On 2 May European multinational packaging company Tetra Pak was recognised by the leading business publication the Financial Times as a European Climate Leader 2023 for its commitments to climate action and its progress in reducing greenhouse gas (GHG) emissions.

The Financial Times with data experts Statista compiled the third edition of Europe’s Climate Leaders and whittled down thousands of companies to just 500 with the greatest reduction in their GHG emissions intensity. The Financial Times says that in previous editions, the companies listed had been those that achieved the greatest reduction in their scope 1 and 2 GHG emissions over a five-year period. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

However, the 2023 edition saw a difference. For the first time, this year they have assigned a score to reflect their transparency on Scope 3 and other indicators of commitment to reducing emissions. 

Each company on the list was assigned an individual score, which was calculated using information on the company’s volume of emissions, level of disclosure on these emissions and its reduction of emissions as a percentage.

Tetra Pak was ranked amongst the top 20% of the 500 companies listed, achieving a 54.3% absolute reduction of the Scope 1 and 2 emissions over a five-year period. 

Tetra Pak president and CEO Adolfo Orive said: “The acknowledgement is a testament to the hard work and dedication of our team, suppliers, customers and other stakeholders. While we are proud of our achievements to date, we have plans to continue mitigating our environmental impact further – by decarbonising our value chain, driving circular solutions while contributing to food system resilience and protecting biodiversity. All these actions are core to our purpose, as we commit to making food safe and available everywhere and we promise to protect what’s good – food, people and the planet.”.

This development follows the news reported by Packaging Gateway that Tetra Pak had announced its most recent recycling initiatives are helping it to deliver a sustainable future. It also claimed that the various recycling initiatives it has put in place are helping to keep valuable materials in use and out of landfill.

Tetra Pak vice-president of sustainability operations Markus Pfanner said at the time: “We need to move away from linear ‘take-make-waste’ model towards a more connected circular economy. But being part of a circular solution can’t be driven singlehandedly by one individual or entity – scientists, policymakers, recyclers,  industry players and citizens must work together.”