EcoVadis, an international provider of sustainability ratings, has awarded recognition to Tredegar’s flexible packaging subsidiary, Terphane, for the second consecutive year. Terphane received the Silver medal for 2021, following recognition at the Bronze level in 2020.
“Receiving Silver from EcoVadis this year is an important recognition, as it is a very rigorous certification. This demonstrates our continuous efforts to put not only Terphane, but the entire food and consumer products packaging segment, on the route to an increasingly sustainable future. This is an extremely relevant recognition for the company and places us in a select group of companies that demonstrate real concern for and effective actions aligned with the environmental, social and governance pillars of sustainability,” stated José Bosco Silveira Jr., president of the Terphane Group.
EcoVadis aims to develop companies’ ESG practices based on their influence in global supply chains. It is a collaborative platform that allows companies to monitor the sustainable performance of their suppliers in 150 sectors and 110 countries. Currently, the EcoVadis database includes more than 50,000 companies. The platform provides tools that can be used to facilitate risk management and encourage the introduction of innovations in global supply chains.