EPL Limited, the world’s largest specialty packaging company headquartered in Mumbai has been awarded the “Gold Medal” in 2023 EcoVadis Sustainability assessment.
EPL achieved a score of 70 out of 100, placing it in the 94th percentile and in the top 5% of the 90,000 odd companies on sustainable practices across 160 countries assessed by EcoVadis. This is an improvement above the company’s EcoVadis Silver Medal score of 65 in 2022.
EPL is among the top 13% of companies audited by EcoVadis in the Manufacturing of Plastics category for Environment, top 9% on Labour & Human Rights, top 2% on Sustainable Procurement and in the top on Ethics. Overall, EPL is ranked among the top 3% of companies in the said field.
With an individual score of 70 on each of the four pillars analysed by EcoVadis, EPL performed well in all four.
The company remains amongst the best placed in the packaging industry, with some of these external validations. Recently EPL received CDP ratings of A- on climate change (Leadership band), and A on Supplier engagement rating (Leadership Band). In 2022, EPL also got accredited positive (Green rating) on all aspects by the Ellen MacArthur foundation. In FY 23, the company received 5 ISO certifications on Environment, Energy, OHSAS, ISMS & Sustainable procurement globally for all its plants for sustainable practices.
EPL recently released the third edition of its sustainability report, which provides deeper insights into the sustainable value created for its stakeholders, the progress made on ESG goals and the performance on ESG aspects. EPL continues to be a member of the New Plastics Economy, an initiative by Ellen McArthur, India Plastics Pact, Science Based Targets (SBTi) signatory and UNGC (United Nations Global Compact).
Anand Kripalu, Global CEO and MD at EPL Limited said, “The gold medal from EcoVadis is a confirmation of our commitment to sustainability. For us, sustainability is not just a ‘nice to do’ but at core of our business. Our focus on product, people and process sustainability is what will make us ‘lead the pack’ in the times to come. In FY23, we more than doubled sustainable tube volumes; we aim to again double in FY 24. Our employee centric policies were recently recognized with 2 awards for “best places to work’. I want to underscore that our ambition is to make EPL the most sustainable packaging company in the world. Not the biggest, not the most specialized, not just the lowest cost, but the most sustainable.”