Diamond Packaging Sets Emissions Reduction Targets Through the Science Based Targets initiative (SBTi)

Press Release

Rochester, NY – Diamond Packaging today announced that it has set emissions reduction targets through the Science Based Targets initiative (SBTi), with levels required to meet the goals of the Paris Agreement. The targets covering greenhouse gas emissions from Diamond’s operations (scope 1 and 2) are consistent with reductions required to keep warming to 1.5°C, the most ambitious goal of the Paris Agreement.

The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. It develops standards, tools, and guidance that allow companies to set greenhouse gas (GHG) emissions reduction targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest.

Diamond commits to reduce Scope 1 and Scope 2 GHG emissions 42% by 2030 from a 2022 base year, and to measure and reduce its Scope 3 emissions.

Scope 1 and Scope 2 emission reductions will be achieved through more efficient production processes and energy-saving methods. Scope 3 emissions reductions will be realized through increased supplier engagement and sustainable procurement.

“Diamond is proud to have set science-based targets through SBTi, positioning us as leaders in the low-carbon transition,” said Dennis Bacchetta, marketing director and founding member of Diamond’s Green Team. “We are firmly committed to building a more sustainable future, by doing not what is easy but what is necessary.”

Diamond's industry-leading greenbox sustainability initiative was developed to research, design, and implement packaging solutions that are innovative and more sustainable.

The core of the initiative – designs,materials, and methods – represents a comprehensive approach to packaging that minimizes environmental impact throughout the supply chain.

Through creative design, careful material selection, and best practices at the plant level, Diamond can minimize waste, reduce energy use and emissions, and increase efficiencies – all of which support a more sustainable use of resources and cultivate a positive emotional connection to the brand.

In 2007 Diamond committed to purchase clean, renewable wind energy for 100% of its electrical energy requirements, becoming one of the first U.S.-based folding carton suppliers to do so. Diamond purchases 8,400,000 kilowatt hours (kWhs) of renewable energy credits (RECs) annually, with the environmental benefit equivalent (source: EPA) to:

• Offsetting approximately 5,493 metric tons of carbon dioxide (CO2) per year
• The carbon sequestered by 7,099 acres of trees
• Removing 1,325 passenger vehicles from the road

In 2021 Diamond announced a multi-year commitment to purchase carbon offsets through Climate Action Reserve (CAR) to reduce its carbon footprint. Diamond’s support of high-quality carbon offset projects will help foster reductions in greenhouse gas (GHG) pollution, support activities that reduce local air pollution, spur growth in new green technologies, and allow emission reduction goals to be met at lower cost.

Today, Diamond’s packaging is designed utilizing recyclable or recycled paperboards (many FSC-certified), and manufactured using 100% clean, renewable wind energy, in a Zero Waste to Landfill (ZWL) and Carbon Neutral (Scope 1 and Scope 2) facility.

About Diamond Packaging

Founded in 1911, Diamond Packaging is a WBENC-certified, industry leader specializing in developing innovative and sustainable packaging solutions. Utilizing state-of-the-art technologies, Diamond designs and manufactures folding cartons for the personal care (cosmetics, hair care, skincare, fragrance, oral care, and shaving), health care, pharmaceutical, cannabis, and consumer electronics markets. Its client portfolio includes Bausch + Lomb, Charlotte’s Web, Kendo, L’Oréal, Otter Products, Procter & Gamble, Shiseido, and many other leading consumer packaged goods (CPG) companies. Diamond differentiates itself through award-winning creative design, packaging innovation/technical expertise, and its greenbox sustainability initiative. For more information contact Dennis Bacchetta or visit www.diamondpackaging.com, or follow Diamond on Facebook, X, Instagram, and LinkedIn.

About SBTi

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP, the United Nations Global Compact, the We Mean Business Coalition, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. For more information visit www.sciencebasedtargets.org.