Approach

As a global corporation, Elopak has a holistic approach to sustainability. We strive to take care of our employees, reduce our impact on the environment, source our raw materials responsibly, and conduct business ethically and responsibly.

This approach is deeply anchored in our culture, management, ownership, and employees. Sustainability is not merely handled by one department but is an integrated part of our strategy and influences all aspects of our daily business. This is also reflected in the products we are developing and offering, which continuously prove to be among the most environmentally friendly packages on the market.

Being a successful business requires more than financial returns. It also requires responsible business conduct and transparency. In Elopak, we find this even more important now as a listed company, when a new group of stakeholders, the shareholders, express clear expectations for delivery across the triple bottom line.

It is no longer enough for companies to consider causing less harm; businesses need to do more good. We believe transformative change requires effort and broad collaborative action. As a participating member of the UN Global Compact, Elopak considers the ten guiding principles as a framework for our sustainability approach. This, in addition to our pledge against greenwashing, helps enrich our knowledge and ensures that we operate in a way that respects our planet’s people and environment and secures equal opportunities for future generations.

The Intergovernmental Panel on Climate Change released its publication on the 9th of August 2021 on the state of our climate and the physical science behind climate change. The publication confirms, once more, that climate changes are real, they are man-made, and there is an urgent need to stop emitting greenhouse gases into the atmosphere. Hence, Elopak keeps the high focus on emissions and global warming and has decided to set Net Zero targets following the new framework launched by the Science-based Targets initiative. In preparation, we have updated our Science-based target to near-term targets and increased the scope of our reporting – including all of our scope 3 emissions.

We are closely following the developments around us, such as within the regulatory sphere in Europe, where the Green Deal, as launched in 2019, is set for Europe to be climate neutral by 2050. In 2021, the “Fit for 55 package” was presented, with legislation to help reduce emissions by 55% by 2030.

The EU Taxonomy intends to steer investments towards sustainability by providing a framework for investors and companies to categorize what share of their portfolio and activities respectively can be classified as “sustainable.”

In addition to the environmental- and climate-related regulations, multiple countries are strengthening the focus on Human Rights, such as Norway’s upcoming Transparency Act. Elopak supports sustainability initiatives and works to live by its commitment to conduct business in a responsible manner and to account for social and environmental aspects not only in our company but throughout our value chain.

Our sustainability approach is based on the UN Sustainable Development Goals, the ten principles of the UN Global Compact, the UN Declaration of Human Rights, the UN guiding principles on business and human rights, core International Labour Organization conventions, Science-based Targets, CDP, RE100, as well as product certifications such as FSC™, ISCC PLUS, and ASI. Sustainability remains a strong part of Elopak’s culture, encouraging employees to contribute and speak up at any time.

*The Forest Stewardship Council™(FSC™). FSC™ C081801. Look for FSC certified products – the mark of responsible forestry. www.fsc.org