Announces Industry-Leading Achievements In Paper Sourcing,
GLENDALE, Calif.--(BUSINESS WIRE)--Sep. 19, 2017--
Dennison Corporation (NYSE:AVY) today reported advancements against
its 2025 sustainability goals intended to transform the company and the
industries it serves. The 2014-2016 sustainability report, All
of Us, Every Day, highlights how the company is leveraging
its size and scale to drive change across its operations, industry, and
Key achievements include:
A reduction of location-based absolute CO2 emissions of
3.2% in 2016 and market-based absolute emissions (includes renewable
energy instruments) by nearly 12%.
78% of total volume of paper procured in 2016 held either an FSC or
A 2016 world class safety record, with a recordable incident rate
(RIR) of 0.25.
Mitch Butier, President and CEO of Avery Dennison, noted, “As materials
science innovators committed to making a meaningful difference, we see
sustainability not only as a responsibility but also as an
opportunity—to lead, to invent and to build a more resilient and
profitable company. We’re building momentum toward our goals by engaging
our employees and business partners up and down the supply chain.”
Avery Dennison’s increase in its use of Forest Stewardship Council
(FSC)-certified paper, as described in the report, can have important
ramifications throughout the labeling and packaging industry. As one of
the industry’s largest global purchasers of paper, spending over $1
billion annually, the company’s actions can encourage greater
availability, use, and cost parity industry-wide of FSC-certified paper,
which in turn can foster more sustainable forestry.
Butier also noted the company’s success in its goal to achieve at least
a 3% absolute reduction in greenhouse gas emissions year over year
beginning in 2016. To do so, Avery Dennison is pursuing reductions
through a variety of means based on the different needs of its
facilities. This includes reducing energy intensity (7.2% reduction from
2015), sourcing renewable power and procuring renewable energy
certificates. Together, these efforts reduced market-based absolute
emissions by nearly 12% in 2016.
In the report, the company also discusses how it is working to
facilitate the creation of a global recycling infrastructure network
with customers, recyclers and other stakeholders in the regions where it
operates to address the challenge of label waste throughout the value
chain. Reducing waste is a key focus of Avery Dennison’s 2025 goals both
inside the company and throughout the industries in which it operates.
As of the end of 2016, 59 of Avery Dennison’s 180 sites worldwide were
operating landfill-free and the company had succeeded in diverting 91%
of solid waste from landfills.
To download copies of the report or to learn more, visit: averydennison.com/sustainability.
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in pressure-sensitive and
functional materials, and labeling solutions for the retail apparel
market. The company’s applications and technologies are an integral part
of products used in every major industry. With operations in more than
50 countries and more than 25,000 employees worldwide, Avery Dennison
serves customers in the consumer packaging, graphical display,
logistics, apparel, industrial and healthcare industries. Headquartered
in Glendale, California, the company reported sales of $6.1 billion in
2016. Learn more at www.averydennison.com.
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Source: Avery Dennison Corporation
Avery Dennison Media
Rob Six, +1 626 304-2361
Dennison Investor Relations
Cindy Guenther, +1 626 304-2204