Winpak discloses its environmental impact through Carbon Disclosure Project; company achieves score of B in its latest filing

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January 20, 2022 (press release) –

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.

 

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