Novolex Releases Fourth Annual Sustainability Report

Novolex® released its fourth annual sustainability report, detailing progress towards its greenhouse gas reduction target and other environmental, social and governance (ESG) commitments.

The 2021 Novolex Sustainability Report highlights Novolex’s expanded new target for greenhouse gas (GHG) reductions from operations — 30% by 2030. The new goal came after the company in 2021 met its original commitment to reduce GHG emissions by 2025. Emissions-related data were verified by a third party.

This year’s report also includes a new metric, aligned with Sustainability Accounting Standards Board guidance, sharing that 78% of applicable revenues derive from products that can be recycled, composted or reused.

“Our 2021 report underscores how Novolex continues to make important strides towards our ambitious ESG goals,” said Stan Bikulege, Novolex Chairman and CEO. “Sustainability, innovation and choice are the foundation of everything we do at Novolex. Working together every day, our 10,000 employee families are meeting the needs of a changing world and shaping the future of the packaging industry for the better.”
details at: https://novolex.com/news/novolex-releases-fourth-annual-sustainability-report/

Related Posts

Sonoco Reports Strong First Quarter 2018 Results

Net sales for the first quarter were $1.30 billion, an increase of $131.9 million, or 11.2 percent, from last year’s quarter. The improvement reflects an increase in sales added by acquisitions, the positive impact of foreign exchange, higher selling prices implemented to recover rising freight, wages and operating inflation, and modest volume growth. Gross profits were a record $250.6 million in the first quarter, an increase of $27.6 million or 12.4 percent, compared with $223.0 million in the same period in 2017. Gross profit as a percentage of sales increased to 19.2 percent, compared with 19.0 percent in the same period in 2017. The gross profit percentage increase was primarily due to manufacturing and procurement productivity mostly offsetting higher raw material and other operating costs. Click Read More below for additional information.

Bemis Company Reports Second Quarter Results

Bemis Company, Inc. reported financial results for its second quarter ended June 30, 2017. Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share, adjusted EBITDA, and net debt referenced in this release. “Total company profits were less than expected this quarter due to the impact of the challenging economic environment in Brazil. Sales volumes declined sharply in Brazil versus our run rates as consumers, retailers, and our customers reacted to the latest political instability. In our U.S. business, profits were in line with the expectations we shared last quarter,” said William F. Austen, Bemis Company’s President and Chief Executive Officer. “During June, we initiated a restructuring and cost savings plan to better position the Company in the current environment and for the long term. These efforts are progressing well to create a more agile, streamlined, and efficient business that continues to be successful over the long term.” Click Read More below for additional details.

Sweden’s best-selling sausages now wrapped in renewable paper-based packaging by Mondi

Mondi has worked with Nordic food manufacturer HKScan to provide renewable paper-based packaging for its best-selling Falukorv sausage. Sustainable packaging is a high priority for HKScan, who sells over eight million Scan Falukorv sausages every year in Sweden alone. The company has pledged to achieve net-zero carbon dioxide emissions target by 2025 - and aims to achieve a carbon neutral food chain by the end of 2040. Mondi used its EcoSolutions approach to collaborate with HKScan’s R&D team to provide the right barrier paper without requiring any changes to its existing production lines. The new packaging now comprises of renewable materials and is made with responsibly sourced paper and bio-based plastic. The paper is sourced, coated and printed in Sweden, so transportation is kept to a minimum. Thanks to its majority paper content, the new packaging can be disposed of in Swedish paper recycling streams. Mondi’s solution ensures the Scan Falukorv sausage remains fresh and intact in transportation, and the packaging provides excellent print quality for attractive presentation on the shelves.
Back To Top
×Close search
Search