Avery Dennison Joins Call for “Strong Step Forward” at Paris Talks
December 01 2015 - 6:00AM
Business Wire
Company signs American Business Act on
Climate Pledge, takes part in COP21 events, aims to cut emissions
by at least 26 percent
Calling climate change “an imminent global threat that demands
urgent action from all segments of society,” Avery Dennison
Corporation (NYSE: AVY) announced today that it has signed the
American Business Act on Climate Pledge, a White House initiative
to enlist U.S. companies in reducing greenhouse gas emissions.
With this pledge, Avery Dennison is joining more than 140
companies who have voiced support for a strong outcome at the
United Nations Climate Change Conference being held in Paris from
November 30 to December 11 and have underscored their commitment to
reducing emissions from their operations.
“Signing the pledge was an easy decision because we’re already
doing the things that the pledge asked of us,” said Dean
Scarborough, Avery Dennison’s Chairman and Chief Executive Officer.
“We unequivocally support an agreement coming out of Paris that
takes a strong step toward a low-carbon future. We are cutting our
own carbon emissions and taking additional measures to tackle
climate change.”
The full text of Avery Dennison’s pledge reads as follows:
We applaud the growing number of countries that have already set
ambitious targets for climate action. In this context, we support
the conclusion of a climate change agreement in Paris that takes a
strong step forward toward a low-carbon, sustainable future.
We recognize that delaying action on climate change will be
costly in economic and human terms, while accelerating the
transition to a low-carbon economy will produce multiple benefits
with regard to sustainable economic growth, public health,
resilience to natural disasters and the health of the global
environment. We put forth our pledges as follows:
Building on a 2009 pledge to reduce greenhouse gas emissions,
indexed to net sales, by 15% from 2005 to 2015, Avery Dennison
pledges to:
- Reduce absolute greenhouse gas
emissions from our operations by at least 3% annually, and by at
least 26% overall, between 2015 and 2025.
- Eliminate deforestation from the
production of agricultural commodities by 2020, in alignment with
the 2014 New York Declaration on Forests.
- Purchase 100% of our paper from
certified sources by 2025.
- Purchase at least 70% of our paper from
FSC-certified sources by 2025.
- Develop long-term business plans that
align with the deep decarbonization necessary to keep global
average temperatures from rising more than 2°C.
Scarborough will speak in Paris next week as part of the
Sustainable Innovation Forum, which will run concurrently with the
COP21 climate talks. Avery Dennison supports an agreement that will
cut emissions enough to keep the average global temperature
increase below 2 degrees Celsius, which scientists say is necessary
to avoid the worst effects of climate change.
Scarborough said his company supports strong and immediate
efforts to curb emissions for reasons both ethical and
commercial.
“Climate change is an imminent global threat that demands urgent
action from all segments of society—including business— while we
still have time to act,” he said. “It poses risks to people,
communities, ecosystems and, obviously, our business. Responding to
climate change by reducing emissions is, above all, a moral
imperative. It’s consistent with our company’s ethics and guiding
principles. And if we want to stay in business for the long term,
then addressing the risks posed by climate change is simply sound
strategy.”
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 from continuing
operations of $6.3 billion in 2014. Learn more at
www.averydennison.com.
About the American Business Act on Climate Pledge
The White House launched the American Business Act on Climate
Pledge in July 2015 to enlist business support for President
Obama’s goal of reducing greenhouse gas emissions economy-wide by
between 26 and 28 percent. By signing the pledge, companies agree
to voice support for a strong Paris outcome, demonstrate an ongoing
commitment to climate action and set an example for their peers.
Find more information at www.whitehouse.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20151201005653/en/
Avery Dennison CorporationMedia Relations:Rob Six,
626-304-2361Rob.Six@averydennison.comorKristin L. Wong,
626-304-4592kristin.l.wong@averydennison.com
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