Climate Change Data

Polyram Plastic Industries LTD

Climate Impact & Sustainability Data (2021-2022)

Reporting Period: 2021-2022

Environmental Metrics

Total Carbon Emissions:527,685 tCO2e/year (2022)
Scope 1 Emissions:453 tCO2e/year (2022)
Scope 2 Emissions:20,559 tCO2e/year (2022)
Scope 3 Emissions:506,674 tCO2e/year (2022)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:25.34 kg/ton of product (2022)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Environmental Management
  • Resource Efficiency
  • Waste Reduction
  • Renewable Energy

Environmental Achievements

  • Reduced electricity consumption and waste sent to landfill per ton of production by more than 5% in 2022 compared to 2021.
  • Two production sites achieved waste reduction targets, and three achieved electricity reduction targets in 2022.
  • Increased use of recycled materials and alternative materials in products.
  • Incorporation of UBQ, a plastic substitute made from household waste, in some products.

Social Achievements

  • US site joined Operation Clean Sweep to reduce plastic resin waste.
  • Performed Life Cycle Assessments (LCA) on dozens of products to address customer concerns.
  • Provided LCA results to customers to help them make informed decisions and calculate their carbon footprints.

Governance Achievements

  • Approved a new Environmental Policy in May 2023.
  • Implemented a Carbon Management campaign, including market review, data collection, and GHG calculation verified by a third party.
  • Submitted annual CDP report.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Short-term Goals:
  • Reduce electricity consumption and waste sent to landfill by 5% annually.

Environmental Challenges

  • Significant Scope 3 emissions from purchased raw materials (over 80% of total emissions).
  • Increased overall emissions in 2022 due to acquisition of an additional production site.
Mitigation Strategies
  • Setting science-based targets for Scope 1 and 2 emissions reduction by 2030.
  • Exploring and implementing alternative, lower-emission materials, including recycled plastics and natural materials.
  • Increasing the use of renewable energy at production sites.
  • Reducing waste through reuse and recycling.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Using European suppliers to reduce emissions from raw materials.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of low-emission materials and products.

Reporting Standards

Frameworks Used: CDP, GHG Protocol, ISO 14064-3

Certifications: ISO 14001:2015

Third-party Assurance: Third-party independent auditor

UN Sustainable Development Goals

  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)

LCA projects, waste reduction targets, CDP disclosure, and renewable energy use contribute to these goals.

Sustainable Products & Innovation

  • Products using recycled materials, UBQ substitute.

Awards & Recognition

  • Not disclosed