Essentra – Movement Toward Sustainability

Essentra – Movement Toward Sustainability

As a global player, Essentra combines the top goods, concepts, and distribution into one unbeatable bundle for your company. Since it started producing filters in Jarrow in the late 1940s, the company has invested heavily in new global production and service capabilities in nations like China, India, Indonesia, Mexico, and the US. This ensures that Essentra can better supply its multi-national clients and target growth from developing economies.

Whether you are looking at things from a local or global viewpoint, Essentra’s reach and tested insight help develop solutions tailored exclusively for your company. Essentra operates in several international markets and provides products and skills to help fulfill industry demands. Essentra’s primary purpose is to give the products and services to their customers the need to succeed. 

What Essentra cater to different industries? 

  • Consumer goods: Essentra provides practical packaging solutions for FMCG companies. 
  • Industrial: Essentra provide small necessary components for various industrial applications
  • Point of purchase: Essentra provides Point-of-purchase tapes, fasteners, ties, inserts, glides, and other components
  • Tobacco: Essentra offers special filters and scientific services for the worldwide tobacco business 
  • Transport and logistics: Essentra provides solutions to improve freight visibility and product safety, and security
  • Vehicle: Essentra provides critical components that contribute to global car industry efficiency

Essentra’s part in addressing the sustainability of the environment 

Sustainability is the ability to live and flourish without diminishing natural resources for the future.

 Sustainable development is the development that meets the requirements of the present without harming the future generations’ ability to meet their own needs, according to the Brundtland report. It assumes that resources are limited in amount and should be used sparingly and wisely to guarantee enough for future generations while not reducing the current quality of life. A socially responsible society must prioritize environmental conservation and balance in human and natural systems. 

​​Sustainability is built on three pillars: environmental, social, and economic—colloquially known as profits, planet, and people. These are incredibly significant to corporate sustainability and company operations.

To ensure a consistent and integrated approach to managing ESG risks and opportunities, Essentra established an ESG Committee in 2021. This committee will serve as the operational focal point for ESG activities and will work with their business divisions, the Board of Directors, and management committees. This group has developed an ESG strategy, communicated its goals and aims internally, and issued its first ESG evaluation externally. As Essentra moves toward the completion of the strategic assessments of the Filters and Packaging businesses and the eventual realization of a pure play Components business, these foundations become even more crucial. 

In Essentra’s risk management procedures, ESG (including climate change) is managed as a Principal Risk by the Group Risk Committee under the direction of the Sustainability Committee. This Principal Risk considers the potential harm to their reputation from stakeholders’ rising interest in all ESG-related topics, including their sustainability program.

Essentra’s movement toward the environment 

Building on the four pillars of Essentra’s sustainability strategy, which have been linked to the pertinent Sustainable Development Goals, they set the 2020 aim of “class-leading sustainability” (SDGs). The same year, they also invested in creating more environmentally friendly products, established ambitious goals for the future, and conducted their first thorough materiality evaluation. By increasing their use of materials with post-consumer recycled content in the Components division, implementing alternative materials in the Packaging division, and continuing the development and commercialization of their “ECO” range in Filters, they made further good progress toward those targets in 2021. Additionally, they have collaborated closely with outside specialists to understand better their climate-related risks and possibilities, both physical and economic. 

Essentra’s movement toward health and safety 

Essentra is committed to ensuring no employees of theirs should suffer injury or harm during operations. They also maintain an outstanding commitment to safeguarding the environment, are not harmed and are constantly made sustainable. 

Essentra’s part is to ensure ethical decisions. 

Ethical decision-making is a method that elevates moral values as a set of rules for making corporate decisions over economic concerns. Businesses that prioritize ethical behavior may evaluate a variety of ethical principles, such as how their activities reflect on them and how their choices influence the company, its employees, and the larger society or globe. For example, environmental concerns, employee well-being, operational transparency, product honesty, and consumer pleasure are all common ethical issues in the company; many moral quandaries in business evaluate these variables against economic growth.

To maintain the trust of their clients, vendors, investors, and other stakeholders, including the general public, Essentra is dedicated to conducting business ethically. Essentra’s basic principles, acting safely, responsibly, and being open and honest with high levels of integrity, guide our daily actions and enable their sustainable growth and ongoing success. The Essentra Ethics Code aids in ensuring that all individuals working for or on behalf of the company are aware of their expectations and conduct Essentra business in a manner that is consistent with these values and policies. 

In managing its tax affairs, Essentra strives to uphold the highest standards of accountability and openness and adhere to local tax laws and customs. For Essentra, compliance entails paying the appropriate amount of tax at the proper time and place and disclosing pertinent information to tax authorities to confirm that the amount of tax has been paid at the appropriate location and time.

The Board gives the Group Head of Tax and the Group Finance Director day-to-day tax-related responsibilities, and the Audit and Risk Committee monitors them. The Board decides Essentra’s strategy to tax risk.

This is how Essentra makes a difference to its employees, customers, and environment. The healthier the society, the more sustainable the environment.

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