Constantia Flexibles

Constantia Flexibles's reported carbon emissions

Constantia Flexibles, headquartered in Austria and operating in the rubber and plastic products sector, has reported significant carbon emissions and established ambitious climate commitments. For the reporting year 2024, the company's total reported emissions were approximately 1.62 billion kg CO2e. This total is comprised of about 112 million kg CO2e from Scope 1 emissions and approximately 34 million kg CO2e from Scope 2 (market-based) emissions. Scope 3 emissions contributed a substantial 1.48 billion kg CO2e. In 2023, Constantia Flexibles' total emissions were approximately 1.53 billion kg CO2e, with Scope 1 emissions at about 114.3 million kg CO2e and Scope 2 (market-based) at approximately 47.4 million kg CO2e. Scope 3 data was not disclosed for this year. Looking at previous reporting, in 2022, total emissions were around 178.2 million kg CO2e, encompassing about 115.1 million kg CO2e for Scope 1 and approximately 50.7 million kg CO2e for Scope 2 (market-based). Constantia Flexibles has set clear targets aligned with limiting global warming to 1.5°C. The company has committed to reducing its absolute Scope 1, 2, and 3 greenhouse gas emissions by 24% by 2030 and by 49% by 2050, using a 2015 base year. These targets have been approved by the Science Based Targets initiative (SBTi). More recently, based on a 2024 base year, Constantia Flexibles has set near-term targets: a 50.4% reduction in absolute Scope 1 emissions by 2032 and a 50.4% reduction in absolute Scope 2 emissions by 2032. Additionally, Scope 3 emissions from purchased goods and services, fuel- and energy-related activities, waste generated in operations, and processing of sold products are targeted for a 30% reduction by 2032. The company's long-term commitment is to achieve net-zero greenhouse gas emissions across its value chain by 2050. This includes a 90% reduction in absolute Scope 1, 2, and 3 emissions by 2050 from the 2024 base year, with any residual emissions being neutralised. These net-zero and long-term reduction targets are also in line with the SBTi corporate net-zero standard and a 1.5°C pathway.