Cabka Achieves EcoVadis Platinum Medal for Sustainability

Cabka Receives EcoVadis Platinum Medal for Sustainability Excellence

Cabka N.V., renowned for its commitment to transforming challenging plastic waste into innovative Reusable Transport Packaging (RTP), has garnered significant recognition by being awarded the prestigious EcoVadis Platinum Medal. This accolade indicates the company's exceptional dedication to sustainability and highlights its strategic advancement in environmental, social, and governance (ESG) practices.

Significant Improvement in Sustainability Score

From a noteworthy score of 72, Cabka elevated its EcoVadis rating to an impressive 82 points, affirmatively placing it in the top 1% of companies evaluated worldwide. This remarkable leap showcases Cabka's steadfast commitment to enhancing its sustainability practices and contributing positively to the industry.

Cabka: A Role Model in Responsible Business Practices

EcoVadis conducts thorough assessments focusing on critical ESG factors like environmental impact management, labor rights, ethical practices, and sustainable sourcing. Being recognized with the Platinum status solidifies Cabka's position among the elite sustainability leaders globally, affirming the efficacy of its tailored ESG strategy.

Challenges in the Plastics Industry

The company’s dedication to meeting pressing sustainability challenges within the plastics sector reflects its implementation of measurable policies and accountability through transparent actions and robust performance metrics. In a complicated business landscape, Cabka emerges as a reliable ally, aiding partners in navigating ESG risks while fortifying resilient supply chains.

Key Benefits of Collaborating with a Platinum-Rated Partner

Choosing to partner with a Platinum-rated organization like Cabka translates into numerous advantages, including:

• Stronger sustainability and compliance within supply chains.
• Risk mitigation through adherence to ESG best practices.
• Visible progress towards achieving sustainability ambitions set by customers.

Leadership Acknowledged by Top Executives

Cabka’s commitment to ESG initiatives resonates throughout its operations, underlined by strong ethical standards and active stakeholder engagement. CEO Alexander Masharov emphasized the significance of this recognition, stating, "Receiving the EcoVadis Platinum Medal symbolizes our relentless dedication to sustainability. Our improved score reflects our continuous evolution and determination to excel. Being among the world’s top 1% is an honor, and we are committed to supporting our partners in creating sustainable supply chains."

Sustainability Director Katrin Poirier echoed this sentiment, saying, "This achievement is a collective triumph for the entire Cabka team, embodying our shared commitment to sustainability, shaping supply chains, and making impactful changes across industries. Excellence in sustainability is our driving force."

Future Commitment to Sustainability

Cabka remains steadfast in its mission to promote sustainability within its operations and throughout its supply chains and partnerships. The company's focus on recycling plastics from both post-consumer and post-industrial waste into innovative RTP solutions enhances the sustainability of logistics operations significantly.

Cabka’s unique approach ensures a complete closed-loop system—from waste management to recycling and manufacturing. This comprehensive strategy not only positions Cabka as an industry leader but also reflects its capability to maximize the value of recycled materials, aligning financial returns with effective eco-friendly practices.

Cabka’s presence on Euronext Amsterdam since March 1, 2022, under the ticker CABKA, further underscores its commitment to growth and sustainability within the sector.

Frequently Asked Questions

What is the EcoVadis Platinum Medal?

The EcoVadis Platinum Medal is a prestigious recognition awarded to companies demonstrating exceptional sustainability performance, placing them at the forefront of global efforts in ESG.

How did Cabka improve its EcoVadis score?

Cabka improved its EcoVadis score from 72 to 82 by enhancing its ESG policies, practices, and initiatives across various sectors.

Why is Cabka a leader in sustainability?

Cabka is a leader in sustainability due to its innovative recycling processes and commitment to transforming plastic waste into sustainable products while adhering to high global standards.

What are the benefits of partnering with Cabka?

Partnering with Cabka offers enhanced sustainability practices, risk mitigation strategies, and support in achieving customer sustainability goals.

How does Cabka contribute to the circular economy?

Cabka plays a crucial role in the circular economy by recycling post-consumer waste into reusable packaging solutions, thereby reducing environmental impact and promoting sustainable resource use.

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