MAY 24, 2024

Sonoco Publishes New Sustainability Report

[Arlington Heights, IL, USA] – May 24th, 2024

Sonoco (NYSE:SON), one of the largest global sustainable packaging companies, published its Corporate Sustainability Report that includes updates to the company’s three pillars of Sustainability including People, Planet and customers in support of its environmental, social and governance (ESG) initiatives.

The annual report outlines the company’s extensive Environmental Policies, aligned to global standards and reporting agencies, ensuring all operations are in full compliance with applicable environmental laws and regulations.  The company’s sustainability goals are based on data-driven scientific criteria and include ambitious targets. The report details these targets, programs, and outcomes to date.

Emissions and Energy Use

  • 1 and 2 GHG emissions reduced by 8% and emission intensity (tCO2e / thousand $ revenue) declined 2%.

Waste Management

  • Committed to reducing waste, Sonoco is a leading recycler in the U.S. and continues to invest in expanding worldwide recycling capabilities to include additional types of packaging materials that can be collected, sorted and processed at many material recovery facilities (MRFs) and mills.

Sustainable Innovation

  • Packaging is designed to meet the needs of our customers while prioritizing sustainability and consumer health and safety.

Product Life Cycle

  • Two dedicated LCA professionals that work to increase the percentage of our product portfolio covered by an LCA and are committed to improving that percentage going forward.

Consumer Health and Safety

  • Sonoco ThermoSafe’s ISC Labs® provides temperature assurance design and testing services along with qualification and validation services to meet all regulatory requirements.

“At Sonoco ThermoSafe, we utilize Life Cycle Assessments to determine environmental impacts of our products across all life cycle stages, from procuring raw materials to manufacturing, transportation, and end of life”, explains Alison Crawley, Global Sustainability Manager. “Our product management teams work with customers to understand their products and priorities to ensure we are choosing the right materials and thermal packaging solution for their needs and goals”.

For further details on Sonoco ThermoSafe’s Sustainability commitments, partners and sustainable thermal packaging solutions visit https://www.thermosafe.com/sustainability/

For detailed information on the frameworks and guidelines used to measure and report on the economic, environmental, social and governance standards, download the Sonoco 2023 Corporate Sustainability Report at https://www.sonoco.com/na/sustainability/impact/reports

About Sonoco ThermoSafe

Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON), is one of the largest global providers of temperature assurance packaging for the safe and efficient transport of pharmaceuticals, biologics, vaccines and other temperature-sensitive products. Sonoco ThermoSafe shipping solutions mitigate risk for customers and ensure product efficacy throughout the extremes of a supply chain. With operations in the Americas, Europe and Asia, Sonoco ThermoSafe has a vast product offering featuring industry-leading technology that encompasses refrigerated, frozen or controlled room temperature applications. In addition, Sonoco ThermoSafe’s ISC Labs® deliver individualized design and testing services and innovative packaging solutions along with qualification and validation services to meet all regulatory requirements. More information can be found at www.thermosafe.com.

About Sonoco

Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging. With annualized net sales of approximately $ 7.25 billion, the Company has approximately 22,000 employees working in more than 300 operations in 32 countries, serving some of the world’s best-known brands in some 85 nations. The Company was ranked first in the Packaging Sector on Fortune’s World’s Most Admired Companies for 2022 as well as being included in Barron’s 100 Most Sustainable Companies for the third-consecutive year.

“Sonoco continues our commitment to promoting accountability and transparency by communicating and engaging regularly with our stakeholders about our sustainability efforts. We continued to make progress during the year toward our sustainability and corporate responsibility goals, which are designed to advance Sonoco’s purpose: Better Packaging. Better Life.®,” said Howard Coker, President and CEO. Sonoco’s achievements in 2023 were made possible by our dedicated employees around the world who work hard to keep our commitments to customers, shareholders, suppliers and communities. I want to thank them and all our stakeholders for your efforts and support of our sustainability and corporate responsibility goals.”

For more information, visit www.sonoco.com.