MUNICH, GERMANY - It’s always exciting to see the outcomes of a dynamic growth blueprint! IFCO Systems recently gained recognition for its Environmental, Social, and Governance (ESG) strategies, receiving top ranks from Sustainalytics and Circulytics.
“These ratings clearly and accurately represent our forward momentum when it comes to IFCO’s ESG commitments,” said Michael Pooley, Chief Executive Officer of IFCO Systems. “They are a strong signal to our customers, associates, and stakeholders that we share their values and are making significant progress toward those values. However, IFCO will never become complacent about its sustainability and ESG successes because there is much more work to be done.”
Sustainalytics and Circulytics are two prestigious assessments designed to independently verify sustainability and circular economy commitments and progress, a press release explained. Receiving these top ratings verifies the effectiveness of IFCO’s strategy, as well as its commitment to doing business responsibly.
IFCO received an overall Sustainalytics ESG low-risk rating with a score of 11.2, placing the company in the top 16 percent of all global companies rated by Morningstar’s Sustainalytics. IFCO also received an A- score from the Ellen MacArthur Foundation’s circularity assessment tool Circulytics, earning an A score in the Circulytics Enabler category and a B in the Outcomes category.
As it kicks off the next phase of its comprehensive ESG strategy, IFCO will be launching a series of internal and external initiatives. These include:
- Engagement with policymakers to incentivize reusable packaging
- The development of circular procurement criteria
- Strengthening policies for reusable assets
- Faster progress on renewable energy
To read more about the industry ally’s strategy and recent accomplishments, click here.
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