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LONDON, Feb. 26, 2021 /PRNewswire/ — Klöckner Pentaplast (kp or the corporate), a number one international producer of excessive barrier protecting packaging options with industry-leading use of recycled content material, right now introduced the launch of its new sustainability technique, ‘Investing in Higher’. This follows on from the current announcement of the profitable completion of kp’s complete capital construction refinancing, which is the primary of its type to include an ESG-Ratchet Linked Time period Mortgage marketed to U.S. traders.
With the brand new ‘Investing in Higher’ sustainability technique, the corporate has set itself ten clear targets for long-term enchancment grouped into three key goals: Shut the Loop, which commits kp to utilizing extra recycled materials, closing the packaging loop and taking each alternative to make packaging recyclable. Work Smarter encompasses targets that concentrate on utilizing much less power, reducing carbon emissions and ending landfill. And Act Responsibly, builds on the cornerstone of kp tradition of steady enchancment within the areas of worker engagement, security, and can allow kp to develop into a extra numerous and inclusive firm.
kp CEO Scott Tracey mentioned: “Our new sustainability technique is inextricably linked to our objective, the sustainable safety of on a regular basis wants, and sustainability has been a core worth at kp for a few years. For the final three years, our ‘Constructive Plastics Pledge’ initiative helped advance our sustainability agenda and this new technique serves as a roadmap to construct and broaden on the progress we have already made. In the end, ‘Investing in Higher’ will allow us to fulfill the long-term wants of our individuals, our communities and our planet. Based mostly on our track-record, kp is well-positioned to ship on these goals.”
Previous to the launch of ‘Investing in Higher’, kp drove key initiatives to lift consciousness of the worth of plastic waste and recycling, and alternatives to work intently with stakeholders to develop the infrastructure, training and incentives round recycling plastic for a round financial system.
Adam Elman, kp Group Director of Sustainability, provides: “We recognise that the environmental and social challenges of right now name for extra pressing motion and a broader, science-based plan. Simply within the final 12 months, the worldwide pandemic has triggered many profound adjustments and uncovered vital international inequities. It is vital that we’re embarking on this journey now, increasing past our recycling efforts. Going ahead, our commitments now embrace the continuation of labor to lift consciousness and collaborate with key stakeholders on recycling for a round financial system, in addition to lowering our carbon footprint, supporting the communities the place we dwell and work, changing into extra numerous and inclusive as an organization, and guaranteeing a protected atmosphere the place all kp colleagues can thrive.”
About Klöckner Pentaplast
Centered on delivering its imaginative and prescient: The Sustainable Safety of On a regular basis Wants, kp is a worldwide chief in inflexible and versatile packaging, specialty movie options, serving the pharmaceutical, medical machine, protein markets, amongst others. With a broad and progressive portfolio of packaging and product movies and companies, kp performs an integral position within the buyer worth chain by safeguarding product integrity, bettering sustainability and defending model popularity. Based in 1965 kp has 31 vegetation in 18 international locations and employs over 5,900 individuals dedicated to serving prospects worldwide in over 60 places. For extra info go to www.kpfilms.com.
SOURCE Klöckner Pentaplast
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