While global warming – the emission of greenhouse gases into the atmosphere – represents the most urgent issue of this decade, there are several other areas where our planet is under pressure. The planetary boundaries constitute nine areas for which our planet is under stress; some more pressing than others. For Elopak, greenhouse gas (GHG) emissions remains the top priority, next to protecting biodiversity and water.
Following up on these priorities, Elopak was among the first three companies in the world to have our net zero targets approved by the Science Based Targets initiative (SBTi) after the official launch of the Net-Zero Standard. This is the first framework for corporate net zero target setting in line with climate science.
More detailed data on our environmental impact can be found in our data tables.
Having worked systematically to reduce greenhouse gas emissions since 2008, Elopak has reported our third party verified emission data every year since, and made significant progress. We have a science-based approach, following global frameworks such as the Greenhouse Gas Protocol and standards from the Science Based Targets initiative (SBTi).
In 2015, Elopak joined the RE100 campaign, and since 2016, we have sourced 100% renewable electricity throughout all our sites. In 2019, we were among the first to set scientific targets to reduce Greenhouse Gas (GHG) emissions in line with keeping global average temperate rises below 1,5°C.
In 2021, Elopak took part in the Net-Zero Road Test for the Science Based Targets initiative (SBTi) with 80 other companies. During that process, we updated our near-term targets in line with the new standard, and in 2022, we had our net zero targets approved.
All stakeholders confirm the importance of environmental impact, in particular climate and emission reductions. This strengthens our motivation and drive to deliver on our targets.
Acquisitions and divestment
During 2022 Elopak acquired plants in Morocco and Saudi Arabia with already ongoing production. This trigger a 2020 baseline recalculation, as well as recalculation of comparable numbers for 2021.
As Elopak is reporting according to the fixed base year approach, emissions sources from an acquired company are included with their emissions in both 2020 and 2021 (when Elopak did not have control), and in the current year 2022.
Emissions are recalculated for the entire year, rather than only for the remainder of the reporting period after the acquisition.
As the plant in India started its operations in 2022, this does not trigger baseline recalculation.
In 2022 Elopak sold all shares in the Russian company JSC Elopak. This represents a full divestment by Elopak from its existing Russian operations, and trigger a 2020 baseline recalculation, as well as recalculation of comparable numbers for 2021.
42% reduction of Elopak’s direct emissions (scope 1 and residual scope 2) by 2030
25% reduction of value chain’s emissions (scope 3) by 2030
Change in scope 1 and 2 emissions (% from 2020 baseline)
Change in scope 3 emissions (% from 2020 baseline)