GHG Emissions, Industrial, Sourcing Renewables  -  August 14, 2024

Graphic Packaging Sets 2050 Net Zero Goal

Graphic Packaging International, a global sustainable consumer packaging company, announced that it set a goal to reach net zero GHG emissions by 2050 and that it sourced 68% of its fuel from renewable biofuels.

The company set and validated 1.5C-aligned, near-term, science-based targets through the Science Based Targets Initiative in 2023. The company has a defined path to deliver the targets, placing the company on a path to reach net zero emissions by 2050.

The company’s 2023 Environmental, Social and Governance report outlines its Better, Every Day sustainability strategy and plans for achieving its new Better by 2030 sustainability goals designed to drive more circularity.

"Our Vision 2030 business strategy marks an increased commitment to sustainability, innovation, and our culture," said Graphic Packaging President and CEO Michael P. Doss in a statement. "This vision will advance our path toward global leadership in sustainable consumer packaging and motivate us to deliver products that are better for our customers, better for consumers, and better for our planet."

While working on achieving near-term targets through actions like its recent renewable electricity virtual power purchase agreement in Europe, Graphic Packaging will continue to explore the viability of emerging technology options to address the harder-to-abate thermal energy GHG emissions generated by heavy manufacturing environments.

The vPPA is designed to add renewable electricity to the European power grid and advances Graphic Packaging’s commitment to lower GHG emissions.

Graphic Packaging reports in accordance with the Global Reporting Initiative and Sustainable Accounting Standards Board Containers and Packaging standards along with providing information aligned with the Taskforce for Climate-Related Financial Disclosures framework and the United Nations Global Compact Communication on Progress.