Petainer embraces environmental transparency by disclosing through CDP
Petainer has announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit organisation that runs the world’s leading environmental disclosure platform. Petainer has disclosed through CDP for the first time this year having completed CDP’s Carbon Disclosure Project questionnaire.
Disclosing data around environmental impact is now a business norm; in 2021, over 13,000 companies worth over 64% of global market capitalisation disclosed their environmental data through CDP, an increase of 37% since 2020. More than 590 investors with US$110 trillion in assets and 200 purchasing organisations representing US$4 trillion spend have requested environmental data from companies through CDP. By disclosing, Petainer is prepared to handle the increasing demand for environmental transparency from investors, customers and policymakers.
In its disclosure, Petainer shared the results of the first 3 years of its carbon emissions reduction program, with data reported from as far back as 2018. Petainer are delighted to report a 40% gross reduction in total CO2 emissions in 2022 vs 2018 and a 25% reduction of total emissions in CO2 per kg of resin purchased. This was achieved by strategies to reduce emissions across scope 1, 2 and 3 emissions. Petainer has been on the front foot, decarbonising its operations from 2018 by moving to renewable energy in its major plants, reducing scope 2 emissions by 92% since 2018. Ahead of the EU directive legislating for 25% recycled material in plastic products, Petainer has been supporting customers to reach up to 100% recycled PET (rPET). Incorporating rPET is an effective way of reducing carbon emissions, delivering a reduction of up to 79% in carbon footprint compared to virgin PET. By helping customers incorporate rPET, it also has a positive impact on Petainer’s carbon footprint, reducing the indirect emissions from purchased goods. 19% of all PET resin used across Petainer sites in 2020 was recycled PET, rising to 36% in 2021, a very encouraging sign that customers are seeing the benefits for themselves and for sustainability.
The full list of companies disclosing through CDP can be accessed here.
