Beontag Publishes 2023 ESG Report

Beontag has published its ESG report for 2023. In addition to significant progress in all areas of its environmental, social and governance initiatives, the document reinforces Beontag’s commitment to empower customer decision-making by providing sustainable solutions backed by science-based data.

The successful effort comes amid rapid growth and expansion for the company, including acquisitions, appointments, and investment in new state-of-the-art facilities. Beontag’s ESG report covers the company’s approach and performance between Jan. 1 and Dec. 31, 2023, during which time the global business recorded US$520 million net revenue and US$640 million in total assets.

Key findings of the Beontag 2023 ESG Report include:
• 78% of Graphics and Labels Materials (GLM) sales in 2023 were from sustainable products, up from 71% in 2022. ‘Sustainable products’ are defined by four criteria: material reduction, responsible sourcing, recycled content and enable recycling 
• Significant increase in Digital Transformation Enabler (DTE) sales of sustainable products between 2022 and 2023, from 18% to 32%
• In both GLM and DTE, the percentage of waste diverted from landfill increased – from 50% to 56% in the GLM section, and from 56% to 58% in DTE
• Across both divisions, certified paper was used in 95% of products sold
• Almost 100% 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 number of women in the Beontag workforce in 2023 continued to increase, reaching 32% overall in 2023, with 26% of senior leadership positions held by women

Despite the challenging dynamics faced by markets and providers in 2023, Beontag continued its investment in ESG initiatives across the business, with €15 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 USD was invested in research and innovation across the business.

In 2023, Beontag also conducted a cradle-to-grave comparative Life Cycle Assessment (LCA) of its Linerless VIP label, a technology that offers significant material savings and reduction in logistic volumes. The document shows a 35% reduction in carbon footprint, 33% reduction in water consumption throughout the label’s entire life cycle, as well as a 38% reduction in post-consumer waste.

Last year, the company enhanced its Greenhouse Gas (GHG) inventory to include new operations acquired throughout 2022. During this reporting period, Diversity, Equity & Inclusion (DE&I) initiatives were also implemented at corporate and operational levels, focused on gender equality.

“2023 was another year of progress towards our ambitious ESG targets for Beontag,” said Barbara Dunin, director of ESG, marketing and communications at Beontag. “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. 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.”

“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,” added Ricardo Lobo, CEO of Beontag. “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.”