SPG Debuts Inaugural Impact Report, Showcasing Progress in Sustainability and People-Centric Innovation

Sustainability report highlights a more than 50 percent reduction in greenhouse gas emissions while doubling company revenue

CHARLOTTE, N.C.--(BUSINESS WIRE)--Specialized Packaging Group (SPG), a leading North American provider of sustainable protective packaging solutions, has released its first Impact Report, showcasing its commitment to sustainability, innovation, and employee empowerment.

Since its acquisition by Altamont Capital Partners in 2020, SPG has accelerated efforts to build a better future by transforming packaging materials, elevating environmental standards, and cultivating a culture of shared success.

“This report highlights the passion, innovation, and dedication of our people,” said Paul Budsworth, CEO of SPG. “We’re not just designing packaging. We’re supporting a better future. I’m proud of what we’ve accomplished, and even more excited about where we’re going.”

The 2025 Impact Report outlines SPG’s environmental, social, and operational strides. Key report highlights include:

• Sustainability Leadership:
  • Achieved a 50%+ reduction in greenhouse gas (GHG) emissions intensity while doubling company revenue.
  • Increased use of recycled or renewable materials in packaging by one-third, outpacing industry peers.
  • Cut plastic packaging use in nearly half, replacing virgin plastics with sustainable alternatives like award-winning EcoFoam™ and EcoBubble™.
• Circular Economy in Action:
  • Converted more than 12 million pounds of scrap into new packaging products.
  • Developed closed-loop systems for major industries, including data centers, solar, and automotive.
  • Introduced returnable rack systems and molded pulp innovations to reduce waste and maximize reusability.
• Employee-Driven Growth:
  • Improved Total Recordable Incident Rate (TRIR) by 80%, now 50% below the industry average.
  • Launched “Share the Gains,” a company-wide equity and bonus program linking business success to individual rewards.
  • Reduced employee turnover by 57% since 2022 through expanded safety, inclusion, and engagement programs.

The full SPG Impact Report is available at https://spgpackaging.com/impact-report/.

About SPG

Headquartered in Charlotte, NC, SPG is a vertically integrated provider of sustainable protective packaging solutions with operations across the U.S., Canada, and Mexico. Serving industries from aerospace and electronics to medical and automotive, SPG is redefining what’s possible in packaging through innovation, responsibility, and impact. For more information about SPG, visit www.spgpackaging.com.