MUNICH, GERMANY - A global leader in reusable packaging solutions for fresh food, IFCO released its ESG Report 2024. This publication provides a comprehensive account of the company’s environmental, social, and governance performance throughout IFCO’s fiscal year 2024. Additionally, the report showcases IFCO’s commitment to improving and sharing the efficiency and environmental benefits of the IFCO SmartCycle circular pooling model.
“As pioneers in our industry, we are determined to reshape the ESG performance of our business while inspiring others to follow suit,” said Mike Pooley, Chief Executive Officer. “Guided by our Thriving in the Circular Economy strategy, we are making tangible progress toward our goals that amplify our inherent commitment to sustainability.”
The title Advancing through circularity, together, captures IFCO’s overall purpose, which is to make the global fresh grocery supply chain sustainable through reusable packaging solutions, and emphasizes the company’s collaborative approach. The report showcases IFCO’s commitment to improving and sharing the efficiency and environmental benefits of the IFCO SmartCycle circular pooling model.
Notably, the IFCO ESG Report 2024 highlights the significant progress in the company’s 2025 ESG Strategy, thriving in the circular economy, including the goal of becoming a net-zero business by 2040. As in previous reports, IFCO’s performance is measured over three core pillars—Thriving Business, Thriving Planet, and Thriving Society—against the baseline year of 2020, a press release shared.
“The validation of our near-term targets from SBTi is a key milestone in our net zero journey and confirms our commitment to set ambitious climate targets that are aligned with science,” added Iñigo Canalejo, Vice President, ESG and Strategic Marketing.
Here is a breakdown of those goals:
- Customer benefits: Increased environmental savings delivered to customers by 4.1 percent in fiscal year 2024
- CO2e emissions reduction: Achieved a 7 percent reduction in total CO2e emissions per reusable packaging container (RPC) trip compared to the previous year
- Circular pooling model improvements: Increased the average recycled content in the production of new RPCs to 42 percent
- SBTi validation: The Science Based Targets initiative (SBTi) validated IFCO’s near-term greenhouse gas (GHG) emissions-reduction targets, marking an important step toward becoming a net-zero business by 2040
Click here to read on for all the details from the release.
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