UPM Raflatac has published its 2024 Climate Review, highlighting the progress it has made as a global partner for sustainable material solutions. The Review showcases how UPM Raflatac and its partners are driving climate action in three focus areas: forests and land, emission reductions and products and services.
Reducing the use of fossil fuels remains a core focus for UPM Raflatac. In 2024, UPM Raflatac achieved a 55 percent reduction in its Scope 1 & 2 emission intensity compared to a 2015 baseline year. Notably, three of the company’s factories, located in China, Malaysia and Finland, implemented renewable or CO2-free electricity contracts, which cover the vast majority of their power usage.
This development enabled significant progress toward a 65 percent reduction target by 2030. UPM Raflatac also continued its efforts to reduce its Scope 3 emission intensity related to raw materials and transportation.
To reach a 30 percent reduction by 2030 compared to a 2018 baseline, the company aims to focus further on value chain collaboration and product development.
In 2024, 100 percent of UPM Raflatac’s purchased paper materials were certified under a credible third-party forest certification scheme.
This 2030 target was reached six years in advance by the end of 2023. Beyond certified papers, UPM Raflatac strives to achieve its 2030 goal of 100 percent traceability of other biobased materials, with progress in 2024 reaching 81 percent.
To help customers make more sustainable material choices, UPM Raflatac launched several new product and service innovations. These include the Carbon Action plastic films portfolio, designed to support the packaging value chain in reducing carbon footprint and enhancing recyclability.
UPM Raflatac also integrated product footprints directly into customer quotes. The footprints, generated by the externally validated LCA service, UPM Label Life, provide actionable data-driven insights to support purchasing decisions for customers.
https://boardconvertingnews.com/upm-raflatac-publishes-2024-climate-review/
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