Toronto, April 2, 2025 – CCL Industries Inc. (“the Company”), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced last week that the Science Based Targets Initiative (SBTi) validated that our science-based greenhouse gas (GHG) emissions reduction targets conform with the SBTi Standards and Guidance (Criteria version 5.1) and the SBTi Corporate Net-Zero Standards and Guidance.
The Company’s validated near- and long-term science-based target (SBT) language is as follows:
Near-Term
• CCL Industries Inc. commits to reduce absolute Scope 1 and 2 GHG emissions 50% by 2030 from a 2022 base year.
• CCL Industries Inc. commits that 75% of suppliers by emissions and 20% of customers by revenue will have set SBTs by 2029.
Long-Term
CCL Industries Inc. commits to reduce absolute scope 1, 2, and 3 GHG emissions 90% by 2050 from a 2022 base year.
To read the complete target language, please refer to our public commitment on the SBTi website HERE. Contact the Corporate Social Responsibility Team (Claire Gambrill, Donato Grimaldi, Maggie Tolkach) or Corporate Counsel (Monique Boyd) with any questions.
April 2025
