Winpak announces that it will disclose its environmental impact through the CDP
by CM Staff
Winpak wants to show that it is prepared to handle the increasing demand for environmental transparency from investors, customers and policymakers.
WINNIPEG — Winpak Ltd. announced that it is disclosing its environmental impact through Carbon Disclosure Project (CDP), a global non-profit that runs an environmental disclosure platform. Winpak has disclosed through CDP since 2018, and for 2021 completed CDP’s Climate Change questionnaire.
Disclosing data around environmental impact is now a business norm; in 2021, over 13,000 companies worth more than 64% of global market capitalization disclosed through CDP. Over 75% of the S&P 500 disclose and more than 590 investors with US$110 trillion in assets under management have requested environmental data from companies through CDP. By disclosing, Winpak wants to show that it is prepared to handle the increasing demand for environmental transparency from investors, customers and policymakers.
“Winpak is pleased to have achieved a score of B in its latest filing”, states Phillip Crowder, Director, Corporate Sustainability. “Winpak has set meaningful Sustainability targets that help us improve as stewards of our utilized resources and ensure we reduce our environmental impact. Disclosing through CDP helps us benchmark our efforts and ensures accountability to our stakeholders.”
Simon Fischweicher, Head of Corporations and Supply Chains at CDP North America, commented, “Climate change poses a present and future risk to companies and their supply chains. Only by measuring environmental risks and opportunities can companies manage them now, prepare for the future and remain competitive – especially as large mainstream investors and federal policymakers increasingly push for greater transparency through disclosure. By disclosing their environmental impact through CDP, Winpak has taken an important first step. I look forward to their continued dedication to transparency and effort in securing a net-zero, sustainable and just world.”