Reusable Packaging Container (RPC) provider IFCO has unveiled its comprehensive ESG (Environment Social Governance) 2025 strategy to thrive in the circular economy.
The company’s ambition is to achieve net zero carbon emissions in its value chain by 2040, according to a news release.
That overarching goal includes numerous objects, company officials said. Those include combating climate change, embracing diversity and inclusion and reducing food waste and single-use packaging.
Along with further details on its ESG strategy, IFCO also has published its first standalone ESG Report, available for download online.
The release said the comprehensive report focuses on key material topics for the business in the areas of Thriving Business, Thriving Planet and Thriving Society and conforms to global reporting standards including the Global Reporting Initiative, Sustainability Accounting Standards Board (SASB) and United Nations Global Compact.
IFCO’s business model fosters the principles of circular economy since the company was founded almost 30 years ago, according to the release.
Recently, the European Lift-Lock range of RPCs was awarded the Cradle to Cradle Certified Silver certification.
IFCO RPCs are reused up to 120 times, cleaned, disinfected and granulated at the end of their life cycle to produce new containers, according to the release. This process offers numerous environmental benefits. For example, IFCO enables significant CO2, water and energy savings compared to single-use packaging, as well as reducing solid and food waste.
“As the global market leader in the sustainable transport of fresh food, IFCO wants to enable producers, retailers and consumers to do their part to protect the environment and create a resource-efficient supply chain,” the release said. “In 2021 alone, IFCO customers reduced the carbon footprint in their supply chain by up to 60% compared to using single-use packaging.”
IFCO has already taken numerous measures to make its business operations more environmentally friendly, according to the release. For example, materials are recycled and, at the end of their life cycle, reused to produce new IFCO RPCs. This is one of the reasons why IFCO has received Cradle to Cradle certification at Gold level in Material reutilization. In addition, IFCO reduces CO2 emissions by optimizing its network and using multimodal transport, the company said.
The company is also improving technologies in its washing centers to maximize water reuse and reduce energy consumption through closed-loop systems. IFCO also works with food banks around the world, reducing food waste and supporting people in need.
“We have already achieved considerable success with our measures to be more environmentally friendly,” Michael Pooley, CEO at IFCO, said in the released.
“At the same time, we acknowledge that it is time for further action. Together with our partners, we are working every day to make our business model even more sustainable. Our new ESG strategy helps us to fulfil our purpose to make fresh grocery supply chains sustainable and have a meaningful positive impact on our planet and society.”
IFCO has also recently become a signatory of the UN Global Compact supporting its Ten Principles, reinforcing its commitment to human rights, labor standards, the environment and anti-corruption.
IFCO’s ESG strategy to thrive in the circular economy focuses on three main pillars, according to the release:
- Thriving Business: IFCO aims to make fresh food supply chains resilient to the challenges of the future through circular economy, innovation and best-in-class governance, according to the company;
- Thriving planet: IFCO aims to achieve carbon-neutral operations by 2025 and net zero emissions across its value chain by 2040. In addition, IFCO is working to eliminate waste completely; and
- Thriving society: IFCO has a target of 40% women in management positions and aims to achieve best in class employee satisfaction.
IFCO´s 2025 goals are closely aligned with the United Nations Sustainable Development Goals (SDGs), according to the company. Specifically, the circular essence of its business model supports its customers in achieving SDG 12, Responsible Consumption and Production. “IFCO´s ESG strategy encompasses its ambition to thrive in the circular economy and together with its partners, cease the opportunity to create a better future for its employees, customers and society,” the company said.
