EPL, the world’s largest specialty packaging company headquartered in Mumbai has been awarded the Gold Medal in 2023 EcoVadis Sustainability assessment.
EPL (the world's largest specialty packaging company specialising in the manufacture of laminated plastic tubes) received a score of 70 overall out of 100, being placed in the 94th percentile and among the top 5% on sustainable practices among the 90,000 odd companies across 160 countries assessed by EcoVadis. This is an improvement from EcoVadis Silver Medal the company received in 2022 with a score of 65.
Anand Kripalu, the global CEO and MD at EPL 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 two awards for “best places work’.
Among the companies audited by EcoVadis in the manufacturing of plastics sector, EPL is amongst the top 13% on environment, top 9% on labour and Human Rights, top 2% on sustainable procurement and in the top 6% on ethics. Overall, EPL ranks among the top 3% companies in the said industry.
Also, EPL performed well in all the four pillars assessed by EcoVadis, mentioned above, with an individual score of 70 on each.
EcoVadis is a global collaborative platform that provides sustainability ratings. In this year, EcoVadis has evaluated over 90,000 organisations in over 160 countries and in over 200 industries. The objective of the EcoVadis methodology is to measure the quality of a company's sustainability management system through its policies, actions and results.
The assessment focuses on 21 sustainability criteria that are grouped into four themes: Environment, Labour & Human Rights, Ethics and Sustainable Procurement.
Anand Kripalu said, “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 specialised, not just the lowest cost, but the most sustainable.”
Recently, EPL released the third edition of its sustainability report, which highlights 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).
EPL Limited (formerly known as Essel Propack) is the world's largest specialty packaging company specializing in the manufacture of laminated plastic tubes for a wide range of industries. Their global manufacturing footprint comprises over 21 state-of-art facilities in eleven countries (Brazil, China, Colombia, Egypt, Germany, India, Mexico, the Philippines, Poland, and the United States). EPL caters to a variety of industries such as Beauty & Cosmetics, Pharma & Health, Food & Nutrition, Oral Care and Home Care.