With this accolade, Tetra Pak cements its position as the only company in the carton packaging sector to be included in the CDP leadership band for six years in a row.
Tetra Pak is one of a handful of companies that achieved a double ‘A’, out of nearly 12,000 companies that were scored based on data submitted through CDP’s questionnaires in 2021.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion 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 of ‘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. Those that don’t disclose or provided insufficient information are marked with an ‘F’.
CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy and palm oil. Companies need to score an ‘A’ on at least one of these forest-risk commodities to earn a place on the Forests A List.
The double ‘A’ score highlights Tetra Pak’s longstanding commitment to environmental action. For example, the company outperformed its 2020 climate goal, reducing its value chain GHG emissions by 19% compared to the 2010 baseline and demonstrating that decoupling climate impact and economic growth is possible. As part of this overall decrease, Tetra Pak has reduced its operational footprint [Scope 1 and 2] by 70% since 2010. In addition, earlier this year, Tetra Pak was identified by CDP as one of only four ‘trailblazer’ companies taking ‘best practice’ action to combat deforestation.
Looking ahead, the leading food processing and packaging solutions company has set additional ambitious commitments, such as switching to 100% renewable electricity in its operations by 2030 in line with RE100 commitment, increasing the use of polymers with renewable or recycled content targeting 20% (by weight of sourced volumes) worldwide by 2025 and achieving a positive impact on biodiversity through forest conservation and nature-based solutions.