Winpak Ltd
(TSX:WPK)
Shares Issued 65,000,000
Last Close
1/19/2022
$37.14
Thursday January 20 2022
- News Release
Mr.
Phillip Crowder
reports
WINPAK EMBRACES ENVIRONMENTAL TRANSPARENCY BY DISCLOSING THROUGH CDP
Winpak Ltd.
has furthered its commitment to environmental transparency by disclosing its environmental impact through
Carbon Disclosure Project
(CDP), a global non-profit that runs the world's leading environmental disclosure platform.
Winpak
has disclosed through CDP since 2018, and for 2021 completed CDP's Climate Change questionnaire.
Disclosing data around environmental impact is now a business norm; in 2021, over 13,000 companies worth more than 64% of global market capitalization disclosed through CDP. Over 75% of the S&P 500 disclose and more than 590 investors with
US$110 trillion
in assets under management have requested environmental data from companies through CDP. By disclosing,
Winpak
is prepared to handle the increasing demand for environmental transparency from investors, customers and policymakers.
"
Winpak
is pleased to have achieved a score of B in its latest filing", states
Phillip Crowder
, Director, Corporate Sustainability. "
Winpak
has set meaningful Sustainability targets that help us improve as stewards of our utilized resources and ensure we reduce our environmental impact. Disclosing through CDP helps us benchmark our efforts and ensures accountability to our stakeholders."
Simon Fischweicher
, Head of Corporations and Supply Chains at
CDP North America
, commented, "Climate change poses a present and future risk to companies and their supply chains. Only by measuring environmental risks and opportunities can companies manage them now, prepare for the future and remain competitive - especially as large mainstream investors and federal policymakers increasingly push for greater transparency through disclosure. By disclosing their environmental impact through CDP,
Winpak
has taken an important first step. I look forward to their continued dedication to transparency and effort in securing a net-zero, sustainable and just world."
About
Winpak
Winpak's
vision is to provide the best packaging solutions for people and planet.
Winpak
manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care.
Winpak
specializes in three main streams of packaging -
Flexible Packaging
,
Rigid Packaging & Lidding
, and
Packaging Machinery
. The company is closely aligned with Wipak, one of
Europe's
leading manufacturers of packaging materials.
Winpak
is actively engaged in driving the principles of a Circular Economy, and is a member of the
Sustainable Packaging Coalition
,
Polypropylene Recycling Coalition
,
PAC Packaging Consortium
and CEFLEX.
