Key risks
Key opportunities
Instability in energy prices Fluctuations in energy costs, driven by climate change impacts, like extreme weather events and geopolitical tensions affect energy markets. Scarcity of PCR (Post-Consumer Recycled) materials Shortages in recycled materials due to increased demand, limited collection infrastructure, or disruptions in recycling supply chains. New tax frameworks for virgin PET and waste Introduction of taxes or levies on virgin PET production or waste generation to incentivise recycling and reduce environmental impact. Foreseeable taxation on CO₂ emissions Anticipation of taxes or penalties based on carbon emissions to encourage emission reductions and promote environmentally sustainable practices. Extraordinary energy expenses for temperature mitigation Additional costs incurred to mitigate the impacts of rising temperatures on operations, Costs associated with finding alternative suppliers compliant with Environmental, Social, and Governance (ESG) standards if current suppliers fail to meet sustainability criteria. Higher energy and logistic expenses Increased costs related to energy consumption and logistics due to factors like rising fuel prices, transportation disruptions, or inefficiencies. Operational costs for water management efficiency Expenses associated with implementing water management measures to improve efficiency, reduce consumption, and comply with regulatory requirements. Increase in raw material costs Rising costs of raw materials due to factors such as geopolitical tensions, logistic barriers, or supply chain disruptions. Ecological and social barriers to plastics Challenges posed by environmental concerns and societal pressure against the use of plastics, leading to potential restrictions, bans, or consumer backlash. Changes in environmental legislation Anticipation of regulatory changes impacting business operations, such as stricter environmental standards, waste management requirements, or emissions limits. such as increased air conditioning or cooling requirements. Potential operational costs due to non-ESG compliant suppliers
Increasing Tray-to-Tray recycling Expanding recycling initiatives to include tray-to- tray recycling, promoting the reuse of materials and reducing waste. Reducing fossil fuel dependence through renewable energy generation Transitioning to renewable energy sources to decrease reliance on fossil fuels, lowering both Streamlining processes across the value chain and logistics to enhance efficiency, lower costs, and reduce GHG emissions. Developing sustainable innovations for new markets Investing in research and development to create sustainable innovations tailored for emerging markets, meeting evolving consumer demands and environmental standards. Managing environmental footprints throughout product Life Cycle Assessments Implementing strategies to minimise environmental impacts at every stage of a product’s life cycle, from costs and greenhouse gas emissions. Optimising value chain and logistics sourcing raw materials to disposal or recycling. Strengthening collaboration with the supply chain Fostering closer partnerships and collaboration with suppliers to ensure alignment on sustainability goals and practices, promoting transparency and accountability throughout the supply chain. Expansion of Deposit Return Systems Introducing or expanding deposit return systems to encourage the return and recycling of packaging materials, reducing liter, and promoting a circular economy.
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OUR COMPANY
STRATEGY
CIRCULARITY
INNOVATION
ENVIRONMENT
GOVERNANCE
PEOPLE
ADDENDUM & GRI
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