Constantia Flexibles recognized with an ‘A’ score for climate protection measures
Posted By : Fiona Fernandes | Date : Feb 9 2022 12:05 PM
Constantia Flexibles has been awarded for leadership in corporate sustainability by global environmental non-profit CDP (Carbon Disclosure Project), securing a spot on its ‘A List’. The flexible packaging manufacturer belongs to the top 2% of companies evaluated for tackling climate change.
Constantia Flexibles was recognized for its actions to cut emissions, mitigate climate risks and develop low-carbon economy, based on data reported by the company through CDP’s 2021 climate change questionnaire. The flexible packaging manufacturer is one of 200 high-performing companies out of over ten thousand scored. “Sustainability and climate-related topics play an essential part of Constantia Flexibles' business focus/objectives. By fully integrating environmental considerations we can create long-term value. We are delighted that our ambitions are recognized and confirmed by CDP,” says Pim Vervaat, CEO of Constantia Flexibles.
An award for environmental awareness
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over 110 trillion USD in assets and 200 major purchasers with 5.5 trillion USD in procurement spend, requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform. A record-breaking 13,000 companies responded.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score from A to D- based on the comprehensiveness of disclosure, awareness, and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Paul Simpson, CEO of CDP, said: “Congratulations to all the companies on this year’s A List. The scale of the risk of businesses to climate change, water insecurity, and deforestation can no longer be ignored. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.