Tetra Pak scores AA for climate action

Tetra Pak is on the ‘A List’ of the global environmental impact non-profit CDP, whose environmental disclosure and scoring process is known as the gold standard of corporate environmental transparency.

Achieving this for the fourth time, Tetra Pak’s score was based on its reporting for 2019 which shows its commitment to transparency and sustainability. It is among 179 companies commended for actions to cut emissions and. mitigate climate risks and develop the low-carbon economy. The processing and packaging company was also one of eight others working to prevent deforestation in supply chains via sustainable sourcing of key commodities that are linked to deforestation.

Only 2% of companies who pursued the reporting in 2019 received an A score for climate action, making Tetra Pak one of a small number of high-performing companies out of thousands that were scored.

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2019, over 525 investors with over US$96 trillion in assets and 125 major purchasers with US$3.6 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform and over 8,400 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. 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.

Mario Abreu, Vice President Sustainability Tetra Pak, said “Our brand promise ‘Protects what’s good’ defines and influences everything we do, and sustainability is an integral part of the business decisions we make. The sustainability landscape has shifted dramatically, and the scale of the challenges ahead require radical change in thinking. To guide this new way of thinking we have launched ‘Planet Positive’ – urging everyone to take a broader view of sustainability and ensure we address the full impact of our business’

“Across the company, we understand the tangible business benefits of disclosing our activities in this transparent way. Among other things it helps us measure and improve on our performance across the whole value chain. Inclusion in CDP’s A List for four years is as a result of continuous work to increase renewable energy usage, GHG emission reduction targets, actions taken to fight deforestation and responsible sourcing of raw materials”

Paul Simpson, CEO of CDP, said: “Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation and water insecurity are vast – as are the opportunities from addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy.” 

The full list of companies that made this year’s CDP Climate Change and Forests A Lists is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores