Richards Packaging Income Fund
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Changes in China tariff rates
- Impact of pandemics including the coronavirus
- Sustainability of customer and supplier relationships
- Financial stability of customers
- Lack of written customer and supplier agreements
- Competition from other packaging companies
- Extent and duration of an economic downturn
- Inventory obsolescence
- Trade risks
- Resin price and exchange rate fluctuations
- Interest rate volatility
- Income taxes
- Reliance on key personnel
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental, Health and Safety
Climate Goals & Targets
Environmental Challenges
- Maintaining compliance with environmental and workers' health and safety laws and regulations.
- Risks of security breaches.
- Potential for product liability claims.
- Potential for future legal proceedings.
- Risks related to the structure of the Fund.
- Income tax matters in Canada and the United States.
- Leverage and restrictive covenants.
- Restrictions on potential growth.
Mitigation Strategies
- Richards Packaging believes that the conduct of its operations is in material compliance with current applicable environmental and workers' health and safety laws and regulations.
- Richards Packaging continued to invest in technology countermeasures and employee awareness and has conducted assessments with a third-party organization to identify any weakness in our overall approach to cyber security.
- Richards Packaging carefully manages its inventory of supplies so as to minimize any chance of obsolescence.
- Richards Packaging maintains insurance policies with insurers in amounts and with coverages and deductibles that it believes to be reasonable and prudent.
- The Fund intends to make distributions of its available cash to unitholders to the extent possible.