Sustainable packaging brand BioPak has committed to reaching net-zero GHG emissions across the company’s value chain by 2050.
Announced as part of BioPak’s annual Sustainability Report for 2024, the new target is aligned with the Science Based Targets initiative (SBTi), a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science.
BioPak CEO Gary Smith says these new targets play a role in helping the company continue to strive for meaningful change in the packaging industry.
“This is a truly historic moment for BioPak and one that we are proud to share with our customers, stakeholders and the wider community,” says Gary.
“SBTi focuses on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. These targets underpin our unwavering commitment to sustainability and ensure we stay on track.”
BioPak’s Sustainability Report for 2024 also outlines the company’s updated Emissions Reduction Plan, with the new SBTi targets providing a roadmap that addresses all areas of the company’s emissions, with a focus on reducing product emissions, which make up 89 per cent of BioPak’s total emissions.
The report also outlines BioPak’s product innovation, such as the launching of Australia’s first PHA-lined cups and introducing new aqueous solutions with compostable sushi trays and sauce cups.
Additionally, in 2024, BioPak conducted its first consumer research report to understand Australians’ attitudes toward compostable packaging which revealed a strong intent to dispose responsibly but highlighted challenges such as recognising compostable logos and limited council support. This led to the launch of the Compost for Climate campaign to boost composting rates nationwide.
“Our mission is to develop best-in-class solutions that incorporate a range of products and strategies that will help us transition to a waste-free world. We have some truly ambitious projects over the next 12 months, particularly around our own emissions reduction plan, product innovation and continuing to bolster education to spark conversation and drive meaningful change that champions circular solutions,” says Gary.
