Climate Change Data

Veritiv Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:78,127 mtCO2e (2023)
Scope 1 Emissions:56,265 mtCO2e (2023)
Scope 2 Emissions:21,862 mtCO2e (2023)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:5.71% (Dallas & Houston)
Total Energy Consumption:25.5 M kWh (US, 2023)
Water Consumption:82.5M gallons (2023)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Greenhouse Gas Reduction
  • Environmental Management System Enhancement
  • Waste Diversion and Recycling
  • Diversity, Equity, and Inclusion
  • Community Engagement
  • Ethical Sourcing
  • Supply Chain Risk Management
  • Information Security

Environmental Achievements

  • Reduced total Scope 1 and Scope 2 emissions by 12.1% and 11.5%, respectively, relative to the previous year.
  • Reduced fuel consumption by more than 200,000 gallons of diesel compared to 2022 (7.3% reduction).
  • Expanded use of renewable diesel fuels to ~15% of total U.S. fleet.
  • Recycled 50% of generated waste, exceeding the goal by 10%.
  • Achieved ISO 14001 certification for Norcross, Georgia facility.
  • Introduced a recycled content stretch film (25-30% post-consumer resin).

Social Achievements

  • Increased employee engagement scores across all indicators.
  • Launched BRAVO! recognition platform with high activation and utilization rates.
  • Supported 19 employees through the Educational Assistance Program.
  • Awarded $125,000 in scholarships to dependents of employees.
  • Partnered with Boys & Girls Clubs of America and Purpose Built Communities.
  • Increased volunteer hours by 80% year-over-year (4,145 hours).

Governance Achievements

  • Refreshed and rebranded the Code of Business Conduct and Ethics.
  • Conducted 40 facility EHS audits (42% of distribution centers).
  • Implemented a Driver & Fleet Safety Manual and training programs.
  • Achieved 98.4% compliance training completion rate among employees.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce total Scope 1 and Scope 2 emissions by 50% from 2020 baseline by 2030.
Short-term Goals:
  • Increase waste diversion rate to 60% by 2025.
  • Increase diverse supplier spend by 50% by 2025.
  • Improve NPS to 50 by 2025.

Environmental Challenges

  • Reducing Scope 1 and Scope 2 emissions to meet 2030 goals.
  • Improving waste diversion rates.
  • Increasing diverse supplier spend.
  • Managing supply chain risks related to ESG factors.
  • Maintaining a safe and healthy workplace.
Mitigation Strategies
  • Implementing fleet efficiency enhancements (routing software, fleet modernization).
  • Investing in recycling infrastructure (Attributes of Recycled Content).
  • Developing customer recycling programs with suppliers.
  • Implementing an Environmental Management System (EMS).
  • Conducting regular safety audits and training.

Supply Chain Management

Supplier Audits: 40 facility audits (42% of distribution centers) and desktop audits, as well as on-site audits in Mexico and the U.S.

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier Sustainability Scorecard
  • Trace Gains platform for documentation

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: SASB Multiline and Specialty Retailers & Distributors standards, ISO 14001

Certifications: ISO 14001 (Norcross, GA facility)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 4 (Quality Education)
  • Goal 10 (Reduced Inequalities)

Veritiv's initiatives contribute to these goals through various programs and operations.

Sustainable Products & Innovation

  • Recycled content stretch film
  • EcoScore® sustainability tool

Awards & Recognition

  • EcoVadis Bronze Medal
  • Newsweek’s America’s Most Responsible Companies
  • Fortune World’s Most Admired Companies