- The report found 78 percent of graphics and labels materials (GLM) sales in 2023 were from sustainable products, up seven percentage points
- The number of women in the Beontag workforce in 2023 continued to increase, reaching 32 percent overall in 2023, with 26 percent of senior leadership positions held by women
Beontag recently released its environmental, social, and governance (ESG) report for 2023 highlighting their progress over the last year and goals moving forward.
One of the world’s largest manufacturers of self-adhesives and smart tags such as RFID and NFC, company officials noted their efforts come amid rapid growth and expansion for the company, including acquisitions, appointments, and investment in new state-of-the-art facilities.
“We are proud of the progress we made as a company in 2023, and of the enormous effort made by our 2,000 employees to adhere to our company and client-supporting goals in this area,” said Ricardo Lobo, CEO of Beontag, in a statement when the report was released. “We look forward to making further progress in 2024 and beyond, both through innovation within the business as well as enabling positive contributions in the many sectors we serve.”
Report Highlights
Beontag trumpeted in the report that 78 percent of graphics and labels materials (GLM) sales in 2023 were from sustainable products, up seven percentage points from a year earlier. ‘Sustainable products’ are defined by the company by four criteria: material reduction, responsible sourcing, recycled content and enable recycling
Additional key findings of the Beontag 2023 ESG Report include:
- Significant increase in digital transformation enabler (DTE) sales of sustainable products between 2022 and 2023 to 32 percent from 18 percent;
- In both GLM and DTE, the percentage of waste diverted from landfill increased—from 50 percent to 56 percent in the GLM section, and two percentage points to 58 percent in DTE;
- Across both divisions, certified paper was used in 95 percent of products sold; and
- Almost 100 percent of products purchased in the GLM section come from tier 1 suppliers on the same continent, contributing to a more efficient supply chain, with lower emissions related to logistic processes.
The ESG report covers the company’s approach and performance between January 1 and December 31, 2023, during which time the global business recorded $520 million net revenue and $640 million in total assets.
Year of Progress
Barbara Dunin, Director of ESG, Marketing and Communications at Beontag, commented that 2023 was another year of progress towards the company’s “ambitious” ESG targets
“Our commitment to transparency has provided us with a significantly higher number of data points, enabling us to have an even better understanding of our sustainability impact, risks, and opportunities across the global business,”
Beontag continued its investment in ESG initiatives across the business with $16 million allocated for the acquisition of state-of-the-art machinery, including the ECO RFID antenna line and inlay machinery in Brazil, China, and Italy, as well as Linerless VIP labels machinery in Europe. Another $5 million was invested in research and innovation across the business.
Environmental Initiatives
The company conducted a cradle-to-grave comparative life cycle assessment (LCA) of its Linerless VIP label, a technology that offers significant savings and reduction in logistic volumes. The document shows a 35 percent reduction in carbon footprint, 33 percent reduction in water consumption throughout the label’s entire life cycle, as well as a 38 percent reduction in post-consumer waste.
Additionally, the company enhanced its greenhouse gas (GHG) inventory to include new operations acquired throughout 2022. The company generated 230,448 tonnes of scope 1, 2 and 3 GHG emissions in 2023, which represents a significant increase in total 2022 levels. GHG emissions in Scope 3 accounted for over 95 percent of Beontag’s total emissions in 2023, related to the purchasing of key raw materials used in product production. The transport and distribution of raw materials and finished products was the company’s second largest source of GHG emissions.
DEI Gains
During this reporting period, diversity, equity and inclusion (DE&I) initiatives were also implemented at corporate and operational levels, focused on gender equality. The number of women in the Beontag workforce in 2023 continued to increase, reaching 32 percent overall in 2023, with 26 percent of senior leadership positions held by women.
Beontag’s completed their first DE&I Survey, along with a study to understand regional diversity nuances. The DE&I survey, conducted to the company’s employees based in its global operations, offered a better understanding of the company´s people profile and their needs, as well as guide Beontag during the development of future DE&I programs, according to company officials.
“As our 2030 sustainability plan continues to evolve, we aim to deploy the insights the data provides to build on the excellent progress already made,” said Dunin.