SECTION 1
R E C YC L A B L E , C O M P O S TA B L E O R R E U S A B L E P R O D U C T S RECYCLABLE, COMPOSTABLE OR REUSABLE IN 2022 APPLICABLE NOVOLEX REVENUES FROM PRODUCTS that were recyclable, compostable or reusable was 78%, the same as in 2021.
2021
2022
To measure revenues from products that can be recycled, composted or reused in accordance with SASB metric 410a.1, for products sold in North America we use
22%
How2Recycle® definitions managed by the Sustainable Packaging Coalition (SPC). Those
22%
classifications include “Widely Recyclable,” “Check Locally,” “Store Drop Off” and “Not Recyclable,” which in turn draw on the U.S. Federal Trade Commission (FTC) and Canadian
78%
78%
Competition Bureau claims guidance. For products sold in Europe, local regulatory agencies provide definitions based on the availability of collection and processing infrastructure. Compostable or reusable products included in this metric must have an accompanying third-party certification, such
RECYCLABLE, COMPOSTABLE OR REUSABLE
as certification as compostable by BPI, or have
NOT RECYCLABLE, COMPOSTABLE OR REUSABLE
been tested to verify performance consistent with accredited industry standards. *A share of Novolex products are excluded from the scope of the SASB metric because they do not appropriately classify as recyclable or compostable. Examples of these products include trash can liners and materials used to manufacture products used in construction and other durable applications. These products make up approximately 14% of Novolex revenues.
13
