AGI Greenpac announced its strategic partnership with PricewaterhouseCoopers (PwC) to strengthen and streamline its Environment, Social, and Governance (ESG) goals to deliver on the company’s longstanding commitment to being a responsible and environmentally-conscious business.
Under this strategic partnership, PwC will offer ESG professional services and help AGI Greenpac innovate, develop and implement new management systems that meet and exceed compliance across environmental and safety aspects of all business operations and activities. The company will be working on a set of ESG-related improvement initiatives such as carbon footprint reduction, raw material sourcing, labor management, chemical safety, board diversity, remuneration, ownership, and reporting, amongst others.
To build a comprehensive ESG strategy and implementation plan, AGI Greenpac wants to understand the current ecosystem better, evaluate existing market practices, and take steps to minimise and delete the gaps in the company. PwC has tailored the ESG strategic framework to deliver a diagnostic benchmarking study for AGI Greenpac, to drive growth by identifying gaps and designing a roadmap to meet customer and stakeholder expectations.
AGI Greenpac has appointed Ashwin Joshi as a Sustainability Head, and together with PWC, he will be driving the company’s impact and sustainability strategy forward.
Rajesh Khosla, CEO and President, AGI Greenpac, said, “Sustainability lies at the heart of AGI Greenpac’s operations, and we strongly believe it to be the fundamental philosophy for better business without neglecting financial or economic viability. Our partnership with PwC will help us achieve a robust sustainability program aligned with our core values,”
Sambitosh Mohapatra, ESG Platform Leader, PWC, said, “Integrating ESG into an organisation’s strategy, operations, and supply chain helps them on their path towards sustainability and creates long-term value pools, especially in the packaging industry. Our program will drive specific outcomes and will follow leading practices in accordance with ESG frameworks and set them in motion to achieve the company’s sustainability goals, enhance stakeholder trust and contribute to the UN SDGs seamlessly.”
The company has installed a wastewater recycling and reverse osmosis (RO) plant and uses renewable energy sources in the manufacturing process across businesses. Additionally, under its brand AGI Glaspac, it plans to use 35 per cent recycled glass in its production. The company has also invested in an Electrostatic Precipitation System to monitor and reduce nitrogen oxides (NOx) and sulfur oxides (SOx) exhaust from the chimneys. Under its sustainability goals, the company aims to minimise its carbon footprint and use substantial renewable energy by 2030.