Brambles has released its 2023 Sustainability Review, reporting on material Environmental, Social and Governance issues and achievements across its global operations for the year ended 30 June 2023.
The 2023 Sustainability Review highlights the material progress Brambles has made towards its ambitious regenerative vision. The broad range of achievements already delivered demonstrates both Brambles’ global leadership position in sustainability and the power of collaboration in a circular economy to build sustainable and resilient supply chains of the future.
Showcasing regeneration in action, highlights of the report include:
- Enabling the sustainable growth of an additional 3.85 million trees by implementing sustainable practices in timber plantations as part of the company’s forest-positive targets
- Enhancing the circularity of its network by saving ~10 million pallets through targeted recovery and remanufacturing initiatives, preserving the value of its manufactured capital while conserving natural capital through reduced demand for raw materials
- Advancing its waste-positive ambition by launching a new platform made from 100% post-consumer plastic and a total of 13 next-generation platforms containing recycled content
- Delivering lasting social and community value by connecting livelihoods with reforestation projects – in Tabasco, one new forestry role was created for every 10 hectares of reforestation and one skilled forest engineer for every 500 hectares
- Increasing gender diversity across all levels of the business, with women now representing 45.5% of board roles, 36.3% of leadership roles and 8.3% of service center roles
- Achieving a 5.2% reduction of greenhouse gas emission across the entire value chain (Scopes 1, 2 and 3) against FY22 and 7.7% from FY20 baseline while maintaining carbon neutrality across operations (Scopes 1 and 2) and strengthening the mix of its 100% renewable electricity use[1]
“The major strides we’ve taken towards our sustainability goals speak to the unbroken focus and shared commitment across all parts of our business,” said Graham Chipchase, Brambles’ Chief Executive Officer. “For Brambles, our global leadership in sustainability is both a great source of pride and a strategic advantage as the world transitions to a low-carbon economy, ensuring we can continue to deliver value for all stakeholders.”
“Beyond our own impact, we also recognize Brambles’ central role in supply chains uniquely positions us to influence change and help bring others into the circular system,” added Juan Jose Freijo, Brambles’ Chief Sustainability Officer, also speaking about the 2023 sustainability review.
“Our achievements in 2023 underscore the importance of collaboration in this mission, and it is deeply rewarding to see our call to build regenerative supply chains taken up by so many CHEP customers and suppliers in the network and partners across the industry,” added Dr Freijo.
Recognized leader in sustainability
Increasing recognition of Brambles’ efforts in sustainability saw the company boost its position across major ESG assessments in FY23:
- Ranking 1st in its industry category in the Dow Jones Sustainability Index
- Being named third most sustainable company in the world in Corporate Knights’ Global 100 list
- Maintaining A rating in fourth consecutive Circulytics assessment
- Achieving A list status from CDP for action on Forests and Climate
- Holding its maximum MSCI AAA rating (since 2016)
- Inclusion on the Bloomberg Gender Equality Index for the first time
- Attaining Global Top Employer recognition and Top Employer status in four regions and 25 countries
Learn more about Brambles’ 2023 Sustainability Review
Learn more about Brambles’ 2023 Progress Summary on 2025 Sustainability Targets
Learn more about Brambles’ 2023 Annual Report
In 2023, Brambles will release its first Diversity, Equity & Inclusion Report as part of its commitment to ongoing transparency in reporting.
[1] 100% renewable energy mix in FY23 comprised renewable contracts 39%, on-site generation 3% and Energy Attribute Certificates 58%