Crystal Lake, Illinois, March 15, 2023 — AptarGroup, Inc. (NYSE: ATR), a global leader in drug delivery, consumer product dispensing and active material science solutions and services, announced today that it has updated its Scope 1 and 2 science-based targets, setting an emissions reduction goal consistent with requirements to limit global temperature rise to 1.5° Celsius by year 2030.
In 2020, Aptar formalized its original science-based targets (SBTs), setting a Scope 1 and Scope 2 emissions reduction goal consistent with well below 2° Celsius (WB2°C); a renewable electricity target and a Scope 3 target in alignment to 2°C – all by 2030.
In 2021, Aptar significantly surpassed the original goals for emissions reduction to the WB2°C scenario and as a result, the Company has worked to update these goals to be more ambitious. Today, Aptar is proud to announce that its Scope 1 and 2 absolute emissions reduction targets align to the 1.5°C scenario and have been validated by the Science Based Targets initiative (SBTi).
“Driven by purpose, we continuously innovate to meet the world’s evolving sustainability needs in more efficient and effective ways,” said Beth Holland, Vice President, Global Sustainability. “We partner with our suppliers and customers to enable consumers to recycle more plastic, we introduce recycled materials in our products where possible, we frequently identify opportunities to reduce greenhouse gas emissions in our operations and we source renewables where available.”
Aptar’s updated targets approved by the SBTi are:
- Aptar commits to reduce absolute Scope 1 and 2 GHG emissions 82% by 2030 from a 2019 base year
- Aptar commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, waste generated in operations, and downstream transportation and distribution 14% by 2030 from a 2019 base year
- Aptar also commits to increase annual sourcing of renewable electricity from 57% in 2019 to 100% by 2030
Aptar’s carbon transition plan includes actions that align with climate science and support the transition to a low-carbon economy. In addition, Aptar developed an ISO 14064 compliant energy management system to map global greenhouse gas emissions and ensure accurate carbon accounting and reporting.
The Science Based Targets initiative is a collaboration between the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.