PHOENIX Closures
Climate Impact & Sustainability Data (2022-11 to 2023-10)
Reporting Period: 2022-11 to 2023-10
Environmental Metrics
Total Carbon Emissions:185,045 tCO2e/year
Scope 1 Emissions:769 tCO2e/year
Scope 2 Emissions:23,607 tCO2e/year
Scope 3 Emissions:160,658 tCO2e/year
Renewable Energy Share:52% (Tennessee facility), 100% (Iowa facility)
Total Energy Consumption:205,202 GJ/year
Water Consumption:22,344,181 gallons/year
Waste Generated:2,207 tons/year (non-hazardous, 95% recycled)
Carbon Intensity:0.0032 MT CO2e per lb of resin consumed
ESG Focus Areas
- Employee Health & Safety
- Employee Recruitment & Retention
- Diversity, Equity, & Inclusion
- Product Innovation & Design
- Product Quality & Safety
- Energy & GHG Emissions
- Product End-of-Life
Environmental Achievements
- Achieved 6.5% energy intensity reduction against 2021 baseline
- Published and baselined first GHG inventory including Scope 3 data
- Launched portfolio of three Post-Consumer Recycled (PCR) PP resins
- Optimized 53-400 ribbed closure achieving 15% weight reduction, resulting in a 73,000-lb savings in annual resin usage and a 219,000-lb reduction in CO2e emissions
- EcoStack 120-400-9639 closure showed a 22.3% reduction in Global Warming Potential and a 47% reduction in truckloads needed during transportation
Social Achievements
- Achieved EcoVadis Bronze Medal in first assessment
- Won NACD Supplier of the Year for the second consecutive year
- Named a finalist in the Social Responsibility category for the VIA SPARK Award
- Added a new community scholarship to existing program
- Created Culture Teams at all sites to enhance employee engagement and community support
- Dedicated over 300 hours of continuing education for Sustainability Committee members in 2023
Governance Achievements
- Established a Sustainability Committee with cross-departmental representation and executive leadership support
- Established interim goals to guide sustainability efforts
- Implemented Sedex management approach to health and safety
- Conducted audits of Davenport, Greencastle, and Newport facilities with the U.S. Department of Energy’s Industrial Assessment Center
Climate Goals & Targets
Medium-term Goals:
- Reducing energy intensity by 25% over 2021 baseline by 2031
Short-term Goals:
- Develop and implement enhanced tools for performance feedback and talent assessment
- Deliver training on sustainable procurement practices to 100% of procurement personnel
- Develop and implement a formalized Sustainable Procurement Policy
- Develop and launch company-wide engagement survey
- Establish a Greenhouse Gas Emissions reduction goal
Environmental Challenges
- Reducing energy intensity and greenhouse gas emissions
- Improving supplier diversity
- Expanding recycling program to all locations
Mitigation Strategies
- Established an energy intensity reduction goal of 25% by 2031
- Partnered with energy providers for renewable energy sources
- Implemented energy efficiency initiatives
- Investigating methods to better measure diverse spending and improve supplier approval process
- Attending the NMSDC Annual Conference & Exchange
- Established an office recycling program at corporate location with plans to scale up
Supply Chain Management
Responsible Procurement
- Seeking to promote economic opportunities for minority-owned, women-owned, and other underrepresented businesses
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB
Certifications: EcoVadis Bronze Medal, SQF
Sustainable Products & Innovation
- PCR PP resins
- Right-weighted closures
- EcoStack closures
Awards & Recognition
- EcoVadis Bronze Medal
- NACD Supplier of the Year
- VIA SPARK Award Finalist