Novolex Releases Sixth Annual Sustainability Report
The report, published in accordance with the global reporting initiative, details several notable advancements, including: Expanding the Circularity of Products: In 2023, applicable Novolex revenues from products that were recyclable, compostable, or reusable grew to an 84% share compared to 78% in 2022. The increase reflects ongoing efforts across the Novolex portfolio to develop products that can be diverted from landfill after use. Progress towards its 30% Reduction by 2030 Greenhouse Gas Target: In 2023, Novolex reduced GHG emissions by 23%, continuing to make progress towards its goal of a 30% reduction in emissions per ton of production by 2030. Novolex GHG data are assured by a third party in accordance with the terms of the company’s sustainability-linked financing. Growing Recycled Content: Across Novolex businesses and products that use paper, Novolex increased its utilization of post-consumer recycled paper to 52% in 2023 compared to 49% in 2022.