In today's globalised economy, ESG (Environmental, Social and Governance) and sustainable development have become important issues for both businesses and governments.
These two factors are not only related to the image of corporate social responsibility, but also the key to achieving ‘carbon neutrality’, which promotes enterprises to improve their capabilities in the three dimensions of environment, society and governance. All in all, ESG and sustainability are important tools for addressing global challenges and a key way for companies to realise social value.
ESG and Sustainability
Environmental, Social and Governance (ESG), these three are important considerations for corporate sustainability and a key way for altPlus to improve its self-ability. From bamboo pulp coffee filters and straws to bamboo fibre tableware for everyday use, altPlus takes on social responsibility with low-carbon, sustainable products. Let's learn about the importance of ESG and sustainability in business development.
1. What is ESG
ESG emphasises the need for companies to pay attention to the ecological environment, fulfil their social responsibilities and improve their governance.
ESG means environmental, social and corporate governance.
● Environment: refers to the environmental impact of the enterprise's production and operations, including but not limited to greenhouse gas emissions, energy consumption, waste disposal and water management.
● Social: refers to the performance of the enterprise in terms of social responsibility, including employee welfare, labour rights, community impact and supply chain management.
●Corporate governance: refers to the management structure and governance mechanisms of an enterprise, including board structure, corporate transparency and anti-corruption measures.
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2. Sustainable Development Theory
Sustainable Development Theory means meeting current needs without compromising the ability of future generations to meet their own needs. Equity, sustainability and commonality are the three basic principles.
3. Commonality
● Common goal: Both ESG and sustainable development aim to promote the long-term healthy development of society. ESG provides actionable paths and assessment criteria for sustainable development by measuring corporate performance in the environment, society and economy through specific indicators.
● Evaluation Criteria: ESG is an important indicator system for measuring corporate sustainability. By assessing the performance of an enterprise in environmental, social and governance aspects, investors and stakeholders can better judge the enterprise's sustainable development capability.
●Mutually reinforcing: The ESG framework is an important means of promoting sustainable development for enterprises. By improving environmental performance, strengthening social responsibility and enhancing governance, companies can enhance their competitiveness and reduce business risks, while at the same time bringing positive impacts to society and the environment. In turn, sustainable development concepts and goals inspire companies to pay more attention to ESG performance, creating a virtuous circle.
4. Differences
●Differences in focus: ESG focuses on specific practices and performance assessment at the corporate level, while sustainable development focuses more on long-term development strategies and goal-setting at the macro level.
●Different scopes of application: ESG applies primarily to corporations and investors as an assessment of corporate social responsibility and investment decisions. Sustainable development, on the other hand, applies to governments, businesses and all sectors of society, and serves as a guiding principle for overall development planning and policymaking.
●Different assessment methods: ESG usually assesses corporate performance through a combination of quantitative and qualitative methods, such as carbon emissions, employee satisfaction, transparency of governance structure and other specific indicators. Sustainability, on the other hand, relies more on policy goals and development indicators, such as the United Nations Sustainable Development Goals (SDGs).
Apple's Sustainability Goal
There is a close relationship between ESG and sustainable development. By strengthening ESG practices, companies can contribute to the realisation of the sustainability goals, while sustainable development provides strong internal motivation and external support for companies to carry out ESG practices.
©Apple Official Website
On 18 April 2024, Apple released its 2024 "Environmental Progress Report". Since 2008, Apple has annually shared with the public its environmental sustainability data from the preceding year. The report details Apple's progress in reducing carbon emissions, improving energy efficiency, using renewable energy, and promoting material recycling.
In this report, Apple announced that it has made significant achievements in leading the value chain towards decarbonisation, with Apple having reduced its carbon emissions by more than 55 per cent, and more than 320 of its suppliers now committed to using 100 per cent renewable energy in Apple's manufacturing processes by 2030.
©Apple Official Website
Apple is also committed to the efficient use of materials. Apple launches Apple Watch range with packaging made from 100% fibre. Apple also ensures that their wood, bamboo and sugar cane fibres are certified to FSC, PEFC, Bonsucro and other standards.
The report shows that Apple's more ambitious plan is to achieve full footprint carbon neutrality by 2030, and we will be looking to Apple to accomplish this exciting goal as well.
altPlus' environmentally friendly products also contribute to low carbon and sustainable development, and we do a good job in every project and every product with high standards.
The altPlus Green Programme
ESG and sustainability are directions for the development of every company, and altPlus is no exception.
In this article we will take an in-depth look at the altPlus environmentally friendly packaging products. These products help customers achieve their ESG and sustainability goals in their operations.
1. BaMatrix™ corrugated box packaging.
We provide lightweight, shockproof, waterproof and moisture-proof, pressure-resistant and strong bamboo-plastic composite packaging boxes that can be used repeatedly.
The hollow board is made from BaMatrix™ PP-reCycle, a post consumer recycled material, made with BaMatrix™ bamboo polymer components. The materials undergoe shaping, printing and other processes to become an anti-static, waterproof and moisture-proof transportation packaging box. They are widely used in food, beverages, medicine, clothing, auto parts, and electronic components , hardware machinery and other fields.
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● Wear-resistant and durable, long service life: The material is not easy to wear and could be reused up to 20 times, its service life is more than 4-10 times that of ordinary cartons.
● Acid and alkali resistant, waterproof and moisture-proof: The new waterproof, acid and alkali resistant material prevents luggage, electronic products and other valuable items from being damaged during logistics.
● Anti-freeze and fresh-keeping, clean and dust-free: suitable for low-temperature environments, such as food cold chain transportation, our packaging boxes are dust-free and clean, resistant to oil stains, not easy to breed bacteria and prevent food spoilage.
● Lightweight and sturdy: lightweight packaging boxes are easy to transport and handle, they also have strong pressure resistance to avoid damage to products caused by bumps during logistics.
2. PurBam™ pulp packaging products
altPlus® Pulp Molded Packaging uses 100% biodegradable raw materials, which can be customized with industry-leading manufacturing technology, can be applied in various industries and functions.
● Raw materials are 100% biodegradable
● Supports customization of small angles and various colors
● Industry-leading production equipment
● Professional packaging design team and rich production experience
Cosmetics packaging
©SNNK
Electronic packaging
©Sony
Medical packaging
©EnviroPak
Wine packaging
© Ruinart
3. M Series™ LVB industrial packaging
altPlus has an even more ambitious goal of being environmentally friendly. We are actively developing low-carbon packaging for a variety of applications, and are committed to achieving our customers' ESG and sustainability goals.
The power of high performance packaging insustainable, low carbon solutions. altPlus has introduceda full service operation for manufacturers in need ofheavy duty packaging, from design, to material manufacturing and component fabrication and preassembly.
● Sustainability : All altPlus heavy duty packaging（HDP）products are made with altPlus engineered bamboo materials（LVB）that come from rapidly renewable, sustainable bamboo. The materials are the only structural composite lumber that qualifies as a rapidly renewable material regenerated in less than 10 years. (altPlus harvested bamboo is mature between 4-6 years)
● Durability: HDP products made from altPlus engineered bamboo materials are capable of being used and reused at different levels of exposure. exposure conditions. When designed for reuse, altPlus HDP products may be disassembled and reassembled over may life times of packaging and can be refabricated and adjusted per need.
● Cost Effective: altPlus Heavy Duty Packaging products use the state-of-the-art altPlus Nankou line to process engineered bamboo materials with a high degree of mechanisation and short cycle times to improve raw material utilisation.
● Compliant with Standard: M Series™ LVB materials are compliant with "Safety of machinery Transportation protection for machinery equipment" a Chinese standard (GB/T 30084-2013). It is compliant with ISO 12100.
altPlus insists on completing every product and project with high standard requirements, utilising low-carbon and environmentally friendly products to realise customers' ESG goals, and doing a good job in sustainable development.
🌐 More Info: www.altPlus.xyz 📧 E-mail: connect@altplus.xyz
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