Aptar, a global leader in drug delivery, consumer product dispensing and active packaging solutions, has been recognized for its leadership in corporate sustainability by the global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change.
Aptar was recognized for its actions to cut emissions, mitigate climate risks and further the low-carbon economy, based on the data reported by the Company through CDP’s 2020 climate change questionnaire. Aptar is one of a small number of high-performing companies out of 5,800+ that were scored. Through significant demonstrable action on climate, Aptar is leading on corporate environmental ambition, action and transparency worldwide.
“We are extremely proud to be recognized by the CDP as a leader in corporate sustainability. Our actions that further a low-carbon economy, and the products and solutions we provide, play an important role in everyday life for patients and consumers around the world,” said Stephan B. Tanda, Aptar President and CEO. “As we manage our company for the long-term, we will continue to focus on reducing climate risks and advancing ever more sustainable solutions.”
Earlier this year, Aptar formalized its science-based targets setting an emissions reduction goal consistent with requirements to keep global warming well below 2° Celsius by year 2030 and these targets were validated by the Science Based Target Initiative (SBTi). The Company also improved its risk and opportunities disclosures in accordance with the Task Force on Climate-Related Financial Disclosures (TCFD). In addition, Aptar received the ISO 14064 certification, assuring the reduction in greenhouse gas emissions in all scopes, especially as it increased renewable electricity purchases.
“Making the CDP A List is a testament to the outstanding collaboration from our teams around the world who have improved our carbon emissions scores year-over-year with these and other initiatives, and are working to establish a net-zero energy strategy as a next milestone along our sustainability journey,” said Beth Holland, Vice President, Sustainability.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US $106 trillion in assets under management and more than 150 major purchasers with US $4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest level ever.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks as well as demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F.
Paul Simpson, CEO of CDP, said, “We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores.