Graham Packaging, which designs and manufactures sustainable packaging solutions, was ranked in the top 2% of more than 15,600 global companies assessed by Sustainalytics in its latest Environmental, Social and Governance (ESG) Rating. The company also received second in its containers and packaging industry category and second in its subindustry of metal and glass packaging.
In addition, Graham Packaging was recognized as a Morningstar Sustainalytics ESG Industry Top Rated Company in 2022, as well as an ESG Regional Top Rated Company. The company also received high scores for its risk management.
“We are very pleased with our strong ESG Risk Rating, which demonstrates our commitment to building a sustainable future,” said Bob Pyle, president and chief executive officer of Graham Packaging. “Being a top-rated ESG company validates our sustainability efforts to our major stakeholders, including our customers, shareholder and employees. Graham is proud to be a people, planet and values-based company that is dedicated to creating a better tomorrow.”
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This method of measurement combines the concepts of management and exposure to arrive at an assessment of ESG risk that is comparable across industries. Sustainalytics’ ESG Risk Ratings distinguish between five levels of risk: negligible, low, medium, high and severe, with a lower score equating to a better risk assessment. Graham Packaging received a rating of 10.3.
“Our ESG Risk Rating shows Graham’s commitment to finding new ways to support our people and our planet,” said Tracee Auld, chief strategy and sustainability officer at Graham. “We continue to make progress on many of our goals, refining our approach and renewing our commitment to true environmental, social and ethical responsibility.”
Richa Desai, vice president of sustainability, added: “Graham has worked hard to look at the full value chain. From aligning with the science of climate change, to improving traceability and transparency and ensuring a diverse and inclusive work environment – we are championing initiatives that will help us build a more sustainable future.”
