May 28, (THEWILL) – Tetra Pak, the world leading food processing and packaging solutions company, has been named European Climate Leader 2023 by the Financial Times, in recognition of the company’s progress in reducing greenhouse gas (GHG) emissions and its robust commitments to climate action.
Of the thousands assessed by the Financial Times, one of the world’s leading news organisations, recognized internationally for its authority, integrity and accuracy and Statista, a leading research firm and provider of market and consumer data, only the leading 500 companies with the greatest reduction in their GHG emissions intensity made it to the final list.
Each company in the list has been assigned an individual score, which is calculated using information on the company’s volume of emissions, level of disclosure on these emissions and its reduction of emissions as a percentage.
Tetra Pak was ranked amongst the top 20% of the 500 companies listed, achieving a 54.3% absolute reduction of the Scope 1 and 2 emissions over a five-year period.
The ranking also recognizes Tetra Pak’s efforts across the value chain (Scope 3), highlighting its regular inclusion amongst CDP A-listed businesses and its net-zero targets as approved by Science Based Targets initiative (SBTi) along a 1.5° pathway.
President and CEO, Tetra Pak, Adolfo Orive, says: “The acknowledgment is a testament to the hard work and dedication of our team, suppliers, customers and other stakeholders.
“While we are proud of our achievements to date, we have plans to continue mitigating our environmental impact further – by decarbonising our value chain, driving circular solutions while contributing to food system resilience and protecting biodiversity.
“All these actions are core to our purpose, as we commit to making food safe and available everywhere and we promise to protect what’s good – food, people and the planet.”
Managing Director, Tetra Pak West Africa, Mr. Oshiokamele Aruna, added that businesses especially in Africa need to further take concrete and tangible action to protect the environment and to overhaul business-as-usual for the sake of forests, oceans and the climate.
Tetra Pak has been working closely with their customers and suppliers to provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 160 countries.
The company has more than 23,000 employees around the world and is focused on responsible industry leadership and a sustainable approach to business.
