In just four months, Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia. From building recycling capacity from scratch via cross-border cooperation (in Saudi Arabia), expanding that capacity by 50% (in Turkey), tripling the production capacity for the cartons' PolyAl element (in Ukraine) to leveraging a public/ private partnership (in Australia), these projects share one single, critical trait. They will enable recycling of all components of a used carton package, transforming them into quality materials and goods. Once fully operational, the new solutions will be able to process up to an additional 45,000 tonnes of used carton packages, enabling global carton package recycling to exceed 50 billion a year. This translates to significantly improved recycling in the respective countries, and in some cases also in the neighbouring ones.
Aptar announced today that it has been ranked #1 on Forbes’ Green Growth 50 2021 inaugural list. As part of the Green Growth 50, Forbes is highlighting large American corporations that have managed to cut their greenhouse gas emissions, while simultaneously growing earnings.
“We are honored to be recognized with the #1 spot on the Green Growth 50 list by Forbes. This is a tremendous recognition of our progress to both drive earnings growth and become a more sustainable, diverse and inclusive company that is focused on furthering a circular economy. In fact, it is these very efforts that help grow our business.” said Stephan B. Tanda, Aptar’s President and CEO. “We look at everything we do through a sustainability lens because our patients, customers and consumers are actively seeking more sustainable solutions.”
Tanda is featured in the Forbes article Green Growth 50: Learning from Companies Boosting Profits While Cutting Emissions, which highlights the company’s progress toward Landfill Free certification through its internal grassroots program started by employees. By year-end, Aptar aims to have more than 60% of its manufacturing facilities certified internally as Landfill Free. In addition, the article highlights Aptar’s mono-material, fully recyclable lotion pump called Future.
Aptar’s Vice President, Global Sustainability, Beth Holland, explained, “We have made great progress at reducing our environmental impact and increasing the use of renewable energy. As we are part of the plastics industry, we focus on the pillars of recyclability and reusability, resin conversion and sustainable design. Much of this work is aligned to that of experts and partners, such as the Ellen MacArthur Foundation and the Science Based Targets Initiative, who have a vision to innovate products and supply chains in an environmentally conscious way while also reducing emissions.”
To create the Green Growth 50 list, Forbes partnered with Sustainalytics, a division of Morningstar, to review American public companies according to their emissions reductions. The search was limited to companies with more than 100,000 annual tons of emissions and market cap greater than $5 billion. Using data from FactSet Research Systems, Forbes also looked at profitability and companies who had increased profits since 2017, mostly measured by cash flow or EBITDA, but in some cases, net income.