Potential offtaker

Sonoco Products Company

www.sonoco.com

Estimated electricity consumption

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Countries of production presence

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Sonoco Products Company is a leading global provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services. The company has a long history of innovation and sustainability, and it is committed to reducing its environmental impact while providing high-quality products and services to its customers.

Sonoco's commitment to sustainability is evident in its efforts to decarbonize its operations and reduce its carbon footprint. The company has set ambitious goals to reduce its greenhouse gas emissions, increase its use of renewable energy, and improve its energy efficiency. Sonoco is also working to reduce its waste and water usage, and it has implemented a number of programs to promote sustainability throughout its supply chain.

One of Sonoco's key initiatives in the area of sustainability is its Corporate Energy program. This program is designed to help the company reduce its energy consumption and improve its energy efficiency, while also reducing its carbon footprint. The program includes a range of initiatives, such as energy audits, energy management systems, and employee engagement programs, to help Sonoco achieve its energy goals.

Another important initiative for Sonoco is its Corporate PPA (Power Purchase Agreement) program. This program allows the company to purchase renewable energy directly from wind and solar farms, helping to reduce its reliance on fossil fuels and support the growth of renewable energy. Sonoco has signed several Corporate PPA agreements in recent years, including a 75 MW wind power agreement in Texas and a 20 MW solar power agreement in South Carolina.

In addition to its Corporate Energy and Corporate PPA programs, Sonoco is also investing in renewable energy and other sustainability initiatives. The company has installed solar panels at several of its facilities, and it is exploring new technologies such as hydrogen fuel cells and electric vehicles. Sonoco is also working to reduce its waste and increase its recycling efforts, with a goal of achieving zero waste to landfill by 2025.

Overall, Sonoco is a leader in the Containers & Packaging sector when it comes to sustainability and decarbonisation. The company's commitment to renewable energy, energy efficiency, and waste reduction is evident in its Corporate Energy and Corporate PPA programs, as well as its investments in new technologies and recycling initiatives. Sonoco's efforts to reduce its environmental impact while providing high-quality products and services to its customers make it a model for other companies in the industry to follow.