Cabka, the specialist in transport packaging made from recycled plastic and a pioneer in the circular plastics industry, has been recognized with the respected EcoVadis Gold rating in its latest sustainability assessment. The achievement underscores Cabka's commitment to circularity, sustainable practices, and social responsibility in its operations.
Cabka plays a pivotal role in the circular plastics sector, engaging in plastics recycling and developing reusable pallets and large containers for modern supply chains. The company's dedication to transforming end-of-life materials into reusable and recyclable products aligns with its broader sustainability goals, as outlined in its inaugural sustainability report released in 2023. This report details Cabka's comprehensive ESG (environmental, social, governance) framework and targets, emphasizing how the company manages environmental and social aspects aligned with its business strategy.
Tim Litjens, CEO of Cabka, expressed his dedication to making a positive impact, stating, "Cabka is committed to making a positive impact with its own operations and ultimately with the product it supplies to the market. This award is a testament to this commitment and the active implementation of our ESG framework.” The EcoVadis Gold award demonstrates that significant progress has been made in one year, moving Cabka from the top 25% to the top 6% of rated companies, placing it among the best in the industry.
The Gold rating from EcoVadis signifies Cabka's excellence across various sustainability dimensions, including environment, labor and human rights, business ethics, and sustainable procurement. The company's effective implementation of guidelines and measures in these areas has contributed to its elevated performance. Geert de Wilde, Chief Operations Officer at Cabka, emphasized the company's view of sustainability as an ongoing journey. "We see sustainability as a journey, not just a destination. The annual EcoVadis rating as an external third-party review helps us to regularly assess our ESG framework and provides guidance on where we should focus," he stated.
The rating agency EcoVadis assesses companies globally across more than 90,000 organizations from 160 countries and 200 industries. The agency wants to motivate companies to engage in the areas of environment, ethics, labor and human rights as well as sustainable procurement and to be evaluated regularly. Cabka's Gold rating highlights its exemplary commitment to sustainability, placing the company among the industry's leaders.
Cabka is in the business of recycling plastics from post-consumer and post-industrial waste into innovative reusable pallets- and large container solutions enhancing logistics chain sustainability. Cabka is leading the industry in its integrated approach closing the loop from waste to recycling to manufacturing. Backed by its own innovation center in Valencia it has industry knowledge, capability, and capacity of making maximum use bringing recycled plastics back in the production loop at attractive returns. Cabka is fully equipped to exploit the full value chain from waste to end-products.
Cabka is listed at Euronext Amsterdam as of 1 March 2022 under the CABKA ticker with international securities identification number NL00150000S7.
Cabka Group GmbH
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