In order to better manage the challenges in the supply chain, three members of the ABMI together with EcoVadis founded the IMPackT Initiative, a sector initiative in the packaging machinery industry, to foster industry collaboration and amplify impact.
EcoVadis is a leading provider of business sustainability ratings, intelligence, and collaborative performance improvement tools for global supply chains. EcoVadis’s evidence-based ratings cover a wide range of corporate social responsibility (CSR) topics, including environment, labor and human rights, ethics, and sustainable procurement impacts.
The IMPackT Initiative – “The Initiative of Manufacturers of Sustainable Packaging Technology” – was founded beginning 2024. Its features are built as an antitrust-compliant network and allow for more efficient supplier onboarding, transparency, as well as collaboration and analytics.
To drive meaningful impact, the IMPackT Initiative will center its efforts on three critical areas:
- Reducing energy consumption and greenhouse gas emissions;
- Improving health, safety, and working conditions across the supply chain; and
- Preserving Biodiversity.
By addressing these pressing global issues, the IMPackT initiative will work to increase the carbon maturity of its suppliers by providing them with the necessary tools, resources, and support to implement effective sustainability practices. In parallel, the initiative seeks to foster ethical sourcing practices and improve human rights standards across the packaging machinery and packaging technology sector. Biodiversity in addition will be handled in a knowledge-sharing and building process.
The initiative will soon be joined by further members of ABMI and is open for other companies of the same and related industries.
More information about the initiative and how to become a member: The IMPackT Initiative.
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