CANPAK Group Makes Bold Renewable Electricity Pledge for 2022

Graphic Packaging International (“Graphic Packaging” or the “Company”), a global leader in sustainable consumer packaging, today announced it has entered into a virtual Power Purchase Agreement (“vPPA”) in Europe with Zelestra, a client-focused, multi-technology, global renewable energy company.The vPPA supports Zelestra in adding renewable electricity to the European power grid and advances Graphic Packaging’s commitment to reduce its greenhouse gas (“GHG”) emissions by receiving renewable energy attribute certificates[1] generated by the project. The renewable electricity generated by two of Zelestra’s solar projects to be built in Spain – José Cabrera and Socovos II – will have a combined total capacity of 83 megawatts (MWdc). Graphic Packaging expects to receive renewable energy attribute certificates1 corresponding to approximately 86 percent of the solar projects’ output. The agreement is a strategic component in achieving Graphic Packaging’s science-based target to reduce Scope 1 and 2 GHG emissions by 50.4 percent by 20322. It will increase the Company’s purchased renewable electricity in Europe to approximately 70 percent.

In line with its commitment to optimize energy efficiency and reduce environmental impact. The ISO 50001 standard is the benchmark international standard developed by the International Organization for Standardization (ISO) for the development of an energy management system within an organization. Lecta’s compliance with this strict standard guarantees the existence of a system optimized for proper, efficient energy use at all its manufacturing sites. Lecta, by carrying out its activity in accordance with the requirements of this important environmental certification, also reaffirms its commitment to the implementation of energy saving measures, with the resulting reduction in emissions and environmental impact.

Two Sides has been busy this year, working on behalf of our members to eliminate anti-paper greenwashing claims, to help educate industry stakeholders on hot environmental topics and to conduct research on consumer attitudes toward our industry and its products. To give you a view of what we’ve been up to, here are some of the highlights. Through 3Q24, Two Sides’ Anti-greenwashing Campaign has persuaded 24 more corporations and other organizations to eliminate anti-paper greenwashing claims, which translates to 100 million more consumers who are no longer seeing misleading environmental claims about paper products from their service providers. We are in conversation with several other large companies right now, and continue to pursue claims as we find them. It’s important to note that Two Sides is the only industry organization that directly challenges the senior leadership of major corporations, government entities, educational institutions and other organizations to remove unsubstantiated and misleading environmental claims about paper products.