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The new goal came after the company in 2021 met its original commitment to reduce GHG emissions by 2025. Emissions-related data were verified by a third party.
This year's report also includes a new metric, aligned with Sustainability Accounting Standards Board guidance, sharing that 78% of applicable revenues derive from products that can be recycled, composted or reused.
"Our 2021 report underscores how Novolex continues to make important strides towards our ambitious ESG goals," said Stan Bikulege, Novolex Chairman and CEO. "Sustainability, innovation and choice are the foundation of everything we do at Novolex. Working together every day, our 10,000 employee families are meeting the needs of a changing world and shaping the future of the packaging industry for the better.
The 2021 report covers numerous topics, including raw material sourcing, health and safety, energy use and emissions, diversity, equity and inclusion, and employee and supply chain responsibility. Among the highlights, the report details Novolex's industry-leading capabilities in the use of renewable and recycled content in 2021, noting:
• Over three-quarters (78%) of applicable Novolex revenues came from products that are recyclable, compostable or reusable.
• Nearly half (48%) of Novolex raw materials were from renewable, bio-based or post-consumer recycled (PCR) sources.
• Just over half (51%) of all fiber used in Novolex's products was post-consumer recycled content, representing a 5% improvement since 2019.
• 28% of all resin was recycled content, and another 2% was bio-based resin made from renewable resources, the first time this metric was reported by the company.
