LC Packaging commits to reducing absolute scope 1 and 2 greenhouse gas emissions by 50% by 2030. Credit: KsanderDN via Shutterstock.

Flexible transport packaging provider LC Packaging has reported a notable increase in 2023 sales from its circular economy packaging, accounting for 23% of its turnover.  

This marks a substantial rise from 17% in 2022, driven by an expanded range of recyclable packaging options, which now represent 70% of the total.  

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The company expects circular packaging to generate at least 80% of turnover by 2030. 

In 2023, the company said that it distributed 508 million pieces of packaging, which is a slight decrease from 512 million in 2022.  

This reduction led to lower material usage, with 66.3 million kilograms used in 2023, down from 72.2 million kilograms in the previous year.  

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LC Packaging’s product distribution in 2023 included more than 28 million kilograms of cardboard, three million kilograms of jute, and 34 million kilograms of plastics. 

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The company has also reported that 48% of the materials used in 2023 were renewable, contributing to 35% of turnover from packaging made from renewable materials.  

In addition, 32% of the materials used were recycled content materials and 38% of distributed products included recycled content materials.  

The recyclability of distributed packaging improved significantly, with 70% being recyclable, a 17% increase from 2022 and a 31% increase from 2021. 

LC Packaging also made strides in reducing its greenhouse gas emissions, achieving a 20.6% reduction in 2023 from its value chain compared to the base year of 2021, representing a 12.8% decrease from 2022.  

The company reported an 11.7% decrease in scope 1 emissions and a 33.2% increase in scope 2 emissions.  

Looking forward, LC Packaging commits to reducing absolute scope 1 and 2 greenhouse gas emissions by 50% by 2030 from the base year of 2021. 

The company also aims to cut scope 3 emissions by the same percentage within the same timeframe.