Beontag publishes 2023 ESG Report reinforcing its role as a sustainability enabler

13 June 2024, SÃO PAULO / MILAN: Beontag, one of the world’s largest manufacturers of self-adhesives and smart tags such as RFID and NFC, has published its ESG report for 2023. In addition to significant progress in all areas of its environmental, social and governance initiatives, the document reinforces Beontag’s commitment to empower customer decision-making by providing sustainable solutions backed by science-based data.

The successful effort comes amid rapid growth and expansion for the company, including acquisitions, appointments, and investment in new state-of-the-art facilities. Beontag’s ESG report covers the company’s approach and performance between January 1 and December 31, 2023, during which time the global business recorded US$520 million net revenue and US$640 million in total assets.

Key findings of the Beontag 2023 ESG Report include:

●        78% of Graphics and Labels Materials (GLM) sales in 2023 were from sustainable products, up from 71% in 2022. ‘Sustainable products’ are defined by four criteria: material reduction, responsible sourcing, recycled content and enable recycling

●        Significant increase in Digital Transformation Enabler (DTE) sales of sustainable products between 2022 and 2023, from 18% to 32%

●        In both GLM and DTE, the percentage of waste diverted from landfill increased – from 50% to 56% in the GLM section, and from 56% to 58% in DTE

●        Across both divisions, certified paper was used in 95% of products sold.

●        Almost 100% of products purchased in the GLM section come from tier 1 suppliers on the same continent, contributing to a more efficient supply chain, with lower emissions related to logistic processes

●        The number of women in the Beontag workforce in 2023 continued to increase, reaching 32% overall in 2023, with 26% of senior leadership positions held by women

Despite the challenging dynamics faced by markets and providers in 2023, Beontag continued its investment in ESG initiatives across the business. €15 million was allocated for the acquisition of state-of-the-art machinery, including the ECO RFID antenna line and inlay machinery in Brazil, China, and Italy, as well as Linerless VIP labels machinery in Europe. Another $5 million USD was invested in research and innovation across the business.

In 2023, Beontag also conducted a cradle-to-grave comparative Life Cycle Assessment (LCA) of its Linerless VIP label, a revolutionary technology that offers significant material savings and reduction in logistic volumes. The document shows a 35% reduction in carbon footprint, 33% reduction in water consumption throughout the label’s entire life cycle, as well as a 38% reduction in post-consumer waste. Practical product innovations such as these provide Beontag customers the data and tools they need to achieve their own ESG goals.

Last year, the company enhanced its Greenhouse Gas (GHG) inventory to include new operations acquired throughout 2022. The company generated 230,448 tonnes of scope 1, 2 and 3 GHG emissions in 2023, which represents a significant increase in total 2022 levels. This increase represents improvement in data accuracy as well as the range of emissions sources monitored for Scope 3, indirect emissions that occur across the value chain and are outside of the organisation’s direct control. GHG emissions in Scope 3 accounted for over 95% of Beontag´s total emissions in 2023, related to the purchasing of key raw materials used in product production. The transport and distribution of raw materials and finished products was the company’s second largest source of GHG emissions.

During this reporting period, Diversity, Equity & Inclusion (DE&I) initiatives were also implemented at corporate and operational levels, focused on gender equality. Gender diversity indicators were tracked and monitored monthly, such as the total number of women in the company and in senior leadership positions. 2023 also saw Beontag’s first DE&I Survey, along with a study to understand regional diversity nuances. The DE&I survey was conducted to the company´s employees based in its global operations. The insights gained from this survey will allow a better understanding of the company´s people profile and their needs, as well as guide Beontag during the development of future DE&I programs.

Barbara Dunin, Director of ESG, Marketing and Communications at Beontag, commented: “2023 was another year of progress towards our ambitious ESG targets for Beontag. Our commitment to transparency has provided us with a significantly higher number of data points, enabling us to have an even better understanding of our sustainability impact, risks, and opportunities across the global business. As our 2030 sustainability plan continues to evolve, we aim to deploy the insights the data provides to build on the excellent progress already made.”

Speaking following the publication of the report, Ricardo Lobo, CEO of Beontag, said: “We are proud of the progress we made as a company in 2023, and of the enormous effort made by our 2,000 employees to adhere to our company and client-supporting goals in this area. We look forward to making further progress in 2024 and beyond, both through innovation within the business as well as enabling positive contributions in the many sectors we serve.”

ACCESS THE  2023 ESG REPORT

ENDS

Notes to the Editor

The 2023 Beontag ESG Report can be found in full HERE. (INSERT LINK). The report has been developed with reference to the Global Reporting Initiative (GRI) Standards, Sustainability Accounting Standards Board (SASB), and the Sustainable Development Goals (SDGs). It refers to the period between January 1 and December 31, 2023.

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Forward-Looking Information

Any forward-looking statements in this press release are based on available current market material and management’s expectations, beliefs and forecasts concerning future events impacting Beontag. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results of Beontag to differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements made in this press release speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions, or amendments to any forward-looking statements to reflect changes in our expectations or future events.

About Beontag

Beontag is a global business enabler that serves as one of the world’s leading providers of IoT solutions and graphic and label materials. With operations in more than 15 countries and a footprint in over 40 markets, the multinational company offers end-to-end product capabilities for a range of industries and businesses, driving seamless communication between companies, products, and people.

Beontag’s business is underpinned by modern manufacturing facilities, strategic investments, R&D, and a range of highly qualified teams. Furthermore, the multinational is fully committed to enabling positive impacts across the entire value chain. As a member of the UN Global Compact since 2021, Beontag offers its customers a series of increasingly sustainable products while also working towards a diverse and equitable work environment. To learn more, visit: www.beontag.com