Sonoco Releases 2021-22 Corporate Sustainability Report, Renews 2030 Commitments

Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today released its 2021-22 Corporate Responsibility Report, renewing ambitious 2030 commitments to reduce greenhouse gas emissions and energy usage. The Science Based Targets align with the Paris Climate Agreement, which seeks to limit global warming temperatures well below -2 degrees Celsius above pre-industrial levels.

Beyond performance metrics, Sonoco further increased packaging sustainability and recycling with the $1.35 million acquisition of Ball Metalpack in January 2022. This expanded Sonoco’s can-making franchise and sustainable product portfolio with the addition of tinplate steel packaging – the world’s most recycled substrate. Funds for the acquisition came from $1.2 billion in certified Green Bonds, one of the largest sustainable offerings to date in the U.S. packaging sector.

“We believe that we can grow our global sustainable packaging business while we work to lessen our impact on the environment,” said Howard Coker, President and CEO. “Our journey to achieve these mutually beneficial goals continued over the past year despite unprecedented head winds from supply chain disruptions, inflation and the continuing effects of the pandemic.”
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