Charter Next Generation Achieves Recognition for Sustainability
Charter Next Generation (CNG), a premier provider of sustainable material science solutions, has attained a Silver Medal from EcoVadis, a global leader in sustainability ratings. This accolade places CNG in the top 15% of over 130,000 companies evaluated worldwide for their sustainability performance. The recognition highlights CNG's enduring dedication to environmental stewardship, ethical management practices, and responsible sourcing.
Significance of the Silver Medal Award
This recent achievement stems from EcoVadis' enhanced assessment criteria for 2024, marking a significant advancement for CNG from the previously held Bronze rating to a Silver Medal. This improvement underscores CNG's position in the 87th percentile within the assessed companies, reflecting its commitment to sustainability across various sectors.
Statements from Leadership
“We’re incredibly proud to receive the Silver Medal from EcoVadis, which stands as a testament to our continuous improvement, robust governance, and unwavering commitment to our stakeholders,” stated Lisa Alteri, Chief Growth and Strategy Officer at CNG. She emphasized this achievement as the result of the passion and dedication exhibited by CNG’s employee-owners.
Noteworthy Assessment Highlights
In the EcoVadis assessment that focused on the Manufacturing of Plastics Products sector, CNG achieved impressive rankings in various categories:
- Top 1% of companies for "Environment"
- Top 7% for "Overall Score"
- Top 10% for "Ethics"
- Top 14% for "Sustainable Procurement"
- Gained Leader status on the Carbon Scorecard, recognized as "Best-in-class for Greenhouse Gas Management System"
This recognition exemplifies CNG's broader climate strategy, reinforcing the company's commitment to decarbonization. CNG aims to reduce its absolute Scopes 1 and 2 greenhouse gas emissions by 42% and absolute Scope 3 emissions by 52% by the year 2030, using 2021 as its baseline. Additionally, it has set an ambitious goal to achieve net-zero emissions by 2050.
“Sustainability is woven into the fabric of our innovations and product development,” remarked John Garnett, Senior Vice President of Sustainability and Innovation. His vision for CNG is to work collaboratively with customers to help them achieve their sustainability milestones through advanced circular material science solutions, fostering responsible growth while minimizing environmental impacts.
A Step Forward in Sustainability
The recent Silver Medal honor builds upon CNG's consecutive Bronze ratings in the preceding two years, reflecting CNG’s upward trajectory in sustainability performance and a long-term investment in transparency, accountability, and ethical business practices.
Looking Ahead
“This accomplishment is merely one step on our sustainability journey,” Garnett added. “We are dedicated to addressing areas for improvement identified through assessments, while continually striving to fulfill our mission: Enhancing Lives for a Better World.”
To access CNG's EcoVadis recognition profile and gain insight into the EcoVadis scoring methodology, as well as learn about ongoing sustainability initiatives, check their website for the latest sustainability report. CNG, widely recognized as a leader in sustainable material science solutions, operates 17 facilities nationwide with a workforce of over 2,500 employee-owners. The company is dedicated to solving global challenges, from waste reduction to preserving food, and is committed to fostering equity and climate resilience.
As a proud partner of Ownership Works™, CNG emphasizes the importance of creating enduring, sustainable value through collaboration and shared success.
Frequently Asked Questions
What does receiving the EcoVadis Silver Medal signify for CNG?
The Silver Medal signifies CNG's commitment to sustainability, showcasing its ranking in the top 15% of companies globally in sustainability performance.
How does CNG plan to achieve its sustainability goals?
CNG plans to significantly reduce its greenhouse gas emissions through established science-based targets and aims for net-zero emissions by 2050.
What sectors does CNG serve?
CNG serves several sectors including food, consumer goods, industrial, and healthcare markets through high-performance materials.
Who is leading CNG's sustainability efforts?
John Garnett, Senior Vice President of Sustainability and Innovation, leads CNG's sustainability initiatives and strategy.
What is the importance of EcoVadis assessments?
EcoVadis assessments are vital for recognizing companies' sustainability practices and providing benchmarks for improvement across various sectors.
