Beontag Publishes 2023 ESG Report Reinforcing Role as Sustainability Enabler
- Published: June 18, 2024
Beontag, one of the world’s largest manufacturers of self-adhesives and smart tags such as RFID and NFC, 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 January 1 and December 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. €15 million was 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 revolutionary 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. Practical product innovations such as these provide Beontag customers the data and tools they need to achieve their own ESG goals.
Last year, 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. This increase represents improvement in data accuracy as well as the range of emissions sources monitored for Scope 3, indirect emissions that occur across the value chain and are outside of the organisation’s direct control. GHG emissions in Scope 3 accounted for over 95% 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.
During this reporting period, Diversity, Equity & Inclusion (DE&I) initiatives were also implemented at corporate and operational levels, focused on gender equality. Gender diversity indicators were tracked and monitored monthly, such as the total number of women in the company and in senior leadership positions. 2023 also saw Beontag’s first DE&I Survey, along with a study to understand regional diversity nuances. The DE&I survey was conducted to the company´s employees based in its global operations. The insights gained from this survey will allow 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.
To learn more, visit: https://beontag.com/
