Trivium Packaging has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List.’ Based on data reported through CDP’s 2023 Climate Change questionnaire, Trivium is one of a small number of companies that achieved an ‘A’ rating out of over 21,000 companies scored.
CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Trivium’s earned spot on the CDP’s A List indicates the company’s dedication to high quality data that provides a holistic view of the value chain’s environmental impact. Leading in environmental transparency is just one step towards more meaningful and effective action.
“2023 saw record-breaking temperatures across the globe, extreme weather events, and unprecedented losses to nature, people, and business. Companies have a crucial role to play in driving transformative action on climate and nature, but we can’t manage what we don’t measure,” says Jenny Wassenaar, Trivium’s Chief Sustainability Officer. “Disclosure is the first step in effective environmental action. We’re delighted to be named on CDP’s A List for our commitment to transparency.”
Fully TCFD aligned, CDP holds the largest environmental database in the world. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform.
Sherry Madera, CEO of CDP, said: “Congratulations to all the companies on CDP’s A List, and those companies that started or accelerated their journey towards environmental transparency in 2023 – we saw a 24% increase of disclosures last year and that trajectory is to be applauded. It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future. Earning a place on the A List is about more than the score. It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and – crucially – enables them to follow through on their ambitions. As we move deeper into the Decade of Action, and as CDP continually raises the bar for what represents environmental leadership, the work of A List companies is never complete. We look forward to seeing all companies turn their commitments into further and more meaningful and effective action.”