Glass container manufacturer and filler, Vidrala, has been declared a leader for its environmental performance.
Non-profit organisation the Carbon Disclosure Project (CDP), awarded the glass company a ‘B’ in Water Security and an ‘A-’ in Climate Change in its 2022 CDP scores.
It is the first time Vidrala has been placed in the Leadership band by the CDP.
CDP provides a snapshot of a company’s disclosure and environmental performance in line with the Taskforce for Climate-Related Financial Disclosures (TCFD), Science-Based Targets (SBTs) and Sustainable Development Goals (SDGs).
The scores assess each companies' awareness of environmental issues, its governance and management of sustainability strategies and progress towards environmental stewardship.
By partnering with CDP, companies are able to better understand their journey to operate in line with a 1.5-degree, deforestation-free and water-secure future while offering their stakeholders insight into the road ahead.
CDP also provides the opportunity to compare Vidrala’s progress with similar companies across the globe, with businesses in the same sector averaging a ‘B’ grade globally for Climate Change and a ‘B’ for Water Security.
Vidrala recently announced the validation of its near-term Science-Based Target (SBT).
The companies’ SBTs aim to reduce its Scope 1 and 2 greenhouse gas emissions by 47%, and its Scope 3 emissions by 28% by 2030, propelling it to become the most sustainable glass business in the world by 2030.
Vidrala Director of Sustainability Fiacre O’Donnell, said: “CDP Scores are an extremely important measure when it comes to looking at where we are in our sustainability journey, the plans we have in place to minimise our carbon impact, and the transparency with which we are looking to do so.
“An A- for Climate Change and B for Water Security are two fantastic scores and it is through the hard work that everyone here at Vidrala has put in over the last few years that we have been able to achieve them, and we are immensely proud of this accomplishment.”