Tetra Pak has been named a 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 of firms assessed by the Financial Times and Statista, only the leading 500 companies with the greatest reduction in their GHG emissions intensity made it to the final list.
Each company on the list has been assigned an individual score, which is calculated using the company’s volume of emissions, level of disclosure of these emissions and its reduction of emissions as a percentage.
Tetra Pak was ranked amongst the top 20 per cent of the 500 companies listed, achieving a 54.3 per cent absolute reduction of Scope 1 and 2 emissions over a five-year period.
The ranking also recognises 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 the Science Based Targets initiative along a 1.5°C pathway.
“The acknowledgement 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,” said Adolfo Orive, President & CEO at Tetra Pak.
In Viet Nam, Tetra Pak Binh Duong was one of the first packaging factories to achieve the globally-recognised LEED Gold certification. Applying LEED standards, the factory saved two million litres of water per year, recycling or salvaging 90 per cent of generated waste, and decreasing 4,000 tonnes of CO2 emissions a year.
Tetra Pak is actively engaged in promoting the circular economy in Viet Nam. The company has installed nearly 5,900 square metres of solar panels to cut down more than 700 tonnes of CO2 emissions.
Tetra Pak is expanding its partnership with retailers of MM Mega Market and Aeon Mall to expand carton drop-off stations nationwide and joining hands with VECA to expand the digitalised collection of used beverage cartons in 18 districts of HCM City.
Previously, Tetra Pak implemented a pilot programme to collect and recycle used beverage cartons in the community. The company is planning to spread this initiative to the north of Viet Nam as well. — VNS