IFCO Helps Industry Reach Sustainability Targets With ESG and LCA; Iñigo Canalejo Comments
MUNICH, GERMANY - Today we're sharing the secrets of successful sustainability operations—well, some of them, at least. According to IFCO, a smart combination of environmental, social, and governance (ESG) and life cycle assessment (LCA) creates a strong basis for delivering science-based environmental savings across the supply chain.
"ESG has created momentum in our industry for impactful change," noted Iñigo Canalejo, IFCO Vice President, ESG. "Fortunately, we had a distinct advantage when this wave hit. From the outset, we have always put sustainability and the health of our planet, our people, and our business at the heart of everything we do. For 30 years, we have been running an intrinsically sustainable operation. Our ESG strategy builds on our legacy to deliver tangible benefits for our industry."
As IFCO noted in a recent post, harnessing ESG and LCAs can help businesses meet the growing demand for measurable environmental impact of their products and services.
"The purpose of a life cycle assessment is to inform decision-making," explained Canalejo. "Such studies support businesses in understanding the impact they can make by choosing a more environmentally sustainable product. Our first LCA was carried out in 2004. You could say we've mastered it now. We know all there is to know!"
The company notes that while ESG and LCA can stand alone, they work best together, and a smart combination of ESG and LCA is imperative to help identify the potential for science-based environmental savings. In addition, ESG and LCA can meet the growing demand for transparent information on the environmental impact of products and services.
"The LCA confirms that our customers not only reduce their CO2 emissions when they switch to our RPCs, but they also cut down on water consumption, energy use, solid waste, and food waste," highlights Canalejo. "This reduces the overall environmental footprint of their supply chain operations."
To find out how IFCO embraces circularity to help its partners reduce emissions in the global fresh grocery supply chain, click here.
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