Avery Dennison to Cut Absolute Emissions by at Least 26 Percent by 2025
September 10 2015 - 9:00AM
Business Wire
Company also sets ambitious goals for paper
sourcing, reducing landfill waste and more
Avery Dennison Corporation (NYSE: AVY) announced today that it
plans to reduce its absolute greenhouse gas emissions by at least 3
percent every year between now and 2025. The company announced the
goal in its new sustainability report.
“Cutting emissions while still growing as a company is the
defining business challenge of the 21st century,” said Avery
Dennison chairman and chief executive officer Dean Scarborough. “At
the very least, it’s a matter of risk mitigation. Climate change
threatens our business, our supply chain and the communities where
we live and work. By using The 3% Solution, developed by World
Wildlife Fund and Carbon Disclosure Project, as the basis of our
approach, we expect to reduce emissions by a minimum of 26 percent
by 2025.”
Between 2010 and 2015, Avery Dennison cut its emissions indexed
to net sales by 15 percent based on a 2005 baseline. The company
achieved the reduction mainly by identifying ways to use energy
more efficiently. To meet the new goal, “We’re exploring every
option, including renewable energy sources and fuel switching,”
said Scarborough, who will discuss climate change with other global
business leaders at a gathering coinciding with the United Nations’
COP21 climate talks in Paris this December.
In addition to its new emissions target, Avery Dennison
announced additional goals in its sustainability report:
- Developing a paper supply with origins
that are 100 percent certified as sustainable, with at least 70
percent bearing certification by the Forest Stewardship Council,
the gold standard in sustainable forestry;
- Reducing landfill waste by 95 percent
and reducing waste from the company’s label products by 70
percent;
- Minimizing environmental impacts by
ensuring that 70 percent of purchased film and chemicals conform
to, or enable end products to conform to, Avery Dennison’s
environmental and social guiding principles;
- Using innovation in sustainability to
grow revenues from sustainability-driven products and services;
and
- Continuing to cultivate a diverse,
engaged, safe, productive and healthy workforce.
The company reported that it is on track to meet or exceed all
of its original sustainability goals, set in 2010.
Avery Dennison’s sustainability report is available online at
averydennison.com/sustainability.
About Avery Dennison
Avery Dennison (NYSE: AVY) is a global leader in labeling and
packaging materials and solutions. The company’s applications and
technologies are an integral part of products used in every major
market and industry. With operations in more than 50 countries and
more than 25,000 employees worldwide, Avery Dennison serves
customers with insights and innovations that help make brands more
inspiring and the world more intelligent. Headquartered in
Glendale, California, the company reported sales of $6.3 billion in
2014. Learn more at www.averydennison.com.
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Avery Dennison CorporationMedia Relations:Beth
Hoang, (213) 403-0611beth.hoang@averydennison.comorInvestor
Relations:Cynthia Guenther, (626)
304-2029investorcom@averydennison.com
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