Astrapak’s overall business results portray their unwavering commitment to building an efficient, world class manufacturing company while delicately balancing the needs of its people, the environment and effectively managing the risks of shareholders and stakeholders. This achievement is well documented and demonstrated throughout the comprehensive 2015 Sustainability Report.
The Report presents a holistic view of the material sustainability-related activities and performance of the Group, their subsidiaries and joint ventures, in all their operations and markets. It also provides information enabling the public and all stakeholders to understand the financial and nonfinancial value created by Astrapak through their operations, as well as their social and environmental impacts.
Having spent the last months dedicated to driving a remarkable turnaround in the Group, Astrapak has ensured that the Sustainability Report offers some insight to the on going restructuring efforts, its risks and opportunities, as well as forward planning for sustainable growth. It represents a further milestone along the road to the integrated and targeted reporting that all stakeholders require to form well-informed opinions on Astrapak.
Among their headline successes, Astrapak embarked on the replacement of ageing hydraulic machinery with hybrid or all-electric machinery that reduces energy consumption by between 30% and 80%. Conserving water is paramount, and water consumption in the 2014/2015 financial year decreased significantly, by 36.30% over the previous year. Plastech has reduced the PET bottle weight by 10% on the high volume lines, thereby reducing the amount of plastic used without affecting performance or shelf life. In terms of recycling, certain products already contain up to 100% recycled PET (R-PET) or recycled HDPE (R-HDPE). In addition, the majority of the Group’s printing operations are recycling their used solvents, reducing the impact of this hazardous waste material. Astrapak is actively engaging with the Department of Environmental Affairs to determine appropriate emissions thresholds for printing operations as part of their reduction goals. Total carbon emissions decreased by 18.64%, while emissions efficiency improved by 11.3%.
As a demonstrative act to show overall Group commitment to continuously assessing and controlling their risk profile, Astrapak is in the process of adopting and implementing an integrated risk management system based on the ISO 31000 standard for risk management.
During the next year, the Group will complete their exit from non-core businesses and steadily continue to eliminate expenses incurred during the turnaround phase. Cash proceeds from non-core businesses already sold will further bolster the balance sheet.
While marginally optimistic about the year ahead, Astrapak remains resolute to achieve their strategic plan and the implementation thereof. The progress made to date illustrates that their direction is vindicated and accurate.
Click here to view the full Astrapak Sustainability Report 2015.