Charter Next Generation Unveils First Sustainability Report
Charter Next Generation (CNG), a leader in specialty films and material science solutions, is excited to announce the launch of its inaugural Sustainability Report. This report highlights the company's strides made in sustainability initiatives throughout the year. CNG's mission is encapsulated in its commitment, 'Enhancing Lives for a Better World,' centering around four main pillars: Customers, Planet, People, and Communities.
Key Highlights of the Report
In this inaugural sustainability report, CNG presents several key advancements:
Integrating Sustainability into Business
CNG is focused on embedding sustainability deeply into its core values and business strategy. The company pursues innovation in various areas including food preservation, energy efficiency, waste reduction, and equitable employment. These efforts address several global challenges while advancing material science solutions aimed at creating recycle-ready, circular, compostable, and low-carbon materials.
Commitment to Reducing GHG Emissions
CNG's greenhouse gas emissions reduction targets have been validated by recognized initiatives. The company is committed to reducing Scope 1 and Scope 2 emissions by 42% by 2030, and by an impressive 90% by 2050. In addition, it aims to cut down Scope 3 emissions significantly by 52% per kilogram of product produced by 2030 and by 97% by 2050.
Innovative Sustainable Offerings
A highlight of the report is CNG’s GreenArrow™ sustainable films portfolio, which achieved remarkable growth, including over 400% in sales of products made with post-consumer recycled (PCR) materials. Furthermore, seven of CNG’s facilities proudly reached the status of zero waste to landfills, diverting over 6.1 million pounds of waste during the year.
Leadership and Community Engagement
The company received impressive scores in sustainability and climate change efforts. For instance, it earned an A- score for supplier engagement and a B score for climate performance. CNG is recognized for its robust commitment to workplace safety, achieving a 65% reduction in its lost-time incident rate, significantly outperforming the industry average.
Supporting Employees and Communities
CNG is dedicated to its employees, offering innovative programs that allow them to have equity in the company from their first day. The company also showed commitment to community support by donating nearly $525,000 to local initiatives. CNG ensures that its employees feel empowered and connected to the work they perform.
Future Commitment to Sustainable Growth
Kathy Bolhous, Chairman and CEO of CNG, expressed how essential adaptability and innovation are for success. She mentioned, "Our dedicated efforts in 2023 have led to substantial sustainability progress, including our goal to increase sales of sustainable film products. Our commitment to purpose shapes our future impact beyond our immediate operations." With this report, CNG is reaffirming its commitment to transparency in data disclosure and aligns its goals with global frameworks. This will guide the company in its efforts to lead towards a sustainable future.
Looking Ahead
John Garnett, Senior Vice President of Sustainability, shared the company’s ambition to further increase sales of sustainable films. In 2024, their goal is to double previous sales figures, highlighting the company’s ongoing dedication to innovative, sustainable practices.
CNG's comprehensive report underlines its ambition towards achieving significant outcomes in sustainability while addressing climate challenges. The focus remains on developing products that not only meet current demands but are also poised to support a circular economy.
Frequently Asked Questions
What is Charter Next Generation's primary focus in sustainability?
CNG focuses on integrating sustainability into its core business strategy by innovating in areas such as waste reduction, energy efficiency, and equitable employment.
What are the greenhouse gas emissions reduction targets set by CNG?
CNG aims to reduce Scope 1 and Scope 2 emissions by 42% by 2030 and 90% by 2050, with significant reductions in Scope 3 emissions as well.
What achievements does the inaugural Sustainability Report highlight?
The report showcases growth in CNG's sustainable films sales and the achievement of zero waste to landfill status in several facilities.
How does CNG support its employees?
CNG empowers its employees through programs that provide equity in the company and offers financial counseling to enhance their financial well-being.
What is CNG's goal for sustainable film sales in 2024?
In 2024, CNG aims to double the sales of its sustainable film products, continuing its commitment to environmental stewardship.
