Avery Dennison Corp is a leading global manufacturer of pressure-sensitive adhesive materials, labels, and packaging solutions. The company is headquartered in Glendale, California, and operates in more than 50 countries worldwide. Avery Dennison Corp has a diverse portfolio of products and services, including labeling and packaging solutions for retail, healthcare, automotive, and industrial markets. The company is committed to sustainability and has set ambitious goals to reduce its environmental impact and contribute to decarbonisation efforts.

One of the key areas of focus for Avery Dennison Corp is corporate energy management. The company has implemented a range of initiatives to reduce its energy consumption and increase efficiency across its operations. These efforts include the installation of energy-efficient lighting and HVAC systems, the use of renewable energy sources, and the implementation of energy management software to monitor and optimize energy use.

Avery Dennison Corp is also committed to increasing its use of renewable energy sources. The company has set a goal to source 70% of its electricity from renewable sources by 2025. To achieve this goal, Avery Dennison Corp has invested in a range of renewable energy projects, including wind and solar farms. The company has also implemented corporate power purchase agreements (PPAs) to secure long-term contracts for renewable energy.

Corporate PPAs are a key tool for companies looking to increase their use of renewable energy. These agreements allow companies to purchase electricity directly from renewable energy projects, often at a lower cost than traditional sources of electricity. By entering into a corporate PPA, companies can reduce their carbon footprint and contribute to the growth of the renewable energy sector.

Avery Dennison Corp has been a leader in the use of corporate PPAs. In 2018, the company signed a 12-year PPA with a wind farm in Oklahoma, which will provide 20% of the company's electricity needs in North America. The PPA will also help Avery Dennison Corp achieve its goal of sourcing 70% of its electricity from renewable sources by 2025.

In addition to its use of renewable energy and corporate PPAs, Avery Dennison Corp is also committed to reducing its greenhouse gas emissions. The company has set a goal to reduce its absolute Scope 1 and 2 emissions by 3% annually, and its absolute Scope 3 emissions by 2% annually, through 2025. To achieve these goals, Avery Dennison Corp has implemented a range of initiatives, including the use of low-emission vehicles and the optimization of its supply chain.

Overall, Avery Dennison Corp is a leader in the Adhesives & Sealants sector, with a strong commitment to sustainability and decarbonisation. The company's focus on corporate energy management, renewable energy, and corporate PPAs has helped it reduce its environmental impact and contribute to the growth of the renewable energy sector. As the world continues to transition to a low-carbon economy, Avery Dennison Corp is well-positioned to be a leader in the sustainable business practices that will define the future.