Graphic Packaging's 2024 Impact Report
Graphic Packaging Holding Company, a prominent player in the sustainable consumer packaging sector, recently unveiled its 2024 Impact Report. This comprehensive document outlines the significant strides made toward their ambitious commitments outlined in the Better by 2030 initiative, which was launched last year. The initiative is part of a multi-year strategy aimed at enhancing the company's sustainability footprint while promoting innovative practices throughout its operations.
Vision 2030 Goals
The Vision 2030 strategy serves as a roadmap for Graphic Packaging, incorporating various sustainability goals focused on three core areas: creating better packaging, enhancing workforce safety and community engagement, and positively impacting the environment. This holistic approach is central to their Better by 2030 commitments.
Achievements in Packaging
One of the report's key highlights is the transition from plastic to more sustainable paperboard packaging, resulting in approximately one billion plastic packages being replaced. With 97% of their packaging products now classified as recyclable, Graphic Packaging has shown a significant commitment to promoting circularity within the packaging industry. Additionally, the company has filed over 130 new patent applications, reflecting their dedication to continuous innovation.
Better for People
The report also emphasizes the importance of workplace culture and employee engagement. The findings reveal that over 20,000 employees participated in engagement surveys, with an impressive 87% expressing confidence in the company's direction. Participation in Employee Resource Groups saw a remarkable increase of 47%, showcasing Graphic Packaging's focus on creating an inclusive environment. Furthermore, 98% of their global facilities have adopted the Health Safety and Environment Excellence System, underscoring their commitment to employee well-being.
A Sustainable Future
Moving forward, Graphic Packaging aims to maintain its trajectory toward sustainability through its near-term climate action goals. The company has set its sights on achieving net-zero greenhouse gas emissions by 2050, aligning with the Paris Agreement and the UN's Sustainable Development Goals. Specific targets include reducing greenhouse gas emissions across their operations and supply chain, alongside increased usage of renewable energy sources.
Noteworthy initiatives such as the upgrade of biomass boilers and steam turbines at manufacturing sites will facilitate substantial reductions in greenhouse gas emissions. Moreover, their inaugural Virtual Power Purchase Agreement (VPPA), targeted to commence in late 2025, is expected to provide renewable energy to meet about 70% of electricity requirements across Europe, further bolstering their sustainability efforts.
Commitment to Global Climate Action
The commitment to tackling climate change is evident in the words of Graphic Packaging's Vice President and Chief Sustainability Officer, Michelle Fitzpatrick. Emphasizing the urgency of addressing climate challenges, she stated, 'Climate change remains one of society's most pressing challenges, and we are firmly committed to doing our part to limit global warming by achieving net-zero emissions by 2050.'
With the launch of the 2024 Impact Report, Graphic Packaging aims to enhance transparency in its sustainability journey, reporting in accordance with the Global Reporting Initiative and Sustainable Accounting Standards Board standards. This commitment to accountability positions the company as a leader in sustainable practices within the packaging industry.
For more insights on Graphic Packaging's sustainability strategy and to view the complete 2024 Impact Report, visit their
official website.
In conclusion, the 2024 Impact Report illustrates Graphic Packaging's dedication not only to sustainable practices but also to innovation and employee engagement, reinforcing the company's pivotal role in shaping a more sustainable future in the packaging industry.