FINLAND – Food packaging solutions provider, Huhtamaki has unveiled its renewed long-term 2030 strategy and sustainability ambitions as part of the company’s strategy to maintain a growth trajectory and meet future transformative trends.
Going forward, Huhtamaki said that it will focus on growth, competitiveness, talent and sustainability as the company seeks to become the first choice in sustainable food packaging.
As part of Huhtamaki’s new 2030 sustainability ambitions, the Finish packaging supplier has set a goal to become carbon neutral in its production and adopt science based targets.
Huhtamaki also plans to make 100% of its products recyclable, compostable or reusable an further source 100% of fiber from recycled or certified sources by 2030.
Within the next ten years, the company also intends to make more than 80% of its raw materials either renewable or recyclable, ensure that over 90% of non-hazardous waste generated is recyclable or compostable as well as source 100% of electricity from renewable sources.
While acknowledging that packaging has a significant role to play industry in addressing the global challenges of circularity and climate change, Huhtamaki said that the commitments will ensure the company plays a leading role within the food packaging.
Huhtamaki further unveiled that it would boost growth by scaling up its operations and further investing in emerging markets as well as capturing the opportunities related to sustainable solutions and food delivery.
To improve its competitiveness, the company plans to increase its focus on world-class operational performance, process performance, digitalization, developing strategic capabilities and nurturing a high-performance culture globally.
Charles Héaulmé, President and CEO of Huhtamaki pointed out that the company’s 2030 strategy will emphasize on strong various core values: Care, Dare, Deliver, as paramount in driving this successful journey.
“We will continue to grow through a relentless focus on innovation, scaling up in growth markets and developing new businesses to meet changing consumer needs,” Charles said.
“We have set very high sustainability ambitions, amongst them a commitment to achieving carbon neutrality in our production and Science Based Targets by 2030.
“We want to become world-class in all three areas of sustainability: environmental, social and governance. We will also strengthen and focus our innovation, designing all our products to be recyclable, compostable or re-usable,” he added.
In line with its renewed strategy, the company has also decided to integrate its Foodservice Europe-Asia-Oceania and Fiber Packaging business segments.
The flexible packaing supplier said that integrating the two business segments allows the company to capture growth opportunities more efficiently by improving customers’ access to both molded fiber and paperboard forming technologies.
The segments will continue to be reported separately for the remainder of the financial year 2020. Eric Le Lay will continue as President for the combined Fiber and Foodservice Europe-Asia-Oceania segment, effective June 1, 2020.