Elopak awarded A+ score for excellent ESG reporting

Global packaging company Elopak has been awarded an A+ score for excellent Environmental Social and Governance (ESG) reporting by sustainability consultancy Position Green. This places Elopak in the top 5% of companies assessed.

Position Green’s ESG100 analysis examines the degree to which the corporate ESG reporting of the 100 largest listed companies in Sweden, Denmark, and Norway provides valuable financial and non-financial information for decision makers.

This year’s ESG100 report marks the sixth edition and presents an analysis and review of how prepared the 300 participating companies are for the introduction of the European Sustainability Reporting Standards (ESRS), which is due to take effect on 1 January 2024.

“We are incredibly proud to have been awarded an A+ grade. However, reporting is not the only part of the picture, we must also deliver on our goals, which is what we are working on going forward”.

Marianne Groven, Director of Sustainability at Elopak.

A+ is the highest grade the ESG100 assigns, meaning that Elopak ranks among the top 5% of companies in Norway, Sweden and Denmark for its ESG reporting. Elopak was ranked fifth in Norway, which was also the country with the largest share of companies with an A+ ESG grade.

“Elopak has been reporting on sustainability results for 15 years and we are extremely proud of the progress we have made. Our commitment to sustainability reflects the values of our customers and ultimately consumers so it makes sense that we are as transparent and accurate as possible.”

Marianne Groven, Director of Sustainability at Elopak.

In 2019 Elopak formally pledged to cut greenhouse gas emissions with the goal to keep global warming below 1,5 degrees, in line with the criteria set by Science Based Targets initiative. In 2022, Elopak became one of the first companies to set out targets approved by the Science Based Targets initiative (SBTi) to become a net zero company by 2050. The company is also a participant member of the United Nations (UN) Global Compact as part of its efforts to advance sustainability and work collaboratively to achieve the UN’s Sustainable Development Goals.

The full ESG100 report can be downloaded from Position Green here.