Reporting

Through reporting, we gather relevant feedback, helping us improve our sustainability approach. Elopak reports in accordance with the GRI framework. We also report to CDP, the UN Global Compact, in the EcoVadis and Sedex platforms, and to the Ethical Trade Norway organization.

On December 14, 2022, the EU published an updated directive on Corporate Sustainability Reporting (CSRD). Elopak plans to do a gap analysis on our current reporting in comparison with the new directive during 2023 to ensure compliance. We will also evaluate external verification of the entire report (parts of the data in this report is third party verified).

GRI (Global Reporting Initiative) is an independent, international organization that helps businesses and other organizations take responsibility for their impacts by providing them with the global common language to communicate those impacts. More details about this report can be found here.

TCFD (Task Force on Climate-related financial Disclosures) was created in 2017 by the Financial Stability Board to improve and increase reporting on climate-related financial information. Elopak has looked at this framework when assessing the climate risk assessment presented in this report.

UNGC (United Nations Global Compact) is the world’s largest corporate sustainability initiative. It calls on companies to align strategies and operations with universal principles on human rights, labor, environment, and anti-corruption to take actions that advance societal goals.

CDP (formerly known as Carbon Disclosure Project) is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. More than 187 400 companies reported through CDP on climate change, water security and forests.

EcoVadis is a global Corporate Social Responsibility (CSR) rating company based on international standards. They combine CSR expertise and online tools and have become a common industry tool within this area. The supplier assessment is focused on specific risk areas, including environment, labor, human rights, ethics, and sustainable procurement practices. Elopak was awarded a platinum medal, rated at top 1% of companies reporting to the Ecovadis system, in 2021.

Sedex is one of the world’s leading ethical trade service providers, working to improve working conditions in global supply chains. They provide practical tools, services, and a community network to help companies improve their responsible and sustainable business practices, and source responsibly.

Ethical Trade Norway is a Norwegian member-based, non-governmental organization and resource center for sustainable business practice and trade. They require all members to report annually on sustainable business practice performance and development in accordance with their minimum requirements and reporting standard.