Country for PR: United Kingdom
Contributor: PR Newswire Europe
Saturday, February 27 2021 - 02:19
Klockner Pentaplast Launches Its New Sustainability Strategy
LONDON, Feb. 27, 2021 /PRNewswire-AsiaNet/ --

'Investing In Better'

Klockner Pentaplast (kp or the company), a leading global manufacturer of high 
barrier protective packaging solutions with industry-leading use of recycled 
content, today announced the launch of its new sustainability strategy, 
'Investing in Better'. This follows on from the recent announcement of the 
successful completion of kp's entire capital structure refinancing, which is 
the first of its kind to incorporate an ESG-Ratchet Linked Term Loan marketed 
to U.S. investors. 

With the new 'Investing in Better' sustainability strategy, the company has set 
itself ten clear targets for long-term improvement grouped into three key 
objectives: Close the Loop, which commits kp to using more recycled material, 
closing the packaging loop and taking every opportunity to make packaging 
recyclable. Work Smarter encompasses targets that focus on using less energy, 
cutting carbon emissions and ending landfill. And Act Responsibly, builds on 
the cornerstone of kp culture of continuous improvement in the areas of 
employee engagement, safety, and will enable kp to become a more diverse and 
inclusive company.

kp CEO Scott Tracey said: "Our new sustainability strategy is inextricably 
linked to our purpose, the sustainable protection of everyday needs, and 
sustainability has been a core value at kp for many years. For the last three 
years, our 'Positive Plastics Pledge' initiative helped advance our 
sustainability agenda and this new strategy serves as a roadmap to build and 
expand on the progress we've already made. Ultimately, 'Investing in Better' 
will enable us to meet the long-term needs of our people, our communities and 
our planet. Based on our track-record, kp is well-positioned to deliver on 
these aims."

Prior to the launch of 'Investing in Better', kp drove key initiatives to raise 
awareness of the value of plastic waste and recycling, and opportunities to 
work closely with stakeholders to develop the infrastructure, education and 
incentives around recycling plastic for a circular economy. 

Adam Elman, kp Group Director of Sustainability, adds: "We recognise that the 
environmental and social challenges of today call for more urgent action and a 
broader, science-based plan. Just in the last year, the global pandemic has 
triggered many profound changes and exposed significant global inequities. It's 
critical that we're embarking on this journey now, expanding beyond our 
recycling efforts. Going forward, our commitments now include the continuation 
of work to raise awareness and collaborate with key stakeholders on recycling 
for a circular economy, as well as reducing our carbon footprint, supporting 
the communities where we live and work, becoming more diverse and inclusive as 
a company, and ensuring a safe environment where all kp colleagues can thrive."

About Klockner Pentaplast  

Focused on delivering its vision: The Sustainable Protection of Everyday Needs, 
kp is a global leader in rigid and flexible packaging, specialty film 
solutions, serving the pharmaceutical, medical device, protein markets, amongst 
others. With a broad and innovative portfolio of packaging and product films 
and services, kp plays an integral role in the customer value chain by 
safeguarding product integrity, improving sustainability and protecting brand 
reputation. Founded in 1965 kp has 31 plants in 18 countries and employs over 
5,900 people committed to serving customers worldwide in over 60 locations. For 
more information visit

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Source: Klockner Pentaplast