Avery Dennison Gains Momentum in Progress Toward 2025 Sustainability Goals
September 19 2017 - 6:00AM
Business Wire
Announces Industry-Leading Achievements In
Paper Sourcing, Employee Safety
Avery Dennison Corporation (NYSE:AVY) today reported
advancements against its 2025 sustainability goals intended to
transform the company and the industries it serves. The 2014-2016
sustainability report, All of Us, Every Day, highlights how
the company is leveraging its size and scale to drive change across
its operations, industry, and communities.
Key achievements include:
- A reduction of location-based absolute
CO2 emissions of 3.2% in 2016 and market-based absolute emissions
(includes renewable energy instruments) by nearly 12%.
- 78% of total volume of paper procured
in 2016 held either an FSC or PEFC claim.
- A 2016 world class safety record, with
a recordable incident rate (RIR) of 0.25.
Mitch Butier, President and CEO of Avery Dennison, noted, “As
materials science innovators committed to making a meaningful
difference, we see sustainability not only as a responsibility but
also as an opportunity—to lead, to invent and to build a more
resilient and profitable company. We’re building momentum toward
our goals by engaging our employees and business partners up and
down the supply chain.”
Avery Dennison’s increase in its use of Forest Stewardship
Council (FSC)-certified paper, as described in the report, can have
important ramifications throughout the labeling and packaging
industry. As one of the industry’s largest global purchasers of
paper, spending over $1 billion annually, the company’s actions can
encourage greater availability, use, and cost parity industry-wide
of FSC-certified paper, which in turn can foster more sustainable
forestry.
Butier also noted the company’s success in its goal to achieve
at least a 3% absolute reduction in greenhouse gas emissions year
over year beginning in 2016. To do so, Avery Dennison is pursuing
reductions through a variety of means based on the different needs
of its facilities. This includes reducing energy intensity (7.2%
reduction from 2015), sourcing renewable power and procuring
renewable energy certificates. Together, these efforts reduced
market-based absolute emissions by nearly 12% in 2016.
In the report, the company also discusses how it is working to
facilitate the creation of a global recycling infrastructure
network with customers, recyclers and other stakeholders in the
regions where it operates to address the challenge of label waste
throughout the value chain. Reducing waste is a key focus of Avery
Dennison’s 2025 goals both inside the company and throughout the
industries in which it operates. As of the end of 2016, 59 of Avery
Dennison’s 180 sites worldwide were operating landfill-free and the
company had succeeded in diverting 91% of solid waste from
landfills.
To download copies of the report or to learn more, visit:
averydennison.com/sustainability.
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in
pressure-sensitive and functional materials, and labeling solutions
for the retail apparel market. The company’s applications and
technologies are an integral part of products used in every major
industry. With operations in more than 50 countries and more than
25,000 employees worldwide, Avery Dennison serves customers in the
consumer packaging, graphical display, logistics, apparel,
industrial and healthcare industries. Headquartered in Glendale,
California, the company reported sales of $6.1 billion in 2016.
Learn more at www.averydennison.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170919005641/en/
Avery Dennison MediaRob Six, +1 626
304-2361rob.six@averydennison.comorAvery Dennison Investor
RelationsCindy Guenther, +1 626
304-2204investorcom@averydennison.com
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