FMN | June 20th, 2022

UPM Raflatac (Cont’d from Page 7)

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the responsible sourcing, proper collection and management of the ocean bound plastic waste. After collecting and sorting the ocean bound plas- tic waste, HHI uses chemical recycling to convert the waste into pyrolysis oil. The pyrolysis oil is then used by SABIC to create high-quality PP plastic gran- ulates. After SABIC, the plastic granulates are used in the process in which the film manufacturer Taghleef Industries produces the label film that is used to pro- duce the final label material by UPM Raflatac. The plastic waste used in the value chain of mak- ing Ocean Action label material is certified under the Zero Plastics Oceans program, and the final la- bel material under ISCC PLUS. The label material is produced using sustain- able recycled feedstock, replacing the equivalent amount of virgin fossil resources used in the pro- duction process, using a mass balance approach, accounting for the amount of sustainable resources. These verify that the Ocean Action label material is traceable and sustainably sourced. Siegwerk Achieves Silver EcoVadis Medal Siegwerk, a global provider of printing inks and coatings for packaging applications and labels, has received the EcoVadis Silver Medal rating across all business units and regions. Siegwerk’s overall score is considered in the top 15 percent of companies in the manufacture of paints, varnishes and similar coatings, printing ink and mastics industry. EcoVadis, with more than 90,000 rated companies in its network, is an independent provider of busi- ness sustainability ratings. The EcoVadis methodology is built on internation- al sustainability standards, including the Global Re- porting Initiative, the United Nations Global Com- pact and the ISO2600, covering 200 industries and more than 160 countries. The EcoVadis assessment notes a particular strength in Siegwerk’s environ- mental performance. This is driven from the compa- ny’s sustainability management systems, emissions reductions targets, and circular packaging solutions developed and sold in the market. The rating reflects the ambition Siegwerk sets in its 2025 sustainability initiative HorizonNOW. By 2025, seven targets are to be achieved, including carbon neutral scope 1 and 2 emissions and achiev- ing 75 percent of sales from products and services enabling circular packaging. HorizonNOW aligned with the UN Sustainable Development Goals.

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