to meet the expectations of its esteemed business partners.
The evaluation results highlighted Otsuka Packaging's robust performance in the areas of Environment and Sustainable Procurement. This high rating culminated in the awarding of the Silver Medal, marking a significant achievement for the company. Otsuka Packaging remains dedicated to enhancing communication with all stakeholders and contributing to a sustainable society through its supply chain operations.
Commitment to Sustainable Practices
Moving forward, Otsuka Packaging intends to maintain a strong commitment to sustainability. The company recognizes the importance of collaboration with its partners and stakeholders to support sustainable practices across the entire supply chain. As part of this mission, Otsuka Packaging will continue to evolve its practices, ensuring they align with the growing demand for sustainability in business.
In conclusion, Otsuka Packaging Industries' recognition from EcoVadis is not just an accolade but a stepping stone in their commitment to sustainable practices. This achievement shines a light on the company’s responsible approach and its determination to create value not only for itself but also for its partners and the environment.
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