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PACKAGING

AGI Greenpac partners with PwC to beef up ESG initiatives to drive expansion
Tuesday, 13 September, 2022, 08 : 00 AM [IST]
Our Bureau, Mumbai
AGI Greenpac, a leading packaging company, has announced its strategic partnership with PricewaterhouseCoopers (PwC) to strengthen and streamline its Environment, Social and Governance (ESG) goals to deliver on the company’s longstanding commitment to being a responsible and environmentally-conscious business.

Under this strategic partnership, PwC will offer ESG professional services and help AGI Greenpac innovate, develop and implement new management systems that meet and exceed compliance across environmental and safety aspects relating to all business operations and activities. The company will be working on a set of ESG-related improvement initiatives such as carbon footprint reduction, raw material sourcing, labour management, chemical safety, board diversity, remuneration, ownership and reporting, amongst others.

To build a comprehensive ESG strategy and implementation plan, AGI Greenpac wants to understand the current ecosystem better, evaluate existing market practices and take steps to minimise and delete the gaps in the company. PwC has tailored the ESG strategic framework to deliver a diagnostic benchmarking study for AGI Greenpac, to drive growth by identifying gaps and designing a roadmap to meet customer and stakeholder expectations. As AGI Greenpac continues to drive its expansion plans, the company’s environmental impact remains a key priority. It aims to minimise its carbon footprint and increase the use of renewable energy by 2030.

The company has appointed Ashwin Joshi as sustainability head, and together with PWC, he will be driving the company’s impact and sustainability strategy forward. He will partner with the senior leadership team to help integrate sustainability across the company’s business strategies. Joshi has 18 years of experience in renewable energies, energy management and audit, carbon footprint mapping and mitigation and project management, among others.

Commenting on the announcement, Rajesh Khosla, CEO and president, AGI Greenpac, said, “Sustainability lies at the heart of AGI Greenpac’s operations, and we strongly believe it to be the fundamental philosophy for better business without neglecting financial or economic viability. Our partnership with PwC will help us achieve a robust sustainability program aligned with our core values. It will enhance our ability to achieve better returns across the market for all stakeholders and drive meaningful contribution to the natural and social environment.”
 
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