Climate

Sofidel named by CDP as a global leader 2021 for supplier engagement

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CDP is a non-profit organization that supports investors, companies, cities, countries and regions worldwide in managing their environmental impact. The CDP Supplier Engagement Rating Report measures the ability to engage suppliers in the fight against climate change, assessing their performance through selected questions on governance, targets, Scope 3 emissions, and value chain engagement. Sofidel has been included in the Leadership band of the CDP Supplier Engagement Rating Report 2021. With an A- rating, Sofidel is above the industry average for Paper & Packaging (B) as well as the overall European (B-) and global (B-) averages.

The awareness of the strategic importance of the involvement of the supply chain for the attainment of the sustainability goals led the Group, in 2021, to ask its suppliers to take three further steps forward by encouraging them to set goals to lower climate-altering gas emissions in line with the Science Based Targets initiative (SBITi) – that is, consistent with the reductions required to limit global warming to well below 2 °C in accordance with the Paris agreements – make firm commitments to reduce plastic pollution and make use of third-party inspections in the assessment of their improvement actions.

Supplier engagement is essential to reducing so-called Scope 3 emissions – all indirect emissions generated by a company’s value chain, minus those created by purchased and consumed energy. Sofidel is committed to reducing Scope 3 emissions by 24% by 2030 – base year 2018 – per ton of paper produced.