ASHEBORO, NC – JUNE 4, 2024 – Technimark, a global leader in plastic injection molding for healthcare, packaging, and specialty industrial markets, announced today the release of its 2023 Sustainability Brief, unveiling ambitious 2030 sustainability goals and detailing performance across three core pillars of People, Planet, and Product.
“Fostering a workplace where every employee can thrive, minimizing our environmental footprint, and delivering innovative products that responsibly provide value has always been fundamental to our business and growth,” said Brad Wellington, Technimark President and CEO. “Over the past year, we challenged ourselves to accelerate the positive impact we have on the issues that matter most to our stakeholders. Our 2030 goals now serve as our North Star, guiding us forward with focus and commitment.”
The 2023 Sustainability Brief debuts Technimark’s 2030 vision and outlines a comprehensive sustainability strategy. The strategy is informed by an in-depth materiality assessment and aimed at reducing the leading global manufacturer’s climate impact, zeroing out waste to landfill, fostering a diverse and inclusive culture, and advancing sustainability and circularity across the plastics value chain. Additionally, the brief provides a disclosure of performance in alignment with the Sustainability Accounting Standards Board (SASB) transparently highlighting Technimark’s 2023 progress in preparation for expanded reporting against its new goals in the future. Highlights of the brief include:
- Setting a 2030 target to reduce Scope 1 and 2 greenhouse gas emissions by 42% compared to a 2021 baseline, in line with limiting global warming to 1.5° C
- Reducing Scope 1 and 2 market-based emissions by over 24% since 2021
- Diverting more than 85% of waste from landfill or incineration at the majority of Technimark locations
- Decreasing water consumption more than 12 percent from 2022 to 2023
- 98 percent of purchased wood fiber from certified sustainable sources
- A 2023 EcoVadis silver medal, highlighting the company’s sustainability performance within the top 9% of all rated companies and the top 5% within its industry
“Technimark embraces sustainability as a cornerstone of our business model. This brief highlights our strengths and successes but also where we can improve in our efforts to build a more sustainable future,” says Katie Distler, Technimark’s Corporate Vice President, ESG. “At Technimark, sustainability is on all of us. We measure and report on the impact of our initiatives so that everyone knows the difference we’re making — and where we need to work harder. Continuous improvement, innovation, and passion are in our DNA.”
The 2023 Sustainability Brief is available at https://www.technimark.com/documents/technimark-sustainability/ and references relevant sector standards from SASB, the Global Reporting Initiative, and the United Nations Global Compact.
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About Technimark
Technimark is a global manufacturing solutions provider for the healthcare, consumer packaging, and specialty industrial market. Technimark specializes in precision injection molding, value-added assembly, and full supply chain services. Technimark provides clients with customized, end-to-end solutions based on technology and innovation that improve quality, reduce risk, lower costs, and speed products to market. With facilities in the United States, Mexico, United Kingdom, Ireland, Germany, and China, Technimark delivers high-quality products worldwide. For more information, visit technimark.com.