Brambles today released its 2024 Sustainability Review, reporting on material Environmental, Social and Governance progress and achievements across its global operations for the year ended 30 June 2024.
Highlighting the inherent advantages of its circular model and regenerative vision, Brambles’ efforts in FY24 saw the company markedly reduced dependency on natural resources while stepping up its use of waste content in products. At the same time, continued collaboration with CHEP customers and partners to decarbonise the supply chain, along with lower volumes of pallet purchases, resulted in an 8% decrease in Scope 3 emissions against FY23. Together with a 1% year-on-year reduction in Scope 1 and 2 emissions, Brambles’ decarbonisation efforts continue to track ahead of the glidepath to meet its science-based targets by 2030.
Some of the significant achievements highlighted in the 2024 Sustainability Review include:
- Enabling the sustainable growth of an additional 1.7 million trees, alongside the 2.6 million replaced through forestry certification programmes, while maintaining 100% sustainable sourcing
- Doubling the use of post-consumer waste in products, with upcycled and recycled content comprising 42% of all plastic material purchased
- Achieving a 15% reduction in greenhouse gas emissions across entire value chain (Scope 1, 2 and 3) on the FY20 baseline, while maintaining carbon neutral operations (Scope 1 and 2)
- Increasing the number of customers participating in collaboration projects by 37.2% (491 customers) and collaborative initiatives by 15.9% (2,042 initiatives)
- Improving on safety, with BIFR[1] reducing for the fifth consecutive year, and progressing gender equality, with women holding 37.5% of all management roles
- Supporting local communities with contributions totalling US$9.4m through partnerships with food banks, financial and in-kind donations, and employee volunteering
Graham Chipchase, Brambles CEO, said: “The significant progress made towards Brambles’ 2025 sustainability targets reflects the shared pursuit of these goals by our employees, customers and partners, and takes us closer to our ambition of bringing regeneration to the world’s supply networks.
“More than ever, Brambles has a responsibility to lead on regeneration, to demonstrate the commercial, environmental and societal benefits of this pathway and to inspire the broad range of actions that will be required to restore and replenish our natural systems,” he said.
Following its signal to become an early adopter of the Taskforce on Nature-related Financial Disclosures framework, Brambles has commenced outlining nature-related impacts and dependencies in its FY24 reporting.
The company also continues to be an early adopter of climate disclosures, ahead of mandatory requirements, and has provided a comprehensive climate update in its 2024 Annual Report detailing climate transition and adaptations strategies.
