CONCORD TOWNSHIP, Ohio--(BUSINESS WIRE)--Ranpak Holdings Corp. (NYSE: PACK), a leading provider of environmentally sustainable, systems-based, product protection solutions for e-commerce and industrial supply chains, today announced it has published its 2019 ESG Impact Report (available online here: http://ir.ranpak.com/sustainability/2019-ESG-Impact-Report). The report both underscores Ranpak’s mission to help improve supply chain performance and cost while reducing environmental impact and discloses the company’s 2019 results against key environmental and social performance indicators.
Highlights from the 2019 ESG Impact Report include:
- Ranpak’s dedication to replacing protective packaging made from plastic and other petro-chemical substrates with paper, a more sustainable alternative.
- 57% of the paper Ranpak converted into packaging material in 2019 was either entirely or partially recycled stock.
- 81% of Ranpak’s total raw materials supply for 2019 consisted of renewable resources.
- 96% of the waste Ranpak generated in its global operations in 2019 was recycled.
The 2019 ESG Impact Report is Ranpak’s inaugural ESG report. Its publication reflects Ranpak’s enhanced commitment to environmental and social responsibility since coming under new ownership in June 2019.
“At Ranpak, we are unrelenting in our focus on conducting business in an environmentally and socially responsible way,” said Omar Asali, Chairman and CEO. “From the nature of our product to the manner in which we produce it, sustainability is at the very core of what we are as an organization. At the same time, while we are extremely proud of the results disclosed in our 2019 ESG Impact Report, we know that more can always be done. And, at Ranpak, we are committed to doing more.”
In preparing the 2019 ESG Impact Report, Ranpak incorporated several metrics from the Sustainability Accounting Standards Board (SASB) standards for Containers & Packaging, as well as certain Global Reporting Initiative Standards.
Founded in 1972, Ranpak's goal was to create the first environmentally responsible system to protect products during shipment. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak is headquartered in Concord Township, Ohio and has approximately 600 employees.
Additional Information and Where to Find It
Additional information about Ranpak can be found on its website: https://www.ranpak.com. Ranpak’s 2019 ESG Impact Report can be found at: http://ir.ranpak.com/sustainability/2019-ESG-Impact-Report