Graham Packaging Sets New Standard with Industry-Leading ESG Rating by Morningstar Sustainalytics
Sustainable packaging company surpasses competitors by earning negligible risk profile for environmental, social and governance impact
Graham Packaging is now ranked No. 1 in the Containers & Packaging industry by Morningstar Sustainalytics, a global leader in environmental, social and governance (ESG) research, ratings and data. The company also ranked in the top two percent of over 15,000 companies assessed by Morningstar Sustainalytics globally. Graham’s risk score of 9.6 indicates they have negligible exposure to ESG risk. In addition, Graham Packaging has been recognized as a Morningstar Sustainalytics ESG Industry Top Rated company in 2023, as well as an ESG Regional Top Rated Company.
“We are very proud to have earned this top ESG Risk Rating. This rating is a reflection of our people and commitment to sustainability, propelling us all toward a more viable future,” said Graham Packaging President and Chief Executive Officer Bob Pyle. “This accomplishment reaffirms the value we place on transparency and Graham’s strong environmental stewardship, social responsibility and ethical practices, all of which are woven into our core business strategy and support the values of our customers, shareholders, employees and other important stakeholders.”
Morningstar Sustainalytics’ ESG risk ratings assess how well a company manages industry-specific material risks related to environmental, social and governance factors, helping them identify and understand ESG risks that could affect their long-term performance. Morningstar Sustainalytics’ ESG Risk Ratings distinguish between five levels of risk: negligible, low, medium, high and severe, with a lower score equating to a better risk assessment. Graham Packaging’s negligible-risk rating of 9.6 shows they have strong risk-mitigation strategies in place.
“This success is a testament to the relentless dedication, innovative thinking and a culture of responsibility of our employees.” said Graham Chief Strategy and Sustainability Officer Tracee Auld. “We remain dedicated to pushing the boundaries of what’s possible and contributing meaningfully to a more sustainable future.”
“Our high standards and alignment with global best practices underscore our unwavering commitment to a holistic approach to sustainability,” added Vice President of Sustainability Richa Desai. “From supply chain transparency to product development, and from employee well-being to community engagement, sustainability is embedded at every stage. This approach has not only mitigated risks but has also created value and resilience for the company and our stakeholders.”
In addition to its negligible risk rating, Graham Packaging also topped its peers in risk management, reflecting how well the company manages its relevant ESG issues and assesses the robustness of its sustainability programs, practices and policies.
To learn more about Graham Packaging’s sustainability efforts, please visit grahampackaging.com/sustainability.