London January 2022: Petainer has announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform. Petainer has disclosed through CDP for the first time this year having completed CDP’s Carbon Disclosure Project questionnaire.
Disclosing data around environmental impact is now a business norm; in 2021, over 13,000 companies worth over 64% of global market capitalization disclosed their environmental data through CDP, an increase of 37% since 2020. More than 590 investors with US$110 trillion in assets and 200 purchasing organizations representing US$4 trillion spend have requested environmental data from companies through CDP. By disclosing, Petainer is prepared to handle the increasing demand for environmental transparency from investors, customers and policymakers.
In its disclosure, Petainer shared the results of the first 3 years of its carbon emissions reduction program, with data reported from as far back as 2018. To reflect purest score for carbon reduction, removing factors such as PET demand and factory operation, Petainer reported in Total Emissions Per KG of Resin purchased. Petainer are delighted to report a 25% reduction in 2020 vs 2018. This was achieved by strategies to reduce emissions across scope 1,2 and 3 emissions. Petainer has been on the front foot, decarbonising its operations from 2018 by moving to renewable energy in its major plants, reducing scope 2 emissions by 92% since 2018. Ahead of the EU directive legislating for 25 % recycled material in plastic products, Petainer has been supporting customers to reach up to 100 % recycled PET (rPET). Incorporating rPET is an effective way of reducing carbon emissions, delivering a reduction of up to 79 % in carbon footprint compared to virgin PET. By helping customers incorporate rPET, it also has a positive impact on Petainer’s carbon footprint, reducing the indirect emissions from purchased goods. 19% of all PET resin used is now recycled PET across Petainer sites, a very encouraging sign that customers are seeing the benefits for themselves and the environment.
Hugh Ross, CEO at Petainer comments “Sustainability is at the core of what we do at Petainer. The products we produce reach the hands of millions of consumers every year. It is therefore important for us to support our customers in making each product in the most sustainable manner as possible. Ease of recycling when a product has been used is equally important. Our global manufacturing footprint allows supply to be made within close proximity to our customers, naturally reducing carbon emissions from freight within the supply chain. We are delighted to be able to report to the CDP a 40% reduction in our emissions and have projects in the pipeline that will help us to continue in our quest to bring down further our overall carbon footprint.”
Sonya Bhonsle, Global Head of Value Chains at CDP, commented, “Climate change poses a present and future risk to companies and their supply chains. Only by measuring environmental risks and opportunities can companies manage them now, prepare for the future and remain competitive especially as large mainstream investors and policymakers increasingly push for greater transparency through disclosure. By disclosing their environmental impact through CDP, Petainer has taken an important first step. I look forward to their continued dedication to transparency and effort in securing a sustainable 1.5 degree future.”
The full list of companies disclosing through CDP can be accessed here: https://www.cdp.net/en/responses
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.