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.
Over the past three years, we have further embedded sustainability throughout Elopak’s business and operational units. This helped us incorporate our sustainability targets with the company’s overall targets and to work systematically with the topics most important to us.
Marianne Groven, Sustainability Director
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
United Nations Global Compact
The UNGC (United Nations Global Compact) is the world’s largest corporate sustainability initiative. It calls on companies to align strategies and operations with universal principles on human rights, labor, environment, and anti-corruption and take actions that advance societal goals.
In 2021, Elopak followed UNGC events such as the United Nations Global Compact Leaders Summit, a virtual event with more than 20.000 attendees from more than 120 countries. Here, 2021 was defined as “The Year of Ambition.”
“Only through global cooperation at an unprecedented level can we build back from the pandemic, get on track to achieve the SDGs and avert the worst impacts of climate change, and business has a central role to play. (…) The 10 principles of the UN Global Compact are a blueprint for such a response in support of human rights, labor, the environment, and the fight against corruption.”
– António Guterres, UN Secretary-General, during UNGC Leaders Summit, 2021
As the pandemic led to setbacks when it comes to children and child labor, the 2021 Leaders Summit focused on child labor, and on the pivotal opportunity to rebuild businesses to be better. We know this is an issue where different stakeholders need to work together to create change.
Elopak will not engage in or tolerate child labor or forced labor and requires the same policy from suppliers and business partners. Elopak’s Code of Conduct and Global Supplier Code of Conduct is part of our efforts to raise awareness and eliminate all forms of forced and compulsory labor; and the effective abolition of child labor.