Dear Stakeholders,
It is with great enthusiasm we share with you our 2021 Sustainability report which is our fourth since we commenced our sustainability journey in 2018.
We have continued with our efforts and development in line with our Corporate Social Responsibility (CSR) plan.
I am pleased to share with you that once again we have increased our performance, closed in on our goals and made RETAL’s business more sustainable while at the same time developing and growing our operations; we significantly increased our preform production capacity in the US and also entered the flexible packaging field with the installation of a printing unit in Lithuania during 2021.
Of course, climate change has remained a major part of our CSR activities, not only because it is our most material topic, but also because it is a prevailing threat to our society – a threat which is becoming increasingly evident to us all through recurrent radical climatic events, and changes to our daily lives.
I strongly believe it is crucial that businesses take substantial action in order to reduce their Green House Gas (GHG) emissions. We all have a role to play and I am tremendously happy with the work we have performed to achieve the goals we set in 2020. RETAL is now leading the way with a Carbon Disclosure Project (CDP) ‘B’ score for the third year in a row, thus demonstrating our good management of Climate Change (CC).
We set the scene in 2021 to present our science-based targets during 2022, and to have them validated ahead of our 2023 goal. This will position RETAL amongst the leading companies on CC action.
In 2021 we also increased our share of renewable electricity in our EU and US operations, and are confident to reach the goal of 100% use of renewable electricity in the EU and US operations by 2023.
Another topic close to my heart is that we have increased our emphasis on the social aspect of our operation to make sure our main asset – our people – are central to RETAL. We have, therefore, developed various new policies and procedures such as new training programmes on Human Rights which will be launched during 2022.
We continue to improve our ethical performance to maintain the trust of our stakeholders through setting up an anti-bribery assessment. This will also be launched in 2022.
I am personally convinced that RETAL’s CSR actions will lead us to a more sustainable and resilient business strategy which will also meet our stakeholders’ expectations. We will continue to strengthen our position with new ambitious objectives and additional resources to ensure that we meet these goals.
