FMN | December 21st, 2020

Avery Dennison Advances Sustainability Actions In 2020 Avery Dennison Corporation has announced a series of recent actions that further acknowledge its acceler- ated sustainability efforts, ending the year with contin- ued progress against its 2025 sustainability goals and re-committing to its role as a sustainability leader with- in the global value chain. Last week, the company reportedly received im- proved scores on its transparency and actions on cli- mate change, water, and forests by the Carbon Disclo- sure Project (CDP). CDP operates a global disclosure system for investors, companies, cities, states and re- gions to manage their environmental impacts. Avery Dennison earned an A- on Forests and scored a B for Climate Change and for Water Security. This achievement follows decisive positions taken in 2020 on transparency, human rights, and climate change. The company’s actions include: • Defining Environmental, Social, and Governance (ESG) policies and metrics as part of its ESG Download to clearly link sustainability to the company’s business strategy. • Publishing a policy on Human Rights, upholding the fundamental principles and requirements of basic hu-

Eco-Friendly (Cont’d from Page 1)

Secondly, shoppers report positive feelings when choosing products from companies whose packag- ing aligns with their sustainability practices. Accord- ing to EcoFocus, around two-thirds of consumers have positive feelings toward packaging that is either recyclable, made from recycled materials or renew- able resources, biodegradable, compostable, or plant- based. Numbers were slightly higher for millennials, but baby boomers also scored above 50 percent in all these categories. When asked which packaging material seemed ex- tremely or very eco-friendly, consumers rated glass bottles and jars highest, at 54 percent. Various pa- per-based packaging types followed, and then alumi- num cans. Plastics generally ranked lowest. Reports also show that consumers are willing to pay more for sustainability. According to Evergreen Packaging, more than 50 percent of consumers say they would pay extra for goods that are environmen- tally friendly.Almost two-thirds of millennials say that they’d be willing to spend more for such products, compared to 38 percent of baby boomers. Nielsen projects that consumers will spend $150 bil- lion on sustainable products by 2021, up from $135 billion in 2019.

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Flexo Market News December 21, 2020 3

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