Huhtamaki is rated ‘A’ (on a scale of AAA-CCC) on the MSCI ESG Ratings assessment. The rating of ‘A’ puts Huhtamaki in the top 46% of companies in the packaging sector. Our rating improvement is driven by our top-of-industry governance practices and our continuous work to improve our risk management, e.g., by decreasing the water intensity of our operations.
“We are proud of the improvement in our MSCI score upgrade, as it reflects the work we have done to embed sustainability in our operations and along our value chain globally. We have made great progress in our management practices regarding e.g., water intensity. At the same time, we know our journey is far from over. We know that we all are facing significant challenges to change the course towards a world compliant with the Paris agreement and we must hold ourselves accountable to this. Huhtamaki is committed to play its own role in driving this change and building momentum“, says Thomasine Kamerling, EVP Sustainability and Communications.
Looking to the year ahead, we are further elevating our ambition in key areas, such as:
- Understanding our impact on biodiversity in the areas we operate and defining our ambition
- Focusing on Diversity, Equity and Inclusion (DEI) to create work environments where everyone can be themselves
- Futureproofing our sites by setting standards for what a Sustainable Factory looks like, from both environmental and social perspectives, and begin operationalizing it
We recognize the need for systems thinking in combatting global issues that impact all of us. We need to understand the impacts of our actions from a wider perspective. For Huhtamaki, that means taking a practical approach, operationalizing sustainable change where it matters most.
The MSCI ESG Rating assessment takes place annually. It measures a company’s resilience to long-term, industry-wide material environmental, social and governance risks and how well it manages those risks relative to peers. Read more about MSCI here.