AGI Greenpac, a leading packaging company, announced its strategic partnership with PricewaterhouseCoopers (PwC) to strengthen and streamline its Environment, Social and Governance (ESG) goals to deliver on the company’s commitment to being a responsible and environmentally-conscious business.
Rajesh Khosla, CEO and president at AGI Greenpac said, “Sustainability lies at the heart of AGI Greenpac’s operations, and we strongly believe it to be the fundamental philosophy for better business without neglecting financial or economic viability.” Khosla added, “Our partnership with PwC will help us achieve a robust sustainability programme aligned with our core values. It will enhance our ability to achieve better returns across the market for all stakeholders and drive meaningful contribution to the natural and social environment.
Under this strategic partnership, PwC will offer ESG professional services and help AGI Greenpac innovate, develop and implement new management systems that meet and exceed compliance across environmental and safety aspects relating to all business operations and activities. The company will be working on a set of ESG-related improvement initiatives such as carbon footprint reduction, raw material sourcing, board diversity, ownership and reporting amongst others.
AGI Greenpac will be developing a comprehensive ESG strategy and implementation plan to understand the current ecosystem better and take necessary steps to minimise the gaps in the company. To enable this, PwC has tailored the ESG strategic framework to deliver a diagnostic benchmarking study to drive growth by identifying gaps and designing a roadmap to meet customer and stakeholder expectations.
As AGI Greenpac grows, the company’s environmental impact remains a key priority. It aims to minimise its carbon footprint and increase the use of renewable energy by 2030. Sambitosh Mohapatra, ESG Platform Leader, PWC said, “Integrating ESG into an organisation’s strategy, operations and supply chain helps them on their path towards sustainability and creates long-term value pools, especially in the packaging industry. Our programme will drive specific outcomes and will follow leading practices in accordance with ESG frameworks and set them in motion to achieve the company’s sustainability goals, enhance stakeholder trust and contribute to the UN Sustainable Development Goals seamlessly.
.To monitor this project, Ashwin Joshi has been appointed by the AGI Greenpac as the sustainability head. Together with PWC, he will be driving the company’s impact and sustainability strategy forward. He will partner with the senior leadership team to help integrate sustainability across AGI Greenpac’s business strategies. Joshi has 18 years of experience in renewable energies, energy management and audit, carbon footprint mapping and mitigation and project management, among others.
Recently, AGI Glaspac - the packaging unit of AGI Greenpac Limited - commissioned a speciality glass manufacturing facility in Bhongir, which has a combined capacity to process 154 metric tonnes and produce about 70 lakh bottles and containers per day.