Report highlights a firm commitment to sustainability goals,
including greenhouse gas reduction, certifications, enhanced data
capturing, and new innovative products
CHARLOTTE, N.C., July 11,
2024 /PRNewswire/ -- Novolex® released its
sixth annual sustainability report today, demonstrating a firm
commitment to ambitious environmental, social, and governance (ESG)
goals.
"Across our facilities, we continue to elevate our efforts to be
a best-in-class company in sustainability, and I'm proud of the
progress we made in 2023," said Stan
Bikulege, Novolex Chairman and CEO. "Our plants continued to
expand their safety programs to reduce risk, and teams worked
closely with customers to provide packaging solutions that meet
their sustainability goals. Novolex also played key roles in policy
discussions shaping our industry's future and enabling us to
continue to develop innovative and sustainable packaging
solutions."
The report, published in accordance with the Global Reporting
Initiative, details several notable advancements, including:
- Expanding the Circularity of Products: In 2023,
applicable Novolex revenues from products that were recyclable,
compostable, or reusable grew to an 84% share compared to 78% in
2022. The increase reflects ongoing efforts across the Novolex
portfolio to develop products that can be diverted from landfill
after use.
- Progress towards its 30% Reduction by 2030 Greenhouse Gas
Target: In 2023, Novolex reduced GHG emissions by 23%,
continuing to make progress towards its goal of a 30% reduction in
emissions per ton of production by 2030. Novolex GHG data are
assured by a third party in accordance with the terms of the
company's sustainability-linked financing.
- Growing Recycled Content: Across Novolex businesses and
products that use paper, Novolex increased its utilization of
post-consumer recycled paper to 52% in 2023 compared to 49% in
2022.
- Increasing Scope 3 Emissions Disclosures: In this year's
report, Novolex provides a snapshot of the company's Scope 3
footprint. The data support wider efforts to address GHG emissions
in our supply chain, which also facilitates our ability to provide
customers with product-level carbon data to inform their decisions
about material use and product design.
- Third-Party Recognition: Novolex businesses
Vegware® and Eco-Products® received B Corp
certifications, in part for their contributions toward reducing
methane emissions and food waste. B Corp certification recognizes
organizations that are driven by both mission and profit. In
addition, Novolex is also proud to have achieved Bronze Medal
status by EcoVadis, a leading platform used by our customers to
rank supplier ESG practices.
For more information about sustainability at Novolex, visit
here.
About Novolex
Novolex develops and manufactures
diverse packaging products for multiple industries in the
foodservice, delivery and carryout, food processor and industrial
markets that touch nearly every aspect of daily life. The Novolex
family of brands provides customers with innovative food and
delivery packaging and performance solutions products for their
business needs today while investing in research and development to
engineer more sustainable choices for the future. With more than
10,000 employee families, Novolex operates 55 manufacturing
facilities in North America and
Europe, including two world-class
plastic film recycling centers. To learn more about Novolex,
visit www.novolex.com.
Media Contact
Novolex
Phil Rozenski
1-800-845-6051
380292@email4pr.com
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SOURCE Novolex