LOS ANGELES , December 27, 2023 (press release) –
Flint Group’s Sustainability Report 2023 details its performance in critical areas of social, economic, and environmental responsibility. This is the company’s first Sustainability Report since 2020.
“Sustainability is increasingly important to all our stakeholders, and we intend to support them by striving for higher levels of economic, environmental, and social sustainability across all segments of the printing industry where we operate,” CEO Steve Dryden said in the report.
The company’s PRISM platform is a framework that breaks down sustainability into three areas where the company can enact positive change: product, planet, and people. The report highlights the company’s greenhouse gas emissions, water consumption and waste management goals, as well as progress made on these goals in 2022. Governance and accountability are also top initiatives, with Flint Group committing to the Science Based Targets Initiiative and working to improve its EcoVadis rating by seven points from 2021 to 2022.
Here are Industry Intelligence's top takeaways from the report, which was published on Dec. 18, 2023.
PRISM sustainability strategy and targets
Products
- Design products for the circular economy
- Help customers become more energy efficient and reduce waste
Planet
- Lower carbon footprint of its core products
- Reduce GHG emissions by 46% from 2019 to 2030, become Net Zero across scope 1 & 2 emissions by 2050
- Reduce water usage by 5% by 2030, compared to 2022
- Achieve zero waste to landfill by 2030
People
- Strive for zero accidents or 10% year-over-year reduction in Total Incident Rate
- Strive to put women into 40% of management positions by 2030, ensure pay equality and broader cultural representation in management teams
- Operate with integrity
- Ensure that 100% of third-party partners comply with its code of conduct
Product Innovations in 2022
- Barrier coatings for flexible packaging monostructures
- Certified ink systems for compostable packaging
- Deinking primers and varnishes, UV LED dual cure ink technologies for label markets
- Xeikon’s Panther ink system using 100% LED curing
- Xeikon’s TITON toner and dedicated printer that prints on sustainable paper-based packaging material combined with heat sealing without need for additional varnish or lamination
GHG Emissions Across Value Chain in 2022
- Total GHG market-based emissions were 1,252,552 tCO2e.
- Emissions decreased by 19% from 2021, primarily due to reduced Scope 3 emissions (purchased goods and services).
- Total energy consumption decreased by 15% compared to 2021.
- 15% of the electricity consumed was from renewable sources.
- Flint Group intensity per tonne of manufactured product decreased from 3.79 tCO2eq in 2021 to 3.35 tCO2eq in 2022, indicating a 12% reduction compared to the last year.
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