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Sonoco shares its 2023 corporate sustainability report

Sonoco Products Company has released its 2023 Corporate Sustainability Report which highlights on progress made in support of its environmental, social and governance (ESG) initiatives.

This report was prepared in reference to the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Containers and Packaging 2018 Sustainability Accounting Standard, explains Sonoco. The report also follows the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and details the company’s progress on initiatives to reduce greenhouse gas emissions and energy usage by 2030 in line with the Science Based Targets initiative, which aligns with the Paris Climate Agreement.

Recent achievements highlighted in the report include:

• Achieved eight percent year-over-year (YOY) decrease in greenhouse gas (GHG) emissions driven by projects across our facilities globally geared towards energy and emissions reduction
• Continued its commitment to GHG reduction through a Virtual Power Purchase Agreement (VPPA) with ENGINE
• Co-founded the Poly Coated Paper Alliance (PCPA), an industry collaboration focused on the widespread recycling of poly-coated paper in the U.S.
• Redesigned its stacked chip package to allow for greater recyclability
• Introduced its EnviroFlex Paper solution for curbside recyclable flexible packaging.
• Launched its Doing Safety Differently initiative
• Continued its commitment to support diverse suppliers with over 10 percent of total supplier spend in the U.S. and Canada

“Sonoco continues our commitment to promoting accountability and transparency by communicating and engaging regularly with our stakeholders about our sustainability efforts. We continued to make progress during the year toward our sustainability and corporate responsibility goals, which are designed to advance Sonoco’s purpose: Better Packaging. Better Life.,” said Howard Coker, president and CEO. “Sonoco’s achievements in 2023 were made possible by our dedicated employees around the world who work hard to keep our commitments to customers, shareholders, suppliers and communities. I want to thank them and all our stakeholders for your efforts and support of our sustainability and corporate responsibility goals.”

The report is available here.