CABKA ESG REPORT 2022
Cabka published its first ESG report as part of the 2022 Annual Report. Please refer to chapter 03 Contributing to a better future of the report for full disclosure.
ESG related assessments
CDP
Over 21,000 companies (representing 2/3 of global market capitalisation) were scored by CDP in 2023.
In its first assessment (2023/2024), Cabka scored B on a scale from A to D-, with A being best practice. The B score reflects the importance Cabka gives to climate issues and proves that we are well on track with other European businesses on the topic. From an industry perspective, Cabka scores better that the plastic manufacturing sector on average.
Cabka is amongst the 41% of “plastic product manufacturing” companies globally that reached the B score.
EcoVadis
EcoVadis (www.ecovadis.com) is a provider of business sustainability ratings and has created a global network of more than 90,000 rated companies to date. The EcoVadis sustainability assessment methodology is an evaluation of how well a company has integrated the principles of sustainability into their business and management system. The sustainability scorecard of EcoVadis illustrates performance across 21 indicators in four themes: environment, human rights, ethics and sustainable procurement. In October 2022 Cabka has confirmed its SILVER status in the Ecovadis assessment and improved it‘s score by two points to 58 points. With this improvement, Cabka remains among the TOP 25 percent of companies rated by Ecovadis. Among Manufacturers of plastics products, Cabka is in the top 18% of companies rated by EcoVadis. In December 2023 Cabka has achieved GOLD status in the Ecovadis assessment.
The Gold award demonstrates the significant progress which has been made in one year, moving Cabka from the top 25% to the top 6% of rated companies, placing it among the best in the industry.
Circulytics
Circulytics (https://ellenmacarthurfoundation.org/resources/circulytics/overview) is a free of charge self-assessment company-level measuring tool developed by the Ellen MacArthur Foundation in collaboration with more than 30 companies and academic organizations. The mission of the Ellen MacArthur Foundation is to accelerate the transition to a circular economy. With this purpose, the foundation develops and promotes the idea of a circular economy by working with, and inspiring, businesses, academics, policymakers, and institutions to mobilize systems solutions at scale, globally. The insights gathered through Circulytics assessment empowers businesses to benefit from the transition to a circular economy. Having access to the right data can help a business find a competitive edge, reduce costs through waste elimination, and meet environmental ambitions. Circulytics accurately measures the readiness and overall performance with regards to the circular economy.
Cabka Group reached a B score in 2023, being the second highest possible score out of nine, reaching from E to A.
ISO Certifications
Cabka operates strictly following ISO-standards. ISO certification certifies that a management system, manufacturing process, service, or documentation procedure has all the requirements for standardization and quality assurance. ISO (International Organization for Standardization) is an independent, non-governmental, international organization that develops standards to ensure the quality, safety, and efficiency of products, services, and systems.
ISO-9001 - the international standard that specifies requirements for a quality management system. Cabka uses this standard to demonstrate the ability to consistently provide products and services that meet customer and regulatory requirements. All Cakba’s main production plants are in possession of this ISO- Standard.
ISO-50001 – an ISO standard which specifies requirements related to energy consumption and shows that an organization guards their energy consumption. For example Cabka’s plant in Weira automatically monitors its energy consumption and switches systems off for efficiency reasons. The standard looks at efficiency, but not at zero reduction. Cabka Weira is in possession of this ISO-standard. Cabka is investigating whether this specific standard should be applied to the other locations.
ISO-14001 – an ISO standard which specifies the requirements for an environmental management system that an organization can use to enhance its environmental performance. The norm helps an organization achieve the intended outcomes of its environmental management system, which provide value for the environment and the organization itself. The intended outcomes of an environmental management system include the enhancement of environmental performance, the fulfilment of compliance obligations and the achievement of environmental objectives. Cabka’s production site in Weira is ISO 14001 certified since end of 2022. Other production locations are also working towards this standard.
ISO-45001 – an ISO standard which specifies requirements for an occupational health and safety (OH&S) management system to enable organizations to provide safe and healthy workplaces by preventing work-related injury and ill health, as well as by proactively improving its OH&S performance by eliminating hazards and minimize OH&S risks (including system deficiencies), taking advantage of OH&S opportunities, and addressing OH&S management system nonconformities associated with its activities. The Cabka production site in Weira was ISO 45001 certified at the end of 2022.