High-barrier protective packaging solutions manufacturer Klöckner Pentaplast has presented its new sustainability strategy to help deliver its goals.
Titled Investing in Better, the strategy consists of ten targets for the company in the long term.
The targets are grouped into three key objectives, notably Close the Loop, Work Smarter and Act Responsibly.
Through these objectives, Klöckner Pentaplast will commit to using more recycled material, closing the packaging loop, using less energy, decreasing carbon emissions, and ending landfill.
In addition to this, the company will improve employee engagement areas and safety.
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Klöckner Pentaplast CEO Scott Tracey said: “Our new sustainability strategy is inextricably linked to our purpose ‒ the sustainable protection of everyday needs ‒ and sustainability has been a core value at Klöckner Pentaplast for many years.
“For the last three years, our Positive Plastics Pledge initiative helped advance our sustainability agenda and this new strategy serves as a roadmap to build and expand on the progress we’ve already made.
“Ultimately, Investing in Better will enable us to meet the long-term needs of our people, our communities and our planet. Based on our track record, Klöckner Pentaplast is well-positioned to deliver on these aims.”
The new strategy follows the completion of Klöckner Pentaplast’s capital structure refinancing.
Before Investing in Better, the company had been working on raising awareness of plastic waste and recycling.
It is also focused on developing the infrastructure, education and incentives around recycling plastic for a circular economy by collaborating with stakeholders.