PR88271

LONDON, Feb. 27, 2021 /PRNewswire=KYODO JBN/ --

'Investing In Better'

Klockner Pentaplast (kp or the company), a leading global manufacturer of high

barrier protective packaging solutions with industry-leading use of recycled

content, today announced the launch of its new sustainability strategy,

'Investing in Better'. This follows on from the recent announcement of the

successful completion of kp's entire capital structure refinancing, which is

the first of its kind to incorporate an ESG-Ratchet Linked Term Loan marketed

to U.S. investors.

With the new 'Investing in Better' sustainability strategy, the company has set

itself ten clear targets for long-term improvement grouped into three key

objectives: Close the Loop, which commits kp to using more recycled material,

closing the packaging loop and taking every opportunity to make packaging

recyclable. Work Smarter encompasses targets that focus on using less energy,

cutting carbon emissions and ending landfill. And Act Responsibly, builds on

the cornerstone of kp culture of continuous improvement in the areas of

employee engagement, safety, and will enable kp to become a more diverse and

inclusive company.

kp CEO Scott Tracey said: "Our new sustainability strategy is inextricably

linked to our purpose, the sustainable protection of everyday needs, and

sustainability has been a core value at kp for many years. For the last three

years, our 'Positive Plastics Pledge' initiative helped advance our

sustainability agenda and this new strategy serves as a roadmap to build and

expand on the progress we've already made. Ultimately, 'Investing in Better'

will enable us to meet the long-term needs of our people, our communities and

our planet. Based on our track-record, kp is well-positioned to deliver on

these aims."

Prior to the launch of 'Investing in Better', kp drove key initiatives to raise

awareness of the value of plastic waste and recycling, and opportunities to

work closely with stakeholders to develop the infrastructure, education and

incentives around recycling plastic for a circular economy.

Adam Elman, kp Group Director of Sustainability, adds: "We recognise that the

environmental and social challenges of today call for more urgent action and a

broader, science-based plan. Just in the last year, the global pandemic has

triggered many profound changes and exposed significant global inequities. It's

critical that we're embarking on this journey now, expanding beyond our

recycling efforts. Going forward, our commitments now include the continuation

of work to raise awareness and collaborate with key stakeholders on recycling

for a circular economy, as well as reducing our carbon footprint, supporting

the communities where we live and work, becoming more diverse and inclusive as

a company, and ensuring a safe environment where all kp colleagues can thrive."

About Klockner Pentaplast  

Focused on delivering its vision: The Sustainable Protection of Everyday Needs,

kp is a global leader in rigid and flexible packaging, specialty film

solutions, serving the pharmaceutical, medical device, protein markets, amongst

others. With a broad and innovative portfolio of packaging and product films

and services, kp plays an integral role in the customer value chain by

safeguarding product integrity, improving sustainability and protecting brand

reputation. Founded in 1965 kp has 31 plants in 18 countries and employs over

5,900 people committed to serving customers worldwide in over 60 locations. For

more information visit www.kpfilms.com.

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Source: Klockner Pentaplast