GlobalData offers a comprehensive analysis of Reynolds Consumer Products, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Reynolds Consumer Products‘s ESG performance. GlobalData’s company profile on Reynolds Consumer Products offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Reynolds Consumer Products, a prominent consumer goods provider, has prioritized sustainability by setting emission reduction targets. The company has recently secured approval for near-term science-based emission reduction targets from the SBTi (Science-Based Targets initiative) in February 2023. The company has pledged to decrease absolute scope 1 and 2 greenhouse gas emissions (GHG) by 25% by 2030, relative to its 2021 baseline. Additionally, there is a commitment to reduce absolute scope 3 GHG emissions originating from purchased goods and services by 25% within the same timeframe. The SBTi has evaluated and classified the ambition level of the company's scope 1 and 2 targets, affirming their alignment with a trajectory aiming to remain well below a 2°C increase in global temperatures.

The company has taken several steps to reduce its carbon and greenhouse gas emissions. Reynolds Consumer Products continuously works to reduce its consumption of raw materials and recycle scrap generated during production processes. It also offers recycling in its facilities and has implemented the Hefty ReNew™ Program, which diverts hard-to-recycle plastics from landfills and gives them a second life. Since its inception in 2016, the program has diverted over 2,000 tons of hard-to-recycle plastics.

In terms of achievements, Reynolds Consumer Products has made significant progress in its sustainability efforts. In 2022, the company achieved a best-in-class safety record and surpassed the benchmark for total recordable injury rate. It has also added four new sustainable product options, bringing the percentage of product categories with sustainable options to 88% of all categories. The company aims to provide recycling instructions for all of its branded products and use recyclable or reusable packaging for all branded products by specific years.

Overall, Reynolds Consumer Products is committed to reducing its carbon and greenhouse gas emissions and promoting sustainability. The company has set specific targets and implemented various initiatives to achieve its goals. Through its recycling programs and sustainable product options, Reynolds Consumer Products is actively working towards reducing waste and promoting a circular economy.

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