“Across our facilities, we continue to elevate our efforts to be a best-in-class company in sustainability, and I’m proud of the progress we made in 2023,” said Stan Bikulege, Novolex Chairman and CEO. “Our plants continued to expand their safety programs to reduce risk, and teams worked closely with customers to provide packaging solutions that meet their sustainability goals. Novolex also played key roles in policy discussions shaping our industry's future and enabling us to continue to develop innovative and sustainable packaging solutions.”
The report, published in accordance with the global reporting initiative, details several notable advancements, including:
Expanding the Circularity of Products: In 2023, applicable Novolex revenues from products that were recyclable, compostable, or reusable grew to an 84% share compared to 78% in 2022. The increase reflects ongoing efforts across the Novolex portfolio to develop products that can be diverted from landfill after use.
Progress towards its 30% Reduction by 2030 Greenhouse Gas Target: In 2023, Novolex reduced GHG emissions by 23%, continuing to make progress towards its goal of a 30% reduction in emissions per ton of production by 2030. Novolex GHG data are assured by a third party in accordance with the terms of the company’s sustainability-linked financing.
