Graphic Packaging Holding

Graphic Packaging Holding's reported carbon emissions

Graphic Packaging Holding's total carbon emissions for 2024 were approximately 8.8 billion kg CO2e, encompassing Scope 1, 2, and 3 emissions. This figure comprises Scope 1 emissions of about 1.35 billion kg CO2e, Scope 2 emissions of approximately 742.7 million kg CO2e (market-based), and substantial Scope 3 emissions totalling about 6.49 billion kg CO2e. Key contributors to their Scope 3 emissions in 2024 included purchased goods and services (approximately 3.36 billion kg CO2e) and the end-of-life treatment of sold products (approximately 1.54 billion kg CO2e). In 2023, Graphic Packaging's total emissions were around 9.43 billion kg CO2e, with Scope 1 at approximately 1.64 billion kg CO2e, Scope 2 at about 810.7 million kg CO2e (market-based), and Scope 3 at approximately 7.2 billion kg CO2e. The largest component of Scope 3 in 2023 was purchased goods and services, totalling around 3.99 billion kg CO2e. The company has established significant climate commitments. They have committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 50.4% by 2032, using a 2021 baseline. Additionally, they aim to reduce absolute Scope 3 greenhouse gas emissions by 30% within the same timeframe, focusing on categories such as purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, processing of sold products, and end-of-life treatment of sold products. These targets are validated as being 1.5°C aligned by the Science Based Targets initiative (SBTi). Furthermore, Graphic Packaging has a stated ambition to achieve Net Zero emissions by 2050. An earlier vision also included a 10% reduction in Scope 1 and Scope 2 emissions by 2025 from a 2016 baseline.