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MUNICH, April 11, 2024 /PRNewswire/ -- IFCO, a global leader in reusable packaging solutions for fresh foods, has achieved an improved score in the latest Sustainalytics assessment, ranking seventh among 180 companies in its "Services" subsector. of business support" globally, reaffirming its commitment to sustainable business practices.
Sustainalytics, a renowned independent ESG risk rating agency, has recognized IFCO for its continued dedication to environmental, social and governance (ESG) principles. With a score of 10.7, IFCO improves its low-risk status, showing resilience and responsible management despite the evolving landscape of sustainability challenges.
"We are delighted to see our continued efforts reflected in our improved Sustainalytics score. It highlights our strong commitment to ESG and responsible corporate citizenship," said Michael Pooley, CEO of IFCO Systems. "This achievement validates our strategic focus on ESG and motivates us to pursue even greater milestones in the future."
Advancing Sustainability: IFCO's Improved Sustainalytics Score
The improvement to IFCO's overall score of 10.7 and 'negligible risk' across all categories marks progress compared to the previous assessment, in which the company achieved an already impressive score of 11.3. IFCO was already recognized by Sustainalytics as one of the highest-rated ESG companies in Europe of 2023[IC1] . This improvement is a testament to IFCO's proactive approach to addressing ESG risks and optimizing sustainable practices across its operations. This improvement is a testament to IFCO's proactive approach to addressing ESG risks and optimizing sustainable practices across its operations. .
Rating 2024: IFCO's position among qualified companies worldwide
Ranked among the top 500 companies evaluated globally by Sustainalytics, IFCO continues to demonstrate sustainability leadership within its industry. The company's dedication to reducing environmental impact, promoting social responsibility and maintaining high standards of governance remains unwavering.
Maintaining transparency: IFCO's commitment to ESG disclosure
Alongside its ambitious ESG strategy, IFCO has adopted comprehensive policies and programs to address ESG issues, overseen by its executive committee and ESG advisory committee. The company ensures the quality and safety of its products through a robust product and service safety program, including product safety risk assessments. To mitigate the risks of bribery and corruption, IFCO has established detailed policies and provides an independent hotline dedicated to reporting concerns. The company also invests in employee development and diversity initiatives. IFCO has adopted comprehensive policies and programs to address ESG issues, overseen by its executive committee and ESG advisory committee. The company ensures the quality and safety of its products through a robust product and service safety program, including product safety risk assessments. To mitigate the risks of bribery and corruption, IFCO has established detailed policies and provides an independent hotline dedicated to reporting concerns. The company also invests in employee development and diversity initiatives.
Additionally, IFCO's core circular business model of providing reusable transport packaging (RTP) carries inherent environmental benefits throughout the value chain. Additionally, Sustainalytics determines that the company's overall exposure to ESG issues remains low.
As part of its commitment to transparency and accountability, IFCO regularly publishes comprehensive ESG reports, showing its progress, initiatives and impact on stakeholders. This commitment to disclosure further cements IFCO's position as a trusted partner for clients, investors and other stakeholders committed to sustainability.
To view IFCO's latest ESG report, visit: https://www.ifco.com/about-ifco/sustainability/esg-report-2023/
About IFCO
IFCO is a leading global provider of reusable packaging solutions for fresh foods, enabling customers to participate in the circular economy in more than 50 countries. IFCO operates a group of more than 380 million reusable packaging containers (RTC) worldwide, used for 2 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread and other grocery items. suppliers to food retailers each year. IFCO RPCs ensure a better fresh food supply chain by protecting freshness and quality and reducing costs, food waste and environmental impact compared to single-use packaging. More information at www.ifco.com | Follow us on LinkedIn @IFCO SYSTEMS
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